What is the annual income of GXO?

The annual income of GXO, specifically its net income attributable to the company for the full year 2023, was $229 million. This figure represents the company's profit after all expenses, including operating costs, interest, and taxes, have been accounted for.

Understanding GXO's Financial Performance

When discussing a company's "annual income," it's important to differentiate between various financial metrics that indicate profitability and financial health. These typically include revenue, operating income, and net income.

• Revenue: This is the total amount of money a company generates from its sales of goods or services before any expenses are deducted. It's often referred to as the "top line."
• Operating Income: This represents the profit a company makes from its core business operations after deducting operating expenses (like salaries, rent, and utilities) from its revenue. It shows how efficiently a company is running its primary business activities.
• Net Income: Also known as the "bottom line," net income is the total profit remaining after all expenses, including operating costs, interest expenses, and taxes, have been subtracted from revenue. This is the ultimate measure of a company's profitability.

For GXO, the financial results for the full year 2023 showed an increase across all key income metrics compared to the previous year.

GXO's Key Financial Highlights (2023 vs. 2022)

The table below summarizes GXO's performance for the full years 2023 and 2022, providing a clear overview of its financial growth:

As demonstrated, GXO saw significant growth in its financial performance from 2022 to 2023. Revenue increased by $0.8 billion, operating income grew by $76 million, and most notably, the net income attributable to GXO increased by $32 million, reflecting a stronger overall financial year. This upward trend indicates robust operational efficiency and enhanced profitability for the company.