Qxo (QXO-PB) Operating Expenses (2010 - 2026)
Qxo (QXO-PB) recorded quarterly Operating Expenses of $661.2 million in Q1 2026, up 10.31% quarter-over-quarter from $599.4 million in Q4 2025, and up 1379.19% on a YoY basis from $44.7 million in Q1 2025.
Qxo (QXO-PB) Operating Expenses (2010 - 2026) Analysis & Trends
Qxo's Operating Expenses history runs 17 years deep, the most recent figure standing at $661.2 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 1379.19% year-over-year to $661.2 million; the TTM figure through Mar 2026 stood at $2.4 billion (up 1726.26% YoY), while the FY2025 annual figure was $1.8 billion, up 1831.88% from the prior year.
- Operating Expenses was $661.2 million for Q1 2026 at Qxo, up from $599.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $661.2 million in Q1 2026 to a low of $4.2 million in Q2 2022.
- Historically, Operating Expenses has averaged $153.8 million across 5 years, with a median of $7.9 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slipped 0.42% in 2022, then surged 5482.18% in 2025.
- A 5-year view of Operating Expenses shows it stood at $4.9 million in 2022, then grew by 8.83% to $5.3 million in 2023, then jumped by 641.65% to $39.3 million in 2024, then jumped by 1425.19% to $599.4 million in 2025, then increased by 10.31% to $661.2 million in 2026.
- The last three Operating Expenses figures came in at $661.2 million (Q1 2026), $599.4 million (Q4 2025), and $610.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.94 Bn | 62.76 Bn | 1.75 Bn | 1.11 Bn |
| 2 | Fastenal | 53.43 Bn | 53.12 Bn | 982.90 Mn | 535.30 Mn |
| 3 | Ferguson Enterprises | 44.77 Bn | 43.95 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 16.87 Bn | 16.17 Bn | 1.29 Bn | 947.60 Mn |
| 5 | Watsco | 14.40 Bn | 14.26 Bn | 427.56 Mn | 322.85 Mn |
| 6 | Qxo | 12.38 Bn | 9.33 Bn | 409.30 Mn | 661.20 Mn |
| 7 | Applied Industrial Technologies | 11.89 Bn | 11.72 Bn | 380.80 Mn | 242.88 Mn |
| 8 | Core & Main | 9.06 Bn | 8.99 Bn | 520.00 Mn | 343.00 Mn |
| 9 | Pool | 7.12 Bn | 7.04 Bn | 329.87 Mn | 247.26 Mn |
| 10 | Qxo | - | - | 409.30 Mn | 661.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 661.20 Mn |
| Dec 31, 2025 | 599.40 Mn |
| Sep 30, 2025 | 610.00 Mn |
| Jun 30, 2025 | 563.80 Mn |
| Mar 31, 2025 | 44.70 Mn |
| Dec 31, 2024 | 39.30 Mn |
| Sep 30, 2024 | 39.20 Mn |
| Jun 30, 2024 | 10.10 Mn |
| Mar 31, 2024 | 5.43 Mn |
| Dec 31, 2023 | 5.30 Mn |
| Sep 30, 2023 | 7.91 Mn |
| Jun 30, 2023 | 4.73 Mn |
| Mar 31, 2023 | 4.99 Mn |
| Dec 31, 2022 | 4.87 Mn |
| Sep 30, 2022 | 4.55 Mn |
| Jun 30, 2022 | 4.21 Mn |
| Mar 31, 2022 | 4.72 Mn |
| Dec 31, 2021 | 4.89 Mn |
| Sep 30, 2021 | 4.23 Mn |
| Jun 30, 2021 | 4.07 Mn |