News · GXO Logistics, Inc. (GXO) · Industrials

GXO Logistics rises 9.5% after third-quarter results

Session of November 4, 2026 · Published November 5, 2026 · 3 min read

What happened

GXO rose 9.5% on November 4, 2026, after third-quarter results beat expectations and management held an upbeat earnings call. The stock opened 1.8% above the previous close and closed at $56.96, on trading volume 4.2 times its 20-day average. The company reported quarterly earnings of $0.89 per share on November 3, 2026, 4.1% above the Zacks Consensus Estimate of $0.85, marking its ninth consecutive quarter of beating estimates.

Closing price over the last 30 trading sessions. On November 4, 2026, GXO closed at $56.96, up 9.5% on the day and 29.0% higher than 30 sessions earlier.

How big was the move

The session was large for the stock: the change was 4.9 times a typical daily move for this stock. The Industrials sector median on the day was unchanged, making the stock’s performance 9.5 percentage points better than the sector median. The S&P 500 rose 1.6% that day; the stock’s beta of 1.04 means the stock tends to move about as much as the market. Over the last five sessions the stock rose 15.4%, compared with the S&P 500’s five-session fall of 0.7%.

Each bar is one day's price change; the outlined bar is November 4, 2026. A typical daily move over the past year was 2.5%, so the latest move equals 3.8 times that. Moves outside the dashed lines (about 5.0%) are unusual.

The technical picture

The stock traded well above short- and medium-term averages, at 16.6% above its 20-day moving average and 20.5% above its 50-day moving average, and 10.1% above its 200-day moving average. Those gaps show short-term strength even though the 50-day average is below the 200-day average, a sign of a weak longer-term trend. The Relative Strength Index (14 days) stood at 84, above 70, a level often called overbought. The shares were 14.8% below the 52-week high. Over one month the stock rose 22.8% and over three months it rose 21.2%; over one year it rose 2.9%, which is 9.3 percentage points behind the S&P 500 for the same period.

Closing price over the past year. GXO ends the period 13.2% below its 52-week high, above its 50-day average ($47.27) and above its 200-day average ($51.74).

Fundamentals and valuation

For the four quarters through September 30, 2026, revenue was $13.84 billion, which grew 7.1% from a year earlier and compared with growth of 7.6% one quarter earlier. Diluted earnings per share for that period were $1.18, which rose 55.9% versus a year earlier. Gross margin was 12.4% (a year earlier: 12.6%) while operating margin improved to 2.8% (a year earlier: 2.0%). Free-cash-flow margin was 1.3% and return on invested capital was 2.6%.

Quarterly revenue by period end. The latest quarter brought $3.6B, 5.7% more than the same quarter a year earlier.

The balance sheet shows net debt of 7.2 times EBITDA, a measure that highlights leverage on the books. Share count over one year decreased by 0.6%, a modest reduction that can support per-share metrics. On valuation, the stock traded at 48.1 times trailing earnings, which is higher than 62% of its own readings over the past five years (five-year median: 40.8 times earnings). Price to forward earnings was 18.8 times expected earnings and free-cash-flow yield was 3.0%.

Those figures show improving profitability alongside heavy leverage. The stronger operating margin helps explain investor appetite after the quarterly beat. At the same time, PromtFinance’s Quality score of 29 (Very weak) and Stability score of 43 (Weak) flag areas investors may still worry about.

Earnings and analyst expectations

GXO reported third-quarter 2026 results and held its Q3 2026 earnings call on November 4, 2026. CEO Patrick Kelleher, CFO Mark Suchinski and Chief Strategy Officer Kristine Kubacki participated, according to GlobeNewsWire and Seeking Alpha. The last report on November 3, 2026, showed earnings per share of $0.89 against $0.85 expected, 4.1% above estimates. The company’s average surprise over the last four reports was 11.3% above estimates, and the typical two-day reaction after recent reports was that the stock rose 1.4%.

Diluted earnings per share by quarter. The latest quarter shows $0.56, against $0.51 in the same quarter a year earlier.

Analysts are mostly positive: 89% of the 18 analysts with ratings rate the stock Buy or Strong Buy and the consensus rating is Buy. The consensus price target is $65.86, which is 15.6% above the closing price on November 4, 2026. PromtFinance scores place GXO’s Growth at 77 (Positive) and Revisions at 86 (Strong), while Value scored 55 (Neutral) and Momentum 59 (Neutral).

What to watch

November 3, 2026: reported quarterly earnings of $0.89 per share, 4.1% above estimates
November 4, 2026: Q3 2026 earnings call with CEO Patrick Kelleher, CFO Mark Suchinski and Chief Strategy Officer Kristine Kubacki
February 9, 2027: next scheduled earnings report
Consensus price target $65.86, 15.6% above the closing price
Net debt of 7.2 times EBITDA

Full GXO analysis: scores, chart and financials →