GXO Logistics, Inc.

gxo.com

What Do They Do?

Runs warehouses and handles distribution, order fulfillment and product returns for large corporations that outsource logistics work.

How Do They Make Money?

Customers pay for integrated logistics services under contracts: fixed charges cover warehouse, technology and equipment costs over the contract term, while variable charges depend on costs, units handled or hours worked. Billing follows the contract's approved payment terms.

revenue

Segment	Share	How money arrives
Omnichannel retail Recurring	49% FY2022: 41%	Recurring
Technology and consumer electronics Recurring	12% FY2022: 15%	Recurring
Industrial and manufacturing Recurring	12% FY2022: 12%	Recurring
Food and beverage Recurring	10% FY2022: 15%	Recurring
Consumer packaged goods Recurring	9.6% FY2022: 10%	Recurring
Other Recurring	7.3% FY2022: 7.7%	Recurring

Who Are Their Customers?

Large multinationals and global brands contract directly with GXO for outsourced warehousing, distribution and other logistics services, mainly in North America and Europe.

Do Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025

2% of revenue

▲ +12% vs FY2024 ($218M, 2%)

Net income, FY2025

0% of revenue

▼ −76% vs FY2024 ($134M, 1%)

Free cash flow, FY2025

1% of revenue

▼ −42% vs FY2024 ($190M, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +4%; vs $3.3B in Q2 FY2025
Net income: ▼ −4%; vs $26M in Q2 FY2025

E-Commerce, Omnichannel and Consumer Technology share of revenue vs 49.3% in Q2 FY2025

Aug 4, 2026 GXO updates full-year guidance It set organic revenue growth at 4% to 5% and narrowed its adjusted EBITDA and adjusted EPS ranges.
Mar 6, 2026 GXO appoints a new chief financial officer Mark Suchinski's appointment took effect April 1, 2026.

Growing. Revenue grew 66% in 4 years, from $7.9B in FY2021 to $13.2B in FY2025, about 14% a year.

Revenue over time

Omnichannel retail Technology and consumer electronics Industrial and manufacturing Food and beverage Consumer packaged goods Other

$20B$10B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with CEVA Logistics, DHL Group, DSV, GEODIS, ID Logistics Group, Kuehne + Nagel, and Ryder System

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