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
DateValue
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