RXO, Inc. reported financial results for the fiscal quarter ended September 30, 2026, and announced a definitive agreement to be acquired by C.H. Robinson. The company reported revenue of $1.9 billion for the third quarter of 2026, a significant increase from the $1.4 billion reported in the same period of 2025.
For the third quarter of 2026, RXO reported GAAP net income of $3 million, compared to a net loss of $14 million in the prior year. The company also reported GAAP diluted earnings per share of $0.02. Adjusted net income was $16 million, and adjusted diluted earnings per share was $0.09. Adjusted EBITDA for the quarter was $51 million, with a margin of 2.7%.
On the operational side, Brokerage volume increased by 3% year over year. Truckload volume improved every month during the quarter, and less-than-truckload volume increased by 2%. The company noted that truckload spot mix was 51% of volume, up from 29% in the third quarter of 2025 and 42% in the second quarter of 2026. Gross profit per load improved sequentially by 31%.
Complementary Services also saw growth, with Last Mile stops increasing by 5% year over year. Additionally, Managed Transportation was awarded approximately $140 million in freight under management during the quarter.
Separately, RXO announced that C.H. Robinson has agreed to purchase the company in a stock-and-cash transaction. The deal, valued at an implied $5.8 billion as of the announcement, is expected to close in the first half of 2027, subject to regulatory and shareholder approvals.
