← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
GXO, the largest pure-play contract logistics provider, grew revenue 12.5% to $13.18B with Wincanton, but one-off charges and a 65.4% tax rate cut net income attributable to GXO to $32M as a new CEO took over
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 12.5% to $13.18B; $655 million from WincantonNote
- Profitability — Operating margin flat at 1.86%; net income down 76.1% to $32MWatch
- Balance sheet — Total debt $3,065 million; free cash flow down 42.1% to $110MWatch
- Accounting quality — Distress-zone balance-sheet score; no manipulation flag; earnings quality safeWatch
- Capital allocation — First buybacks: $202 million for 5.4 million shares; no dividendNote
- Leadership — New CEO Patrick Kelleher since August 2025; CFO departure agreedNote
Business
GXO runs warehouses for other companies: warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services, using automation and technology. Its contracts are mostly long-term, with lease terms generally matched to them, and mix fixed-price and cost-plus pricing. Omnichannel retail is 49% of revenue, the top five customers about 20%, and no customer more than 6%. It operated in 26 countries with about 154,000 team members, 52% of them in the United Kingdom, at the end of 2025.
Where the revenue comes from
Fiscal 2025, as GXO Logistics, Inc. reports it. History and quarterly detail are in the app.
- Omnichannel retail$6.4B
- Technology and consumer electronics$1.6B
- Industrial and manufacturing$1.5B
- Food and beverage$1.4B
- Consumer packaged goods$1.3B
Leadership changes
From GXO Logistics, Inc.'s own filings, the day they're filed.
- Laura Bracken · Chief Accounting Officer · appointmenteff. 2026-04-01
- Paul Blanchett · Chief Accounting Officer · departureeff. 2026-01-23
- Brad Jacobs · Chairman · departureeff. 2025-12-31
Latest filings
- 8-K · Company announcement2026-08-20
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-08-04
- 8-K · Company announcement2026-08-04
- 8-K · Company announcement2026-05-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about GXO Logistics, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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