Saturday 31 October 2026 Export QXO’s income statement to Excel — free account

QXO, Inc.

QXO, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 11,925.0% from fiscal 2024.

Revenue: +70.3%
EPS: +6.67%
Free cash flow: −27.6%
Total debt: +82.0%

Quarter to June 2026, against a year earlier

Revenue growth 10 yrs

11.04 0.34 −2.99%

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Market cap: $11.8B
P/E: 0.0×
Fwd P/E: −17.1×
Dividend yield: 0.00%
F-score: 3/9
Altman Z: 1.79
Beneish M: 247.71
Dividend safety: n/a

Overview Segments Filings

QXO, Inc. (QXO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2020: revenue by products and services, and margins
Service Net Member	34	81.41%
Software product, net	8	18.59%
Gross margin		40.22%
Operating margin		0.54%
Pre-tax margin		0.54%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Service and other, net	42 73.13%	40 74.12%	—	—	—	—	—	—
Software product, net	15 26.82%	14 25.88%	12 26.19%	8 18.86%	8 18.59%	7 17.86%	5 14.74%	5 15.14%
Management Service	—	—	—	—	—	—	—	9 24.64%
Also reported: a second breakdown of the same revenue
Ancillary Revenue Member	—	—	15 33.54%	14 33.79%	13 31.03%	12 30.77%	10 27.60%	8 22.71%
Consulting Service Revenue Member	—	—	13 29.18%	13 31.80%	14 33.04%	12 31.31%	12 34.59%	13 37.51%
Software Member	—	—	12 26.19%	8 18.86%	8 18.59%	7 17.86%	—	—
Maintenance revenue	—	—	5 11.10%	6 15.55%	7 17.35%	8 20.06%	8 23.07%	—
Service Net Member	—	—	—	—	—	—	31	30
Revenue	57	55	45	42	41	39	36	35

Gross profit by product or service $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Service Net Member	‡	‡	‡	‡	‡	‡	‡	‡
Software product, net	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023
Reportable Segment	6,842 100.00%	57 100.00%	55 100.00%
Revenue	6,842	57	55

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023
Reportable Segment	‡	‡	‡
Gross profit	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.