10x Genomics (TXG) Gross Margin (2018 - 2026)
10x Genomics' (TXG) quarterly Gross Margin came in at 70.39% in Q1 2026, up 231.0% year-on-year from 21.27% in Q1 2025, and up 3.38% quarter-over-quarter from 68.09% in Q4 2025.
10x Genomics (TXG) Gross Margin (2018 - 2026) Analysis & Trends
10x Genomics has disclosed Gross Margin across 9 years of filings, most recently posting 70.39% for Q1 2026.
- Gross Margin for Q1 2026 came in at 70.39%, up 231.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 69.6% (up 124.0% YoY), and the FY2025 annual result 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.
- The 5-year median for Gross Margin is 68.09% (2025), against an average of 70.04%.
- Across the five-year window, Gross Margin tumbled 1993 bps in 2022 and jumped 798 bps in 2024, its largest moves.
- 10x Genomics' 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 increased by 3 bps to 70.39% in 2026.
- The last three Gross Margin figures came in at 70.39% (Q1 2026), 68.09% (Q4 2025), and 67.32% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 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% |