Xpo (XPO) Operating Expenses (2010 - 2026)
Xpo (XPO) posted quarterly Operating Expenses of $476.0 million for Q2 2026, up 23.96% year-over-year from $384.0 million in Q2 2025, and up 12.53% quarter-over-quarter from $423.0 million in Q1 2026.
Xpo (XPO) Operating Expenses (2010 - 2026) Analysis & Trends
Xpo's Operating Expenses history runs 17 years deep, the most recent figure standing at $476.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 23.96% year-over-year to $476.0 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 9.09% YoY), while the FY2025 annual figure was $1.6 billion, down 1.13% from the prior year.
- Operating Expenses for Q2 2026 stood at $476.0 million, 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.
- The 5-year median for Operating Expenses is $406.0 million (2023), against an average of $409.4 million.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses tumbled 74.76% in 2022, then gained 23.96% in 2026.
- Xpo's Operating Expenses stood at $410.0 million in 2022, then dropped by 2.44% to $400.0 million in 2023, then decreased by 6.0% to $376.0 million in 2024, then increased by 3.19% to $388.0 million in 2025, then rose by 22.68% to $476.0 million in 2026.
- Business Quant data shows XPO's Operating Expenses at $476.0 million in Q2 2026, $423.0 million in Q1 2026, and $388.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 1.09 Bn |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 476.00 Mn |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 2.07 Bn |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 1.99 Bn |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 831.28 Mn |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 1.50 Bn |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | 218.00 Mn |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 1.21 Bn |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 917.01 Mn |
| 10 | Marten Transport | 1.22 Bn | 1.11 Bn | 184.72 Mn | 216.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |