Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Q4 2025 Earnings Presentation
21 slides from Gxo Logistics's earnings presentation, Feb 11, 2026
Slide 1: Fourth quarter and full year 2025 results
February 10, 2026 Fourth quarter and full year 2025 results © GXO Logistics, Inc.
Slide 2: Disclaimer
Disclaimer Non-GAAP Financial Measures: As required by the rules of the Securities and Exchange Commission (“SEC”), we provide reconciliations of the non-GAAP financial measures contained in this presentation to the most directly comparable measure under GAAP, which are set forth in the financial ta
Slide 3: Presenters
Presenters Patrick Kelleher Baris Oran Kristine Kubacki Chief Executive Officer Chief Financial Officer Chief Strategy Officer © GXO Logistics, Inc. 3
Slide 4: GXO is building the supply chain of the future
GXO is building the supply chain of the future. We design and operate the most technologically advanced logistics solutions in the world. © ©GXO GXOLogistics, Logistics,Inc. Inc. 4
Slide 5: Our value creation framework
Our value creation framework Outsized growth driven 1 by secular tailwinds 4 Customer-centric culture 2 Global scale 5 Effective capital allocation Leadership in technology Compelling financial profile 3 and automation 6 and long-term growth algorithm © ©GXO GXOLogistics, Logistics,Inc. Inc. 5
Slide 6: 4Q 2025 executive summary
4Q 2025 executive summary Record revenue and adjusted EBITDA(1) in 4Q and FY 2025 Accelerated expansion in strategic growth verticals, $1.1 billion of new business wins in 2025(2) Wincanton integration on track to deliver full run-rate about $60 million synergies by end of 2026 2026 mid-point guidan
Slide 7: 4Q 2025 financial highlights
4Q 2025 financial highlights Key highlights Organic Revenue $3.5 billion revenue(1) up 3.5% • Record revenue of $3.5 billion in 4Q 2025 Adjusted Net income $43 million EBITDA(1) $255 million • Delivered record adjusted EBITDA(1) in 4Q 2025 Operating Free cash • Signed new business wins of $248 cash
Slide 8: 4Q 2025 revenue growth
4Q 2025 revenue growth (In millions USD) 3.5% FX $3,507 7.9% $3,250 Organic(1) revenue growth 4Q 2024 Revenue Organic growth FX 4Q 2025 Revenue Year-over-year revenue growth in 4Q was 7.9%, of which 3.5% was organic(1) © GXO Logistics, Inc. (1) Refer to the ‘Non-GAAP Financial Measures’ section on s
Slide 9: 2025 wins and expansions
2025 wins and expansions © GXO Logistics, Inc. 9
Slide 10: New contract wins and outsourcing underpin long-term growth
New contract wins and outsourcing underpin long-term growth Expected incremental revenue contributions from FY 2025 contract wins by source(2) contracts won through 4Q 2025 $774 million(1) signed for 2026 34% 21% Won from Outsourcing competitors Sites previously Sites transferred operated by from ot
Slide 11: Strong cash flow and investment grade balance sheet
Strong cash flow and investment grade balance sheet 2025 cash flow and returns 4Q 2025 balance sheet Operating FY 2025 Total debt(1) cash flow $434 million $3,065 million Mostly fixed-rate borrowings Free cash FY 2025 Net debt(1,2) flow(2) Liquidity of $1,648 million $259 million $2,211 million avai
Slide 12: FY 2025 financial highlights
FY 2025 financial highlights Key highlights Organic Revenue $13.2 billion revenue(1) up 3.9% • Record revenue and adjusted EBITDA(1) Adjusted Net income $36 million EBITDA(1) $881 million • New business wins of $1.1 billion(2) Operating Free cash cash flow $434 million flow(1) $259 million • Wincant
Slide 13: FY 2026 guidance
FY 2026 guidance FY 2026 guidance(1) Organic revenue growth(2) 4% – 5% Adjusted EBITDA(2)(3) $930 – $970 million Adjusted diluted EPS(2) $2.85 – $3.15 Adjusted EBITDA to free cash flow conversion(2) 30% – 40% (1) Based on current FX rates. (2) Refer to the ‘Non-GAAP Financial Measures’ section on sl
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margins
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margins (Unaudited) Three months ended December 31, Year ended December 31, (In millions USD) 2025 2024 2025 2024 Net income attributable to GXO $ 43 $ 100 $ 32 $ 134 Net income attributable to noncontrolling int
Slide 16: Reconciliation of Net Income to Adjusted EBITA and Adjusted EBITA Margins
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted EBITA and Adjusted EBITA Margins (Unaudited) Three months ended December 31, Year ended December 31, (In millions USD) 2025 2024 2025 2024 Net income attributable to GXO $ 43 $ 100 $ 32 $ 134 Net income attributable to NCI — — 4 4 Net inco
Slide 17: Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings Per Share
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited) Three months ended December 31, Year ended December 31, (Dollars in millions, shares in thousands, except per share amounts) 2025 2024 2025 2024 Net income $ 43 $ 100 $ 36 $ 138 Net in
Slide 18: Other Reconciliations: Free Cash Flow
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of cash flows from operations to free cash flow: Three months ended December 31, Year ended December 31, (In millions USD) 2025 2024 2025 2024 Cash flows from operations(1) $ 170 $ 186 $ 434 $ 549 Capital expenditures (55) (104) (3
Slide 19: Other Reconciliations: Organic Revenue
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of revenue to organic revenue: Three months ended December 31, Year ended December 31, (In millions USD) 2025 2024 2025 2024 Revenue $ 3,507 $ 3,250 $ 13,178 $ 11,709 Revenue from acquired business(1) — — (655) — Foreign exchange r
Slide 20: Liquidity Reconciliations
GXO Logistics, Inc. Liquidity Reconciliations (Unaudited) Reconciliation of total debt and net debt: (In millions USD) December 31, 2025 Current debt $ 446 Long-term debt 2,619 Total debt(1) $ 3,065 Less: Cash and cash equivalents (excluding restricted cash) (854) Net debt(2) $ 2,211 Reconciliation
Slide 21: Return on Invested Capital
GXO Logistics, Inc. Return on Invested Capital (Unaudited) Adjusted EBITA, net of income taxes paid: Year ended (In millions USD) December 31, 2025 Adjusted EBITA(1) $ 543 Less: Cash paid for income taxes (59) Adjusted EBITA(1), net of income taxes paid $ 484 Return on invested capital: Year ended D