Idexx Laboratories (IDXX) Gross Margin (2009 - 2026)
Idexx Laboratories (IDXX) posted quarterly Gross Margin of 63.35% for Q1 2026, up 92.0% year-over-year from 33.0% in Q1 2025, and up 4.98% on a QoQ basis from 60.35% in Q4 2025.
Idexx Laboratories (IDXX) Gross Margin (2009 - 2026) Analysis & Trends
Idexx Laboratories (IDXX) has reported Gross Margin for 18 consecutive years, with 63.35% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 92.0% year-over-year to 63.35%; the TTM figure through Mar 2026 stood at 62.05% (up 78.0% YoY), while the FY2025 annual figure was 61.8%, up 76.0% from the prior year.
- Gross Margin came in at 63.35% for Q1 2026 at Idexx Laboratories, up from 60.35% in the prior quarter.
- The five-year high for Gross Margin was 63.35% in Q1 2026, with the low at 58.36% in Q4 2023.
- Average Gross Margin over 5 years is 60.71%, with a median of 60.35% recorded in 2025.
- The largest YoY upside for Gross Margin was 184 bps in 2022 against a maximum downside of 91 bps in 2022.
- Year by year, Gross Margin stood at 58.53% in 2022, then slipped by 0 bps to 58.36% in 2023, then rose by 2 bps to 59.8% in 2024, then grew by 1 bps to 60.35% in 2025, then advanced by 5 bps to 63.35% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.35%, 60.35%, and 61.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 63.35% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 99.91% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 53.95% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 58.68% |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 32.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.35% |
| Dec 31, 2025 | 60.35% |
| Sep 30, 2025 | 61.83% |
| Jun 30, 2025 | 62.62% |
| Mar 31, 2025 | 62.44% |
| Dec 31, 2024 | 59.80% |
| Sep 30, 2024 | 61.10% |
| Jun 30, 2024 | 61.70% |
| Mar 31, 2024 | 61.52% |
| Dec 31, 2023 | 58.36% |
| Sep 30, 2023 | 59.85% |
| Jun 30, 2023 | 60.71% |
| Mar 31, 2023 | 60.32% |
| Dec 31, 2022 | 58.53% |
| Sep 30, 2022 | 60.19% |
| Jun 30, 2022 | 59.73% |
| Mar 31, 2022 | 59.62% |
| Dec 31, 2021 | 56.97% |
| Sep 30, 2021 | 58.35% |
| Jun 30, 2021 | 59.23% |