XPO Logistics, Inc. Earnings Recaps
Q3 2025
Oct 31, 2025
XPO delivered robust Q3 2025 results with adjusted EBITDA of $342 million and adjusted diluted EPS of $1.07, highlighting strong operational execution and margin expansion despite a challenging market.
Key takeaways
- Adjusted EBITDA increased by 6% year-over-year, while adjusted diluted EPS grew by 11%, exceeding market expectations.
- North American LTL adjusted operating income rose 10% to $217 million, accompanied by a 150 basis point improvement in the adjusted operating ratio to 82.7%.
- Yield growth excluding fuel achieved 5.9% year-over-year, driven by enhanced service quality and a richer mix of local and premium accounts.
- Productivity improvements through AI initiatives led to a significant reduction in maintenance costs per mile and a decrease in outsourced miles to 5.9%, the lowest in company history.
- The integration of advanced technology with a high-performing network positions XPO for continued margin outperformance and long-term shareholder value creation.