Qxo (QXO) Tax Provisions (2013 - 2026)
Qxo (QXO) recorded quarterly Tax Provisions of -$53.2 million in Q1 2026, down 207.51% quarter-over-quarter from -$17.3 million in Q4 2025, and down 725.88% on a YoY basis from $8.5 million in Q1 2025.
Qxo (QXO) Tax Provisions (2013 - 2026) Analysis & Trends
Qxo's Tax Provisions history runs 14 years deep, the most recent figure standing at -$53.2 million for Q1 2026.
- In Q1 2026, Tax Provisions fell 725.88% year-over-year to -$53.2 million; the TTM figure through Mar 2026 stood at -$119.4 million (down 481.47% YoY), while the FY2025 annual figure was -$57.7 million, down 353.07% from the prior year.
- Tax Provisions was -$53.2 million for Q1 2026 at Qxo, down from -$17.3 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $128.9 million in Q3 2025 to a low of -$177.8 million in Q2 2025.
- Historically, Tax Provisions has averaged -$5.2 million across 5 years, with a median of -$7061.0 in 2022.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions soared 153736.36% in 2024, then plunged 88800.0% in 2025.
- A 5-year view of Tax Provisions shows it stood at -$63163.0 in 2022, then surged by 82.58% to -$11000.0 in 2023, then jumped by 153736.36% to $16.9 million in 2024, then tumbled by 202.37% to -$17.3 million in 2025, then tumbled by 207.51% to -$53.2 million in 2026.
- The last three Tax Provisions figures came in at -$53.2 million (Q1 2026), -$17.3 million (Q4 2025), and $128.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.94 Bn | 62.76 Bn | 1.75 Bn | 141.00 Mn |
| 2 | Fastenal | 53.43 Bn | 53.12 Bn | 982.90 Mn | 108.60 Mn |
| 3 | Ferguson Enterprises | 44.77 Bn | 43.95 Bn | 2.32 Bn | 146.00 Mn |
| 4 | Wesco International | 16.87 Bn | 16.17 Bn | 1.29 Bn | 43.10 Mn |
| 5 | Watsco | 14.40 Bn | 14.26 Bn | 427.56 Mn | 23.70 Mn |
| 6 | Qxo | 12.38 Bn | 9.33 Bn | 409.30 Mn | -53.20 Mn |
| 7 | Applied Industrial Technologies | 11.89 Bn | 11.72 Bn | 380.80 Mn | 35.36 Mn |
| 8 | Core & Main | 9.06 Bn | 8.99 Bn | 520.00 Mn | 37.00 Mn |
| 9 | Pool | 7.12 Bn | 7.04 Bn | 329.87 Mn | 16.98 Mn |
| 10 | Msc Industrial Direct | 6.50 Bn | 6.45 Bn | 377.59 Mn | 13.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -53.20 Mn |
| Dec 31, 2025 | -17.30 Mn |
| Sep 30, 2025 | 128.90 Mn |
| Jun 30, 2025 | -177.80 Mn |
| Mar 31, 2025 | 8.50 Mn |
| Dec 31, 2024 | 16.90 Mn |
| Sep 30, 2024 | 6.10 Mn |
| Jun 30, 2024 | -200,000.00 |
| Mar 31, 2024 | 70,000.00 |
| Dec 31, 2023 | -11,000.00 |
| Sep 30, 2023 | -456,000.00 |
| Jun 30, 2023 | 95,000.00 |
| Mar 31, 2023 | 74,791.00 |
| Dec 31, 2022 | -63,163.00 |
| Sep 30, 2022 | -7,061.00 |
| Jun 30, 2022 | -15,280.00 |
| Mar 31, 2022 | 2,088.00 |
| Dec 31, 2021 | 3,498.00 |
| Sep 30, 2021 | -68,636.00 |
| Jun 30, 2021 | 66,448.00 |