Qxo (QXO) Tax Rate (2013 - 2026)
Qxo (QXO) posted quarterly Tax Rate of 18.98% for Q1 2026, down 3015.0% year-over-year from 0.65% in Q1 2025, and up 17.94% quarter-over-quarter from 16.09% in Q4 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 for Q1 2026 stood at 18.98%, up from 16.09% in the prior quarter.
- The five-year high for Tax Rate was 75.24% in Q2 2025, with the low at 1227.62% in Q3 2025.
- The 5-year median for Tax Rate is 21.23% (2023), against an average of 48.12%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate soared 6263 bps in 2024, then tumbled 125380 bps in 2025.
- Qxo's Tax Rate stood at 32.98% in 2022, then slumped by 108 bps to 2.7% in 2023, then soared by 2323 bps to 59.93% in 2024, then slumped by 73 bps to 16.09% in 2025, then climbed by 18 bps to 18.98% in 2026.
- Business Quant data shows QXO's Tax Rate at 18.98% in Q1 2026, 16.09% in Q4 2025, and 1227.62% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 26.07% |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 22.94% |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 26.17% |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 20.91% |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 24.67% |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 25.79% |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 24.50% |
| 10 | Qxo | 3.02 Bn | -22.03 Mn | 409.30 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.98% |
| Mar 31, 2026 | 18.98% |
| Mar 31, 2026 | 18.98% |
| Dec 31, 2025 | 16.09% |
| Dec 31, 2025 | 16.09% |
| Dec 31, 2025 | 16.09% |
| Sep 30, 2025 | -1,227.62% |
| Sep 30, 2025 | -1,227.62% |
| Sep 30, 2025 | -1,227.62% |
| Jun 30, 2025 | 75.24% |
| Jun 30, 2025 | 75.24% |
| Jun 30, 2025 | 75.24% |
| Mar 31, 2025 | 49.13% |
| Mar 31, 2025 | 49.13% |
| Mar 31, 2025 | 49.13% |
| Dec 31, 2024 | 59.93% |
| Dec 31, 2024 | 59.93% |
| Dec 31, 2024 | 59.93% |
| Sep 30, 2024 | 26.18% |
| Sep 30, 2024 | 26.18% |