Tempus AI (TEM) Gross Margin (2023 - 2026)
Tempus AI's Gross Margin was 64.81% in Q3 2026, up 1.99 percentage points from 62.82% a year earlier and up 0.36 percentage points from the prior quarter.
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Analysis
Tempus AI (TEM) Gross Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tempus AI's Gross Margin was 64.46% through Sep 30, 2026, up 2.73 percentage points year-over-year; for FY2025, it was 62.74%, up 7.78 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, with a three-year change of +22.14 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was 54.96% in FY2024 (+1.15 pp), 53.81% in FY2023 (+13.21 pp) and 40.60% in FY2022.
- The Q3 2026 figure marks the highest quarterly Gross Margin in data going back to Q2 2023.
- Compared with a year earlier, Gross Margin has increased for nine straight quarters, with an average year-over-year change of +5.66 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2025 (a gain of 16.49 percentage points); the worst was Q2 2024 (a drop of 8.61 percentage points).
- Per Business Quant data, TEM's Gross Margin in the three quarters before Q3 2026 was 64.45% (Q2 2026), 63.78% (Q1 2026) and 64.73% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - | - |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn | 33.65% |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | - |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn | 65.42% |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn | 64.81% |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn | 12.31% |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - | - |
| 10 | Davita | 11.86 Bn | 9.23 Bn | 1.13 Bn | 31.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.81% |
| Jun 30, 2026 | 64.45% |
| Mar 31, 2026 | 63.78% |
| Dec 31, 2025 | 64.73% |
| Sep 30, 2025 | 62.82% |
| Jun 30, 2025 | 61.99% |
| Mar 31, 2025 | 60.69% |
| Dec 31, 2024 | 60.83% |
| Sep 30, 2024 | 58.50% |
| Jun 30, 2024 | 45.50% |
| Mar 31, 2024 | 53.28% |
| Dec 31, 2023 | 55.20% |
| Sep 30, 2023 | 54.41% |
| Jun 30, 2023 | 54.11% |
API Access
Tempus AI Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();