Labcorp Holdings (LH) Tax Rate (2009 - 2026)
Labcorp Holdings' (LH) quarterly Tax Rate came in at 13.04% in Q1 2026, down 956.0% year-on-year from 1.52% in Q1 2025, and down 3.27% quarter-over-quarter from 13.48% in Q4 2025.
Labcorp Holdings (LH) Tax Rate (2009 - 2026) Analysis & Trends
Labcorp Holdings has disclosed Tax Rate across 18 years of filings, most recently posting 13.04% for Q1 2026.
- Tax Rate for Q1 2026 came in at 13.04%, down 956.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.17% (down 376.0% YoY), and the FY2025 annual result was 20.75%, down 139.0% from the prior year.
- Tax Rate came in at 13.04% for Q1 2026 at Labcorp Holdings, down from 13.48% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.58% in Q2 2022 to a low of 263.73% in Q4 2022.
- The 5-year median for Tax Rate is 22.4% (2025), against an average of 2.1%.
- Across the five-year window, Tax Rate slumped 28057 bps in 2022 and surged 25033 bps in 2023, its largest moves.
- Labcorp Holdings' Tax Rate stood at 263.73% in 2022, then soared by 95 bps to 13.39% in 2023, then jumped by 263 bps to 21.87% in 2024, then plunged by 38 bps to 13.48% in 2025, then dropped by 3 bps to 13.04% in 2026.
- The last three Tax Rate figures came in at 13.04% (Q1 2026), 13.48% (Q4 2025), and 22.4% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 18.18% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 4.04% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 16.68% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 21.66% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 16.91% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 17.99% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -0.35% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.65% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 19.17% |
| 10 | Labcorp Holdings | 21.55 Bn | 20.59 Bn | 1.01 Bn | 13.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.04% |
| Mar 31, 2026 | 13.04% |
| Dec 31, 2025 | 13.48% |
| Dec 31, 2025 | 13.48% |
| Sep 30, 2025 | 22.40% |
| Sep 30, 2025 | 22.40% |
| Jun 30, 2025 | 21.79% |
| Jun 30, 2025 | 21.79% |
| Mar 31, 2025 | 22.60% |
| Mar 31, 2025 | 22.60% |
| Dec 31, 2024 | 21.87% |
| Dec 31, 2024 | 21.87% |
| Sep 30, 2024 | 19.47% |
| Sep 30, 2024 | 19.47% |
| Jun 30, 2024 | 23.20% |
| Jun 30, 2024 | 23.20% |
| Mar 31, 2024 | 23.23% |
| Mar 31, 2024 | 23.23% |
| Dec 31, 2023 | -13.39% |
| Dec 31, 2023 | -13.39% |