RXO (RXO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and RXO published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. RXO 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.

• On October 4, 2026 RXO agreed to be acquired by C.H. Robinson in a stock-and-cash transaction with an implied value of approximately $5.8 billion as of the announcement. RXO stockholders would receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share. RXO expects the deal to close in the first half of 2027.
• Because of the pending transaction, RXO did not give an outlook and did not host an earnings call for Q3 2026.

Source: RXO Q3 2026 results, October 29, 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 RXO 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.

• RXO's Truck brokerage revenue was $1.4 billion in Q3 2026, up 38% from $1.0 billion in Q3 2025, 77% of total revenue.
• RXO's Last mile revenue was $334 million in Q3 2026, up 10% from $305 million in Q3 2025, 18% of total revenue.
• RXO's Managed transportation revenue was $163 million in Q3 2026, up 19% from $137 million in Q3 2025, 9% 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.

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

GAAP revenue and diluted earnings (loss) per share, each as first reported in that quarter's release.

We do not hold a confirmed date for RXO'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 Oct 29, 2026

RXO reported Q3 2026 revenue of $1,871 million, up $450 million, or 31.7%, from $1,421 million. Truck brokerage revenue was $1,433 million, against $1,039 million, and complementary services, which are last mile and managed transportation, were $497 million before $59 million of eliminations. (RXO Q3 2026 release, Oct 29, 2026; RXO Form 10-Q, Q3 2026, Oct 29, 2026)

Pricing, more than volume, drove the increase. RXO said truck brokerage revenue rose $394 million, primarily because revenue per load increased 48% on higher freight rates and fuel prices, while load volume rose 2%. Truckload spot mix was 51% of volume, against 29% a year earlier and 42% in Q2 2026, and truckload volume rose 3%. (RXO Form 10-Q, Q3 2026, Oct 29, 2026; RXO Q3 2026 release, Oct 29, 2026)

Last mile revenue rose $29 million to $334 million on a 5% increase in volume and a 4% increase in rates. Managed transportation revenue rose $26 million to $163 million, mainly from higher freight forwarding revenue per load and more managed expedite volume, and the business was awarded approximately $140 million of freight under management in the quarter. (RXO Form 10-Q, Q3 2026, Oct 29, 2026; RXO Q3 2026 release, Oct 29, 2026)

RXO's customer base spans retail and e-commerce, food and beverage, industrial and manufacturing, logistics and transportation, and automotive. In 2025 its top five customers accounted for approximately 23% of revenue and its largest customer for approximately 11.4%, or about $653 million. (RXO Form 10-K, 2025, Feb 9, 2026)

RXO reported GAAP diluted EPS of $0.02 in Q3 2026, against a loss of $0.08 a year earlier, on net income of $3 million against a net loss of $14 million. Adjusted diluted EPS was $0.09, against $0.01. The adjusted figure excludes $10 million of intangible amortization, $1 million of transaction and integration costs and $6 million of restructuring and other costs, net of $4 million of related tax; RXO said these items reduced GAAP EPS by $0.07. (RXO Q3 2026 release, Oct 29, 2026)

Gross margin fell to 14.6% from 16.5%. Truck brokerage gross margin was 12.6%, against 13.5%, which RXO tied to a tight market with capacity exiting, driven primarily by regulatory changes and enforcement, so that buy rates rose faster than its contractual sell rates. Complementary services gross margin was 18.7%, against 21.3%. Adjusted EBITDA rose to $51 million from $32 million. (RXO Q3 2026 release, Oct 29, 2026; RXO Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted weighted-average shares were 172,006 thousand. Net interest expense was $10 million, and at September 30, 2026 RXO had $461 million of long-term debt and finance lease obligations and $25 million of cash. (RXO Q3 2026 release, Oct 29, 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.

RXO did not publish an outlook in its Q3 2026 release and did not host an earnings call, citing its pending acquisition by C.H. Robinson. The release said Q3 profit exceeded RXO's earlier outlook, primarily because of Brokerage. (RXO Q3 2026 release, Oct 29, 2026)

Under the merger agreement, signed October 4, 2026, RXO stockholders can elect $17.25 in cash plus 0.0856 C.H. Robinson shares, $30.25 in cash, or 0.1992 C.H. Robinson shares per RXO share, subject to proration. The deal needs RXO stockholder and regulatory approval, and RXO would owe a termination fee of $175 million in specified circumstances. (RXO Form 10-Q, Q3 2026, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover RXO, 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 RXO'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 RXO is on is RXO a buy or a sell?, what analysts expect next is on the RXO forecast, and what the company does is on the RXO (RXO) stock page.

Every number on this page can be traced to a document RXO 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.