Qxo (QXO) Tax Rate (2014 - 2025)
Qxo's Tax Rate came in at 28.57% for Q2 2026, down 46.53 percentage points from 75.11% a year earlier but up 9.59 percentage points from the prior quarter.
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Analysis
Qxo (QXO) Tax Rate (2014 - 2025) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Qxo reported Tax Rate of -7.66%, down 94.76 percentage points year-over-year; for FY2025, it came in at 17.12%, down 27.77 percentage points from FY2024.
- Tax Rate carries a five-year change of -4.13 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 44.88% in FY2024 (+23.16 pp), 21.73% in FY2023 (-18.78 pp), 40.51% in FY2022 (-368.03 pp) and 408.54% in FY2021 (+387.29 pp).
- The five-year range for quarterly Tax Rate is -1227.62% (Q3 2025) to 89.79% (Q4 2022).
- Year-over-year, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of -154.71 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2022 (a gain of 105.54 percentage points), and the weakest in Q3 2025 (a drop of 1253.80 percentage points).
- Business Quant data shows QXO's Tax Rate at 18.98% (Q1 2026), 16.09% (Q4 2025) and -1227.62% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.68 Bn | 56.66 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 56.84 Bn | 55.76 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 43.23 Bn | 40.45 Bn | 2.32 Bn | 26.07% |
| 4 | Sunbelt Rentals Holdings | 30.01 Bn | 29.89 Bn | 1.25 Bn | 25.89% |
| 5 | Reliance | 19.64 Bn | 18.69 Bn | 1.30 Bn | 24.71% |
| 6 | Wesco International | 17.52 Bn | 14.83 Bn | 1.46 Bn | 22.94% |
| 7 | Applied Industrial Technologies | 12.22 Bn | 12.09 Bn | 411.22 Mn | 24.84% |
| 8 | Watsco | 10.77 Bn | 8.93 Bn | 578.93 Mn | 20.91% |
| 9 | Avantor | 10.19 Bn | 8.98 Bn | 537.00 Mn | 53.08% |
| 10 | Qxo | 2.38 Bn | -8.10 Bn | 803.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2025 | 49.13% |
| Dec 31, 2024 | 59.93% |
| Sep 30, 2024 | 26.18% |
| Mar 31, 2024 | 33.65% |
| Jun 30, 2023 | 21.64% |
| Mar 31, 2023 | 21.23% |
| Jun 30, 2021 | 33.78% |
| Mar 31, 2021 | 26.61% |
| Dec 31, 2020 | 19.92% |
| Sep 30, 2020 | 36.31% |
| Jun 30, 2020 | 25.33% |
| Jun 30, 2018 | 28.90% |
| Mar 31, 2018 | 28.48% |
| Sep 30, 2017 | 41.29% |
| Jun 30, 2017 | 34.21% |
| Mar 31, 2017 | 45.00% |
| Dec 31, 2016 | 47.98% |
| Mar 31, 2016 | 45.03% |
| Sep 30, 2015 | 51.58% |
| Jun 30, 2015 | 37.00% |
API Access
Qxo Tax Rate 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=tax-rate&ticker=QXO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=QXO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();