Key Highlights

  • Revenue rose 5.7% to USD 3.6 billion, and organic growth of 6.4% was the highest in more than three years.
  • New Business wins reached USD 375 million, up 34%, and the sales pipeline hit a record USD 3.1 billion.
  • Adjusted EPS rose to USD 0.89 from USD 0.79, and free Cash Flow fell to USD 85 million.
  • Management reaffirmed 2026 guidance of 4% to 5% organic growth and adjusted EPS of USD 2.95 to USD 3.15.

Organic Growth Reaches a Three-Year High

GXO Logistics, Inc. (NYSE:GXO) reported third-quarter 2026 Revenue of USD 3.6 billion, up 5.7% year over year, with organic revenue growth of 6.4%, the highest in more than three years. Operating Income was USD 96 million versus USD 118 million, and Net Income attributable to GXO was USD 64 million versus USD 59 million. Adjusted Diluted Earnings per Share rose to USD 0.89 from USD 0.79.

Chief Executive Officer Patrick Kelleher said the new strategy put in motion over the past year is delivering results, citing the fastest organic growth in more than three years, new business wins up more than 30% for a second consecutive quarter and a record pipeline.

Analyst estimates were EPS of USD 0.86 against reported EPS of USD 0.89, and revenue of USD 3.54 billion against reported revenue of USD 3.59 billion.

Wins, Pipeline and Execution

New business wins were USD 375 million, up 34%, and 40% of year-to-date wins came from strategic growth verticals: aerospace and defense, technology, industrial and life sciences. Year-to-date wins exceeded USD 1 billion, which Kelleher compared with all of 2025, with a quarter to go. The sales pipeline was a record USD 3.1 billion, up more than 30%.

The company is improving execution, particularly in North America, and advancing productivity initiatives that include a unified labor management system and deployment of GXO IQ across its global footprint.

Cash, Buybacks and Guidance

Cash flow from operations was USD 156 million versus USD 232 million, and free cash flow was USD 85 million versus USD 187 million. The company repurchased USD 84 million of stock in the quarter, bringing year-to-date repurchases to USD 100 million, or 2.1 million shares at an average price of USD 47.46, with USD 200 million remaining under the authorization.

Cash and cash equivalents were USD 340 million, total Debt was USD 2.8 billion and net debt was USD 2.5 billion. Reaffirmed 2026 guidance includes organic revenue growth of 4% to 5%, adjusted EBITDA of USD 945 million to USD 965 million, adjusted diluted EPS of USD 2.95 to USD 3.15 and free cash flow conversion of 30% to 40%. The company holds an Investor Day on November 16, 2026 at the New York Stock Exchange.

Diluted earnings per share were USD 0.56 versus USD 0.51, and adjusted EBITDA was USD 251 million, unchanged from USD 251 million in the third quarter of 2025.

Items to Follow

Margin conversion of organic growth, free cash flow timing and conversion of the pipeline into revenue are the items to follow, together with the long-term framework management presents at the November Investor Day.