Idexx Laboratories (IDXX) Gross Margin (2009 - 2026)
Idexx Laboratories (IDXX) posted Gross Margin of 64.04% for Q2 2026, up 1.08% on a QoQ basis from 63.35% in Q1 2026, and up 142.0% year-over-year from 26.46% in Q2 2025.
Analysis
Idexx Laboratories (IDXX) Gross Margin (2009 - 2026) Analysis & Trends
Idexx Laboratories has reported Gross Margin for 18 years, with the latest figure at 64.04% in Q2 2026.
- On a quarterly basis, Gross Margin rose 142.0% year-over-year to 64.04% in Q2 2026; TTM through Jun 2026 was 62.45%, a 91.0% increase from a year earlier, with the FY2025 full-year figure at 61.8%, up 76.0% from the prior year.
- Gross Margin was 64.04% for Q2 2026 at Idexx Laboratories, up from 63.35% in the prior quarter.
- The five-year high for Gross Margin was 64.04% in Q2 2026, with the low at 58.36% in Q4 2023.
- Average Gross Margin over 5 years is 60.89%, with a median of 60.53% recorded in 2023.
- The largest YoY upside for Gross Margin was 184 bps in 2022 against a maximum downside of 91 bps in 2022.
- Over 5 years, Gross Margin stood at 58.53% in 2022, then retreated by 0 bps to 58.36% in 2023, then grew by 2 bps to 59.8% in 2024, then advanced by 1 bps to 60.35% in 2025, then gained by 6 bps to 64.04% in 2026.
- The last three Gross Margin figures came in at 64.04% (Q2 2026), 63.35% (Q1 2026), and 60.35% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.57 Bn | 40.38 Bn | 779.09 Mn | 64.04% |
| 2 | Zoetis | 30.57 Bn | 28.90 Bn | 1.05 Bn | 42.63% |
| 3 | Elanco Animal Health | 11.47 Bn | 10.94 Bn | 798.00 Mn | 58.33% |
| 4 | Phibro Animal Health | 1.43 Bn | 1.35 Bn | 134.40 Mn | 33.88% |
| 5 | Immucell | 87.38 Mn | 78.52 Mn | 2.44 Mn | 33.92% |
| 6 | Zhengye Biotechnology Holding | 64.40 Mn | 57.30 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.04% |
| 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% |