QXO, Inc. (QXO) income statement
NYSE · Industrials · Industrial - Distribution · 7,794 employees · CEO Bradley S. Jacobs
- Price
- $13.81 +0.58%
- Market cap
- $14.3B
- Enterprise value
- $18.6B Data as of 2026-11-12
- Last report
- Q2 '26 filed 2026-08-14
- Next report
- 2026-11-12 EPS est. $0.13
QXO, Inc. (QXO) reported revenue of $3.25B for Q2 '26 (+70.3% year on year), operating income of -$42M (-1.3% of revenue) and net income of -$55M. Over the last four quarters revenue was $9.9B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.4M | $14.7M | $14.4M | $14.5M | $13.2M | $14.7M | $13.5M | $1.91B | $2.73B | $2.19B | $1.73B | $3.25B | |
| Cost of revenue | $8.15M | $9.21M | $8.78M | $8.7M | $7.71M | $8.71M | $8.37M | $1.61B | $2.25B | $1.82B | $1.49B | $2.44B | |
| Gross profit | $5.27M | $5.5M | $5.66M | $5.8M | $5.44M | $6.04M | $5.14M | $295M | $478M | $372M | $245M | $803M | |
| Sales & marketing | $2.23M | $2.3M | $2.35M | -$35K | -$23K | $18.4M | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $2.5M | $2.78M | $2.84M | $9.84M | $39M | $20.5M | $0 | $0 | $0 | $0 | $0 | $649M | |
| Other operating expenses | $121K | $0 | $240K | $300K | $245K | $243K | $0 | $0 | $0 | $0 | $0 | $196M | |
| Operating expenses | $4.85M | $5.08M | $5.43M | $10.1M | $39.3M | $39.1M | $44.4M | $457M | $418M | $410M | $450M | $845M | |
| Operating income | $427K | $421K | $228K | -$4.3M | -$33.8M | -$33.1M | -$39.3M | -$162M | $60.5M | -$38.6M | -$205M | -$42M | |
| Interest income | $0 | $0 | $0 | $3.47M | $57M | $61.4M | $56.6M | $0 | $24.6M | $0 | $25.4M | $0 | |
| Interest expense | $7.65K | $13.3K | $20.1K | $0 | $9K | $6K | $0 | $30.2M | $62.3M | $36.4M | $56.5M | $38M | |
| Other non-operating income (gains on investments, FX ...) | $2.99M | -$3 | -$2K | -$3.5M | -$57M | -$122M | -$56.6M | $44M | $8.7M | $32.5M | $18.9M | $3M | |
| Total non-operating income | -$2.99M | -$13.3K | -$20K | $3.5M | $57M | $61.4M | $56.6M | -$74.2M | -$71M | -$68.9M | -$75.4M | -$35M | |
| Income before tax | -$2.57M | $408K | $208K | -$800K | $23.2M | $28.3M | $17.3M | -$236M | -$10.5M | -$108M | -$280M | -$77M | |
| Income tax | -$456K | -$11.6K | $70K | -$200K | $6.03M | $17M | $8.51M | -$178M | $129M | -$17.3M | -$53.2M | -$22M | |
| Net income | -$2.11M | $419K | $138K | -$600K | $17.2M | $11.3M | $8.76M | -$58.5M | -$139M | -$90.2M | -$227M | -$55M | |
| EPS (basic) | -$3.21 | $0.63 | $0.21 | -$9.93 | -$0.02 | -$0.02 | -$0.03 | -$0.15 | -$0.24 | -$0.17 | -$0.35 | -$0.07 | |
| EPS (diluted) | -$3.21 | $0.63 | $0.21 | -$9.93 | -$0.02 | -$0.02 | -$0.03 | -$0.15 | -$0.24 | -$0.17 | -$0.35 | -$0.07 | |
| Shares (basic, weighted) | 329M | 332M | 332M | 332M | 359M | 451M | 451M | 565M | 715M | 717M | 744M | 767M | |
| Shares (diluted, weighted) | 329M | 332M | 332M | 332M | 359M | 451M | 451M | 565M | 715M | 717M | 744M | 767M | |
| Depreciation & amortization | $237K | $261K | $276K | $324K | $200K | $271K | $278K | $107M | $158M | $158M | $164M | $198M | |
| EBITDA | -$2.32M | $682K | $506K | -$476K | $23.4M | $89M | $17.5M | -$99.4M | $209M | $87.2M | -$59.6M | $153M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.1M | $34.9M | $36.1M | $38.5M | $41.2M | $41.7M | $45M | $54.5M | $56.9M | $6.84B | |
| Cost of revenue | $22.1M | $21.6M | $22.9M | $23.8M | $24.6M | $24.5M | $27M | $32.9M | $33.9M | $5.69B | |
| Gross profit | $12M | $13.2M | $13.2M | $14.7M | $16.6M | $17.2M | $18M | $21.6M | $22.9M | $1.15B | |
| Sales & marketing | $4.36M | $4.85M | $6.31M | $6.84M | $7.37M | $6.72M | $7.75M | $8.85M | $55.7M | $0 | |
| General & administrative | $6.42M | $7.46M | $8.05M | $8.79M | $8.28M | $9.84M | $9.65M | $10.3M | $34.5M | $0 | |
| Other operating expenses | $0 | $0 | $0 | $957K | $706K | $876K | $949K | $3.81M | $3.76M | $0 | |
| Operating expenses | $10.8M | $12.3M | $14.4M | $16.6M | $16.4M | $17.4M | $18.3M | $22.9M | $93.9M | $1.21B | |
| Operating income | $1.27M | $939K | -$1.16M | -$1.91M | $223K | -$231K | -$385K | -$1.31M | -$71M | -$57M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $122M | $126M | |
| Interest expense | $64.7K | $31.7K | $41.7K | $39.8K | $13.6K | $46.8K | $89K | $55.7K | $60K | $174M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | -$24K | -$13.3K | -$321K | $0 | -$20K | -$122M | $107M | |
| Total non-operating income | -$54.7K | -$31.7K | -$41.7K | -$15.8K | -$347 | $275K | -$89K | -$56K | $122M | -$280M | |
| Income before tax | $1.21M | $908K | -$1.2M | -$1.92M | $223K | $43.6K | -$474K | -$1.37M | $50.8M | -$337M | |
| Income tax | -$2.22M | $1.39M | -$281K | -$455K | $47.4K | $178K | -$192K | -$297K | $22.8M | -$57.7M | |
| Net income | $3.44M | -$486K | $262K | $6.79M | $176K | -$134K | -$282K | -$1.07M | $28M | -$279M | |
| EPS (basic) | $6.23 | -$0.87 | $0.47 | -$2.61 | $0.31 | -$0.21 | -$0.40 | -$1.63 | -$0.11 | -$0.63 | |
| EPS (diluted) | $6.15 | -$0.87 | $0.47 | -$2.64 | $0.31 | -$0.21 | -$0.40 | -$1.63 | -$0.11 | -$0.63 | |
| Shares (basic, weighted) | 276M | 281M | 281M | 281M | 281M | 314M | 323M | 329M | 408M | 613M | |
| Shares (diluted, weighted) | 280M | 281M | 281M | 281M | 281M | 314M | 323M | 329M | 408M | 613M | |
| Depreciation & amortization | $685K | $620K | $649K | $932K | $1.12M | $1.39M | $1.76M | $1M | $1.12M | $423M | |
| EBITDA | $1.95M | $1.56M | -$512K | -$951K | $1.36M | $1.49M | $1.37M | -$290K | $52M | $260M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-12