Labcorp Holdings (LH) Operating Expenses (2009 - 2026)
Labcorp Holdings (LH) posted Operating Expenses of $557.4 million for Q1 2026, up 3.49% sequentially from $538.6 million in Q4 2025, and up 0.91% YoY from $552.4 million in Q1 2025.
Labcorp Holdings (LH) Operating Expenses (2009 - 2026) Analysis & Trends
Labcorp Holdings has reported Operating Expenses for 18 years, with the latest figure at $557.4 million in Q1 2026.
- Quarterly Operating Expenses rose 0.91% year-over-year to $557.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (down 3.34% YoY) and the FY2025 annual result came in at $2.2 billion, down 2.62% from the prior year.
- Operating Expenses grew to $557.4 million in Q1 2026 per LH's latest filing, from $538.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $606.6 million in Q4 2024 and troughed at $463.2 million in Q3 2022.
- A 5-year average of $529.7 million and a median of $538.6 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 71.66% in 2022, down 12.01% in 2022.
- Over 5 years, Operating Expenses stood at $464.5 million in 2022, then grew by 18.67% to $551.2 million in 2023, then rose by 10.05% to $606.6 million in 2024, then declined by 11.21% to $538.6 million in 2025, then advanced by 3.49% to $557.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $557.4 million, $538.6 million, and $558.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 828.54 Mn |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 1.44 Bn |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 637.00 Mn |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 353.52 Mn |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 525.00 Mn |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 321.77 Mn |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 582.30 Mn |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 2.58 Bn |
Historic Data
Download 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 |