10x Genomics (TXG) Operating Margin (2018 - 2026)
10x Genomics recorded quarterly Operating Margin of 11.3% in Q1 2026, up 3.99% quarter-over-quarter from 11.77% in Q4 2025, and up 1409.0% year-over-year from 0.75% in Q1 2025.
10x Genomics' Operating Margin history runs 9 years deep, the most recent figure standing at 11.3% for Q1 2026.
- In Q1 2026, Operating Margin rose 1409.0% year-over-year to 11.3%; the TTM figure through Mar 2026 stood at 6.06% (up 2154.0% YoY), while the FY2025 annual figure was 9.49%, up 2237.0% from the prior year.
- Operating Margin came in at 11.3% for Q1 2026 at 10x Genomics, up from 11.77% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 17.42% in Q2 2025 to a low of 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.
- Across the five-year window, Operating Margin tumbled 4616 bps in 2022 and jumped 4468 bps in 2025, its largest moves.
- 10x Genomics' Operating Margin stood at 14.78% in 2022, then sank by 103 bps to 30.0% in 2023, then dropped by 1 bps to 30.2% in 2024, then jumped by 61 bps to 11.77% in 2025, then grew 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -8.92% |
| Mar 31, 2021 | -9.65% |
| Dec 31, 2020 | -364.99% |
| Sep 30, 2020 | -90.86% |
| Jun 30, 2020 | -91.88% |
| Mar 31, 2020 | -27.65% |
| Dec 31, 2019 | -10.73% |
| Sep 30, 2019 | -14.86% |
| Jun 30, 2019 | -18.56% |
| Mar 31, 2019 | -5.66% |
| Dec 31, 2018 | -148.29% |
| Sep 30, 2018 | -40.79% |