GXO Logistics reported record quarterly revenue of $3.4 billion, up 8% year over year, with organic revenue growth of 4%. The company also signed new business wins of $280 million, a 24% increase from last year. GXO's adjusted EBITDA was $251 million, beating expectations and reaffirming full-year guidance.
Logistics Company Reports Record Revenue Growth
GXO Logistics, Inc. (NYSE: GXO), a leading player in the logistics industry, has announced record quarterly revenue of $3.4 billion, up 8% year over year, with organic revenue growth of 4%. The company's third-quarter results exceeded expectations, driven by strong demand for its services and successful integration of recent acquisitions.
Record Revenue and New Business Wins
GXO reported a record quarterly revenue of $3.4 billion, up 8% year over year, with organic revenue growth of 4%. The company also signed new business wins of $280 million, up 24% year over year, demonstrating its ability to attract and retain customers in a competitive market.
"We delivered record revenue in the third quarter, as well as double-digit adjusted EBITDA growth, underscoring the strength and resilience of GXO's business model," said Patrick Kelleher, chief executive officer of GXO. "New business wins rose 24% year over year, and our commercial pipeline, which stands strong at $2.3 billion, is geographically diversified and scaling in high-growth sectors."
Financial Highlights
GXO's financial highlights for the third quarter include:
- Net income of $60 million, compared with $35 million for the third quarter 2024.
- Diluted earnings per share ("EPS") was $0.51, compared with $0.28 for the third quarter 2024.
- Adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") was $251 million, compared with $223 million for the third quarter 2024.
- Adjusted diluted EPS was $0.79, compared with $0.79 for the third quarter 2024.
Cash Flow and Debt
GXO generated $232 million of cash flow from operations, compared with $198 million for the third quarter 2024. The company also generated $187 million of free cash flow, compared with $110 million for the third quarter 2024.
As of September 30, 2025, GXO's cash and cash equivalents (excluding restricted cash), total debt outstanding, and net debt were $339 million, $2.7 billion, and $2.4 billion, respectively.
GXO reaffirmed its full-year 2025 guidance as follows:
- Organic revenue growth of 3.5% to 6.5%
- Adjusted EBITDA of $865 million to $885 million
- Adjusted diluted EPS of $2.43 to $2.63
- Adjusted EBITDA to free cash flow conversion of 25% to 35%
GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation, and outsourcing.