GXO Logistics, Inc. Revenue in 2024

GXO Logistics, Inc. reported $11.7B in revenue for fiscal year 2024. This represents a growth of 19.4% compared to the 2023 figure of $9.8B.

When the board of XPO Logistics executed the distribution of GXO Logistics shares to its investors on October 21, 2021, they did not merely spin off a division; they unleashed the largest pure-play contract logistics entity on the planet, instantly creating a $11.7 billion revenue powerhouse that would go on to manage over 1,000 distribution centers and deploy more than 45,000 robotic units across 27 countries. In May 2022, GXO acquired Clipper Logistics, a premier UK-based omnichannel retail logistics specialist, for $1225.5 million, instantly doubling its European footprint and acquiring deep expertise in high-velocity fashion and grocery fulfillment. This was followed by the $181 million acquisition of PFSweb in October 2023, a move that supercharged its North American e-commerce fulfillment capabilities and brought sophisticated IT integration and direct-to-consumer shipping expertise in-house. The crown jewel of this inorganic growth spree arrived in early 2024, when GXO announced the acquisition of Wincanton, a massive UK supply chain business, for approximately $1 billion, a defining deal that cemented its dominance in the British market and added critical scale in food and grocery logistics. The company's financial performance in FY2024, characterized by $11.7 billion in revenue despite significant macroeconomic headwinds and the integration costs of massive acquisitions, serves as a powerful testament to the resilience of its business model and the effectiveness of its strategic execution. GXO Logistics, Inc. is the world's largest pure-play contract logistics provider, generating $11.7 billion in FY2024 revenue by designing, building, and operating over 1,000 distribution centers across 27 countries. The revenue streams are divided into three primary categories: warehousing and distribution, transportation management, and value-added services, with warehousing and distribution contributing the vast majority of the company's $11.7 billion FY2024 revenue. GXO Logistics generated $11.7 billion in FY2024 revenue, operating as the world's largest pure-play contract logistics provider with a network of over 1,000 sites and a workforce of 150,000 employees across 27 countries. In fiscal year 2024, GXO Logistics generated $11.7 billion in revenue, representing a 20% year-over-year increase from the $9.8 billion recorded in FY2023, a growth trajectory primarily driven by the full-year consolidation of the PFSweb acquisition and the mid-year integration of the massive Wincanton portfolio in the UK. Despite this strong top-line expansion, the company's profitability metrics experienced significant compression, with operating income falling 31.4% year-over-year to $218 million, and net income declining 42% to $134 million. The financial cost of these integrations is also significant, requiring substantial spending on IT systems, facility upgrades, and severance packages, which depresses short-term operating income and free cash flow.