GXO Logistics annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
GXO Logistics Debt-to-Equity Ratio Growth & History (GXO)
GXO Logistics's debt-to-equity ratio was 1.96 for fiscal 2025.
View full GXO Logistics company overviewGXO Logistics annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.96 | 0.24 | +13.86% |
| 2024 | 2024-12-31 | 1.72 | 0.32 | +22.84% |
| 2023 | 2023-12-31 | 1.40 | −0.24 | −14.70% |
| 2022 | 2022-12-31 | 1.64 | 0.45 | +37.87% |
| 2021 | 2021-12-31 | 1.19 | 0.45 | +60.08% |
| 2020 | 2020-12-31 | 0.75 | — | — |
GXO Logistics quarterly debt-to-equity ratio
Q4.20
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.05 | 0.16 | +8.38% |
| Q1 2026 | 2026-03-31 | 2.01 | 0.16 | +8.56% |
| Q4 2025 | 2025-12-31 | 1.96 | 0.24 | +13.86% |
| Q3 2025 | 2025-09-30 | 1.86 | 0.08 | +4.62% |
| Q2 2025 | 2025-06-30 | 1.89 | 0.02 | +1.11% |
| Q1 2025 | 2025-03-31 | 1.85 | 0.43 | +30.40% |
| Q4 2024 | 2024-12-31 | 1.72 | 0.32 | +22.84% |
| Q3 2024 | 2024-09-30 | 1.78 | 0.34 | +23.60% |
| Q2 2024 | 2024-06-30 | 1.87 | 0.36 | +23.85% |
| Q1 2024 | 2024-03-31 | 1.42 | −0.17 | −10.94% |
| Q4 2023 | 2023-12-31 | 1.40 | −0.24 | −14.70% |
| Q3 2023 | 2023-09-30 | 1.44 | −0.15 | −9.37% |
| Q2 2023 | 2023-06-30 | 1.51 | −0.05 | −3.20% |
| Q1 2023 | 2023-03-31 | 1.59 | 0.40 | +34.04% |
| Q4 2022 | 2022-12-31 | 1.64 | 0.45 | +37.87% |
| Q3 2022 | 2022-09-30 | 1.59 | 0.37 | +30.82% |
| Q2 2022 | 2022-06-30 | 1.56 | 0.73 | +88.93% |
| Q1 2022 | 2022-03-31 | 1.19 | — | — |
| Q4 2021 | 2021-12-31 | 1.19 | 0.45 | +60.08% |
| Q3 2021 | 2021-09-30 | 1.21 | — | — |
| Q2 2021 | 2021-06-30 | 0.83 | — | — |
| Q4 2020 | 2020-12-31 | 0.75 | — | — |
GXO Logistics debt-to-equity ratio trends
Over the last five fiscal years, GXO Logistics's debt-to-equity ratio increased from 0.75 to 1.96, a change of 1.22. The latest reported quarter, Q2 2026, shows 2.05.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review GXO Logistics source filings ↗