Qxo (QXO) Operating Expenses (2010 - 2026)
Qxo (QXO) posted quarterly Operating Expenses of $661.2 million for Q1 2026, up 1379.19% year-over-year from $44.7 million in Q1 2025, and up 10.31% quarter-over-quarter from $599.4 million in Q4 2025.
Qxo (QXO) 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 for Q1 2026 stood at $661.2 million, up from $599.4 million in the prior quarter.
- The five-year high for Operating Expenses was $661.2 million in Q1 2026, with the low at $4.2 million in Q2 2022.
- The 5-year median for Operating Expenses is $7.9 million (2023), against an average of $153.8 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses decreased 0.42% in 2022, then jumped 5482.18% in 2025.
- Qxo's Operating Expenses stood at $4.9 million in 2022, then climbed by 8.83% to $5.3 million in 2023, then soared by 641.65% to $39.3 million in 2024, then soared by 1425.19% to $599.4 million in 2025, then grew by 10.31% to $661.2 million in 2026.
- Business Quant data shows QXO's Operating Expenses at $661.2 million in Q1 2026, $599.4 million in Q4 2025, and $610.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 1.18 Bn |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 561.80 Mn |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 1.02 Bn |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 242.88 Mn |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 348.99 Mn |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 343.00 Mn |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 273.08 Mn |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 323.66 Mn |
| 10 | Qxo | 3.02 Bn | -22.03 Mn | 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 |