Xpo annual net debt
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Xpo Net Debt Growth & History (XPO)
Xpo's net debt was $3.87B for fiscal 2025.
View full Xpo company overviewXpo annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.87B | −$103.0M | −2.59% |
| 2024 | 2024-12-31 | $3.98B | $161.0M | +4.22% |
| 2023 | 2023-12-31 | $3.82B | $925.0M | +32.00% |
| 2022 | 2022-12-31 | $2.89B | −$1.28B | −30.62% |
| 2021 | 2021-12-31 | $4.17B | −$1.62B | −28.02% |
| 2020 | 2020-12-31 | $5.79B | −$1.50B | −20.54% |
| 2019 | 2019-12-31 | $7.29B | $3.37B | +86.17% |
| 2018 | 2018-12-31 | $3.91B | −$374.0M | −8.72% |
| 2017 | 2017-12-31 | $4.29B | −$207.6M | −4.62% |
| 2016 | 2016-12-31 | $4.49B | −$682.6M | −13.18% |
| 2015 | 2015-12-31 | $5.18B | $5.24B | — |
| 2014 | 2014-12-31 | −$61.8M | −$224.2M | — |
| 2013 | 2013-12-31 | $162.4M | $269.9M | — |
| 2012 | 2012-12-31 | −$107.5M | −$35.5M | — |
| 2011 | 2011-12-31 | −$72.0M | −$73.5M | — |
| 2010 | 2010-12-31 | $1.5M | — | — |
Xpo quarterly net debt
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Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.78B | −$266.0M | −6.58% |
| Q1 2026 | 2026-03-31 | $3.88B | −$115.0M | −2.88% |
| Q4 2025 | 2025-12-31 | $3.87B | −$103.0M | −2.59% |
| Q3 2025 | 2025-09-30 | $3.87B | −$18.0M | −0.46% |
| Q2 2025 | 2025-06-30 | $4.04B | $45.0M | +1.13% |
| Q1 2025 | 2025-03-31 | $4.00B | $3.0M | +0.08% |
| Q4 2024 | 2024-12-31 | $3.98B | $161.0M | +4.22% |
| Q3 2024 | 2024-09-30 | $3.89B | $934.0M | +31.61% |
| Q2 2024 | 2024-06-30 | $4.00B | $963.0M | +31.74% |
| Q1 2024 | 2024-03-31 | $4.00B | $944.0M | +30.92% |
| Q4 2023 | 2023-12-31 | $3.82B | $925.0M | +32.00% |
| Q3 2023 | 2023-09-30 | $2.96B | −$337.0M | −10.24% |
| Q2 2023 | 2023-06-30 | $3.03B | −$389.0M | −11.36% |
| Q1 2023 | 2023-03-31 | $3.05B | −$436.0M | −12.50% |
| Q4 2022 | 2022-12-31 | $2.89B | −$1.28B | −30.62% |
| Q3 2022 | 2022-09-30 | $3.29B | −$980.0M | −22.94% |
| Q2 2022 | 2022-06-30 | $3.42B | −$3.82B | −52.71% |
| Q1 2022 | 2022-03-31 | $3.49B | −$3.90B | −52.76% |
| Q4 2021 | 2021-12-31 | $4.17B | −$1.62B | −28.02% |
| Q3 2021 | 2021-09-30 | $4.27B | −$2.75B | −39.21% |
| Q2 2021 | 2021-06-30 | $7.24B | −$1.0M | −0.01% |
| Q1 2021 | 2021-03-31 | $7.38B | $192.0M | +2.67% |
| Q4 2020 | 2020-12-31 | $5.79B | −$1.50B | −20.54% |
| Q3 2020 | 2020-09-30 | $7.03B | −$13.0M | −0.18% |
| Q2 2020 | 2020-06-30 | $7.24B | $11.0M | +0.15% |
| Q1 2020 | 2020-03-31 | $7.19B | −$105.0M | −1.44% |
| Q4 2019 | 2019-12-31 | $7.29B | $3.37B | +86.17% |
| Q3 2019 | 2019-09-30 | $7.04B | $3.38B | +92.28% |
| Q2 2019 | 2019-06-30 | $7.23B | $3.10B | +75.05% |
| Q1 2019 | 2019-03-31 | $7.30B | $2.98B | +68.85% |
| Q4 2018 | 2018-12-31 | $3.91B | −$374.0M | −8.72% |
| Q3 2018 | 2018-09-30 | $3.66B | −$664.9M | −15.37% |
| Q2 2018 | 2018-06-30 | $4.13B | −$622.5M | −13.10% |
| Q1 2018 | 2018-03-31 | $4.32B | −$458.5M | −9.59% |
| Q4 2017 | 2017-12-31 | $4.29B | −$207.6M | −4.62% |
| Q3 2017 | 2017-09-30 | $4.33B | $4.57B | — |
| Q2 2017 | 2017-06-30 | $4.75B | $5.01B | — |
| Q1 2017 | 2017-03-31 | $4.78B | $4.93B | — |
| Q4 2016 | 2016-12-31 | $4.49B | −$682.6M | −13.18% |
| Q3 2016 | 2016-09-30 | −$243.2M | −$2.47B | — |
| Q2 2016 | 2016-06-30 | −$256.7M | −$2.89B | — |
| Q1 2016 | 2016-03-31 | −$144.7M | −$91.9M | — |
| Q4 2015 | 2015-12-31 | $5.18B | $5.24B | — |
| Q3 2015 | 2015-09-30 | $2.23B | $2.30B | — |
| Q2 2015 | 2015-06-30 | $2.63B | $2.64B | — |
| Q1 2015 | 2015-03-31 | −$52.8M | −$11.2M | — |
| Q4 2014 | 2014-12-31 | −$61.8M | −$224.2M | — |
| Q3 2014 | 2014-09-30 | −$74.4M | −$152.1M | — |
| Q2 2014 | 2014-06-30 | −$8.2M | $57.1M | — |
| Q1 2014 | 2014-03-31 | −$41.6M | $53.0M | — |
| Q4 2013 | 2013-12-31 | $162.4M | $269.9M | — |
| Q3 2013 | 2013-09-30 | $77.7M | $280.3M | — |
| Q2 2013 | 2013-06-30 | −$65.3M | $125.2M | — |
| Q1 2013 | 2013-03-31 | −$94.6M | $109.9M | — |
| Q4 2012 | 2012-12-31 | −$107.5M | −$35.5M | — |
| Q3 2012 | 2012-09-30 | −$202.7M | −$132.1M | — |
| Q2 2012 | 2012-06-30 | −$190.6M | −$191.2M | — |
| Q1 2012 | 2012-03-31 | −$204.5M | — | — |
| Q4 2011 | 2011-12-31 | −$72.0M | −$73.5M | — |
| Q3 2011 | 2011-09-30 | −$70.6M | — | — |
| Q2 2011 | 2011-06-30 | $603,000 | — | — |
| Q4 2010 | 2010-12-31 | $1.5M | — | — |
Xpo net debt trends
Over the last five fiscal years, Xpo's net debt decreased from $5.79B to $3.87B, a change of −$1.92B. The latest reported quarter, Q2 2026, shows $3.78B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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