Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Q2 2026 Earnings Presentation
21 slides from Gxo Logistics's earnings presentation, Aug 4, 2026
Slide 1: Second quarter 2026 results
© GXO Logistics, Inc.© GXO Logistics, Inc. 1 Second quarter 2026 results A U G U S T 4 , 2 0 2 6
Slide 2: Disclaimer
© GXO Logistics, Inc. Disclaimer 2 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 f
Slide 3: Presenters
© GXO Logistics, Inc. Patrick Kelleher Chief Executive Officer Mark Suchinski Chief Financial Officer Kristine Kubacki Chief Strategy Officer Presenters 3
Slide 4: Executive summary
© GXO Logistics, Inc. Executive summary ● Strong revenue and earnings growth, with organic growth of +3.4% driven by all three regions ● Quarterly sales wins of $410 million(2), incremental 2026 revenues of over $1 billion, 29% higher than prior year(2)(3). ● Approximately 40% of new business wins i
Slide 5: Strong new business wins and continued pipeline momentum
© GXO Logistics, Inc. 27% 31% 31% 36% 39% 41% 73% 69% 69% 64% 61% 59% 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 Jul-26 North America ROW $307 $410 $534 $638 2Q 2025 2Q 2026 1H 2025 1H 2026 Strong new business wins and continued pipeline momentum 5 Sales pipeline mix by region ($B)(2)New business wins ($M) Strat
Slide 6: Key strategic initiatives
© GXO Logistics, Inc. Key strategic initiatives Three priorities driving durable growth and margin expansion COMMERCIAL EXCELLENCE New business growth OPERATIONAL EXCELLENCE The GXO Way TECHNOLOGY EXCELLENCE Automation and AI • Converted record Q1 pipeline into strong quarterly wins • Deepened penet
Slide 7: 2Q 2026 financial summary
© GXO Logistics, Inc. 2Q 2026 financial summary 7 (1) Refer to the ‘Non-GAAP Financial Measures’ section on slide 2 and Appendix for related information. Higher revenue, adjusted EBITDA and adjusted diluted EPS Year-over-year comparison REVENUE $3.3B 2Q25 $3.4B 2Q26 ▲ 4% YoY▲ organic revenue up 3.4%
Slide 8: Strong cash generation and financial position
© GXO Logistics, Inc. Strong cash generation and financial position 8 (1) Refer to the ‘Non-GAAP Financial Measures’ section on slide 2 and Appendix for related information. Operating cash flow $3M $76M 2Q25 2Q26 ▲ $73M YoY Free cash flow(1) $(43)M $12M 2Q25 2Q26 ▲ $55M improvement Operating ROIC(1)
Slide 9: Updated FY 2026 guidance
© GXO Logistics, Inc. Updated FY 2026 guidance 9 Prior guidanceCurrent(1) 4% – 5%4% – 5%Organic revenue growth(2) $935 – $975 million$945 – $965 millionAdjusted EBITDA(2)(3) $2.90 – $3.20$2.95 – $3.15Adjusted diluted EPS(2) 30% – 40%30% – 40% Free cash flow conversion(2) (1) Based on current FX rate
Slide 10: Pipeline momentum and sales diversification
© GXO Logistics, Inc. Pipeline momentum and sales diversification 10 (1) Based on pipeline as of July 29, 2026. (2) Based on respective quarterly closing FX rates. (3) Industrials comprises, Industrial & Construction, Energy & Chemicals and Automotive. $2.7B(1) total pipeline 27% in strategic growth
Slide 11: New contract wins and outsourcing underpin long-term growth
© GXO Logistics, Inc. New contract wins and outsourcing underpin long-term growth 11 Expected incremental revenue contributions from contracts won through 2Q 2026 YTD 2026 contract wins by source(2) Sites set up to support customer growth Sites previously operated by customers in-house 43% New activ
Slide 12: Q&A
Q&A © GXO Logistics, Inc.
Slide 13: Sharpening our Commercial Strategy
© GXO Logistics, Inc.© GXO Logistics, Inc. 13 Sharpening our Commercial Strategy Strengthening Leadership and Operational Execution Investing in capabilities and talent that will define our future Creating long-term value for customers and shareholders
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Net Income to Adjusted EBITDA
© GXO Logistics, Inc. Trailing twelve months ended June 30, 2026 Year ended December 31, 2025 Six months ended June 30, Three months ended June 30, 2025202620252026(In millions USD) $ 131$ 32$ (70)$ 29$ 26$ 25Net income (loss) attributable to GXO 443322 Net income attributable to noncontrolling inte
Slide 16: Reconciliation of Net Income to Adjusted EBITA
© GXO Logistics, Inc. GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted EBITA and Adjusted EBITA Margins (Unaudited) Trailing twelve months ended June 30, 2026 Year ended December 31, 2025 Six months ended June 30, Three months ended June 30, 2025202620252026(In millions USD) $ 131
Slide 17: Reconciliation to Adjusted Net Income and Adjusted EPS
© GXO Logistics, Inc. GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited) Six months ended June 30, Three months ended June 30, 2025202620252026(In millions USD, shares in thousands, except per share amounts) $ (67)$ 32$ 28$ 27Ne
Slide 18: Other Reconciliations: Free Cash Flow
© GXO Logistics, Inc. GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of cash flows from operations to free cash flow: Six months ended June 30, Three months ended June 30, 2025202620252026(In millions USD) $ 32$ 107$ 3$ 76Cash flows from operations(1) (125)(130)(47)(65)Capital
Slide 19: Other Reconciliations: Organic Revenue
© GXO Logistics, Inc. GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of revenue to organic revenue: Six months ended June 30, Three months ended June 30, 2025202620252026(In millions USD) $ 6,276$ 6,739$ 3,299$ 3,441Revenue —(227)—(29)Foreign exchange rates $ 6,276$ 6,512$ 3,29
Slide 20: Liquidity Reconciliations
© GXO Logistics, Inc. GXO Logistics, Inc. Liquidity Reconciliations (Unaudited) Reconciliation of total debt and net debt: June 30, 2026(In millions USD) $ 751Current debt 2,452Long-term debt $ 3,203Total debt(1) 1Plus: Bank overdrafts (included in Other current liabilities) (769)Less: Cash and cash
Slide 21: Adjusted EBITA net of taxes and Return on Invested Capital
© GXO Logistics, Inc. Adjusted EBITA, net of income taxes paid: Trailing twelve months ended June 30, 2026 Year ended December 31, 2025 Six months ended June 30, 20252026(In millions USD) $ 572$ 543$ 215$ 244Adjusted EBITA(1) (79)(59)(10)(30)Less: Cash paid for income taxes $ 493$ 484$ 205$ 214Adjus