Xpo (XPO) Operating Margin (2010 - 2026)
Xpo (XPO) posted Operating Margin of 11.51% for Q2 2026, up 1.99 percentage points from 9.52% a year earlier and up 3.21 percentage points from the prior quarter.
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Analysis
Xpo (XPO) Operating Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Xpo was 8.77%, up 0.36 percentage points year-over-year; for FY2025, it was 8.04%, down 0.13 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +6.47 percentage points (FY2020 to FY2025).
- In prior years, Xpo's Operating Margin was 8.18% in FY2024 (+2.52 pp), 5.66% in FY2023 (+0.77 pp), 4.88% in FY2022 (+0.55 pp) and 4.33% in FY2021 (+2.76 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin in data going back to Q2 2010.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +0.56 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2023, with a gain of 5.92 percentage points; the weakest was Q4 2022, with a drop of 3.51 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 8.30% (Q1 2026), 7.11% (Q4 2025) and 7.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 40.25% |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 38.27% |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 4.07% |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 35.35% |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 32.44% |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 6.20% |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 7.20% |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 29.94% |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 6.20% |
| 10 | Xpo | 21.66 Bn | 20.48 Bn | - | 11.51% |
Historic Data
Download Data
Historic 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% |
API Access
Xpo Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=XPO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "XPO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=XPO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();