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
DateValue
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%