Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Q2 2026 Earnings Presentation
21 slides from Gxo Logistics's earnings presentation, Aug 5, 2026
Slide 1: Second quarter 2026 results
Second quarter 2026 results AUGUST 4, 2026 © ©GXO GXOLogistics, Logistics,Inc. Inc. 1
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: Executive summary
Executive summary ● Strong revenue and earnings growth, with organic growth of +3.4% driven by all $3.4 billion 2Q Total Revenue three regions ● Quarterly sales wins of $410 million(2), incremental 2026 revenues of over $1 billion, $219 million 2Q Adjusted EBITDA (1) 29% higher than prior year(2)(3)
Slide 5: Strong new business wins and continued pipeline momentum
Strong new business wins and continued pipeline momentum New business wins ($M) Sales pipeline mix by region ($B)(2) +19% growth CURRENT PIPELINE $638 ~$2.7B(1) +34% growth $2.4 $2.7 $2.7(1) $534 $2.3 $2.3 $2.3 $410 64% 59% $307 73% 69% 61% 69% 36% 39% 41% 27% 31% 31% 2Q 2025 2Q 2026 1H 2025 1H 2026
Slide 6: Key strategic initiatives
Key strategic initiatives Three priorities driving durable growth and margin expansion COMMERCIAL EXCELLENCE OPERATIONAL EXCELLENCE TECHNOLOGY EXCELLENCE New business growth The GXO Way Automation and AI • Converted record Q1 pipeline into • Launched the GXO Way playbook • Warehouse AI platform live
Slide 7: 2Q 2026 financial summary
2Q 2026 financial summary Year-over-year comparison REVENUE ADJUSTED EBITDA(1) ADJUSTED DILUTED EPS(1) ▲ 4% ▲ 3% ▲ 4% ▲ organic $3.3B $3.4B YoY $212M $219M YoY $0.57 $0.59 YoY revenue up 3.4%(1) 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Higher revenue, adjusted EBITDA and adjusted diluted EPS (1) Refer to the ‘
Slide 8: Strong cash generation and financial position
Strong cash generation and financial position Operating cash flow Free cash flow(1) Operating ROIC(1) Net leverage(1) $12M $76M 46% 43% 3.0x 2.6x $3M $(43)M 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 ▲ $73M YoY ▲ $55M improvement > 30% long-term target ▼ 0.4x YoY improvement Solid financial position (1
Slide 9: Updated FY 2026 guidance
Updated FY 2026 guidance Mid-points unchanged vs. prior guidance Current(1) Prior guidance Organic revenue growth(2) 4% – 5% 4% – 5% Adjusted EBITDA(2)(3) $945 – $965 million $935 – $975 million Adjusted diluted EPS(2) $2.95 – $3.15 $2.90 – $3.20 Free cash flow conversion(2) 30% – 40% 30% – 40% (1)
Slide 10: Pipeline momentum and sales diversification
Pipeline momentum and sales diversification 27% New business wins in strategic in strategic growth verticals(2) growth verticals $261M $M new wins $2.7B(1) $168M total pipeline $90M $38M 2Q 25 2Q 26 1H 25 1H 26 Aerospace and Defense Technology and Data Centers Industrials(3) Life Sciences $230B+ Com
Slide 11: New contract wins and outsourcing underpin long-term growth
New contract wins and outsourcing underpin long-term growth Expected incremental revenue contributions YTD 2026 contract wins by source(2) from contracts won through 2Q 2026 $1 billion(1) signed for 2026 40% 17% Won from Outsourcing competitors Sites previously Sites transferred operated by from oth
Slide 12: Q&A
Q&A © GXO Logistics, Inc.
Slide 13: Sharpening our Commercial Strategy, Strengthening Leadership and Operational Execution
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 © ©GXO GXOLogistics, Logistics,Inc. Inc. 13
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBITDA Margins
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBITDA Margins (Unaudited) Trailing twelve Year ended months Three months ended June 30, Six months ended June 30, December 31, ended (In millions USD) 2026 2025 2026 2025 2025 June 30, 2026 Net income (loss) att
Slide 16: Reconciliation of Net Income (Loss) to Adjusted EBITA and Adjusted EBITA Margins
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted EBITA and Adjusted EBITA Margins (Unaudited) Trailing twelve Year ended months Three months ended June 30, Six months ended June 30, December 31, ended (In millions USD) 2026 2025 2026 2025 2025 June 30, 2026 Net income (loss) attri
Slide 17: Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted EPS
GXO Logistics, Inc. Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited) Three months ended June 30, Six months ended June 30, (In millions USD, shares in thousands, except per share amounts) 2026 2025 2026 2025 Net income (loss) $ 27 $ 28 $ 32 $ (67
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 June 30, Six months ended June 30, (In millions USD) 2026 2025 2026 2025 Cash flows from operations(1) $ 76 $ 3 $ 107 $ 32 Capital expenditures (65) (47) (130) (12
Slide 19: Other Reconciliations: Organic Revenue
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of revenue to organic revenue: Three months ended June 30, Six months ended June 30, (In millions USD) 2026 2025 2026 2025 Revenue $ 3,441 $ 3,299 $ 6,739 $ 6,276 Foreign exchange rates (29) — (227) — Organic revenue(1) $ 3,412 $ 3
Slide 20: Liquidity Reconciliations
GXO Logistics, Inc. Liquidity Reconciliations (Unaudited) Reconciliation of total debt and net debt: (In millions USD) June 30, 2026 Current debt $ 751 Long-term debt 2,452 Total debt(1) $ 3,203 Plus: Bank overdrafts (included in Other current liabilities) 1 Less: Cash and cash equivalents (excludin
Slide 21: Return on Invested Capital
GXO Logistics, Inc. Return on Invested Capital (Unaudited) Adjusted EBITA, net of income taxes paid: Year ended Trailing twelve Six months ended June 30, December 31, months ended (In millions USD) 2026 2025 2025 June 30, 2026 Adjusted EBITA(1) $ 244 $ 215 $ 543 $ 572 Less: Cash paid for income taxe