RXO Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of RXO Inc. (RXO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Reportable Segment | $4.80B 100.0% | $3.93B 100.0% · -18.1% | $4.55B 100.0% · +15.9% | $5.74B 100.0% · +26.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Truck brokerage | $1.68B 50.2% | $2.75B 58.6% · +63.2% | $2.93B 61.1% · +6.5% | $2.36B 60.0% · -19.5% | $3.03B 66.6% · +28.5% | $4.23B 73.6% · +39.5% |
| Last mile | $908.0M 27.0% | $1.02B 21.7% · +11.9% | $1.06B 22.1% · +4.4% | $1.01B 25.8% · -4.4% | $1.06B 23.2% · +4.0% | $1.20B 20.8% · +13.4% |
| Managed transportation | $582.0M 17.3% | $603.0M 12.9% · +3.6% | $945.0M 19.7% · +56.7% | $690.0M 17.6% · -27.0% | $600.0M 13.2% · -13.0% | $549.0M 9.6% · -8.5% |
| Eliminations | -$42.0M -1.3% | -$113.0M -2.4% · -169.0% | -$139.0M -2.9% · -23.0% | -$135.0M -3.4% · +2.9% | -$134.0M -2.9% · +0.7% | -$228.0M -4.0% · -70.1% |
| Freight forwarding | $225.0M 6.7% | $434.0M 9.3% · +92.9% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 14, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.