Illumina (ILMN) Net Margin (2009 - 2026)
Illumina's Net Margin was 17.86% in Q2 2026, down 4.33 percentage points from 22.19% a year earlier but up 5.58 percentage points from the prior quarter.
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Analysis
Illumina (ILMN) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Illumina's Net Margin was 18.36% through Jun 28, 2026, down 10.98 percentage points year-over-year; for FY2025, it was 19.57%, up 47.55 percentage points from FY2024.
- Net Margin shows a four-year change of -0.68 percentage points (FY2021 to FY2025).
- In earlier years, Net Margin was -27.97% in FY2024 (-2.20 pp), -25.78% in FY2023 (+70.30 pp), -96.07% in FY2022 and 20.25% in FY2021.
- Quarterly Net Margin has moved between -178.78% (Q2 2024) and 65.28% (Q3 2024) over five years.
- Compared with a year earlier, Net Margin was higher in five of the last eight quarters, with an average year-over-year change of +43.29 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2025 (a gain of 200.97 percentage points); the worst was Q2 2024 (a drop of 158.88 percentage points).
- Per Business Quant data, ILMN's Net Margin in the three quarters before Q2 2026 was 12.28% (Q1 2026), 28.82% (Q4 2025) and 13.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 13.89% |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 17.86% |
| Mar 29, 2026 | 12.28% |
| Dec 28, 2025 | 28.82% |
| Sep 28, 2025 | 13.84% |
| Jun 29, 2025 | 22.19% |
| Mar 30, 2025 | 12.58% |
| Dec 29, 2024 | 16.85% |
| Sep 29, 2024 | 65.28% |
| Jun 30, 2024 | -178.78% |
| Mar 31, 2024 | -11.71% |
| Dec 31, 2023 | -15.69% |
| Oct 1, 2023 | -67.38% |
| Jul 2, 2023 | -19.90% |
| Apr 2, 2023 | 0.28% |
| Jan 1, 2023 | -11.06% |
| Oct 2, 2022 | -342.24% |
| Jul 3, 2022 | -46.04% |
| Apr 3, 2022 | 7.03% |
| Oct 3, 2021 | 28.61% |
| Jul 4, 2021 | 16.43% |
API Access
Illumina Net 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=net-margin&ticker=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "ILMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();