SHARPE
Reported results
- Revenue was $2.37 billion for the third quarter of 2026, compared with $2.11 billion for the same period in 2025.
- Operating income was $288 million for the third quarter of 2026, compared with $164 million for the same period in 2025.
- Net income was $181 million for the third quarter of 2026, compared with $82 million for the same period in 2025.
- Diluted earnings per share was $1.53 for the third quarter of 2026, compared with $0.68 for the same period in 2025.
- Adjusted diluted EPS, a non-GAAP financial measure, was $1.70 for the third quarter of 2026, compared with $1.07 for the same period in 2025.
- Adjusted EBITDA, a non-GAAP financial measure, was $433 million for the third quarter of 2026, compared with $342 million for the same period in 2025.
Notes
Third quarter 2025 results include a $35 million charge ($27 million after-tax or -$0.23 per share) related to environmental and product liability claims involving a former subsidiary of Con-way, which was sold prior to XPO’s acquisition of Con-way in 2015.
Price and volatility reaction
The stock moved +0.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -6.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 181.69 | 2026-10-28 |
| Close after release | 183.01 | 2026-10-29 |
| Realised move | +0.7% | close to close |
| 30d ATM IV change | -6.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.