Qxo (QXO) Cost of Revenue (2010 - 2026)
Qxo (QXO) posted Cost of Revenue of $2.44 billion for Q2 2026, up 62.3% from $1.51 billion a year earlier and up 84.9% from the prior quarter.
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Analysis
Qxo (QXO) Cost of Revenue (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Qxo was $7.52 billion, up 391.7% year-over-year; for FY2025, it was $5.27 billion.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 192.4% (FY2020 to FY2025).
- In prior years, Qxo's Cost of Revenue was $33.8 million in FY2024 (+2.7%), $32.9 million in FY2023 (+21.8%), $27.02 million in FY2022 (+10.3%) and $24.49 million in FY2021 (-0.6%).
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue in data going back to Q2 2010.
- On a year-over-year basis, Cost of Revenue increased in 1 of the last four quarters, with growth averaging 11.4%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q2 2026, with growth of 62.3%; the weakest was Q1 2025, with a decline of 7.7%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $1.32 billion (Q1 2026), $1.66 billion (Q4 2025) and $2.09 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 67.37 Bn | 66.13 Bn | 1.73 Bn | 2.68 Bn |
| 2 | W.W. Grainger | 60.32 Bn | 58.30 Bn | 1.98 Bn | 3.04 Bn |
| 3 | Fastenal | 58.24 Bn | 57.16 Bn | 1.06 Bn | 1.32 Bn |
| 4 | Ferguson Enterprises | 43.34 Bn | 40.56 Bn | 2.32 Bn | 5.15 Bn |
| 5 | Sunbelt Rentals Holdings | 31.62 Bn | 31.50 Bn | 1.25 Bn | 1.87 Bn |
| 6 | Reliance | 20.43 Bn | 19.48 Bn | 1.30 Bn | 3.33 Bn |
| 7 | Wesco International | 18.60 Bn | 15.91 Bn | 1.46 Bn | 5.21 Bn |
| 8 | Applied Industrial Technologies | 12.64 Bn | 12.52 Bn | 411.22 Mn | 941.47 Mn |
| 9 | Watsco | 10.59 Bn | 8.75 Bn | 578.93 Mn | 1.53 Bn |
| 10 | Qxo | 2.46 Bn | -8.03 Bn | 803.00 Mn | 2.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.44 Bn |
| Mar 31, 2026 | 1.32 Bn |
| Dec 31, 2025 | 1.66 Bn |
| Sep 30, 2025 | 2.09 Bn |
| Jun 30, 2025 | 1.51 Bn |
| Mar 31, 2025 | 8.10 Mn |
| Dec 31, 2024 | 8.70 Mn |
| Sep 30, 2024 | 7.60 Mn |
| Jun 30, 2024 | 8.70 Mn |
| Mar 31, 2024 | 8.78 Mn |
| Dec 31, 2023 | 8.99 Mn |
| Sep 30, 2023 | 8.07 Mn |
| Jun 30, 2023 | 8.07 Mn |
| Mar 31, 2023 | 7.77 Mn |
| Dec 31, 2022 | 7.71 Mn |
| Sep 30, 2022 | 6.49 Mn |
| Jun 30, 2022 | 6.51 Mn |
| Mar 31, 2022 | 6.32 Mn |
| Dec 31, 2021 | 6.23 Mn |
| Sep 30, 2021 | 6.17 Mn |
API Access
Qxo Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=QXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "QXO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=QXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();