Xpo (XPO) Operating Expenses (2010 - 2026)
Xpo (XPO) posted quarterly Operating Expenses of $423.0 million for Q1 2026, up 7.63% year-over-year from $393.0 million in Q1 2025, and up 9.02% on a QoQ basis from $388.0 million in Q4 2025.
Xpo (XPO) Operating Expenses (2010 - 2026) Analysis & Trends
Xpo (XPO) has reported Operating Expenses for 17 consecutive years, with $423.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 7.63% year-over-year to $423.0 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 1.97% YoY), while the FY2025 annual figure was $1.6 billion, down 1.13% from the prior year.
- Operating Expenses came in at $423.0 million for Q1 2026 at Xpo, up from $388.0 million in the prior quarter.
- The five-year high for Operating Expenses was $434.0 million in Q2 2022, with the low at $376.0 million in Q4 2024.
- Average Operating Expenses over 5 years is $405.5 million, with a median of $406.0 million recorded in 2023.
- The largest YoY upside for Operating Expenses was 16.12% in 2022 against a maximum downside of 74.76% in 2022.
- Year by year, Operating Expenses stood at $410.0 million in 2022, then decreased by 2.44% to $400.0 million in 2023, then fell by 6.0% to $376.0 million in 2024, then climbed by 3.19% to $388.0 million in 2025, then climbed by 9.02% to $423.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $423.0 million, $388.0 million, and $406.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | 1.85 Bn |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | 1.02 Bn |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | 423.00 Mn |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | 1.82 Bn |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | 739.42 Mn |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | 187.80 Mn |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | 197.00 Mn |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | 995.36 Mn |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | 804.62 Mn |
| 10 | Marten Transport | 1.42 Bn | 1.37 Bn | 203.18 Mn | 205.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.68 Bn |