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Booking vs GXO Logistics: revenue, profit, margins and growth compared

Booking brought in $26.9B of revenue in fiscal 2025, GXO Logistics $13.2B in fiscal 2025. Revenue changed by +13.4% at Booking and +12.5% at GXO Logistics on the year before, so Booking grew faster. Booking kept 20.1% of its revenue as net profit, GXO Logistics 0.2%. Free cash flow was $9.1B at Booking and $110M at GXO Logistics.

Side by side, latest fiscal year

BKNGGXO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$26.9B$13.2B
Revenue growth+13.4%+12.5%
Net income$5.4B$32M
Net margin20.1%0.2%
Free cash flow$9.1B$110M
Free cash flow margin33.8%0.8%
Earnings per share (diluted)$165.57$0.28
Cash$17.2B$854M
Debt$18.7B$3.1B
Price to earnings1.0161.4
Market value$123.2B$5.2B
Dividend yield5.86%n/a
Rank by revenue in sector#40 of 778 · Consumer discretionary#99 of 778 · Consumer discretionary

Over the years

Revenue
BKNG FY2018: $14.5BBKNG FY2019: $15.1BBKNG FY2020: $6.8BBKNG FY2021: $11BBKNG FY2022: $17.1BBKNG FY2023: $21.4BBKNG FY2024: $23.7BBKNG FY2025: $26.9BGXO FY2019: $6.1BGXO FY2021: $6.2BGXO FY2021: $7.9BGXO FY2022: $9BGXO FY2023: $9.8BGXO FY2024: $11.7BGXO FY2025: $13.2BFY18FY19FY20FY21FY22FY23FY24FY25
BKNG $26.9BGXO $13.2B
Net income
BKNG FY2018: $4BBKNG FY2019: $4.9BBKNG FY2020: $59MBKNG FY2021: $1.2BBKNG FY2022: $3.1BBKNG FY2023: $4.3BBKNG FY2024: $5.9BBKNG FY2025: $5.4BGXO FY2019: $60MGXO FY2021: -$31MGXO FY2021: $153MGXO FY2022: $197MGXO FY2023: $229MGXO FY2024: $134MGXO FY2025: $32MFY18FY19FY20FY21FY22FY23FY24FY25
BKNG $5.4BGXO $32M
Net margin
BKNG FY2018: 27.5%BKNG FY2019: 32.3%BKNG FY2020: 0.9%BKNG FY2021: 10.6%BKNG FY2022: 17.9%BKNG FY2023: 20.1%BKNG FY2024: 24.8%BKNG FY2025: 20.1%GXO FY2019: 1.0%GXO FY2021: -0.5%GXO FY2021: 1.9%GXO FY2022: 2.2%GXO FY2023: 2.3%GXO FY2024: 1.1%GXO FY2025: 0.2%FY18FY19FY20FY21FY22FY23FY24FY25
BKNG 20.1%GXO 0.2%
Revenue growth
BKNG FY2019: +3.7%BKNG FY2020: -54.9%BKNG FY2021: +61.2%BKNG FY2022: +56.0%BKNG FY2023: +25.0%BKNG FY2024: +11.1%BKNG FY2025: +13.4%GXO FY2021: +1.7%GXO FY2021: +28.2%GXO FY2022: +13.3%GXO FY2023: +8.7%GXO FY2024: +19.7%GXO FY2025: +12.5%FY19FY20FY21FY22FY23FY24FY25
BKNG +13.4%GXO +12.5%
Free cash flow
BKNG FY2018: $4.9BBKNG FY2019: $4.5BBKNG FY2020: -$201MBKNG FY2021: $2.5BBKNG FY2022: $6.2BBKNG FY2023: $7BBKNG FY2024: $7.9BBKNG FY2025: $9.1BGXO FY2019: -$77MGXO FY2021: $111MGXO FY2021: $205MGXO FY2022: $200MGXO FY2023: $284MGXO FY2024: $190MGXO FY2025: $110MFY18FY19FY20FY21FY22FY23FY24FY25
BKNG $9.1BGXO $110M

Fiscal years as each company reports them; the two may end in different months.

Questions about Booking and GXO Logistics

Which is bigger by revenue, Booking or GXO Logistics?

Booking is bigger by revenue: $26.9B in fiscal 2025, against $13.2B for GXO Logistics in fiscal 2025.

Which keeps more of its revenue as profit, Booking or GXO Logistics?

Booking had a net margin of 20.1% in fiscal 2025; GXO Logistics had 0.2% in fiscal 2025.

Which grew revenue faster, Booking or GXO Logistics?

In their latest fiscal years revenue changed by +13.4% at Booking and +12.5% at GXO Logistics.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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