QXO, Inc. (QXO.PB) stock
QXO.PBNYSEWholesale-Lumber & Other Construction MaterialsFiscal year ends December 31Also trades as QXO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026Score 6/3015% below fair value
$35.39+0.51 (+1.46%)
Close on Nov 2, 2026Market cap $12.12BP/E –Yield –
QXO gross margin
Gross margin is gross profit as a percentage of revenue.
QXO's gross margin for the twelve months ending Jun 30, 2026 was 24.0%. For fiscal 2025 it was 23.0%, against 40.6% the year before. The highest annual figure on record is 42.7% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 23.0% | −17.6 |
| FY2024 | Dec 31, 2024 | 40.6% | +1.0 |
| FY2023 | Dec 31, 2023 | 39.6% | −0.3 |
| FY2022 | Dec 31, 2022 | 39.9% | −1.3 |
| FY2021 | Dec 31, 2021 | 41.3% | +1.0 |
| FY2020 | Dec 31, 2020 | 40.2% | +2.1 |
| FY2019 | Dec 31, 2019 | 38.1% | −0.3 |
| FY2018 | Dec 31, 2018 | 38.4% | −1.4 |
| FY2017 | Dec 31, 2017 | 39.8% | +2.5 |
| FY2016 | Dec 31, 2016 | 37.3% | −1.9 |
| FY2015 | Dec 31, 2015 | 39.2% | −0.7 |
| FY2014 | Dec 31, 2014 | 39.9% | +1.1 |
| FY2013 | Dec 31, 2013 | 38.8% | −1.7 |
| FY2012 | Dec 31, 2012 | 40.5% | −2.3 |
| FY2011 | Dec 31, 2011 | 42.7% | +4.4 |
| FY2010 | Dec 31, 2010 | 38.4% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 24.7% | +3.7 |
| Q1 FY2026 | Mar 31, 2026 | 23.7% | −16.3 |
| Q4 FY2025 | Dec 31, 2025 | 24.2% | −17.1 |
| Q3 FY2025 | Sep 30, 2025 | 23.3% | −18.7 |
| Q2 FY2025 | Jun 30, 2025 | 21.0% | −19.0 |
| Q1 FY2025 | Mar 31, 2025 | 40.0% | +0.8 |
| Q4 FY2024 | Dec 31, 2024 | 41.2% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | 42.0% | +2.1 |
| Q2 FY2024 | Jun 30, 2024 | 40.0% | +0.9 |
| Q1 FY2024 | Mar 31, 2024 | 39.2% | −1.6 |
| Q4 FY2023 | Dec 31, 2023 | 38.9% | +1.0 |
| Q3 FY2023 | Sep 30, 2023 | 39.9% | −0.7 |
| Q2 FY2023 | Jun 30, 2023 | 39.1% | +0.3 |
| Q1 FY2023 | Mar 31, 2023 | 40.8% | −1.9 |
| Q4 FY2022 | Dec 31, 2022 | 37.9% | −2.7 |
| Q3 FY2022 | Sep 30, 2022 | 40.6% | −3.1 |
| Q2 FY2022 | Jun 30, 2022 | 38.8% | −3.1 |
| Q1 FY2022 | Mar 31, 2022 | 42.7% | +2.8 |
| Q4 FY2021 | Dec 31, 2021 | 40.6% | −0.2 |
| Q1 FY2021 | Mar 31, 2021 | 43.6% | +5.4 |
| Q4 FY2020 | Dec 31, 2020 | 41.9% | +4.5 |
| Q3 FY2020 | Sep 30, 2020 | 39.9% | +3.3 |
| Q2 FY2020 | Jun 30, 2020 | 40.7% | +2.6 |
| Q1 FY2020 | Mar 31, 2020 | 38.2% | −2.2 |
| Q4 FY2019 | Dec 31, 2019 | 37.4% | −1.5 |
| Q3 FY2019 | Sep 30, 2019 | 36.6% | −1.0 |
| Q2 FY2019 | Jun 30, 2019 | 38.1% | −3.4 |
| Q1 FY2019 | Mar 31, 2019 | 40.4% | −1.9 |
| Q4 FY2018 | Dec 31, 2018 | 38.8% | +1.3 |
| Q3 FY2018 | Sep 30, 2018 | 37.6% | −1.9 |
| Q2 FY2018 | Jun 30, 2018 | 41.6% | +1.6 |
| Q1 FY2018 | Mar 31, 2018 | 42.3% | +0.0 |
| Q4 FY2017 | Dec 31, 2017 | 37.5% | +2.4 |
| Q3 FY2017 | Sep 30, 2017 | 39.5% | +2.2 |
| Q2 FY2017 | Jun 30, 2017 | 40.0% | +0.9 |
| Q1 FY2017 | Mar 31, 2017 | 42.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 35.1% | – |
| Q3 FY2016 | Sep 30, 2016 | 37.3% | – |
| Q2 FY2016 | Jun 30, 2016 | 39.1% | – |