XPO 2026年季度报告

Washington, D.C. 20549___________________________________________ (Mark One) (855) 976-6951 Name of each exchange on which registered New York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of July24, 2026, there were 117,086,465 shares of the registrant’s common stock, par value $0.001 per share, outstanding. XPO, Inc. Quarterly Report on Form 10-Q For the Quarterly Period Ended June30, 2026 Table of Contents Part I—Financial InformationItem1. Financial Statements (Unaudited):Condensed Consolidated Balance SheetsCondensed Consolidated Statements of IncomeCondensed Consolidated Statements of Comprehensive IncomeCondensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Changes in EquityNotes to Condensed Consolidated Financial StatementsItem2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3. Quantitative and Qualitative Disclosures About Market RiskItem4. Controls and ProceduresPart II—Other InformationItem1. Legal ProceedingsItem1A. Risk FactorsItem2. Unregistered Sales of Equity Securities and Use of ProceedsItem3. Defaults Upon Senior SecuritiesItem4. Mine Safety DisclosuresItem5. Other InformationItem6. ExhibitsSignatures XPO, Inc.Condensed Consolidated Balance Sheets(Unaudited) XPO, Inc. Condensed Consolidated Statements of Income (Unaudited) XPO, Inc. Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Unaudited) XPO, Inc. (Unaudited) Amounts may not add due to rounding. See accompanying notes to condensed consolidated financial statements. XPO, Inc. Notes to Condensed Consolidated Financial Statements (Unaudited) 1. Description of Business and Basis of Presentation Nature of Operations XPO, Inc., together with its subsidiaries (“XPO,” “we” or the “Company”), is a leading provider of freight transportation services. Weuse our proprietary technology to move goods efficiently through our customers’ supply chains in North America and Europe. SeeNote 2—Segment Reporting for additional information on our operations. Basis of Presentation We prepared our Condensed Consolidated Financial Statements in accordance with U.S. generally accepted accounting principles(“GAAP”) and on the same basis as the accounting policies described in our Annual Report on Form 10-K for the year endedDecember 31, 2025 (the “2025 Form 10-K”). The interim reporting requirements of Form 10-Q allow certain information and notedisclosures normally included in annual consolidated financial statements to be condensed or omitted. These Condensed ConsolidatedFinancial Statements should be read in conjunction with the 2025 Form 10-K. The Condensed Consolidated Financial Statements are not audited but reflect all adjustments that are of a normal recurring nature andare necessary for a fair presentation of the financial condition, operating results and cash flows for the interim periods presented.Operating results for the six months ended June30, 2026 are not necessarily indicative of the results that may be expected for the yearending December31, 2026. Within our Condensed Consolidated Financial Statements and the accompanying notes, certain amounts may not add due to the use ofrounded numbers. Unless otherwise indicated, percentages presented are calculated from the underlying numbers in millions. Restricted Cash As ofJune30, 2026andDecember31, 2025, our restricted cash included in Other long-term assets on our Condensed ConsolidatedBalance Sheets was $16 million and $20 million, respectively. Trade Receivables Securitization and Factoring Pr