Qxo (QXO) Gross Margin (2010 - 2026)
Qxo (QXO) posted Gross Margin of 24.74% for Q2 2026, up 3.70 percentage points from 21.04% a year earlier and up 1.08 percentage points from the prior quarter.
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Analysis
Qxo (QXO) Gross Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Qxo was 24.02%, up 2.56 percentage points year-over-year; for FY2025, it came in at 22.99%, down 17.61 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -17.24 percentage points (FY2020 to FY2025).
- In prior years, Qxo's Gross Margin was 40.60% in FY2024 (+0.95 pp), 39.65% in FY2023 (-0.28 pp), 39.93% in FY2022 (-1.34 pp) and 41.26% in FY2021 (+1.04 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -7.76 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2026, with a gain of 3.70 percentage points; the weakest was Q2 2025, with a drop of 18.96 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 23.66% (Q1 2026), 24.15% (Q4 2025) and 23.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 31.02% |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 40.10% |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 28.09% |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 21.85% |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 30.40% |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 27.50% |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 31.73% |
| 10 | Qxo | 2.37 Bn | -8.12 Bn | 803.00 Mn | 24.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.74% |
| Mar 31, 2026 | 23.66% |
| Dec 31, 2025 | 24.15% |
| Sep 30, 2025 | 23.30% |
| Jun 30, 2025 | 21.04% |
| 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% |
API Access
Qxo Gross Margin 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=gross-margin&ticker=QXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=QXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();