GXO Q2 revenue up 4.3% to $3.44B, but operating income falls 13% on higher costs

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Operating income fell 13% to $77M in Q2, reversing last year's 19% gain, as higher SG&A and restructuring costs offset lower transaction expenses.

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

  Six-month operating income swung from a $3M decline to an $83M increase, driven by the non-recurrence of a $65M regulatory charge and a $30M real estate benefit.

  MD&A: Six-month operating income verify on EDGAR →
• high

  A new $23M loss on divestiture of business was recorded in H1 2026, related to a further reduction in the estimated fair value of certain grocery contracts.

  MD&A: Divestiture loss verify on EDGAR →