Labcorp Holdings (LH) Gross Margin (2009 - 2026)
Labcorp Holdings' (LH) quarterly Gross Margin came in at 28.66% in Q1 2026, up 32.0% year-on-year from 21.71% in Q1 2025, and up 1.45% quarter-over-quarter from 28.25% in Q4 2025.
Labcorp Holdings (LH) Gross Margin (2009 - 2026) Analysis & Trends
Labcorp Holdings has disclosed Gross Margin across 18 years of filings, most recently posting 28.66% for Q1 2026.
- Gross Margin for Q1 2026 came in at 28.66%, up 32.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.83% (up 94.0% YoY), and the FY2025 annual result was 28.76%, up 90.0% from the prior year.
- Gross Margin came in at 28.66% for Q1 2026 at Labcorp Holdings, up from 28.25% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 32.24% in Q2 2022 to a low of 26.92% in Q4 2024.
- The 5-year median for Gross Margin is 28.25% (2025), against an average of 28.7%.
- Across the five-year window, Gross Margin plunged 4212 bps in 2022 and soared 133 bps in 2025, its largest moves.
- Labcorp Holdings' Gross Margin stood at 27.24% in 2022, then declined by 1 bps to 27.08% in 2023, then slipped by 1 bps to 26.92% in 2024, then rose by 5 bps to 28.25% in 2025, then increased by 1 bps to 28.66% in 2026.
- The last three Gross Margin figures came in at 28.66% (Q1 2026), 28.25% (Q4 2025), and 28.77% (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 | Labcorp Holdings | 21.55 Bn | 20.59 Bn | 1.01 Bn | 28.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.66% |
| Dec 31, 2025 | 28.25% |
| Sep 30, 2025 | 28.77% |
| Jun 30, 2025 | 29.66% |
| Mar 31, 2025 | 28.34% |
| Dec 31, 2024 | 26.92% |
| Sep 30, 2024 | 27.56% |
| Jun 30, 2024 | 28.76% |
| Mar 31, 2024 | 28.25% |
| Dec 31, 2023 | 27.08% |
| Sep 30, 2023 | 27.85% |
| Jun 30, 2023 | 27.76% |
| Mar 31, 2023 | 27.98% |
| Dec 31, 2022 | 27.24% |
| Sep 30, 2022 | 30.91% |
| Jun 30, 2022 | 32.24% |
| Mar 31, 2022 | 31.62% |
| Dec 31, 2021 | 69.36% |
| Sep 30, 2021 | 34.10% |
| Jun 30, 2021 | 32.93% |