GXO Revenue Jumps 16% as Profit Slides in Q2
Organic Growth Highest in Nine Quarters on $3.3 Billion Sales
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reported a 16% during the second quarter of 2025, the company announced Aug. 5.
The Greenwich, Conn.-based contract logistics firm posted net income of $28 million, or 23 cents a diluted share, for the three months ending June 30. That compared with $39 million, or 32 cents, during the same time the previous year. Total revenue increased to $3.3 billion from $2.85 billion. That also accounted for its highest organic revenue growth in nine quarters.
“We’re pleased to have built on our momentum from the first quarter and delivered a great second quarter,” CEO Malcolm Wilson said during a call with investors July 1. “Our new business wins for the first half of the year totaled over half a billion dollars. We delivered record revenue of $3.3 billion and $212 million of adjusted EBITDA [earnings before interest, taxes, depreciation, and amortization], up 13% year over year.”
Wilson highlighted that the company saw new business wins increase 13% year over year to $307 million during the quarter. He also is optimistic the company will soon be able to unlock additional growth opportunities now that the acquisition of Wincanton has received final regulatory approval in the United Kingdom.
“This will unlock growth opportunities in the industrial and aerospace markets for GXO across Europe. The GXO and Wincanton teams are already collaborating on a range of strategic customer tenders across both the aerospace and defense verticals. We’ll be kicking off the integration of the two companies in the coming weeks.”
Wilson also noted that company leadership is in the process of finalizing a nearly 20-year expansion with one of their larger retail customers. GXO also recently renewed or expanded deals with two of its top customers into multiyear agreements across multiple geographies.
“These long-term global partnerships speak volumes about the value we create for our customers, and our ability to solve complex challenges, when they need it most,” Wilson said. “GXO remains the market leader in automated fulfillment. We’ve more than doubled the number of robots deployed in our operations over the past four years.”
GXO just released our second quarter 2025 results: — GXO (@GXOLogistics)
GXO was founded as a pure-play contract logistics provider that started as a business unit within XPO Logistics. But the company was separated into its own publicly traded entity Aug. 2, 2021.
“This week marks GXO’s fourth anniversary since we became a publicly traded company, and it’s worth putting our accomplishments in context,” Wilson said. “In the four years since the spin, we signed nearly $4.5 billion of new customer contracts, undertaken three very successful acquisitions and nearly doubled the size of the business, all while remaining an investment- grade balance sheet company. Our customer satisfaction scores are at an all-time high.”
GXO announced during the quarter that Patrick Kelleher will take over as CEO on Aug. 19. The earnings report came with an additional leadership change. Baris Oran plans to step down from his role as chief financial officer to pursue new opportunities. He is planning to remain in his role until a successor is named.
“I’ve deeply appreciated Baris’ partnership over the past four years,” Wilson said. “He has been dedicated, not only to the performance of the company, but to our customers and our people. He’s been instrumental in instilling capital and cost discipline while maintaining strong momentum on new business wins.”
Revenue by Segment
• Omnichannel retail vertical increased 23.6% to $1.63 billion from $1.32 billion in the 2024 period.
• Technology and consumer electronics increased 10.7% to $402 million from $363 million.
• Industrial and manufacturing climbed 21.8% to $403 million from $331 million.
• Food and beverage increased 10.1% to $359 million from $326 million.
• Consumer packaged goods was unchanged at $290 million.
TD Cowen noted in a report that the quarterly results were able to beat its own expectations due to strong organic growth. This organic growth of 6% was driven by strength in omnichannel retail and high-tech verticals, more so due to volumes since pricing held steady. The report also highlighted how efforts during the quarter to repurchase shares helped to support EPS.
“GXO came in above our forecast and consensus expectations in 2Q as core business trends accelerated and Wincanton synergies set up for incremental margin growth in 2H,” TD Cowen analyst Jason Seidl wrote. “GXO expects a normal peak season. Management announced CFO departure, widening the C-suite refresh, which was unexpected.”
GXO ranks No. 3 on the Transport Topics Top 100 list of the largest logistics companies in North America.
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