Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Common Stock
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol XPO.
As of January 30, 2026, there were approximately 49 registered holders of our common stock. We have never paid, and have no immediate plans to pay, cash dividends on our common stock.
Stock Performance Graph
The graph below compares the cumulative five-year total return of holders of our common stock with the cumulative performance of the S&P Transportation Select Industry index and the S&P 400 MidCap index, of which we are a component. The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, 2020 and that all dividends and other distributions, including the effect of Spin-offs, were reinvested. The comparisons in the graph below are based on historical data and not indicative of, or intended to forecast, future performance of our common stock.
12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25
XPO, Inc. $ 100.00 $ 113.76 $ 77.59 $ 204.16 $ 305.69 $ 316.78
S&P Transportation Select Industry $ 100.00 $ 134.42 $ 96.77 $ 121.64 $ 127.78 $ 136.28
S&P 400 MidCap $ 100.00 $ 124.76 $ 108.47 $ 126.29 $ 143.88 $ 154.68
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Issuer Purchases of Equity Securities
The following table summarizes our purchases of our common stock for the quarter ended December 31, 2025:
(In millions, except share and per share data) Total Number of Shares Purchased (1)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
October 1, 2025 - October 31, 2025 — $ — — $ 690
November 1, 2025 - November 30, 2025 393,355 134.15 393,355 637
December 1, 2025 - December 31, 2025 89,998 135.86 89,998 625
Total 483,353 $ 134.47 483,353 $ 625
(1) Based on trade date.
(2) On March 27, 2025, we announced that our Board of Directors authorized repurchases of up to $750 million of our common stock. The program has no expiration date and may be utilized over time, with no obligation to repurchase any specific number of shares. We may suspend or discontinue the program at any time. For further details, refer to Note 13—Stockholders’ Equity to our Consolidated Financial Statements.
ITEM 6. [RESERVED]
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