The company reported $3.4 billion in revenue for the quarter, up 4.3% from a year earlier. Organic revenue increased 3.4%, with growth reported across all three of GXO’s major geographic regions.
CEO Patrick Kelleher said the company’s recent performance is being driven by a stronger commercial strategy, improved operational execution through its “GXO Way” operating model, and continued investment in artificial intelligence and next-generation automation through the GXO IQ platform.
North America has been one of GXO’s strongest growth areas. According to Kelleher, new business wins in the region during the first half of 2026 were 85% higher than during the same period last year.
GXO Logistics, headquartered in Greenwich, Connecticut, is one of the world’s largest companies focused exclusively on contract logistics. The company operates more than 970 facilities covering roughly 200 million square feet and employs more than 130,000 people worldwide.
During the second quarter, GXO secured approximately $410 million in new business, representing a 34% increase compared with the same quarter last year. It was also the company’s strongest quarterly commercial performance in three years.
About 40% of those new contracts came from customers in aerospace and defense, technology, industrial operations and life sciences.
Adjusted EBITDA reached $219 million during the quarter, up from $212 million in Q2 2025. Adjusted diluted earnings per share increased to 59 cents from 57 cents a year earlier.
On a GAAP basis, GXO reported net income of $27 million, slightly below the $28 million reported during the same period last year. Diluted earnings per share came in at 22 cents, compared with 23 cents in Q2 2025.
The company also posted a major improvement in cash generation.
Operating cash flow climbed to $76 million from just $3 million during the second quarter of 2025. Free cash flow improved to $12 million, compared with negative $43 million a year earlier.
GXO said it has already secured approximately $1 billion in incremental revenue for 2026, a 29% increase year over year. The company has also secured another $353 million in incremental revenue for 2027.
Its commercial sales pipeline continues to expand as well. GXO said the pipeline increased from $2.3 billion at the end of the second quarter to approximately $2.7 billion in July, giving the company additional visibility into future business opportunities.
GXO maintained the midpoint of its full-year 2026 financial outlook.
The company currently expects:
- Organic revenue growth between 4% and 5%
- Adjusted EBITDA between $945 million and $965 million
- Adjusted diluted earnings per share between $2.95 and $3.15
- Free cash flow conversion between 30% and 40%
GXO is scheduled to hold a conference call with analysts at 8:30 a.m. EST Wednesday.
GXO Q2 2026 financial highlights
| Metric | Q2 2026 | Q2 2025 | Year-over-year change |
|---|---|---|---|
| Total revenue | $3.4 billion | $3.3 billion | +4.3% |
| Net income | $27 million | $28 million | -4% |
| Adjusted EBITDA | $219 million | $212 million | +3.3% |
| Adjusted diluted EPS | $0.59 | $0.57 | +3.5% |