GXO Logistics kicked off 2026 with sturdy top-line development and improved profitability, as demand for outsourced logistics and automation-driven warehousing continued to speed up.
The corporate reported first quarter income of $3.3 billion, up 10.8% 12 months over 12 months, after the market closed on Tuesday.
CEO Patrick Kelleher stated GXO is seeing momentum construct throughout its industrial pipeline, which reached a report $2.7 billion, with about 40% tied to strategic development sectors.
“2026 is off to a powerful begin,” Kelleher stated, noting the corporate is leaning into AI, automation and robotics to drive effectivity and win new contracts.
Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is without doubt one of the largest pure-play contract logistics suppliers on this planet. It has greater than 970 amenities totaling roughly 200 million sq. toes, with a world workforce of greater than 130,000 individuals.
GXO swung again to profitability throughout the quarter, reporting internet revenue of $5 million, in comparison with a $95 million loss a 12 months earlier.
Adjusted EBITDA rose to $200 million, up from $163 million final 12 months, whereas adjusted EPS elevated to 50 cents from 29 cents.
The outcomes topped Wall Road expectations, which forecasted for earnings of 26 cents per share and high line income of $2.91 billion.
Income development was supported by each natural beneficial properties and continued outsourcing traits amongst giant shippers. Natural income elevated 4.1% 12 months over 12 months, signaling regular underlying demand regardless of macro uncertainty.
By geography, GXO continues to see power in Europe, significantly the U.Okay., which generated the biggest share of income at $1.6 billion, adopted by the U.S. at $751 million.
Trade-wise, omnichannel retail remained the biggest section, contributing $1.56 billion, highlighting continued e-commerce success demand.
Outlook raised on sturdy begin
GXO raised its full-year 2026 steering following the stronger-than-expected quarter. The corporate now expects:
- Natural income development: 4%–5%
- Adjusted EBITDA: $935M–$975M
- Adjusted EPS: $2.90–$3.20
The up to date outlook displays confidence in sustained demand, significantly in automation-enabled logistics options and contract outsourcing.
GXO will maintain a convention name with analysts to debate first quarter outcomes at 8:30 a.m. on Wednesday.
| GXO Logistics | Q1 2026 | YoY % Change |
|---|---|---|
| Whole Income | $3.3B | +10.8% |
| Adjusted EBITDA | $200M | +22.7% |
| Internet Revenue | $5M | Improved from -$95M |
| Adjusted EPS | $0.50 | +72% |
GXO’s key first quarter key monetary outcomes.
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