XPO, Inc. released an investor presentation detailing strong financial results for the first quarter of 2026, which ended March 31, 2026. The company reported significant year-over-year growth in revenue, adjusted EBITDA, and adjusted diluted EPS. The presentation also provided planning assumptions for the full fiscal year 2026 and highlighted progress in its North American Less-Than-Truckload (LTL) segment, including a notable improvement in its adjusted operating ratio.

Key Details

  • Q1 2026 Financial Highlights:
  • Total Revenue: $2.10 billion, an increase of 7% year-over-year.
  • Adjusted EBITDA: $319 million, an increase of 15% year-over-year.
  • Adjusted Diluted EPS: $1.01, an increase of 38% year-over-year.

  • LTL Adjusted Operating Ratio: 83.9%, a 200 basis point improvement year-over-year.

  • Full-Year 2026 Guidance:

  • Gross Capex: Expected to be between $500 million and $600 million.
  • Interest Expense: Forecasted between $205 million and $215 million.

  • Adjusted Effective Tax Rate: Projected to be 23% to 24%.

  • Long-Term Targets (2021-2027): The company reiterated its targets for its LTL segment, including an adjusted EBITDA CAGR of 11% to 13% and an adjusted operating ratio improvement of at least 600 basis points.