Filing Flows › QXO (QXO) › Q2 2026
QXO (QXO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
QXO (QXO) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), +70% from a year earlier and +88% from the quarter before. Operating margin was -1.3%, net loss $55.0M (1.7% of revenue).
QXO, Q2 2026: revenue $3.2B (+70% year over year), operating margin -1.3%, net loss $55.0M, operating cash flow −$217M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +88% | +70% |
| Operating profit | −$42.0M | — | — |
| Net earnings | −$55.0M | — | — |
| Operating cash flow | −$217M | -407% | — |
What changed
Revenue was $3.2B in Q2 2026, up 70% year over year and up 88% from the previous quarter.
Gross margin was 24.7%, up 3.7 points from Q2 2025. Operating costs exceeded revenue by $0.04B, an operating margin of -1.3%. Operating expenses grew 50% against revenue growth of 70%. The fastest-growing cost line was Other operating costs (+83%). The quarter ended with a net loss of $0.06B, narrower than the previous quarter's $0.23B loss. Net interest and other expense of $0.04B was the main reason.
Operating cash flow was −$0.22B. Non-cash charges added back $0.06B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.25B.
Questions
What was QXO's revenue in the second quarter 2026?
QXO (QXO) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), +70% from a year earlier and +88% from the quarter before.
Was QXO profitable in the second quarter 2026?
Operating loss was $42.0M (-1.3% of revenue) and net loss $55.0M.
Source: QXO 10-Q on SEC EDGAR.