GXO Logistics, Inc., together with its associated entities, delivers a full range of logistics solutions globally. The company's services include warehousing, distribution, ...
GXO Logistics, Inc. is a multinational contract logistics company headquartered in Greenwich, Connecticut, spun off from XPO Logistics in 2021. It is the world's largest pure-play contract logistics provider. The company designs, manages, and optimizes supply chains for leading companies across e-commerce, omnichannel retail, consumer technology, food and beverage, industrial ...GXO Logistics, Inc. is a multinational contract logistics company headquartered in Greenwich, Connecticut, spun off from XPO Logistics in 2021. It is the world's largest pure-play contract logistics provider. The company designs, manages, and optimizes supply chains for leading companies across e-commerce, omnichannel retail, consumer technology, food and beverage, industrial manufacturing, and consumer packaged goods. GXO's services include warehousing and distribution, order fulfillment, e-commerce support, and reverse logistics, with a focus on technology-driven innovation. Key products include GXO IQ, an AI-driven operating system built on Google Cloud and Snowflake, and GXO Direct, a solution enabling one-day delivery. The company has approximately 153,232 employees worldwide and operates 1,030 facilities. Financially, in 2024, GXO reported revenue of $11.7 billion, operating income of $218 million, and net income of $138 million. Key people include non-executive chairman Brad Jacobs, CEO Patrick Kelleher (effective August 19, 2025), and CFO Mark Suchinski. GXO is committed to leveraging advanced technology and data analytics to improve supply chain efficiency, reduce costs, and enhance customer satisfaction. The company emphasizes sustainability and innovation, with a focus on continuous improvement and customer-centric solutions. Its enterprise value is approximately $10.9 billion, and it trades on the NYSE under the symbol GXO.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$13.2B
+12.5%
+4.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$32.0M
-76.1%
+525.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+11.6%
-5.6%
+29.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.2%
+73.2%
-6.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+0.2%
-78.8%
+499.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$110.0M
-42.1%
+132.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.8%
-48.6%
+131.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
264.8%
+53.6%
+2.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.85x
+2.5%
-7.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to the GXO Second Quarter 2026 Earnings Conference Call and Webcast. My name is Paul, and I'll be your operator for today's call. [Operator Instructions] Please note that this conference is being recorded. Before the call begins, let me read a brief statement on behalf of the company regarding forward-looking statements, the use of non-GAAP financial measures and the company's guidance. During this call, the company will be making forward-looking statements within the meaning of applicable securities laws, which, by their nature, involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those projected in the forward-looking statements. A discussion of factors that could cause actual results to differ materially is contained in the company's SEC filings. The forward-looking statements in the company's earnings release or made on this call are made only as of today, and the company has no obligation to update any of these forward-looking statements, except to the extent required by law. The company may also refer to non-GAAP financial measures as defined under applicable SEC rules during this call. Reconciliations of such non-GAAP financial measures to the most comparable GAAP measures are contained in the company's earnings release and the related financial tables are on its website. Unless otherwise stated, all results reported on this call are reported in United States dollars. The company will also remind you that its guidance incorporates business trends to date and what it believes today to be appropriate assumptions. The company's results are inherently unpredictable and may be materially affected by many factors, including fluctuations in foreign exchange rates, changes in global economic conditions and consumer demand and spending, labor market and global supply chain constraints, inflationary pressures and the various factors detailed in its filings with the SEC. It is not possible for the company to actually predict demand for its services, and therefore, actual results could differ materially from guidance. You can find a copy of the company's earnings release, which contains additional important information regarding forward-looking statements and non-GAAP financial measures in the Investors section of the company website. I will now turn the call over to GXO's Chief Executive Officer, Patrick Kelleher. Mr. Kelleher, you may begin.
Patrick Kelleher: Good morning, and thank you for joining our second quarter 2026 results call. Joining me today are Mark Suchinski, our Chief Financial Officer; and Kristine Kubacki, our Chief Strategy Officer. Before we get into the quarter, I'd like to acknowledge a special milestone. This week marks 5 years since GXO became an independent public company. Milestones are an opportunity to celebrate progress. They're also a reminder that every milestone is the beginning of a new chapter, one this team is exceptionally well …
