10x Genomics (TXG) Gross Margin (2018 - 2026)
10x Genomics recorded quarterly Gross Margin of 70.39% in Q1 2026, up 3.38% quarter-over-quarter from 68.09% in Q4 2025, and up 231.0% year-over-year from 21.27% in Q1 2025.
10x Genomics' Gross Margin history runs 9 years deep, the most recent figure standing at 70.39% for Q1 2026.
- In Q1 2026, Gross Margin rose 231.0% year-over-year to 70.39%; the TTM figure through Mar 2026 stood at 69.6% (up 124.0% YoY), while the FY2025 annual figure was 69.05%, up 119.0% from the prior year.
- Gross Margin came in at 70.39% for Q1 2026 at 10x Genomics, up from 68.09% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 77.75% in Q1 2022 to a low of 62.18% in Q3 2023.
- A 5-year average of 70.04% and a median of 68.09% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1993 bps in 2022 and surged 798 bps in 2024, its largest moves.
- 10x Genomics' Gross Margin stood at 76.43% in 2022, then slipped by 18 bps to 62.93% in 2023, then increased by 7 bps to 67.24% in 2024, then rose by 1 bps to 68.09% in 2025, then rose by 3 bps to 70.39% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 70.39%, 68.09%, and 67.32% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 91.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 95.76% |
| Mar 31, 2021 | 83.88% |
| Dec 31, 2020 | 83.16% |
| Sep 30, 2020 | 79.93% |
| Jun 30, 2020 | 76.57% |
| Mar 31, 2020 | 78.99% |
| Dec 31, 2019 | 77.98% |
| Sep 30, 2019 | 74.71% |
| Jun 30, 2019 | 73.12% |
| Mar 31, 2019 | 73.94% |
| Dec 31, 2018 | 70.53% |
| Sep 30, 2018 | 85.68% |