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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and XPO, Inc. (XPO). Click either name above to swap in a different company.

XPO, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.8× eXp World Holdings, Inc.). XPO, Inc. runs the higher net margin — 4.8% vs -1.1%, a 5.9% gap on every dollar of revenue. On growth, eXp World Holdings, Inc. posted the faster year-over-year revenue change (8.5% vs 7.3%). Over the past eight quarters, eXp World Holdings, Inc.'s revenue compounded faster (12.4% CAGR vs 0.4%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.

EXPI vs XPO — Head-to-Head

Bigger by revenue
XPO
XPO
1.8× larger
XPO
$2.1B
$1.2B
EXPI
Growing faster (revenue YoY)
EXPI
EXPI
+1.3% gap
EXPI
8.5%
7.3%
XPO
Higher net margin
XPO
XPO
5.9% more per $
XPO
4.8%
-1.1%
EXPI
Faster 2-yr revenue CAGR
EXPI
EXPI
Annualised
EXPI
12.4%
0.4%
XPO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EXPI
EXPI
XPO
XPO
Revenue
$1.2B
$2.1B
Net Profit
$-12.9M
$101.0M
Gross Margin
Operating Margin
-1.1%
8.3%
Net Margin
-1.1%
4.8%
Revenue YoY
8.5%
7.3%
Net Profit YoY
-35.7%
46.4%
EPS (diluted)
$-0.08
$0.85

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPI
EXPI
XPO
XPO
Q1 26
$2.1B
Q4 25
$1.2B
$2.0B
Q3 25
$1.3B
$2.1B
Q2 25
$1.3B
$2.1B
Q1 25
$954.9M
$2.0B
Q4 24
$1.1B
$1.9B
Q3 24
$1.2B
$2.1B
Q2 24
$1.3B
$2.1B
Net Profit
EXPI
EXPI
XPO
XPO
Q1 26
$101.0M
Q4 25
$-12.9M
$59.0M
Q3 25
$3.5M
$82.0M
Q2 25
$-2.3M
$106.0M
Q1 25
$-11.0M
$69.0M
Q4 24
$-9.5M
$75.0M
Q3 24
$-8.5M
$95.0M
Q2 24
$12.4M
$150.0M
Gross Margin
EXPI
EXPI
XPO
XPO
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Operating Margin
EXPI
EXPI
XPO
XPO
Q1 26
8.3%
Q4 25
-1.1%
7.1%
Q3 25
0.3%
7.8%
Q2 25
-0.2%
9.5%
Q1 25
-1.1%
7.7%
Q4 24
-1.0%
7.8%
Q3 24
-0.7%
8.6%
Q2 24
1.4%
9.5%
Net Margin
EXPI
EXPI
XPO
XPO
Q1 26
4.8%
Q4 25
-1.1%
2.9%
Q3 25
0.3%
3.9%
Q2 25
-0.2%
5.1%
Q1 25
-1.2%
3.5%
Q4 24
-0.9%
3.9%
Q3 24
-0.7%
4.6%
Q2 24
1.0%
7.2%
EPS (diluted)
EXPI
EXPI
XPO
XPO
Q1 26
$0.85
Q4 25
$-0.08
$0.49
Q3 25
$0.02
$0.68
Q2 25
$-0.01
$0.89
Q1 25
$-0.07
$0.58
Q4 24
$-0.06
$0.63
Q3 24
$-0.06
$0.79
Q2 24
$0.08
$1.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
XPO
XPO
Cash + ST InvestmentsLiquidity on hand
$124.2M
$237.0M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$242.8M
$1.9B
Total Assets
$442.5M
$8.2B
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
XPO
XPO
Q1 26
$237.0M
Q4 25
$124.2M
$310.0M
Q3 25
$112.8M
$335.0M
Q2 25
$94.6M
$225.0M
Q1 25
$115.7M
$212.0M
Q4 24
$113.6M
$246.0M
Q3 24
$130.4M
$378.0M
Q2 24
$108.4M
$250.0M
Total Debt
EXPI
EXPI
XPO
XPO
Q1 26
$3.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
EXPI
EXPI
XPO
XPO
Q1 26
$1.9B
Q4 25
$242.8M
$1.9B
Q3 25
$235.3M
$1.8B
Q2 25
$218.4M
$1.8B
Q1 25
$212.0M
$1.6B
Q4 24
$204.9M
$1.6B
Q3 24
$211.1M
$1.6B
Q2 24
$220.3M
$1.5B
Total Assets
EXPI
EXPI
XPO
XPO
Q1 26
$8.2B
Q4 25
$442.5M
$8.2B
Q3 25
$458.7M
$8.2B
Q2 25
$481.2M
$8.1B
Q1 25
$435.8M
$7.9B
Q4 24
$390.7M
$7.7B
Q3 24
$432.6M
$7.9B
Q2 24
$457.4M
$7.7B
Debt / Equity
EXPI
EXPI
XPO
XPO
Q1 26
1.77×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPI
EXPI
XPO
XPO
Operating Cash FlowLast quarter
$13.8M
$183.0M
Free Cash FlowOCF − Capex
$11.9M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
XPO
XPO
Q1 26
$183.0M
Q4 25
$13.8M
Q3 25
$28.9M
$371.0M
Q2 25
$36.1M
$247.0M
Q1 25
$39.8M
$142.0M
Q4 24
$13.7M
$189.0M
Q3 24
$46.0M
$264.0M
Q2 24
$71.1M
$210.0M
Free Cash Flow
EXPI
EXPI
XPO
XPO
Q1 26
Q4 25
$11.9M
Q3 25
$26.6M
$215.0M
Q2 25
$33.3M
$51.0M
Q1 25
$37.3M
$-57.0M
Q4 24
$11.6M
$23.0M
Q3 24
$44.4M
$137.0M
Q2 24
$69.7M
$20.0M
FCF Margin
EXPI
EXPI
XPO
XPO
Q1 26
Q4 25
1.0%
Q3 25
2.0%
10.2%
Q2 25
2.5%
2.5%
Q1 25
3.9%
-2.9%
Q4 24
1.1%
1.2%
Q3 24
3.6%
6.7%
Q2 24
5.4%
1.0%
Capex Intensity
EXPI
EXPI
XPO
XPO
Q1 26
Q4 25
0.2%
5.3%
Q3 25
0.2%
7.4%
Q2 25
0.2%
9.4%
Q1 25
0.3%
10.2%
Q4 24
0.2%
8.6%
Q3 24
0.1%
6.2%
Q2 24
0.1%
9.1%
Cash Conversion
EXPI
EXPI
XPO
XPO
Q1 26
1.81×
Q4 25
Q3 25
8.26×
4.52×
Q2 25
2.33×
Q1 25
2.06×
Q4 24
2.52×
Q3 24
2.78×
Q2 24
5.75×
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

XPO
XPO

Segment breakdown not available.

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