XPO Posts Adjusted Earnings of $1.70 a Share in Third Quarter as Revenue Rises Year Over Year
Key Facts
XPO reported adjusted diluted earnings of $1.70 a share in the third quarter of 2026, compared with $1.07 in the same period of 2025, according to the company’s results. Revenue was $2.37 billion, versus $2.11 billion a year earlier. Earnings per share exceeded the estimate of $1.58 cited in a Reuters report published by Investing.com before the results were announced. Revenue, however, came in below the $2.38 billion estimate, presenting a mixed picture of earnings growth and a slight sales miss. Avery Dennison shares closed at $180.7 on October 28, according to EL7 data, while the company appeared in the story’s headline without documented quarterly details from its publicly available official release.
The year-over-year comparison shows improvement in XPO’s earnings and revenue, with adjusted earnings per share rising from $1.07 to $1.70 and revenue increasing from $2.11 billion to $2.37 billion. Net income was $181 million for the quarter, compared with $82 million in the same period of 2025. Adjusted EBITDA reached $433 million, versus $342 million a year earlier. These figures place growth in net income and adjusted operating earnings alongside higher revenue, while the gap between estimated and actual revenue remains limited based on the comparison cited before the announcement. The results available here did not include a corresponding market estimate for net income or adjusted EBITDA.
Chief Executive Mario Harik said adjusted EBITDA growth accelerated to 27% year over year and adjusted diluted earnings per share rose 59%. Harik attributed the improvement to revenue growth and wider margins, linking increased activity with improved profitability. These rates provide context for the quarterly figures, as adjusted EBITDA rose to $433 million and net income to $181 million. The CEO’s comments came as he described the company’s performance during the quarter; the available materials did not provide a numerical breakdown of each factor’s contribution. Revenue growth and wider margins therefore remain the drivers Harik identified for the increase.
In North American less-than-truckload operations, yield excluding fuel rose 3.6% year over year in the third quarter. Daily shipments increased 5.8%, while daily tonnage rose 5.0% from the same period a year earlier. The indicators combine higher yield with growth in freight volumes, consistent with the company’s statement that revenue growth and wider margins supported profitability. Shipment and tonnage growth provide a picture of daily activity in the segment, while the yield measure excludes the effect of fuel under the company’s definition. The figures provided do not offer further detail on how the changes were distributed across pricing, freight mix or regions within the North American market.
Analysts’ estimates before the announcement pointed to earnings of $1.58 a share and revenue of $2.38 billion in the third quarter, according to Reuters coverage via Investing.com. XPO therefore reported earnings above the estimate, while revenue came in slightly below it, based on a comparison of the forecasts with the published results. This differs from the year-over-year comparison, which showed revenue rising from $2.11 billion and earnings from $1.07 a share in the third quarter of 2025. In the market, Avery Dennison shares closed at $180.7 on October 28, according to EL7 data. The available evidence does not include XPO’s share-price movement after the announcement or a specific later date from the company, nor does it include documented quarterly details for Avery Dennison that would allow a similar comparison.