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
Download Data
Historic 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 |