Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026)
Adaptive Biotechnologies' Gross Margin was 71.82% in Q2 2026, up 2.39 percentage points from 69.43% a year earlier but down 1.79 percentage points from the prior quarter.
Powered by 
Analysis
Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Adaptive Biotechnologies' Gross Margin was 75.57% through Jun 30, 2026, up 9.53 percentage points year-over-year; for FY2025, it came in at 74.24%, up 14.51 percentage points from FY2024.
- Gross Margin shows a five-year change of -2.86 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 59.72% in FY2024 (+4.09 pp), 55.63% in FY2023 (-13.12 pp), 68.75% in FY2022 (+0.69 pp) and 68.06% in FY2021 (-9.04 pp).
- Quarterly Gross Margin has moved between 48.98% (Q3 2023) and 80.68% (Q3 2025) over five years.
- Compared with a year earlier, Gross Margin has increased for eight straight quarters, with an average year-over-year change of +10.30 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2025 (a gain of 16.57 percentage points); the worst was Q3 2023 (a drop of 19.85 percentage points).
- Per Business Quant data, ADPT's Gross Margin in the three quarters before Q2 2026 was 73.60% (Q1 2026), 74.58% (Q4 2025) and 80.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.50 Bn | 98.51 Bn | - | - |
| 2 | Natera | 58.05 Bn | 53.74 Bn | 485.19 Mn | 64.46% |
| 3 | Labcorp Holdings | 26.39 Bn | 24.13 Bn | 1.11 Bn | 29.80% |
| 4 | Quest Diagnostics | 26.28 Bn | 24.41 Bn | 1.03 Bn | 33.75% |
| 5 | Tenet Healthcare | 22.71 Bn | 11.72 Bn | - | - |
| 6 | Guardant Health | 21.59 Bn | 17.65 Bn | 219.03 Mn | 65.39% |
| 7 | BrightSpring Health Services | 12.87 Bn | 11.21 Bn | 492.75 Mn | 12.72% |
| 8 | Fresenius Medical Care AG | 12.49 Bn | 4.44 Bn | 1.52 Bn | 26.95% |
| 9 | Encompass Health | 12.04 Bn | 11.70 Bn | - | - |
| 10 | Adaptive Biotechnologies | 3.91 Bn | 2.90 Bn | 51.39 Mn | 71.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.82% |
| Mar 31, 2026 | 73.60% |
| Dec 31, 2025 | 74.58% |
| Sep 30, 2025 | 80.68% |
| Jun 30, 2025 | 69.43% |
| Mar 31, 2025 | 67.62% |
| Dec 31, 2024 | 61.98% |
| Sep 30, 2024 | 64.11% |
| Jun 30, 2024 | 55.27% |
| Mar 31, 2024 | 56.89% |
| Dec 31, 2023 | 57.16% |
| Sep 30, 2023 | 48.98% |
| Jun 30, 2023 | 63.39% |
| Mar 31, 2023 | 50.38% |
| Dec 31, 2022 | 69.95% |
| Sep 30, 2022 | 68.83% |
| Jun 30, 2022 | 69.72% |
| Mar 31, 2022 | 65.84% |
| Dec 31, 2021 | 62.15% |
| Sep 30, 2021 | 64.05% |
API Access
Adaptive Biotechnologies Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ADPT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ADPT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ADPT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();