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QXO, Inc. QXO Change in AP

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Other financials

Income statement

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Revenue$1.7B+12,716%
Gross profit$409.3M+7,480%
Operating income-$251.9M-541%
Net income-$227.1M-2,681%
EPS (diluted)-$0.35-1,067%

Balance sheet

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Cash & equivalents$3.1B-40.0%
Total debt$4.0B+98,757%
Total equity$10.2B+101%
Total assets$16.7B+226%

Cash flow

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Operating cash flow$70.6M+93.4%
CapEx$22.5M+15,311%
Free cash flow$48.1M+32.3%

Valuation

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Market cap$12.88B+149%
Enterprise value$13.78B+3,076%
P/S1.5×-91.5×

Profitability

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Gross margin23.1%-17.7pp
Operating margin-5.3%-2.6pp
Net margin-6%-71.7pp
FCF margin2.3%-214pp

Returns & leverage

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Return on equity-6.8%-8.2pp
Debt / equity0.4×+0.4×
Current ratio3.3×-91.9×

Where this comes from

Reported directly by QXO, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: QXO, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is QXO, Inc.'s change in AP?
QXO, Inc. (QXO) reported change in AP of $379.2M in Q1 2026.
How has QXO, Inc.'s change in AP changed year-over-year?
QXO, Inc.'s change in AP increased by 106318.5% year-over-year, from -$357K to $379.2M.
What is the long-term trend for QXO, Inc.'s change in AP?
Over 4 years (2021 to 2025), QXO, Inc.'s change in AP has grown at a 569.0% compound annual growth rate (CAGR), from $162.91K to -$326.4M.
What does change in AP mean?
The net change in the balance owed to suppliers.
How do you interpret change in AP?
An increase provides a source of cash, while a decrease represents a cash outflow to settle obligations.
How does change in AP compare across companies?
Standard metric for assessing trade credit utilization across all industries.