GXO Logistics (GXO) financial statements
GXO Logistics reported revenue of $13.2B in fiscal 2025, up 13.7% a year over 6 years.
Net income was $32M and the operating margin 1.9%, against 2.5% in 2019.
Free cash flow was $110M, and the company returned $200M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from GXO Logistics's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.1B | $6.2B | $7.9B | $9.0B | $9.8B | $11.7B | $13.2B |
| Selling, general and admin | $514M | $611M | $714M | $886M | $998M | $1.1B | $1.1B |
| Operating income | $150M | $16M | $151M | $242M | $318M | $218M | $245M |
| Interest expense | $33M | $24M | $21M | $29M | $53M | $103M | $133M |
| Pre-tax income | $118M | -$6M | $153M | $264M | $266M | $146M | $104M |
| Income tax | $37M | $16M | -$8M | $64M | $33M | $8M | $68M |
| Net income | $60M | -$31M | $153M | $197M | $229M | $134M | $32M |
| EPS (diluted) | $0.52 | -$0.27 | $1.32 | $1.67 | $1.92 | $1.12 | $0.28 |
| Diluted shares | 115M | 115M | 116M | 118M | 119M | 120M | 116M |
| Operating margin | 2.5% | 0.3% | 1.9% | 2.7% | 3.3% | 1.9% | 1.9% |
| Net margin | 1.0% | -0.5% | 1.9% | 2.2% | 2.3% | 1.1% | 0.2% |
Balance sheet
Fiscal years, from GXO Logistics's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $200M | $328M | $333M | $495M | $468M | $413M | $854M |
| Receivables | — | $1.2B | $1.5B | $1.6B | $1.8B | $1.8B | $2.0B |
| Total current assets | — | $1.8B | $2.1B | $2.4B | $2.6B | $2.6B | $3.3B |
| Property, plant and equipment | — | $770M | $863M | $960M | $953M | $1.2B | $1.2B |
| Goodwill | $2.0B | $2.1B | $2.0B | $2.7B | $2.9B | $3.5B | $3.8B |
| Total assets | — | $6.5B | $7.3B | $9.2B | $9.5B | $11.3B | $12.3B |
| Total current liabilities | — | $1.7B | $2.3B | $2.5B | $2.6B | $3.2B | $3.9B |
| Long-term debt | — | $615M | $927M | $1.7B | $1.6B | $2.5B | $2.6B |
| Total liabilities | — | $3.6B | $4.9B | $6.5B | $6.6B | $8.2B | $9.2B |
| Shareholders' equity | $2.7B | $2.8B | $2.4B | $2.6B | $2.9B | $3.0B | $3.0B |
| Net debt | -$200M | $287M | $594M | $1.3B | $1.2B | $2.1B | $1.8B |
Cash flow
Fiscal years, from GXO Logistics's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $145M | $333M | $455M | $542M | $558M | $549M | $434M |
| Capital spending | $222M | $222M | $250M | $342M | $274M | $359M | $324M |
| Free cash flow | -$77M | $111M | $205M | $200M | $284M | $190M | $110M |
| Stock-based compensation | $23M | $25M | $28M | $33M | $35M | $39M | $47M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$200M |
| Net borrowing | $0 | $0 | $747M | $835M | -$122M | $810M | $397M |
| Free cash flow margin | -1.3% | 1.8% | 2.6% | 2.2% | 2.9% | 1.6% | 0.8% |
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Open GXO in InvestinglyQuestions
What was GXO Logistics's revenue in 2025?
$13.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does GXO Logistics generate?
$110M in fiscal 2025 (operating cash flow minus capital spending).
From GXO Logistics's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.