10x Genomics (TXG) Gross Margin (2018 - 2026)
10x Genomics (TXG) reported Gross Margin of 74.48% for Q2 2026, up 2.14 percentage points from 72.34% a year earlier and up 4.09 percentage points from the prior quarter.
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Analysis
10x Genomics (TXG) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, 10x Genomics' Gross Margin came in at 70.03%, up 0.53 percentage points year-over-year; for FY2025, it came in at 69.05%, up 1.19 percentage points from FY2024.
- Gross Margin has a five-year change of -11.38 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 67.86% in FY2024 (+1.71 pp), 66.15% in FY2023 (-10.53 pp), 76.69% in FY2022 (-8.21 pp) and 84.89% in FY2021 (+4.46 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q4 2022.
- Year over year, Gross Margin has now increased in each of the last three quarters, with an average year-over-year change of +2.65 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2024 (a gain of 7.98 percentage points); the low point was Q2 2022 (a drop of 19.93 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 70.39% (Q1 2026), 68.09% (Q4 2025) and 67.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 77.46% |
| 10 | 10x Genomics | 11.53 Bn | 11.33 Bn | 112.50 Mn | 74.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.48% |
| Mar 31, 2026 | 70.39% |
| Dec 31, 2025 | 68.09% |
| Sep 30, 2025 | 67.32% |
| Jun 30, 2025 | 72.34% |
| Mar 31, 2025 | 68.08% |
| Dec 31, 2024 | 67.24% |
| Sep 30, 2024 | 70.16% |
| Jun 30, 2024 | 68.07% |
| Mar 31, 2024 | 65.89% |
| Dec 31, 2023 | 62.93% |
| Sep 30, 2023 | 62.18% |
| Jun 30, 2023 | 67.85% |
| Mar 31, 2023 | 73.27% |
| Dec 31, 2022 | 76.43% |
| Sep 30, 2022 | 76.82% |
| Jun 30, 2022 | 75.83% |
| Mar 31, 2022 | 77.75% |
| Dec 31, 2021 | 80.77% |
| Sep 30, 2021 | 80.43% |
API Access
10x Genomics 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=TXG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TXG", "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=TXG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();