Qxo (QXO-PB) Tax Rate (2013 - 2026)
Qxo (QXO-PB) recorded quarterly Tax Rate of 18.98% in Q1 2026, up 17.94% quarter-over-quarter from 16.09% in Q4 2025, and down 3015.0% on a YoY basis from 0.65% in Q1 2025.
Qxo (QXO-PB) Tax Rate (2013 - 2026) Analysis & Trends
Qxo's Tax Rate history runs 14 years deep, the most recent figure standing at 18.98% for Q1 2026.
- In Q1 2026, Tax Rate fell 3015.0% year-over-year to 18.98%; the TTM figure through Mar 2026 stood at 18.82% (down 2721.0% YoY), while the FY2025 annual figure was 17.12%, down 2777.0% from the prior year.
- Tax Rate was 18.98% for Q1 2026 at Qxo, up from 16.09% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 75.24% in Q2 2025 to a low of 1227.62% in Q3 2025.
- Historically, Tax Rate has averaged 48.12% across 5 years, with a median of 21.23% in 2023.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 6263 bps in 2024, then plunged 125380 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 32.98% in 2022, then tumbled by 108 bps to 2.7% in 2023, then jumped by 2323 bps to 59.93% in 2024, then tumbled by 73 bps to 16.09% in 2025, then grew by 18 bps to 18.98% in 2026.
- The last three Tax Rate figures came in at 18.98% (Q1 2026), 16.09% (Q4 2025), and 1227.62% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.94 Bn | 62.76 Bn | 1.75 Bn | 22.74% |
| 2 | Fastenal | 53.43 Bn | 53.12 Bn | 982.90 Mn | 24.22% |
| 3 | Ferguson Enterprises | 44.77 Bn | 43.95 Bn | 2.32 Bn | 26.07% |
| 4 | Wesco International | 16.87 Bn | 16.17 Bn | 1.29 Bn | 21.86% |
| 5 | Watsco | 14.40 Bn | 14.26 Bn | 427.56 Mn | 20.32% |
| 6 | Qxo | 12.38 Bn | 9.33 Bn | 409.30 Mn | 18.98% |
| 7 | Applied Industrial Technologies | 11.89 Bn | 11.72 Bn | 380.80 Mn | 26.17% |
| 8 | Core & Main | 9.06 Bn | 8.99 Bn | 520.00 Mn | 24.67% |
| 9 | Pool | 7.12 Bn | 7.04 Bn | 329.87 Mn | 24.17% |
| 10 | Qxo | - | - | 409.30 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.98% |
| Mar 31, 2026 | 18.98% |
| Dec 31, 2025 | 16.09% |
| Dec 31, 2025 | 16.09% |
| Sep 30, 2025 | -1,227.62% |
| Sep 30, 2025 | -1,227.62% |
| Jun 30, 2025 | 75.24% |
| Jun 30, 2025 | 75.24% |
| Mar 31, 2025 | 49.13% |
| Mar 31, 2025 | 49.13% |
| Dec 31, 2024 | 59.93% |
| Dec 31, 2024 | 59.93% |
| Sep 30, 2024 | 26.18% |
| Sep 30, 2024 | 26.18% |
| Jun 30, 2024 | 25.00% |
| Jun 30, 2024 | 25.00% |
| Mar 31, 2024 | 33.65% |
| Mar 31, 2024 | 33.65% |
| Dec 31, 2023 | -2.70% |
| Dec 31, 2023 | -2.70% |