Labcorp Holdings (LH) Operating Expenses (2009 - 2026)
Labcorp Holdings' (LH) quarterly Operating Expenses came in at $582.3 million in Q2 2026, little changed year-over-year from $583.4 million in Q2 2025, and up 4.47% quarter-over-quarter from $557.4 million in Q1 2026.
Analysis
Labcorp Holdings (LH) Operating Expenses (2009 - 2026) Analysis & Trends
Labcorp Holdings has disclosed Operating Expenses across 18 years of filings, most recently posting $582.3 million for Q2 2026.
- In Q2 2026, Operating Expenses changed 0.19% year-over-year to $582.3 million; the TTM figure through Jun 2026 stood at $2.3 billion (up 0.79% YoY), while the FY2025 annual figure was $2.3 billion, up 2.97% from the prior year.
- Operating Expenses came in at $582.3 million for Q2 2026 at Labcorp Holdings, up from $557.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $649.4 million in Q4 2025 to a low of $463.2 million in Q3 2022.
- Average Operating Expenses over 5 years is $538.8 million, with a median of $551.8 million recorded in 2023.
- The largest YoY upside for Operating Expenses was 71.66% in 2022 against a maximum downside of 12.01% in 2022.
- Over 5 years, Operating Expenses stood at $464.5 million in 2022, then advanced by 18.67% to $551.2 million in 2023, then grew by 10.05% to $606.6 million in 2024, then increased by 7.06% to $649.4 million in 2025, then dropped by 10.33% to $582.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $582.3 million in Q2 2026, $557.4 million in Q1 2026, and $649.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 828.54 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 2.58 Bn |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 582.30 Mn |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 464.10 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 458.40 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 236.79 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 68.16 Mn |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 71.60 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 87.32 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 165.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 582.30 Mn |
| Mar 31, 2026 | 557.40 Mn |
| Dec 31, 2025 | 649.40 Mn |
| Sep 30, 2025 | 558.30 Mn |
| Jun 30, 2025 | 583.40 Mn |
| Mar 31, 2025 | 552.40 Mn |
| Dec 31, 2024 | 606.60 Mn |
| Sep 30, 2024 | 586.60 Mn |
| Jun 30, 2024 | 569.40 Mn |
| Mar 31, 2024 | 513.40 Mn |
| Dec 31, 2023 | 551.20 Mn |
| Sep 30, 2023 | 533.00 Mn |
| Jun 30, 2023 | 521.60 Mn |
| Mar 31, 2023 | 464.70 Mn |
| Dec 31, 2022 | 464.50 Mn |
| Sep 30, 2022 | 463.20 Mn |
| Jun 30, 2022 | 463.90 Mn |
| Mar 31, 2022 | 476.70 Mn |
| Dec 31, 2021 | 270.60 Mn |
| Sep 30, 2021 | 526.40 Mn |