Qxo (QXO) Gross Margin (2010 - 2026)
Qxo's quarterly Gross Margin came in at 23.66% in Q1 2026, down 1634.0% year-on-year from 1.54% in Q1 2025, and down 2.05% quarter-over-quarter from 24.15% in Q4 2025.
Qxo has reported Gross Margin for 17 years, with the latest figure at 23.66% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1634.0% year-over-year to 23.66%; the trailing twelve-month figure through Mar 2026 stood at 23.09% (down 1769.0% YoY), and the FY2025 full-year result was 22.99%, down 1761.0% from the prior year.
- Gross Margin for Q1 2026 stood at 23.66%, down from 24.15% in the prior quarter.
- The five-year high for Gross Margin was 42.68% in Q1 2022, with the low at 21.07% in Q2 2025.
- Average Gross Margin over 5 years is 36.07%, with a median of 39.19% recorded in 2024.
- Year-over-year, Gross Margin soared 232 bps in 2024 and sank 1893 bps in 2025.
- Tracing QXO's Gross Margin over 5 years: stood at 37.88% in 2022, then advanced by 3 bps to 38.89% in 2023, then rose by 6 bps to 41.22% in 2024, then plunged by 41 bps to 24.15% in 2025, then slipped by 2 bps to 23.66% in 2026.
- The last three Gross Margin figures came in at 23.66% (Q1 2026), 24.15% (Q4 2025), and 23.3% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Qxo | 12.41 Bn | 9.36 Bn | 409.30 Mn | 23.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.66% |
| Dec 31, 2025 | 24.15% |
| Sep 30, 2025 | 23.30% |
| Jun 30, 2025 | 21.07% |
| Mar 31, 2025 | 40.00% |
| Dec 31, 2024 | 41.22% |
| Sep 30, 2024 | 41.98% |
| Jun 30, 2024 | 40.00% |
| Mar 31, 2024 | 39.19% |
| Dec 31, 2023 | 38.89% |
| Sep 30, 2023 | 39.86% |
| Jun 30, 2023 | 39.11% |
| Mar 31, 2023 | 40.81% |
| Dec 31, 2022 | 37.88% |
| Sep 30, 2022 | 40.57% |
| Jun 30, 2022 | 38.80% |
| Mar 31, 2022 | 42.68% |
| Dec 31, 2021 | 40.56% |
| Sep 30, 2021 | 38.97% |
| Jun 30, 2021 | 41.75% |
| Mar 31, 2021 | 43.63% |
| Dec 31, 2020 | 41.88% |
| Sep 30, 2020 | 39.89% |
| Jun 30, 2020 | 40.72% |
| Mar 31, 2020 | 38.22% |
| Dec 31, 2019 | 37.35% |
| Sep 30, 2019 | 36.61% |
| Jun 30, 2019 | 38.13% |
| Mar 31, 2019 | 40.43% |
| Dec 31, 2018 | 38.84% |
| Sep 30, 2018 | 37.57% |
| Jun 30, 2018 | 41.58% |
| Mar 31, 2018 | 42.33% |
| Dec 31, 2017 | 37.54% |
| Sep 30, 2017 | 39.51% |
| Jun 30, 2017 | 40.01% |
| Mar 31, 2017 | 42.32% |
| Dec 31, 2016 | 303.53% |
| Sep 30, 2016 | 37.27% |
| Jun 30, 2016 | 39.13% |
| Mar 31, 2016 | 42.33% |
| Dec 31, 2015 | 13.48% |
| Sep 30, 2015 | 335.96% |
| Jun 30, 2015 | 40.64% |
| Mar 31, 2015 | 54.90% |
| Dec 31, 2014 | -20.30% |
| Sep 30, 2014 | 190.19% |
| Jun 30, 2014 | 52.18% |
| Mar 31, 2014 | 42.75% |
| Dec 31, 2013 | 111.04% |
| Sep 30, 2013 | 163.89% |
| Jun 30, 2013 | 41.51% |
| Mar 31, 2013 | 40.43% |
| Dec 31, 2012 | -20.91% |
| Sep 30, 2012 | 52.99% |
| Jun 30, 2012 | 42.24% |
| Mar 31, 2012 | 329.53% |
| Dec 31, 2011 | 15.84% |
| Sep 30, 2011 | 50.19% |
| Jun 30, 2011 | 43.27% |
| Mar 31, 2011 | 63.72% |
| Dec 31, 2010 | 14.37% |
| Sep 30, 2010 | 49.35% |
| Jun 30, 2010 | 285.65% |