XPO XPO margins

Relative Growth: Rel. Growth: 76

Relative Strength: Rel. Strength: 64

Relative Valuation: Rel. Valuation: 48

Relative Profitability: Rel. Profitability: 81

Gross margin

60.1%

Operating margin

9.9%

EBITDA margin

16%

Net margin

5.7%

For this period, XPO reports a gross margin of 60.1%, an operating margin of 9.9%, an EBITDA margin of 16%, and a net margin of 5.7%. The strongest positive change was in operating margin, higher by 1.7 percentage points. The strongest negative change was in gross margin, lower by 0.2 percentage points.

XPO margin history

Gross, operating, EBITDA and net margin trends

XPO's margins averaged 59.23% gross, 7.99% operating, 14.18% EBITDA, and 4.27% net during the last 3 years. Currently all four current margins are above their three-year averages.

XPO margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 1.7 percentage points, and EBITDA margin also expanded by 1.4 percentage points and net margin also expanded by 1.6 percentage points, while gross margin contracted by 0.2 percentage points.

Gross margin expansion

-0.2pp

Operating margin expansion

1.7pp

EBITDA margin expansion

1.4pp

Net margin expansion

1.6pp

XPO Gross margin

Over the last 3 years, the average gross margin for XPO was 59.23%. The current gross margin of 60.1% is 0.9 percentage points above its three-year average. XPO's gross margin ranged from a low of 56.3% in Dec 2023 to a high of 60.4% in Mar 2026.

XPO Operating margin

XPO's operating margin averaged 7.99% across the past 3 years. Compared with its three-year average, XPO's current operating margin is 9.9% and is 1.9 percentage points above its three-year average. Over the last 3 years, XPO's operating margin peaked at 9.9% in Sep 2026 and reached a low of 5.7% in Dec 2023.

XPO EBITDA margin

XPO's EBITDA margin averaged 14.18% over the last 3 years. Compared with its three-year average, XPO's current EBITDA margin is 16% and is 1.8 percentage points above its three-year average. Over the last 3 years, XPO's EBITDA margin peaked at 16% in Sep 2026 and reached a low of 11.1% in Dec 2023.

XPO Net margin

Over the last 3 years, the average net margin for XPO was 4.27%. The latest net margin for XPO is 5.7%, 1.4 percentage points above its three-year average. XPO's net margin ranged from a low of 2.4% in Dec 2023 to a high of 5.7% in Sep 2026.

XPO margin group comparison

Margins compared with peer-group, industry and sector averages

XPO's gross margin of 60.1% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 32.5%, XPO's gross margin is 85% higher.

XPO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is XPO's gross margin?

The current gross margin for XPO is 60.1% as of Sep 30, 2026.

What is XPO's operating margin?

As of Sep 30, 2026, XPO has an operating margin of 9.9%.

What is XPO's EBITDA margin?

The current EBITDA margin for XPO is 16% as of Sep 30, 2026.

What is XPO's net margin?

The current net margin for XPO is 5.7% as of Sep 30, 2026.

What are the average margins of XPO?

Looking back over 3 years, XPO recorded average margins of 59.2% gross, 8.0% operating, 14.2% EBITDA, and 4.3% net.

What are the highest historical margins of XPO?

Over this 5-year history, XPO peaked at 138% gross in Sep 2022, 9.9% operating in Sep 2026, 37.2% EBITDA in Sep 2022, and 24.2% net in Sep 2022.

What are the lowest historical margins of XPO?

Over this 5-year history, XPO's margins fell as low as 52.4% gross in Dec 2021, 3.9% operating in Mar 2022, 8.8% EBITDA in Sep 2023, and 0.5% net in Sep 2023.