10x Genomics (TXG) Operating Margin (2018 - 2026)
10x Genomics (TXG) posted Operating Margin of 11.3% for Q1 2026, up 3.99% sequentially from 11.77% in Q4 2025, and up 1409.0% YoY from 0.75% in Q1 2025.
10x Genomics (TXG) Operating Margin (2018 - 2026) Analysis & Trends
10x Genomics has reported Operating Margin for 9 years, with the latest figure at 11.3% in Q1 2026.
- Quarterly Operating Margin rose 1409.0% year-over-year to 11.3% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.06% (up 2154.0% YoY) and the FY2025 annual result came in at 9.49%, up 2237.0% from the prior year.
- Operating Margin advanced to 11.3% in Q1 2026 per TXG's latest filing, from 11.77% in the prior quarter.
- Over five years, Operating Margin peaked at 17.42% in Q2 2025 and troughed at 61.7% in Q3 2023.
- A 5-year average of 28.91% and a median of 30.0% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin plunged 4616 bps in 2022, then surged 4468 bps in 2025.
- Over 5 years, Operating Margin stood at 14.78% in 2022, then slumped by 103 bps to 30.0% in 2023, then declined by 1 bps to 30.2% in 2024, then surged by 61 bps to 11.77% in 2025, then increased by 4 bps to 11.3% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 11.3%, 11.77%, and 21.64% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -12.95% |
| Mar 31, 2026 | -11.30% |
| Dec 31, 2025 | -11.77% |
| Sep 30, 2025 | -21.64% |
| Jun 30, 2025 | 17.42% |
| Mar 31, 2025 | -25.39% |
| Dec 31, 2024 | -30.20% |
| Sep 30, 2024 | -27.36% |
| Jun 30, 2024 | -27.26% |
| Mar 31, 2024 | -43.61% |
| Dec 31, 2023 | -30.00% |
| Sep 30, 2023 | -61.70% |
| Jun 30, 2023 | -43.15% |
| Mar 31, 2023 | -38.71% |
| Dec 31, 2022 | -14.78% |
| Sep 30, 2022 | -30.51% |
| Jun 30, 2022 | -55.07% |
| Mar 31, 2022 | -36.45% |
| Dec 31, 2021 | -11.03% |
| Sep 30, 2021 | -12.67% |