Xpo (XPO) Net Margin (2010 - 2026)
Xpo's Net Margin came in at 6.88% for Q2 2026, up 1.78 percentage points from 5.10% a year earlier and up 2.06 percentage points from the prior quarter.
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Analysis
Xpo (XPO) Net Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Xpo reported Net Margin of 4.71%, up 0.40 percentage points year-over-year; for FY2025, it was 3.87%, down 0.92 percentage points from FY2024.
- Net Margin carries a five-year change of +2.59 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 4.79% in FY2024 (+2.35 pp), 2.44% in FY2023 (-6.19 pp), 8.63% in FY2022 (+3.96 pp) and 4.67% in FY2021 (+3.38 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q2 2024.
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +0.09 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q1 2022 (a gain of 19.11 percentage points), and the weakest in Q1 2023 (a drop of 25.03 percentage points).
- Business Quant data shows XPO's Net Margin at 4.82% (Q1 2026), 2.93% (Q4 2025) and 3.88% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.95 Bn | 165.48 Bn | - | 29.04% |
| 2 | Csx | 89.48 Bn | 85.68 Bn | - | 25.46% |
| 3 | United Parcel Service | 84.41 Bn | 61.30 Bn | - | 2.65% |
| 4 | Canadian Pacific Kansas City | 77.76 Bn | 76.77 Bn | - | 24.59% |
| 5 | Norfolk Southern | 73.29 Bn | 67.94 Bn | - | 21.18% |
| 6 | Fedex | 71.24 Bn | 37.19 Bn | - | 6.39% |
| 7 | Delta Air Lines | 51.37 Bn | 33.56 Bn | - | 3.75% |
| 8 | Old Dominion Freight Line | 39.22 Bn | 38.48 Bn | - | 22.56% |
| 9 | United Airlines Holdings | 32.76 Bn | -23.61 Bn | - | 4.56% |
| 10 | Xpo | 21.83 Bn | 20.65 Bn | - | 6.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.88% |
| Mar 31, 2026 | 4.82% |
| Dec 31, 2025 | 2.93% |
| Sep 30, 2025 | 3.88% |
| Jun 30, 2025 | 5.10% |
| Mar 31, 2025 | 3.53% |
| Dec 31, 2024 | 3.90% |
| Sep 30, 2024 | 4.63% |
| Jun 30, 2024 | 7.22% |
| Mar 31, 2024 | 3.32% |
| Dec 31, 2023 | 2.99% |
| Sep 30, 2023 | 4.24% |
| Jun 30, 2023 | 1.72% |
| Mar 31, 2023 | 0.73% |
| Dec 31, 2022 | -5.13% |
| Sep 30, 2022 | 6.73% |
| Jun 30, 2022 | 6.89% |
| Mar 31, 2022 | 25.77% |
| Dec 31, 2021 | 6.88% |
| Sep 30, 2021 | -3.11% |
API Access
Xpo Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=XPO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "XPO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=XPO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();