Veracyte (VCYT) Gross Margin (2012 - 2026)
Veracyte's (VCYT) quarterly Gross Margin came in at 72.74% in Q1 2026, up 328.0% year-on-year from 17.0% in Q1 2025, and little changed quarter-over-quarter from 72.51% in Q4 2025.
Veracyte (VCYT) Gross Margin (2012 - 2026) Analysis & Trends
Veracyte has disclosed Gross Margin across 15 years of filings, most recently posting 72.74% for Q1 2026.
- Gross Margin for Q1 2026 came in at 72.74%, up 328.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 70.92% (up 290.0% YoY), and the FY2025 annual result was 70.1%, up 322.0% from the prior year.
- Gross Margin came in at 72.74% for Q1 2026 at Veracyte, roughly flat from 72.51% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 72.74% in Q1 2026 to a low of 61.8% in Q2 2023.
- The 5-year median for Gross Margin is 68.09% (2024), against an average of 67.54%.
- Across the five-year window, Gross Margin jumped 936 bps in 2022 and sank 526 bps in 2023, its largest moves.
- Veracyte's Gross Margin stood at 69.95% in 2022, then dropped by 6 bps to 65.98% in 2023, then advanced by 1 bps to 66.39% in 2024, then advanced by 9 bps to 72.51% in 2025, then rose by 0 bps to 72.74% in 2026.
- The last three Gross Margin figures came in at 72.74% (Q1 2026), 72.51% (Q4 2025), and 69.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 63.35% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 53.95% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 99.91% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 58.68% |
| 10 | Veracyte | 3.91 Bn | 3.65 Bn | 101.16 Mn | 72.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 68.30% |
| Dec 31, 2022 | 69.95% |
| Sep 30, 2022 | 66.03% |
| Jun 30, 2022 | 67.06% |
| Mar 31, 2022 | 64.96% |
| Dec 31, 2021 | 67.01% |
| Sep 30, 2021 | 64.10% |
| Jun 30, 2021 | 64.32% |