XPO announced its second-quarter 2026 financial results, highlighting significant year-over-year growth in revenue and earnings. The performance was primarily driven by its North American Less-Than-Truckload (LTL) segment, which achieved a new company record for adjusted operating ratio. The company also released its financial outlook for the full year 2026.
Key Details
- Q2 2026 Financial Highlights: Total revenue grew 13% YoY to $2.36 billion, with adjusted EBITDA up 25% YoY to $425 million (excluding real estate gains) and adjusted diluted EPS up 56% YoY to $1.70.
- North American LTL Performance: The segment reported a record adjusted operating ratio of 79.9%, a 300 basis point improvement YoY. LTL adjusted operating income increased by 36% YoY.
- Full-Year 2026 Outlook: The company expects total gross capex of $500 million to $600 million, an adjusted effective tax rate of 23% to 24%, and a diluted share count of approximately 118 million.