Labcorp Holdings (LH) Tax Rate (2009 - 2026)
Labcorp Holdings (LH) posted Tax Rate of 13.04% for Q1 2026, down 3.27% sequentially from 13.48% in Q4 2025, and down 956.0% YoY from 1.52% in Q1 2025.
Labcorp Holdings (LH) Tax Rate (2009 - 2026) Analysis & Trends
Labcorp Holdings has reported Tax Rate for 18 years, with the latest figure at 13.04% in Q1 2026.
- Quarterly Tax Rate fell 956.0% year-over-year to 13.04% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.17% (down 376.0% YoY) and the FY2025 annual result came in at 20.75%, down 139.0% from the prior year.
- Tax Rate retreated to 13.04% in Q1 2026 per LH's latest filing, from 13.48% in the prior quarter.
- Over five years, Tax Rate peaked at 25.58% in Q2 2022 and troughed at 263.73% in Q4 2022.
- A 5-year average of 2.1% and a median of 22.4% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 28057 bps in 2022, then jumped 25033 bps in 2023.
- Over 5 years, Tax Rate stood at 263.73% in 2022, then surged by 95 bps to 13.39% in 2023, then soared by 263 bps to 21.87% in 2024, then plunged by 38 bps to 13.48% in 2025, then fell by 3 bps to 13.04% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 13.04%, 13.48%, and 22.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 19.29% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 0.45% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 16.91% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 19.93% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 18.89% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 20.38% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 19.52% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 22.59% |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 21.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.59 |
| Jun 30, 2026 | 22.59 |
| Jun 30, 2026 | 22.59 |
| Mar 31, 2026 | 13.04 |
| Mar 31, 2026 | 13.04 |
| Mar 31, 2026 | 13.04 |
| Dec 31, 2025 | 13.48 |
| Dec 31, 2025 | 13.48 |
| Dec 31, 2025 | 13.48 |
| Sep 30, 2025 | 22.40 |
| Sep 30, 2025 | 22.40 |
| Sep 30, 2025 | 22.40 |
| Jun 30, 2025 | 21.79 |
| Jun 30, 2025 | 21.79 |
| Jun 30, 2025 | 21.79 |
| Mar 31, 2025 | 22.60 |
| Mar 31, 2025 | 22.60 |
| Mar 31, 2025 | 22.60 |
| Dec 31, 2024 | 21.87 |
| Dec 31, 2024 | 21.87 |