Xpo XPO
NYSE XPO
$182.29 -1.96 (-1.06%)
As of: Sep 10, 2026 · 3:59 PM EDT

Xpo (XPO) Operating Expenses (2010 - 2026)

Xpo (XPO) posted Operating Expenses of $476.0 million for Q2 2026, up 12.53% on a QoQ basis from $423.0 million in Q1 2026, and up 23.96% year-over-year from $384.0 million in Q2 2025.

Analysis

Xpo (XPO) Operating Expenses (2010 - 2026) Analysis & Trends

Xpo has reported Operating Expenses for 17 years, with the latest figure at $476.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 23.96% year-over-year to $476.0 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 9.09% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, down 1.13% from the prior year.
  • Operating Expenses was $476.0 million for Q2 2026 at Xpo, up from $423.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $476.0 million in Q2 2026, with the low at $376.0 million in Q4 2024.
  • Average Operating Expenses over 5 years is $409.4 million, with a median of $406.0 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses tumbled 74.76% in 2022, then climbed 23.96% in 2026.
  • Over 5 years, Operating Expenses stood at $410.0 million in 2022, then fell by 2.44% to $400.0 million in 2023, then dropped by 6.0% to $376.0 million in 2024, then gained by 3.19% to $388.0 million in 2025, then advanced by 22.68% to $476.0 million in 2026.
  • The last three Operating Expenses figures came in at $476.0 million (Q2 2026), $423.0 million (Q1 2026), and $388.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Old Dominion Freight Line 37.50 Bn 37.21 Bn 1.52 Bn 1.09 Bn
2 Hunt J B Transport Services 25.20 Bn 25.20 Bn - 3.24 Bn
3 Xpo 21.35 Bn 21.06 Bn 1.89 Bn 476.00 Mn
4 FedEx Freight Holding Company 18.54 Bn 18.54 Bn - -
5 Knight-Swift Transportation Holdings 11.22 Bn 11.04 Bn 1.77 Bn 1.99 Bn
6 TFI International 10.92 Bn 10.71 Bn - 2.07 Bn
7 Saia 9.27 Bn 9.18 Bn - 831.28 Mn
8 Schneider National 5.95 Bn 5.43 Bn 1.00 Bn 1.50 Bn
9 Arcbest 3.02 Bn 2.85 Bn 1.14 Bn 1.21 Bn
10 Werner Enterprises 2.31 Bn 2.26 Bn - 917.01 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 476.00 Mn
Mar 31, 2026 423.00 Mn
Dec 31, 2025 388.00 Mn
Sep 30, 2025 406.00 Mn
Jun 30, 2025 384.00 Mn
Mar 31, 2025 393.00 Mn
Dec 31, 2024 376.00 Mn
Sep 30, 2024 399.00 Mn
Jun 30, 2024 402.00 Mn
Mar 31, 2024 413.00 Mn
Dec 31, 2023 400.00 Mn
Sep 30, 2023 406.00 Mn
Jun 30, 2023 390.00 Mn
Mar 31, 2023 427.00 Mn
Dec 31, 2022 410.00 Mn
Sep 30, 2022 425.00 Mn
Jun 30, 2022 434.00 Mn
Mar 31, 2022 418.00 Mn
Dec 31, 2021 434.00 Mn
Sep 30, 2021 366.00 Mn