GXO Logistics (GXO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and GXO Logistics published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. GXO Logistics reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GXO reports one segment. The table shows revenue by country, as GXO discloses it in the release.
• In September 2026 GXO completed the divestment of certain U.K. grocery contracts that the U.K. Competition and Markets Authority required as a condition of approving the Wincanton acquisition, paying $38 million in cash.

Source: GXO Logistics Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How GXO Logistics splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• GXO Logistics's United Kingdom revenue was $1.8 billion in Q3 2026, up 8% from $1.6 billion in Q3 2025, 49% of total revenue.
• GXO Logistics's United States revenue was $846 million in Q3 2026, up 6% from $801 million in Q3 2025, 24% of total revenue.
• GXO Logistics's Netherlands revenue was $263 million in Q3 2026, down 4% from $275 million in Q3 2025, 7% of total revenue.
• GXO Logistics's France revenue was $216 million in Q3 2026, up 3% from $210 million in Q3 2025, 6% of total revenue.
• GXO Logistics's Spain revenue was $184 million in Q3 2026, up 8% from $170 million in Q3 2025, 5% of total revenue.
• GXO Logistics's Italy revenue was $111 million in Q3 2026, up 8% from $103 million in Q3 2025, 3% of total revenue.
• GXO Logistics's Other revenue was $219 million in Q3 2026, up 5% from $208 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

GXO Logistics reaffirmed this guidance in its Q3 2026 release. The quotes come from its results presentation, filed with the SEC the same day.

In its Q3 2026 release, GXO Logistics said:

“Organic revenue growth 4%-5%”

“Adjusted EBITDA $945-$965 million”

“Adjusted diluted EPS $2.95-$3.15”

“Free cash flow conversion 30%-40%”

Source: GXO Q3 2026 results presentation, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the GXO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for GXO Logistics's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

GXO Logistics reported Q3 2026 revenue of $3,590 million, up 5.7% from $3,395 million. Currency moves cut revenue by $22 million, so organic revenue grew 6.4%, which GXO called its highest organic growth in more than three years. GXO said growth was broad-based across regions and came from new business wins and more activity with existing customers, including technology and data centers, aerospace and defense, industrials and life sciences. (GXO Q3 2026 release, Nov 3, 2026; GXO Form 10-Q, Q3 2026, Nov 4, 2026)

GXO is weighted to the U.K. The United Kingdom contributed $1,751 million, about 48.8% of revenue, and the United States $846 million. The Netherlands ($263 million), France ($216 million), Spain ($184 million) and Italy ($111 million) make up most of the rest. GXO manages the business as three operating segments, Americas and Asia-Pacific, United Kingdom and Ireland, and Continental Europe, and reports them as one. (GXO Q3 2026 release, Nov 3, 2026; GXO Form 10-K, 2025, Feb 25, 2026)

By customer industry, omnichannel retail is the largest vertical at $1,689 million, against $1,645 million a year earlier. Technology and consumer electronics rose to $498 million from $420 million, industrial and manufacturing was $405 million, food and beverage fell to $351 million from $371 million, and consumer packaged goods was $333 million. (GXO Q3 2026 release, Nov 3, 2026)

Most GXO contracts are long-term and mix a fixed component, meant to cover warehouse, technology and equipment costs, with a variable one tied to volumes and labor. Some are fixed-price (closed book or hybrid) and some cost-plus (open book), and GXO's warehouse leases generally match contract length. (GXO Form 10-K, 2025, Feb 25, 2026)

New business wins were $375 million in the quarter, up 34%, and more than $1 billion year to date, with about 40% of year-to-date wins in aerospace and defense, technology, industrial and life sciences. GXO put its sales pipeline at a record $3.1 billion, up more than 30%. (GXO Q3 2026 release, Nov 3, 2026)

GXO Logistics' GAAP diluted EPS was $0.56 in Q3 2026, against adjusted diluted EPS of $0.89. Adjusted net income of $102 million adds back $27 million of amortization of acquired intangibles, $26 million of transaction and integration costs, $3 million of restructuring and a $1 million loss on the Wincanton Divestment, less a $2 million unrealized currency gain and $17 million of related tax. (GXO Q3 2026 release, Nov 3, 2026)

The Wincanton Divestment covers U.K. grocery contracts that GXO had to sell for the Competition and Markets Authority to approve its Wincanton acquisition. GXO wrote down $37 million in the fourth quarter of 2025, recorded $24 million of further impairment in the first nine months of 2026, and completed the sale in September 2026. The effective tax rate fell to 10.2% from 31.2%, which GXO attributed mainly to tax benefits from the divestment and higher deferred tax benefits. (GXO Form 10-Q, Q3 2026, Nov 4, 2026)

GXO repurchased $84 million of stock in the quarter and $100 million year to date, or 2.1 million shares at an average of $47.46, with $200 million left under its authorization. Diluted weighted average shares were 114,636 thousand, against 115,329 thousand a year earlier. (GXO Q3 2026 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

GXO Logistics gives a full-year outlook in its release and reaffirmed it with Q3 2026 results: organic revenue growth of 4% to 5%, adjusted EBITDA of $945 million to $965 million, adjusted diluted EPS of $2.95 to $3.15 and free cash flow conversion of 30% to 40%. The guidance is based on current foreign currency rates. (GXO Q3 2026 release, Nov 3, 2026)

Adjusted EBITDA for the first nine months of 2026 was $670 million and adjusted diluted EPS $1.98. GXO has scheduled an Investor Day on November 16, 2026, where it said it will discuss its long-term strategy and financial framework. (GXO Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover GXO Logistics, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones GXO Logistics's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning GXO is on is GXO a buy or a sell?, what analysts expect next is on the GXO forecast, and what the company does is on the GXO Logistics (GXO) stock page.

Every number on this page can be traced to a document GXO Logistics published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.