Xpo (XPO) Operating Margin (2010 - 2026)
Xpo (XPO) posted quarterly Operating Margin of 11.51% for Q2 2026, up 199.0% year-over-year from 3.85% in Q2 2025, and up 38.62% quarter-over-quarter from 8.3% in Q1 2026.
Xpo (XPO) Operating Margin (2010 - 2026) Analysis & Trends
Xpo's Operating Margin history runs 17 years deep, the most recent figure standing at 11.51% for Q2 2026.
- In Q2 2026, Operating Margin rose 199.0% year-over-year to 11.51%; the TTM figure through Jun 2026 stood at 8.77% (up 36.0% YoY), while the FY2025 annual figure was 8.04%, down 13.0% from the prior year.
- Operating Margin for Q2 2026 stood at 11.51%, up from 8.3% in the prior quarter.
- The five-year high for Operating Margin was 11.51% in Q2 2026, with the low at 0.22% in Q4 2022.
- The 5-year median for Operating Margin is 7.74% (2024), against an average of 7.01%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 351 bps in 2022, then surged 592 bps in 2023.
- Xpo's Operating Margin stood at 0.22% in 2022, then jumped by 2708 bps to 6.13% in 2023, then rose by 26 bps to 7.75% in 2024, then dropped by 8 bps to 7.11% in 2025, then jumped by 62 bps to 11.51% in 2026.
- Business Quant data shows XPO's Operating Margin at 11.51% in Q2 2026, 8.3% in Q1 2026, and 7.11% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.49 Bn | 42.21 Bn | 1.52 Bn | 29.94% |
| 2 | Xpo | 23.08 Bn | 22.78 Bn | 1.89 Bn | 11.51% |
| 3 | TFI International | 11.47 Bn | 11.26 Bn | - | - |
| 4 | Knight-Swift Transportation Holdings | 11.33 Bn | 11.14 Bn | 1.77 Bn | 5.00% |
| 5 | Saia | 9.61 Bn | 9.53 Bn | - | 13.09% |
| 6 | Schneider National | 6.15 Bn | 5.63 Bn | 1.00 Bn | 4.55% |
| 7 | Rxo | 3.68 Bn | 3.66 Bn | 302.00 Mn | 0.06% |
| 8 | Arcbest | 3.03 Bn | 2.86 Bn | 1.14 Bn | -1.74% |
| 9 | Werner Enterprises | 2.28 Bn | 2.23 Bn | - | 1.81% |
| 10 | Marten Transport | 1.20 Bn | 1.09 Bn | 184.72 Mn | 3.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.51% |
| Mar 31, 2026 | 8.30% |
| Dec 31, 2025 | 7.11% |
| Sep 30, 2025 | 7.77% |
| Jun 30, 2025 | 9.52% |
| Mar 31, 2025 | 7.73% |
| Dec 31, 2024 | 7.75% |
| Sep 30, 2024 | 8.57% |
| Jun 30, 2024 | 9.48% |
| Mar 31, 2024 | 6.84% |
| Dec 31, 2023 | 6.13% |
| Sep 30, 2023 | 7.78% |
| Jun 30, 2023 | 5.58% |
| Mar 31, 2023 | 3.04% |
| Dec 31, 2022 | 0.22% |
| Sep 30, 2022 | 7.14% |
| Jun 30, 2022 | 8.35% |
| Mar 31, 2022 | 3.33% |
| Dec 31, 2021 | 3.72% |
| Sep 30, 2021 | 3.55% |