Qxo (QXO) Tax Rate (2013 - 2026)

Qxo (QXO) recorded quarterly Tax Rate of 18.98% in Q1 2026, up 17.94% quarter-over-quarter from 16.09% in Q4 2025, and down 3015.0% on a YoY basis from 0.65% in Q1 2025.

Qxo (QXO) Tax Rate (2013 - 2026) Analysis & Trends

Qxo's Tax Rate history runs 14 years deep, the most recent figure standing at 18.98% for Q1 2026.

  • In Q1 2026, Tax Rate fell 3015.0% year-over-year to 18.98%; the TTM figure through Mar 2026 stood at 18.82% (down 2721.0% YoY), while the FY2025 annual figure was 17.12%, down 2777.0% from the prior year.
  • Tax Rate was 18.98% for Q1 2026 at Qxo, up from 16.09% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 75.24% in Q2 2025 to a low of 1227.62% in Q3 2025.
  • Historically, Tax Rate has averaged 48.12% across 5 years, with a median of 21.23% in 2023.
  • The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 6263 bps in 2024, then plunged 125380 bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 32.98% in 2022, then tumbled by 108 bps to 2.7% in 2023, then jumped by 2323 bps to 59.93% in 2024, then tumbled by 73 bps to 16.09% in 2025, then grew by 18 bps to 18.98% in 2026.
  • The last three Tax Rate figures came in at 18.98% (Q1 2026), 16.09% (Q4 2025), and 1227.62% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 W.W. Grainger 62.94 Bn 62.76 Bn 1.75 Bn 22.74%
2 Fastenal 53.43 Bn 53.12 Bn 982.90 Mn 24.22%
3 Ferguson Enterprises 44.77 Bn 43.95 Bn 2.32 Bn 26.07%
4 Wesco International 16.87 Bn 16.17 Bn 1.29 Bn 21.86%
5 Watsco 14.40 Bn 14.26 Bn 427.56 Mn 20.32%
6 Qxo 12.38 Bn 9.33 Bn 409.30 Mn 18.98%
7 Applied Industrial Technologies 11.89 Bn 11.72 Bn 380.80 Mn 26.17%
8 Core & Main 9.06 Bn 8.99 Bn 520.00 Mn 24.67%
9 Pool 7.12 Bn 7.04 Bn 329.87 Mn 24.17%
10 Msc Industrial Direct 6.50 Bn 6.45 Bn 377.59 Mn 24.74%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.98%
Mar 31, 2026 18.98%
Dec 31, 2025 16.09%
Dec 31, 2025 16.09%
Sep 30, 2025 -1,227.62%
Sep 30, 2025 -1,227.62%
Jun 30, 2025 75.24%
Jun 30, 2025 75.24%
Mar 31, 2025 49.13%
Mar 31, 2025 49.13%
Dec 31, 2024 59.93%
Dec 31, 2024 59.93%
Sep 30, 2024 26.18%
Sep 30, 2024 26.18%
Jun 30, 2024 25.00%
Jun 30, 2024 25.00%
Mar 31, 2024 33.65%
Mar 31, 2024 33.65%
Dec 31, 2023 -2.70%
Dec 31, 2023 -2.70%