Qxo (QXO) Tax Rate (2014 - 2025)
Qxo's Tax Rate came in at 49.13% for Q1 2025, up 15.48 percentage points from 33.65% a year earlier but down 10.80 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 Mar 31, 2025, Qxo reported Tax Rate of 46.03%; for FY2024, it came in at 44.88%.
- Tax Rate carries a four-year change of +23.63 percentage points (FY2020 to FY2024).
- Going back by year, Tax Rate was 408.54% in FY2021 (+387.29 pp) and 21.25% in FY2020.
- The five-year range for quarterly Tax Rate is 19.92% (Q4 2020) to 59.93% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 69.71 Bn | 67.47 Bn | 2.01 Bn | 24.32% |
| 2 | United Rentals | 69.67 Bn | 68.79 Bn | 2.05 Bn | 25.26% |
| 3 | Fastenal | 63.32 Bn | 62.32 Bn | 1.10 Bn | 24.40% |
| 4 | Ferguson Enterprises | 49.80 Bn | 47.02 Bn | 2.32 Bn | 26.07% |
| 5 | Sunbelt Rentals Holdings | 33.71 Bn | 33.59 Bn | 1.25 Bn | 25.89% |
| 6 | Reliance | 21.79 Bn | 20.85 Bn | 1.45 Bn | 24.16% |
| 7 | Wesco International | 15.66 Bn | 12.70 Bn | 1.57 Bn | 24.43% |
| 8 | Qxo | 13.09 Bn | 4.38 Bn | 1.38 Bn | - |
| 9 | Watsco | 11.10 Bn | 9.17 Bn | 586.29 Mn | 20.44% |
| 10 | Applied Industrial Technologies | 10.86 Bn | 10.75 Bn | 392.21 Mn | 21.67% |
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();