Idexx Laboratories (IDXX) Operating Margin (2009 - 2026)
Idexx Laboratories (IDXX) recorded Operating Margin of 34.98% in Q2 2026, up 1.36 percentage points from 33.62% a year earlier and up 3.20 percentage points from the prior quarter.
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Analysis
Idexx Laboratories (IDXX) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Idexx Laboratories' Operating Margin came in at 32.03% as of Jun 30, 2026, up 0.95 percentage points year-over-year; for FY2025, it came in at 31.60%, up 2.65 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +5.94 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 28.95% in FY2024 (-1.02 pp), 29.97% in FY2023 (+3.28 pp), 26.69% in FY2022 (-2.30 pp) and 28.99% in FY2021 (+3.33 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin in data going back to Q2 2009.
- On a year-over-year basis, Operating Margin has increased for eight consecutive quarters, with an average year-over-year change of +1.65 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 10.58 percentage points in Q2 2023, against a drop of 10.57 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 31.78% (Q1 2026), 28.94% (Q4 2025) and 32.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,109.58 Bn | 1,078.16 Bn | 19.71 Bn | 51.16% |
| 2 | Johnson & Johnson | 630.16 Bn | 548.69 Bn | 17.26 Bn | 28.21% |
| 3 | AbbVie | 488.57 Bn | 461.73 Bn | 12.70 Bn | 37.86% |
| 4 | Merck | 359.15 Bn | 313.58 Bn | 12.21 Bn | -3.52% |
| 5 | Novartis Ag | 274.32 Bn | 238.71 Bn | 11.24 Bn | 32.97% |
| 6 | Astrazeneca | 246.73 Bn | 220.50 Bn | 12.86 Bn | 21.81% |
| 7 | Amgen | 224.28 Bn | 179.68 Bn | 7.24 Bn | 34.95% |
| 8 | Gilead Sciences | 187.60 Bn | 161.71 Bn | 6.22 Bn | -133.21% |
| 9 | Pfizer | 161.13 Bn | 108.08 Bn | 10.94 Bn | 28.37% |
| 10 | Idexx Laboratories | 40.86 Bn | 40.07 Bn | 779.09 Mn | 34.98% |
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% |
API Access
Idexx Laboratories Operating 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=operating-margin&ticker=IDXX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IDXX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=IDXX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();