Idexx Laboratories (IDXX) Gross Margin (2009 - 2026)

Idexx Laboratories (IDXX) recorded quarterly Gross Margin of 63.35% in Q1 2026, up 4.98% quarter-over-quarter from 60.35% in Q4 2025, and up 92.0% on a YoY basis from 33.0% in Q1 2025.

Idexx Laboratories (IDXX) Gross Margin (2009 - 2026) Analysis & Trends

Idexx Laboratories' Gross Margin history runs 18 years deep, the most recent figure standing at 63.35% for 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 was 63.35% for Q1 2026 at Idexx Laboratories, up from 60.35% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 63.35% in Q1 2026 to a low of 58.36% in Q4 2023.
  • Historically, Gross Margin has averaged 60.71% across 5 years, with a median of 60.35% in 2025.
  • Biggest YoY gain for Gross Margin was 184 bps in 2022; the steepest drop was 91 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 58.53% in 2022, then fell by 0 bps to 58.36% in 2023, then climbed by 2 bps to 59.8% in 2024, then gained by 1 bps to 60.35% in 2025, then increased by 5 bps to 63.35% in 2026.
  • The last three Gross Margin figures came in at 63.35% (Q1 2026), 60.35% (Q4 2025), and 61.83% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 87.77%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 70.37%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 60.34%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 63.35%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 53.95%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 32.64%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 99.91%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 66.09%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 58.68%
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 32.54%

Historic Data

Download Data
DateValue
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%