QXO, Inc. Leases Disclosure
| Year Ended December 31, | |||||||||||
(in millions) | 2025 | 2024 | |||||||||
| Operating lease costs | $ | 119.3 | $ | 0.3 | |||||||
| Finance lease costs: | |||||||||||
| Amortization of right-of-use assets | 33.1 | 0.2 | |||||||||
| Interest on lease obligations | 8.1 | — | |||||||||
| Variable lease costs | 13.6 | 0.2 | |||||||||
| Total lease costs | $ | 174.1 | $ | 0.7 | |||||||
| Year Ended December 31, | |||||||||||
(in millions) | 2025 | 2024 | |||||||||
| Cash paid for amounts included in measurement of lease obligations: | |||||||||||
| Operating cash outflows from operating leases | $ | 107.4 | $ | 0.3 | |||||||
| Operating cash outflows from finance leases | $ | 8.0 | $ | — | |||||||
| Financing cash outflows from finance leases | $ | 30.3 | $ | 0.2 | |||||||
| Right-of-use assets obtained in exchange for new finance lease liabilities | $ | 34.5 | $ | 0.1 | |||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 29.2 | $ | — | |||||||
(in millions) | Operating Leases | Finance Leases | ||||||||||||
| 2026 | $ | 148.0 | $ | 60.1 | ||||||||||
| 2027 | 148.8 | 54.8 | ||||||||||||
| 2028 | 131.2 | 43.6 | ||||||||||||
| 2029 | 111.3 | 30.5 | ||||||||||||
| 2030 | 89.9 | 18.9 | ||||||||||||
| Thereafter | 190.8 | 6.3 | ||||||||||||
| Total future lease payments | 820.0 | 214.2 | ||||||||||||
| Imputed interest | (150.7) | (26.3) | ||||||||||||
| Total lease liabilities | $ | 669.3 | $ | 187.9 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 29, 2022 | |
| 2020 | Mar 25, 2021 | |
| 2019 | Mar 26, 2020 | |
| 2018 | Mar 28, 2019 | |
| 2017 | Mar 26, 2018 | |
| 2016 | Mar 24, 2017 | |
| 2015 | Mar 30, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.