10x Genomics (TXG) Gross Margin (2018 - 2026)
10x Genomics (TXG) reported Gross Margin of 70.39% for Q1 2026, up 231.0% on a YoY basis from 21.27% in Q1 2025, and up 3.38% sequentially from 68.09% in Q4 2025.
10x Genomics (TXG) Gross Margin (2018 - 2026) Analysis & Trends
10x Genomics (TXG) has 9 years of Gross Margin data on file, last reported at 70.39% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 231.0% year-over-year to 70.39%; the trailing twelve-month figure through Mar 2026 stood at 69.6% (up 124.0% YoY), and the FY2025 full-year result was 69.05%, up 119.0% from the prior year.
- Gross Margin climbed to 70.39% in Q1 2026, 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 sank 1993 bps in 2022 and jumped 798 bps in 2024, its largest moves.
- Tracing TXG's Gross Margin over 5 years: stood at 76.43% in 2022, then retreated by 18 bps to 62.93% in 2023, then climbed by 7 bps to 67.24% in 2024, then grew by 1 bps to 68.09% in 2025, then grew by 3 bps to 70.39% in 2026.
- Business Quant data shows TXG's Gross Margin at 70.39% in Q1 2026, 68.09% in Q4 2025, and 67.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 70.39% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 84.60% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | - |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 45.30% |
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% |