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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.36B | $2.10B | $2.01B | $2.11B | $2.08B | $1.95B | $1.92B | $2.05B |
| Cost of revenue | $464.00M | $423.00M | −$1.25B | $424.00M | $426.00M | $399.00M | −$1.30B | $430.00M |
| Gross profit | $1.89B | $1.67B | $3.26B | $1.69B | $1.65B | $1.56B | $3.23B | $1.62B |
| Gross margin | 80.3% | 79.8% | 162.2% | 79.9% | 79.5% | 79.6% | 167.8% | 79.1% |
| Selling, general and administrative | $969.00M | $914.00M | $1.01B | $876.00M | $911.00M | $867.00M | $970.00M | $852.00M |
| Operating expenses | $1.63B | $1.50B | $3.13B | $1.52B | $1.46B | $1.41B | $3.11B | $1.45B |
| Operating income | $265.00M | $173.00M | $128.00M | $165.00M | $198.00M | $149.00M | $115.00M | $176.00M |
| Operating margin | 11.3% | 8.3% | 6.4% | 7.8% | 9.5% | 7.6% | 6.0% | 8.6% |
| EBITDA | $422.00M | $313.00M | $302.00M | $340.00M | $335.00M | $273.00M | $303.00M | $305.00M |
| Interest expense | −$51.00M | −$53.00M | −$53.00M | −$54.00M | −$56.00M | −$56.00M | −$53.00M | −$56.00M |
| Income before taxes | $220.00M | $124.00M | $90.00M | $112.00M | $145.00M | $91.00M | $101.00M | $135.00M |
| Income taxes | $56.00M | $23.00M | $32.00M | $30.00M | $37.00M | $22.00M | $26.00M | $40.00M |
| Net income | $164.00M | $101.00M | $58.00M | $82.00M | $108.00M | $69.00M | $75.00M | $95.00M |
| Net margin | 7.0% | 4.8% | 2.9% | 3.9% | 5.2% | 3.5% | 3.9% | 4.6% |
| EPS, basic | $1.38 | $0.87 | $0.50 | $0.69 | $0.90 | $0.59 | $0.65 | $0.81 |
| EPS, diluted | $1.36 | $0.85 | $0.50 | $0.68 | $0.89 | $0.58 | $0.63 | $0.79 |
| Diluted shares | 118.00M | 119.00M | 117.00M | 120.00M | 119.00M | 120.00M | 120.00M | 120.00M |
Figures describe XPO shares, not any token. As of Jul 30, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.