Qxo (QXO) Operating Margin (2010 - 2026)
Qxo (QXO) recorded quarterly Operating Margin of 14.56% in Q1 2026, down 359.62% quarter-over-quarter from 3.17% in Q4 2025, and up 27655.0% on a YoY basis from N/an in Q1 2025.
Qxo (QXO) Operating Margin (2010 - 2026) Analysis & Trends
Qxo's Operating Margin history runs 17 years deep, the most recent figure standing at 14.56% for Q1 2026.
- In Q1 2026, Operating Margin rose 27655.0% year-over-year to 14.56%; the TTM figure through Mar 2026 stood at 5.35% (up 19233.0% YoY), while the FY2025 annual figure was 3.58%, up 12120.0% from the prior year.
- Operating Margin was 14.56% for Q1 2026 at Qxo, down from 3.17% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 3.44% in Q2 2023 to a low of 291.11% in Q1 2025.
- Historically, Operating Margin has averaged 49.37% across 5 years, with a median of 1.36% in 2022.
- The sharpest annual moves came in 2025 and 2026: Operating Margin sank 29269 bps in 2025, then soared 27655 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 1.36% in 2022, then surged by 311 bps to 2.87% in 2023, then sank by 7919 bps to 224.32% in 2024, then soared by 99 bps to 3.17% in 2025, then slumped by 360 bps to 14.56% in 2026.
- The last three Operating Margin figures came in at 14.56% (Q1 2026), 3.17% (Q4 2025), and 0.95% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.94 Bn | 62.76 Bn | 1.75 Bn | 14.33% |
| 2 | Fastenal | 53.43 Bn | 53.12 Bn | 982.90 Mn | 20.33% |
| 3 | Ferguson Enterprises | 44.77 Bn | 43.95 Bn | 2.32 Bn | 8.19% |
| 4 | Wesco International | 16.87 Bn | 16.17 Bn | 1.29 Bn | 4.83% |
| 5 | Watsco | 14.40 Bn | 14.26 Bn | 427.56 Mn | 7.19% |
| 6 | Qxo | 12.38 Bn | 9.33 Bn | 409.30 Mn | -14.56% |
| 7 | Applied Industrial Technologies | 11.89 Bn | 11.72 Bn | 380.80 Mn | 11.02% |
| 8 | Core & Main | 9.06 Bn | 8.99 Bn | 520.00 Mn | 9.27% |
| 9 | Pool | 7.12 Bn | 7.04 Bn | 329.87 Mn | 7.26% |
| 10 | Msc Industrial Direct | 6.50 Bn | 6.45 Bn | 377.59 Mn | 7.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.56% |
| Dec 31, 2025 | -3.17% |
| Sep 30, 2025 | 0.95% |
| Jun 30, 2025 | -8.50% |
| Mar 31, 2025 | -291.11% |
| Dec 31, 2024 | -224.32% |
| Sep 30, 2024 | -257.25% |
| Jun 30, 2024 | -29.66% |
| Mar 31, 2024 | 1.58% |
| Dec 31, 2023 | 2.87% |
| Sep 30, 2023 | -19.06% |
| Jun 30, 2023 | 3.44% |
| Mar 31, 2023 | 2.81% |
| Dec 31, 2022 | -1.36% |
| Sep 30, 2022 | -1.08% |
| Jun 30, 2022 | -0.74% |
| Mar 31, 2022 | -0.18% |
| Dec 31, 2021 | -6.08% |
| Sep 30, 2021 | -2.87% |
| Jun 30, 2021 | 1.99% |