GXO Logistics, Inc.
Financial Performance
GXO Revenue & Financials
Revenue
$13.2B (FY2025)
Market Cap
$5.3B
Net Income
$36M
Employees
154,000
What is GXO's revenue?
GXO had $13.2B in revenue for fiscal year 2025, up 12.5% from 2024. Net income was $36M.
- Latest revenue
- $13.2B (FY2025)
- Year-over-year
- +12.5%
- Growth rate (CAGR)
- 13.7% over 6 years
- Peak revenue
- $13.2B (FY2025)
- Years of data
- 7
- Employees
- 154,000
Financial Analysis
GXO's revenue has grown every year since the spin-off: $7.9 billion in 2021, $9.0 billion in 2022, $9.8 billion in 2023, $11.7 billion in 2024 and $13.2 billion in 2025. Much of that growth was acquired; organic growth was 3.9% in 2025. Profitability is thinner. Net income dropped from $138 million in 2024 to $36 million in 2025 because of transaction, integration, restructuring and divestiture costs, while adjusted EBITDA rose to $881 million. GXO generated $259 million of free cash flow in 2025 and ended the year with $3.1 billion of debt and $2.2 billion of net debt. In Q2 2026, revenue rose 4.3% to $3.4 billion, net income was $27 million and adjusted EBITDA was $219 million. The company narrowed 2026 guidance to adjusted EBITDA of $945-965 million and adjusted diluted EPS of $2.95-3.15. GXO Logistics, Inc. is the world's largest pure-play contract logistics provider, sustaining a market valuation typically over $6 billion.
Revenue Trend Analysis
YoY Change
+12.5%
6-Year CAGR
+13.7%
Peak Year
2025
Trend
Consistent Growth
GXO Logistics, Inc. has 7 full fiscal year figures on this page, compounding at +13.7% annually over 6 years. The most recent year saw a 12.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $13.2B. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $13.2B | $245Mfiling | $36M | +12.5% | GXO fourth quarter and full year 2025 results (Feb 10, 2026) and 2025 Form 10-K Fiscal year ended 2025-12-31. |
| FY2024 | $11.7B | $218M | $138M | +19.7% | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-25) Fiscal year ended 2024-12-31. |
| FY2023 | $9.8B | $318M | $233M | +8.7% | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-25) Fiscal year ended 2023-12-31. |
| FY2022 | $9B | $242M | $197M | +13.3% | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-18) Fiscal year ended 2022-12-31. |
| FY2021 | $7.9B | $151M | $153M | +28.2% | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-15) Fiscal year ended 2021-12-31. |
| FY2020 | $6.2B | $16M | -$31M | +1.7% | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-16) Fiscal year ended 2020-12-31. |
| FY2019 | $6.1B | $150M | $60M | — | GXO Logistics, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-17) Fiscal year ended 2019-12-31. |
Click any row to see year details.
GXO Logistics, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $434M | $324M | $12.3B | $3B | $110M | Form 10-K |
| FY2024ended Dec 31, 2024 | $549M | $359M | $11.3B | $3B | $190M | Form 10-K |
| FY2023ended Dec 31, 2023 | $558M | $274M | $9.5B | $2.9B | $284M | Form 10-K |
| FY2022ended Dec 31, 2022 | $542M | $342M | $9.2B | $2.6B | $200M | Form 10-K |
| FY2021ended Dec 31, 2021 | $455M | $250M | $7.3B | $2.4B | $205M | Form 10-K |
| FY2020ended Dec 31, 2020 | $333M | $222M | $6.5B | $2.8B | $111M | Form 10-K |
Keep researching GXO
GXO Revenue and Financial FAQ
What is the annual revenue magnitude and organic growth profile of GXO Logistics?
GXO Logistics, Inc. reported revenue of $13.2 billion for fiscal year 2025, up from $11.7 billion in fiscal 2024.
What is GXO's adjusted EBITDA margin profile and financial leverage target?
GXO targets adjusted EBITDA margins of 7.5% to 8.5% across its global network, maintaining an investment-grade balance sheet with a target leverage ratio of 1.5x to 2.0x net debt to adjusted EBITDA.
How does GXO maintain high free cash flow conversion rates?
GXO achieves an adjusted free cash flow conversion rate of approximately 30% to 40% of adjusted EBITDA, supported by client co-funded automation models, disciplined working capital management, and modest maintenance CapEx requirements (typically 1.5% to 2.0% of revenue).
What is GXO's capital allocation strategy regarding M&A and share repurchases?
GXO prioritizes disciplined capital allocation by funding organic customer automation projects, pursuing strategic tuck-in and scale M&A in Europe and North America (such as Clipper Logistics and Wincanton), and opportunistically repurchasing shares.
How do foreign currency exchange rate fluctuations impact GXO's reported financials?
Because a significant portion of GXO's revenue is generated in British Pounds (GBP) and Euros (EUR), currency translation impacts US Dollar-reported financial statements, although local currency operational margins remain naturally hedged by local operating expenses.
What is the commercial visibility provided by GXO's new business contract pipeline?
GXO maintains forward revenue visibility through a multi-billion-dollar commercial sales pipeline, winning approximately $1.
How does GXO account for customer-funded warehouse capital expenditures?
When clients fund specialized automation equipment directly, GXO records lower balance sheet asset intensity while recognizing service revenue and technology management margins over the multi-year operating agreement term.
What credit rating profile does GXO maintain with major credit rating agencies?
GXO holds investment-grade credit ratings (Baa3 by Moody's, BBB- by S&P and Fitch), ensuring low-cost access to unsecured senior debt markets and commercial revolving credit facilities.
Is GXO a public company?
Yes, it trades on the NYSE. Because GXO secured highly lucrative, long-term contracts with blue-chip global brands, their revenue is incredibly stable. Furthermore, they generate massive, rapidly growing profits from "reverse logistics"—charging retailers huge fees to process the massive flood of customer returns generated by online shopping.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "GXO Revenue & Financials." CorpDigest, https://corpdigest.com/company/gxo/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>GXO reported $13.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/gxo/financials" target="_blank" rel="noopener">CorpDigest — GXO financials</a></div>Related Financial Audits
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