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
DateValue
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%