RXO RXO (RXO) Q2 FY26 earnings call
RXO delivered strong Q2 FY26 results, driven by significant market share gains and improved profitability in brokerage, alongside robust performance in Managed Transportation and Last Mile. The company is leveraging its differentiated carrier vetting and Agentic AI tools to capitalize on a tightening supply-side market, positioning for continued momentum despite anticipated Q3 headwinds in Last Mile. Management believes the company is in the early innings of a multiyear recovery, with a clear path to normalized earnings.
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RXO operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Available liquidity | $386MAt the end of the first quarter, our total available liquidity was $386 million.Source: earnings call transcript | $350MAt the end of the second quarter, our total available liquidity was $350 million.Source: earnings call transcript | -9.3% |
| Spot volume mix Truckload | 33%Spot represented 33% of our truckload volume in the quarter, increasing by 500 basis points sequentially and 600 basis points year-over-year.Source: earnings call transcript | 42%We had the largest sequential increase in the gross profit per load growth rate in 4 years, driven by our spot mix, which was 42% in the quarter.Source: earnings call transcript | +9 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.