Veracyte (VCYT) Gross Margin (2012 - 2026)
Veracyte (VCYT) posted quarterly Gross Margin of 72.21% for Q2 2026, up 325.0% year-over-year from 16.99% in Q2 2025, and down 0.73% on a QoQ basis from 72.74% in Q1 2026.
Veracyte (VCYT) Gross Margin (2012 - 2026) Analysis & Trends
Veracyte has reported Gross Margin for 15 years, with the latest figure at 72.21% in Q2 2026.
- Gross Margin for Q2 2026 came in at 72.21%, up 325.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 71.71% (up 346.0% YoY), and the FY2025 annual result was 70.1%, up 322.0% from the prior year.
- Gross Margin eased to 72.21% in Q2 2026, from 72.74% in the prior quarter.
- Over five years, Gross Margin peaked at 76.16% in Q1 2023 and troughed at 61.8% in Q2 2023.
- A 5-year average of 69.92% and a median of 69.34% in 2025 frame the typical range for Gross Margin.
- The widest annual swing landed in 2023, when Gross Margin tumbled 1269 bps; it then surged 629 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 75.85% in 2022, then fell by 13 bps to 65.98% in 2023, then grew by 1 bps to 66.39% in 2024, then grew by 9 bps to 72.51% in 2025, then slipped by 0 bps to 72.21% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 72.21% in Q2 2026, 72.74% in Q1 2026, and 72.51% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.40 Bn | 209.33 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 139.94 Bn | 135.59 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.03 Bn | 45.83 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.69 Bn | 37.88 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 39.32 Bn | 37.24 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 38.47 Bn | 37.37 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 29.98 Bn | 28.82 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.57 Bn | 28.52 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.21 Bn | 25.58 Bn | 1.03 Bn | 33.75% |
| 10 | Veracyte | 3.69 Bn | 3.39 Bn | 108.55 Mn | 72.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.21% |
| Mar 31, 2026 | 72.74% |
| Dec 31, 2025 | 72.51% |
| Sep 30, 2025 | 69.22% |
| Jun 30, 2025 | 68.97% |
| Mar 31, 2025 | 69.46% |
| Dec 31, 2024 | 66.39% |
| Sep 30, 2024 | 68.19% |
| Jun 30, 2024 | 68.09% |
| Mar 31, 2024 | 64.50% |
| Dec 31, 2023 | 65.98% |
| Sep 30, 2023 | 64.02% |
| Jun 30, 2023 | 61.80% |
| Mar 31, 2023 | 97.38% |
| Dec 31, 2022 | 75.85% |
| Sep 30, 2022 | 94.43% |
| Jun 30, 2022 | 74.49% |
| Mar 31, 2022 | 74.15% |
| Dec 31, 2021 | 97.65% |
| Sep 30, 2021 | 93.24% |