10x Genomics (TXG) Gross Margin (2018 - 2026)
10x Genomics' (TXG) quarterly Gross Margin came in at 74.48% in Q2 2026, up 214.0% year-over-year from 23.72% in Q2 2025, and up 5.82% quarter-over-quarter from 70.39% in Q1 2026.
Powered by 
Analysis
10x Genomics (TXG) Gross Margin (2018 - 2026) Analysis & Trends
10x Genomics has disclosed Gross Margin across 9 years of filings, most recently posting 74.48% for Q2 2026.
- In Q2 2026, Gross Margin rose 214.0% year-over-year to 74.48%; the TTM figure through Jun 2026 stood at 70.03% (up 53.0% YoY), while the FY2025 annual figure was 69.05%, up 119.0% from the prior year.
- Gross Margin came in at 74.48% for Q2 2026 at 10x Genomics, up from 70.39% 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.
- Average Gross Margin over 5 years is 70.28%, with a median of 69.12% recorded in 2025.
- Year-over-year, Gross Margin slumped 1993 bps in 2022 and surged 798 bps in 2024.
- Over 5 years, Gross Margin stood at 76.43% in 2022, then decreased by 18 bps to 62.93% in 2023, then grew by 7 bps to 67.24% in 2024, then increased by 1 bps to 68.09% in 2025, then rose by 9 bps to 74.48% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 74.48% in Q2 2026, 70.39% in Q1 2026, and 68.09% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 226.93 Bn | 222.99 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 145.94 Bn | 141.60 Bn | 3.61 Bn | 57.64% |
| 3 | Agilent Technologies | 42.55 Bn | 40.79 Bn | 1.04 Bn | 55.48% |
| 4 | Illumina | 32.95 Bn | 31.78 Bn | 770.00 Mn | 66.44% |
| 5 | Revvity | 14.53 Bn | 13.51 Bn | 416.87 Mn | 57.13% |
| 6 | Bio-Techne | 11.31 Bn | 11.04 Bn | 211.39 Mn | 65.82% |
| 7 | Bio-Rad Laboratories | 10.34 Bn | 8.72 Bn | 345.80 Mn | 53.12% |
| 8 | Repligen | 9.46 Bn | 8.44 Bn | 110.04 Mn | 53.91% |
| 9 | Bruker | 8.91 Bn | 8.73 Bn | 416.00 Mn | 49.61% |
| 10 | 10x Genomics | 8.16 Bn | 7.61 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% |