Labcorp Holdings Inc. (LH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.54B | 3.52B | 3.56B | 3.53B | 3.35B | 3.33B | 3.28B | 3.22B | 3.18B | 3.03B | 3.06B | 3.03B | 3.04B | 3.67B | 2.87B | 2.92B | 3.9B | 4.06B | 4.06B | 3.84B |
| Revenue Growth % | 5.75% | 5.6% | 8.58% | 9.51% | 5.3% | 9.76% | 7.37% | 6.17% | 4.57% | -17.44% | 6.63% | 3.79% | -22.1% | -9.42% | -29.43% | -23.89% | -6.29% | -9.66% | 4.27% | 38.71% |
| Cost of Goods Sold | 2.6B | 2.6B | 2.54B | 2.48B | 2.4B | 2.43B | 2.38B | 2.29B | 2.28B | 2.21B | 2.21B | 2.19B | 2.19B | 2.7B | 1.98B | 1.98B | 2.67B | 2.68B | 2.68B | 2.58B |
| COGS % of Revenue | 73.48% | 73.82% | 71.23% | 70.34% | 71.66% | 73.08% | 72.44% | 71.24% | 71.75% | 72.92% | 72.15% | 72.24% | 72.02% | 73.61% | 69.09% | 67.76% | 68.38% | 66.1% | 65.9% | 67.07% |
| Gross Profit | 938.2M | 920.6M | 1.03B | 1.05B | 948M | 896.3M | 904.4M | 926.4M | 897.3M | 821.4M | 851.2M | 842.2M | 850.1M | 969.8M | 886.2M | 942.5M | 1.23B | 1.38B | 1.39B | 1.26B |
| Gross Margin % | 26.52% | 26.18% | 28.77% | 29.66% | 28.34% | 26.92% | 27.56% | 28.76% | 28.25% | 27.08% | 27.85% | 27.76% | 27.98% | 26.39% | 30.91% | 32.24% | 31.62% | 33.9% | 34.1% | 32.93% |
| Gross Profit Growth % | -1.03% | 2.71% | 13.35% | 12.93% | 5.65% | 9.12% | 6.25% | 10% | 5.55% | -15.3% | -3.95% | -10.64% | -31.05% | -29.47% | -36.04% | -25.48% | -22.9% | -27.82% | -11.15% | 66.31% |
| Operating Expenses | 551M | 538.6M | 628.5M | 651.7M | 622M | 679.8M | 650.3M | 631.6M | 576M | 944.2M | 598.9M | 575.9M | 520.3M | 879.1M | 512.2M | 513.7M | 545M | 644.4M | 618.6M | 560.7M |
| OpEx % of Revenue | 15.58% | 15.32% | 17.64% | 18.48% | 18.59% | 20.42% | 19.81% | 19.61% | 18.13% | 31.13% | 19.59% | 18.98% | 17.13% | 23.93% | 17.87% | 17.57% | 13.98% | 15.89% | 15.23% | 14.6% |
| Selling, General & Admin | 551M | 538.6M | 552.4M | 579.3M | 546M | 595.2M | 568.6M | 557.8M | 508.4M | 532.9M | 525.5M | 505.8M | 457.2M | 536.5M | 453.2M | 432.4M | 464.1M | 543.7M | 519.9M | 458.7M |
| SG&A % of Revenue | 15.58% | 15.32% | 15.5% | 16.42% | 16.32% | 17.88% | 17.32% | 17.32% | 16% | 17.57% | 17.19% | 16.67% | 15.05% | 14.6% | 15.81% | 14.79% | 11.9% | 13.4% | 12.8% | 11.94% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | 0.07% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 387.2M | 382M | 396.6M | 394.5M | 326M | 216.5M | 254.1M | 294.8M | 321.3M | -122.8M | 252.3M | 266.3M | 329.8M | 90.7M | 374M | 428.8M | 687.9M | 730.6M | 766.9M | 704.1M |
| Operating Margin % | 10.95% | 10.87% | 11.13% | 11.18% | 9.75% | 6.5% | 7.74% | 9.15% | 10.11% | -4.05% | 8.25% | 8.78% | 10.86% | 2.47% | 13.05% | 14.67% | 17.64% | 18.01% | 18.88% | 18.33% |
| Operating Income Growth % | 18.77% | 76.44% | 56.08% | 33.82% | 1.46% | 276.3% | 0.71% | 10.7% | -2.58% | -235.39% | -32.54% | -37.9% | -52.06% | -87.59% | -51.23% | -39.1% | -34.98% | -43.5% | -26.76% | 136.51% |
