GXO returns to profit in Q1 2026 with $100M swing, boosted by real estate gain and FX

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Net income of $5M vs. $95M loss in Q1 2025, a $100M improvement driven by revenue growth, operating margin expansion (85.1% vs. 85.9%), and absence of prior-year $66M Italian VAT charge.

  MD&A: Profitability verify on EDGAR →
• high

  One-time $28M real estate gain from early lease termination boosted Q1 results, while $21M loss on divested grocery contracts partially offset; both items are non-recurring.

  MD&A: Operating Items verify on EDGAR →
• high

  Cash position strengthened to $794M (up from $288M) as restricted cash released following settlement of Italian VAT matter; revolver capacity remains solid at $793M.

  MD&A: Liquidity verify on EDGAR →