XPO's first quarter 2026 results were driven by a 20% rise in North American LTL adjusted operating income.

XPO reported first quarter revenue of $2.1 billion, a 7.3% increase year-over-year, with diluted EPS growing 46.6% to $0.85. The company's performance was led by its North American Less-Than-Truckload segment, which significantly outperformed seasonality.

Key Highlights

• Adjusted diluted EPS grew 38.4% to $1.01, while company-wide adjusted EBITDA increased 14.7% to $319 million.
• The North American Less-Than-Truckload (LTL) segment improved its adjusted operating ratio by 200 basis points to 83.9%, with adjusted operating income rising 20% to $198 million.
• Within the NA LTL segment, shipments per day increased 3.0% and yield (revenue per hundredweight, excluding fuel) grew by 4.0% year-over-year.