QXO Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $4.895 billion, up from $2.728 billion year over year
- ➤Q3 Adjusted EBITDA $557 million, versus $301 million year over year
- ➤Q3 net loss $123 million; adjusted net income $229 million
- ➤Board authorizes $500 million common share repurchase program without expiration
- ➤QXO targets $4 billion adjusted EBITDA by 2030 and $50 billion revenue within decade
Expert Statements
Brad Jacobs, Chairman and chief executive officer of QXO
“Our organic daily revenue trends improved for the second consecutive quarter despite a soft construction market. Companywide pricing increased 2.2% year over year. We’re prioritizing higher-margin products; in Roofing and Waterproofing, complementary product sales grew 4.2%, and TRI-BUILT reached a record 10.6% of sales. Mechanical insulation distribution revenue grew 16%, supported by strong data center demand.”
Brad Jacobs, Chairman and chief executive officer of QXO
“We have significant opportunities to grow by further integrating our businesses. We serve 194,000 customers across the legacy Beacon, Kodiak, and TopBuild businesses, but typically supply only a portion of what they need for a project. Our broader offering helps customers work with fewer suppliers, coordinate installation, and reduce construction costs. We’re also improving our purchasing terms and applying successful operating practices from individual businesses across QXO.”
Brad Jacobs, Chairman and chief executive officer of QXO
“Technology will help us serve customers better and operate more efficiently across our network. We’re connecting our sales, inventory, and warehouse systems so employees can access information more easily and spend less time entering data in multiple applications. Our people will be able to provide quotes faster, check inventory in real time, and respond to customers more quickly. AI will help salespeople identify opportunities to sell additional products and win back dormant accounts. Better delivery planning will improve service and reduce transportation costs.”
Brad Jacobs, Chairman and chief executive officer of QXO
“We’re on track to reach $4 billion in adjusted EBITDA by 2030 from the businesses we already own and $50 billion in annual revenue within the decade through organic growth and disciplined acquisitions.”
QXO, Inc. (“QXO” or the “Company”) (NYSE: QXO) today reported financial results for the third quarter of 2026. For the three months ended September 30, 2026, basic and diluted loss per common share was $(0.17). Adjusted Diluted Earnings per Common Share, a non-GAAP financial measure, was $0.13.
Note: The following summary of financial results for the three and nine months ended September 30, 2026, includes the legacy Kodiak Building Partners, Inc. (“Kodiak”) operational results from the date of acquisition on April 1, 2026, through September 30, 2026, and the legacy TopBuild Corp. (“TopBuild”) operational results from the date of the acquisition on July 1, 2026, through September 30, 2026. The summary of financial results for the nine months ended September 30, 2025, includes the legacy Beacon Roofing Supply, Inc. (“Beacon”) operational results from the date of acquisition on April 29, 2025, through September 30, 2025. THIRD QUARTER 2026 SUMMARY RESULTS Three Months Ended Nine Months Ended
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