Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Q1 2026 Earnings Presentation
21 slides from Gxo Logistics's earnings presentation, May 6, 2026
Slide 1: First quarter 2026 results
May 5, 2026 First quarter 2026 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 Mark Suchinski 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: 1Q 2026 executive summary
1Q 2026 executive summary Strong revenue growth, margin expansion and increased earnings Pipeline at record high of $2.7 billion Approximately 40% of new business wins were in strategic growth verticals Increased full-year guidance for adjusted EBITDA(1) and adjusted diluted EPS(1); with adjusted di
Slide 7: 1Q 2026 financial highlights
1Q 2026 financial highlights Organic Key highlights Revenue $3.3 billion revenue(1) up 4.1% • Revenue grew 10.8% to $3.3 billion in Adjusted 1Q 2026 Net income $5 million EBITDA(1) $200 million • Signed new business wins of $227 million in annualized revenue Operating Free cash during 1Q 2026(2) cas
Slide 8: 1Q 2026 revenue growth
1Q 2026 revenue growth (In millions USD) 4.1% FX $3,298 Organic(1) 10.8% $2,977 revenue growth 1Q 2025 Revenue Organic growth FX 1Q 2026 Revenue Year-over-year revenue growth in 1Q was 10.8%, of which 4.1% was organic(1) © GXO Logistics, Inc. (1) Refer to the ‘Non-GAAP Financial Measures’ section on
Slide 9: 1Q 2026 wins and expansions
1Q 2026 wins and expansions © GXO Logistics, Inc. 9
Slide 10: Pipeline momentum and sales diversification
Pipeline momentum and sales diversification Strategic Growth Sectors 25% In strategic growth sectors $2.7 billion Aerospace Industrials(2) total and Defense annualized revenue opportunity Technology and Data Life Sciences Centers 2025 TAM >$230 billion(3) Pipeline expanded to a record $2.7 billion(1
Slide 11: New contract wins and outsourcing underpin long-term growth
New contract wins and outsourcing underpin long-term growth Expected incremental revenue contributions from 1Q 2026 contract wins by source(2) contracts won through 1Q 2026 $870 million(1) signed for 2026 37% 37% Won from Outsourcing competitors Sites previously Sites transferred operated by from ot
Slide 12: Strong cash position and investment grade balance sheet
Strong cash position and investment grade balance sheet 1Q 2026 cash flow and returns 1Q 2026 balance sheet 1Q 2026 Total debt(2) Operating cash flow $31 million $3,109 million Mostly fixed-rate borrowings 1Q 2026 Net debt(1,2) Free cash Liquidity of $1,587 million flow(1) $(31) million $2,315 milli
Slide 13: FY 2026 updated guidance
FY 2026 updated guidance Current(1) Prior Organic revenue growth(2) 4% – 5% 4% – 5% Adjusted EBITDA(2)(3) $935 – $975 million $930 – $970 million Adjusted diluted EPS(2) $2.90 – $3.20 $2.85 – $3.15 Free cash flow conversion(2) 30% – 40% 30% – 40% (1) Based on current FX rates. (2) Refer to the ‘Non-
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Net Income to Adjusted EBITDA
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBITDA Margins (Unaudited) Year ended Trailing twelve Three months ended March 31, December 31, months ended (In millions USD) 2026 2025 2025 March 31, 2026 Net income (loss) attributable to GXO $ 4 $ (96) $ 32 $
Slide 16: Reconciliation of Net Income to Adjusted EBITA
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted EBITA and Adjusted EBITA Margins (Unaudited) Year ended Trailing twelve Three months ended March 31, December 31, months ended (In millions USD) 2026 2025 2025 March 31, 2026 Net income (loss) attributable to GXO $ 4 $ (96) $ 32 $ 1
Slide 17: Reconciliation of Net Income to Adjusted Net Income
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited) Three months ended March 31, (In millions USD, shares in thousands, except per share amounts) 2026 2025 Net income (loss) $ 5 $ (95) Net income attributable to NCI (1) (1) Net i
Slide 18: Other Reconciliations
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of cash flows from operations to free cash flow: Three months ended March 31, (In millions USD) 2026 2025 Cash flows from operations(1) $ 31 $ 29 Capital expenditures (65) (78) Proceeds from sale of property and equipment 3 1 Net c
Slide 19: Reconciliation of Revenue to Organic Revenue
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of revenue to organic revenue: Three months ended March 31, (In millions USD) 2026 2025 Revenue $ 3,298 $ 2,977 Foreign exchange rates (198) — Organic revenue(1) $ 3,100 $ 2,977 Revenue growth(2) 10.8 % Organic revenue growth(1)(3)
Slide 20: Liquidity Reconciliations
GXO Logistics, Inc. Liquidity Reconciliations (Unaudited) Reconciliation of total debt and net debt: (In millions USD) March 31, 2026 Current debt $ 463 Long-term debt 2,646 Total debt(1) $ 3,109 Less: Cash and cash equivalents (excluding restricted cash) (794) Net debt(2) $ 2,315 Reconciliation of
Slide 21: Return on Invested Capital
GXO Logistics, Inc. Return on Invested Capital (Unaudited) Adjusted EBITA, net of income taxes paid/received: Year ended Trailing twelve Three months ended March 31, December 31, months ended (In millions USD) 2026 2025 2025 March 31, 2026 Adjusted EBITA(1) $ 114 $ 83 $ 543 $ 574 Less: Cash (paid) r