Labcorp Holdings (LH) Gross Margin (2009 - 2026)
Labcorp Holdings' (LH) quarterly Gross Margin came in at 29.8% in Q2 2026, up 14.0% year-over-year from 26.14% in Q2 2025, and up 4.0% quarter-over-quarter from 28.66% in Q1 2026.
Analysis
Labcorp Holdings (LH) Gross Margin (2009 - 2026) Analysis & Trends
Labcorp Holdings has disclosed Gross Margin across 18 years of filings, most recently posting 29.8% for Q2 2026.
- In Q2 2026, Gross Margin rose 14.0% year-over-year to 29.8%; the TTM figure through Jun 2026 stood at 28.88% (up 74.0% YoY), while the FY2025 annual figure was 28.76%, up 90.0% from the prior year.
- Gross Margin came in at 29.8% for Q2 2026 at Labcorp Holdings, up from 28.66% 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.
- Average Gross Margin over 5 years is 28.76%, with a median of 28.29% recorded in 2025.
- Year-over-year, Gross Margin tumbled 4212 bps in 2022 and jumped 133 bps in 2025.
- Over 5 years, 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 grew by 6 bps to 29.8% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 29.8% in Q2 2026, 28.66% in Q1 2026, and 28.25% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 64.58% |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 33.75% |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 29.80% |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 65.39% |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 71.70% |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 69.16% |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 55.38% |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 70.45% |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 71.82% |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 72.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.80% |
| 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% |