GXO Logistics, Inc.

GXO

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

11,709

Cost of Revenue

9,853

Gross Profit

1,856

Gross Margin

15.9%

Operating Income

218

Operating Margin

1.9%

Net Income

134

Net Margin

1.1%

EPS (Basic)

$1.12

EPS (Diluted)

$1.12

EBITDA

816

EBITDA Margin

7.0%

2023

12/31/2023

Revenue

9,778

Cost of Revenue

8,396

Gross Profit

1,382

Gross Margin

14.1%

Operating Income

318

Operating Margin

3.3%

Net Income

229

Net Margin

2.3%

EPS (Basic)

$1.93

EPS (Diluted)

$1.92

EBITDA

680

EBITDA Margin

7.0%

2022

12/31/2022

Revenue

8,993

Cost of Revenue

7,772

Gross Profit

1,221

Gross Margin

13.6%

Operating Income

386

Operating Margin

4.3%

Net Income

197

Net Margin

2.2%

EPS (Basic)

$1.68

EPS (Diluted)

$1.67

EBITDA

697

EBITDA Margin

7.8%

2021

12/31/2021

Revenue

7,940

Cost of Revenue

6,972

Gross Profit

968

Gross Margin

12.2%

Operating Income

277

Operating Margin

3.5%

Net Income

153

Net Margin

1.9%

EPS (Basic)

$1.33

EPS (Diluted)

$1.33

EBITDA

589

EBITDA Margin

7.4%

2020

12/31/2020

Revenue

6,195

Cost of Revenue

5,492

Gross Profit

703

Gross Margin

11.3%

Operating Income

Operating Margin

1.5%

Net Income

-22

Net Margin

-0.4%

EPS (Basic)

$-0.20

EPS (Diluted)

$-0.20

EBITDA

415

EBITDA Margin

6.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	11,709	9,778	8,993	7,940	6,195
Cost of Revenue	9,853	8,396	7,772	6,972	5,492
Gross Profit	1,856	1,382	1,221	968	703
Gross Margin	15.9%	14.1%	13.6%	12.2%	11.3%
Operating Income	218	318	386	277	94
Operating Margin	1.9%	3.3%	4.3%	3.5%	1.5%
Net Income	134	229	197	153	-22
Net Margin	1.1%	2.3%	2.2%	1.9%	-0.4%
EPS (Basic)	$1.12	$1.93	$1.68	$1.33	$-0.20
EPS (Diluted)	$1.12	$1.92	$1.67	$1.33	$-0.20
EBITDA	816	680	697	589	415
EBITDA Margin	7.0%	7.0%	7.8%	7.4%	6.7%