Malcolm Wilson, chief executive officer of GXO, said, “In the second quarter, we generated revenue of $3.3 billion, up 16% year over year, produced our highest organic revenue growth in nine quarters, and delivered $212 million in adjusted EBITDA, up 13% year over year.
“We signed $307 million of new business wins, bringing new business wins in the first half of the year to over half a billion dollars. We received final regulatory approval of the Wincanton acquisition, which will unlock growth opportunities in the UK as well as in aerospace and industrial across Europe. We’re kicking off the integration in the coming weeks and the GXO and Wincanton teams are already collaborating on a range of strategic tenders.
“Given our better-than-expected performance in the first half of the year, we are again raising our full-year adjusted EBITDA guidance, following our guidance raise in June for organic revenue growth, adjusted EBITDA and adjusted diluted earnings per share.
“Lastly, we announced in June that seasoned supply chain leader Patrick Kelleher will take the helm of GXO as CEO later this month. Serving as CEO of GXO has been the honor of a lifetime. I’m proud of all that we’ve achieved in establishing GXO as a true industry leader and am confident that Patrick will lead GXO into its next chapter of growth.”
Second Quarter 2025 Results
Revenue increased to $3.3 billion, up 16% year over year, compared with $2.8 billion for the second quarter 2024. Organic revenue1 grew by 6%.
Net income was $28 million, compared with $39 million for the second quarter 2024. Diluted earnings per share (“EPS”) was $0.23, compared with $0.32 for the second quarter 2024.
Adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA1”) was $212 million, compared with $187 million for the second quarter 2024. Adjusted diluted EPS1 was $0.57, compared with $0.55 for the second quarter 2024.
GXO generated $3 million of cash flow from operations, compared with $115 million for the second quarter 2024. In the second quarter of 2025, GXO used $43 million of free cash flow1, compared with $31 million of free cash flow1 generated for the second quarter 2024. GXO’s second quarter free cash flow1 reflects investment in working capital and the payment of a one-time regulatory matter recognized in the first quarter.
