v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 3,441 $ 3,299 $ 6,739 $ 6,276
Direct operating expense 2,933 2,813 5,741 5,371
Selling, general and administrative expense 295 272 591 533
Depreciation and amortization expense 117 110 232 219
Transaction and integration costs 12 14 28 36
Restructuring costs and other 5 2 8 19
Regulatory matter 0 (1) 0 65
Net loss on divestiture of business 2 0 23 0
Operating income 77 89 116 33
Other income (expense), net 6 (10) 16 (15)
Interest expense, net (35) (36) (67) (68)
Income (loss) before income taxes 48 43 65 (50)
Income tax expense (21) (15) (33) (17)
Net income (loss) 27 28 32 (67)
Net income attributable to noncontrolling interests (“NCI”) (2) (2) (3) (3)
Net income (loss) attributable to GXO $ 25 $ 26 $ 29 $ (70)
Earnings (loss) per share        
Basic (in dollars per share) $ 0.22 $ 0.23 $ 0.25 $ (0.60)
Diluted (in dollars per share) $ 0.22 $ 0.23 $ 0.25 $ (0.60)
Weighted-average shares outstanding used in computation of earnings (loss) per share        
Basic (in shares) 115,013 114,812 114,862 116,890
Diluted (in shares) 115,718 115,055 115,780 116,890