Idexx Laboratories (IDXX) Operating Margin (2009 - 2026)
Idexx Laboratories (IDXX) posted Operating Margin of 34.98% for Q2 2026, up 10.06% on a QoQ basis from 31.78% in Q1 2026, and up 136.0% year-over-year from 14.82% in Q2 2025.
Analysis
Idexx Laboratories (IDXX) Operating Margin (2009 - 2026) Analysis & Trends
Idexx Laboratories has reported Operating Margin for 18 years, with the latest figure at 34.98% in Q2 2026.
- On a quarterly basis, Operating Margin rose 136.0% year-over-year to 34.98% in Q2 2026; TTM through Jun 2026 was 32.03%, a 95.0% increase from a year earlier, with the FY2025 full-year figure at 31.6%, up 265.0% from the prior year.
- Operating Margin was 34.98% for Q2 2026 at Idexx Laboratories, up from 31.78% in the prior quarter.
- The five-year high for Operating Margin was 34.98% in Q2 2026, with the low at 20.81% in Q2 2022.
- Average Operating Margin over 5 years is 29.76%, with a median of 30.54% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 1057 bps in 2022, then surged 1058 bps in 2023.
- Over 5 years, Operating Margin stood at 27.34% in 2022, then retreated by 0 bps to 27.21% in 2023, then increased by 1 bps to 27.42% in 2024, then advanced by 6 bps to 28.94% in 2025, then climbed by 21 bps to 34.98% in 2026.
- The last three Operating Margin figures came in at 34.98% (Q2 2026), 31.78% (Q1 2026), and 28.94% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.57 Bn | 40.38 Bn | 779.09 Mn | 34.98% |
| 2 | Zoetis | 30.57 Bn | 28.90 Bn | 1.05 Bn | 33.91% |
| 3 | Elanco Animal Health | 11.47 Bn | 10.94 Bn | 798.00 Mn | 18.13% |
| 4 | Phibro Animal Health | 1.43 Bn | 1.35 Bn | 134.40 Mn | 12.14% |
| 5 | Immucell | 87.38 Mn | 78.52 Mn | 2.44 Mn | 26.93% |
| 6 | Zhengye Biotechnology Holding | 64.40 Mn | 57.30 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | -476.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.98% |
| Mar 31, 2026 | 31.78% |
| Dec 31, 2025 | 28.94% |
| Sep 30, 2025 | 32.11% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 31.70% |
| Dec 31, 2024 | 27.42% |
| Sep 30, 2024 | 31.15% |
| Jun 30, 2024 | 26.29% |
| Mar 31, 2024 | 31.01% |
| Dec 31, 2023 | 27.21% |
| Sep 30, 2023 | 30.07% |
| Jun 30, 2023 | 31.38% |
| Mar 31, 2023 | 31.15% |
| Dec 31, 2022 | 27.34% |
| Sep 30, 2022 | 29.09% |
| Jun 30, 2022 | 20.81% |
| Mar 31, 2022 | 29.69% |
| Dec 31, 2021 | 24.86% |
| Sep 30, 2021 | 27.88% |