| EBITDA | 560.5M | 555M | 567.6M | 564.8M | 492.8M | 387.1M | 415.6M | 451.7M | 475.8M | -45.9M | 441.6M | 422.7M | 471.9M | 246.9M | 508.1M | 540M | 898.3M | 968.2M | 1B | 939.2M |
| EBITDA Margin % | 15.84% | 15.79% | 15.93% | 16.01% | 14.73% | 11.63% | 12.66% | 14.02% | 14.98% | -1.51% | 14.45% | 13.93% | 15.53% | 6.72% | 17.72% | 18.47% | 23.04% | 23.87% | 24.66% | 24.45% |
| EBITDA Growth % | 13.74% | 43.37% | 36.57% | 25.04% | 3.57% | 943.36% | -5.89% | 6.86% | 0.83% | -118.59% | -13.09% | -21.72% | -47.47% | -74.5% | -49.29% | -42.5% | -30.37% | -34.45% | -16.46% | 112.68% |
| D&A (Non-Cash Add-back) | 173.3M | 173M | 171M | 170.3M | 166.8M | 170.6M | 161.5M | 156.9M | 154.5M | 76.9M | 189.3M | 156.4M | 142.1M | 156.2M | 134.1M | 111.2M | 210.4M | 237.6M | 235.1M | 235.1M |
| EBIT | 387.2M | 245.6M | 393M | 361.8M | 331.2M | 247.2M | 261M | 315.3M | 344.3M | 218.4M | 289M | 254.8M | 323M | 93.8M | 361.8M | 402.4M | 682.3M | 729.1M | 810.4M | 728.9M |
| Net Interest Income | -42.9M | -51.5M | -56M | -55.4M | -56M | -63.4M | -50.4M | -47.6M | -46.9M | -48.8M | -50.3M | -49.8M | -50.7M | -49.3M | -46.3M | -42.3M | -42.2M | -43.1M | -42.2M | -78.3M |
| Interest Income | 12.2M | 3.5M | 0 | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 55.1M | 55M | 56M | 57.1M | 56M | 63.4M | 50.4M | 47.6M | 46.9M | 48.8M | 50.3M | 49.8M | 50.7M | 49.3M | 46.3M | 42.5M | 42.2M | 43.1M | 42.2M | 78.3M |
| Other Income/Expense | -67.5M | -191.4M | -59.6M | -89.8M | -50.8M | -32.7M | -43.5M | -27.1M | -23.9M | -24.3M | -13.6M | -61.3M | -57.5M | -46.2M | -58.5M | -68.7M | -47.8M | -44.6M | 1.3M | -53.5M |
| Pretax Income | 319.7M | 190.6M | 337M | 304.7M | 275.2M | 183.8M | 210.6M | 267.7M | 297.4M | -147.1M | 238.7M | 205M | 272.3M | 44.5M | 315.5M | 360.1M | 640.1M | 686M | 768.2M | 650.6M |
| Pretax Margin % | 9.04% | 5.42% | 9.46% | 8.64% | 8.23% | 5.52% | 6.42% | 8.31% | 9.36% | -4.85% | 7.81% | 6.76% | 8.96% | 1.21% | 11.01% | 12.32% | 16.41% | 16.91% | 18.91% | 16.94% |
| Income Tax | 41.7M | 25.7M | 75.5M | 66.4M | 62.2M | 40.2M | 41M | 62.1M | 69.1M | 19.7M | 55.1M | 49.8M | 63.9M | -31.9M | 38.2M | 92.1M | 148M | 132.4M | 180.4M | 182.6M |
| Effective Tax Rate % | 13.04% | 13.48% | 22.4% | 21.79% | 22.6% | 21.87% | 19.47% | 23.2% | 23.23% | -13.39% | 23.08% | 24.29% | 23.47% | -71.69% | 12.11% | 25.58% | 23.12% | 19.3% | 23.48% | 28.07% |
| Net Income | 277.8M | 164.7M | 261.1M | 237.9M | 212.8M | 143.4M | 169.3M | 205.3M | 228M | -167.1M | 183.3M | 188.9M | 212.9M | 76.1M | 352.8M | 358.6M | 491.6M | 553M | 587.3M | 467.4M |
| Net Margin % | 7.85% | 4.68% | 7.33% | 6.74% | 6.36% | 4.31% | 5.16% | 6.37% | 7.18% | -5.51% | 6% | 6.23% | 7.01% | 2.07% | 12.31% | 12.27% | 12.61% | 13.63% | 14.46% | 12.17% |
| Net Income Growth % | 30.55% | 14.85% | 54.22% | 15.88% | -6.67% | 185.82% | -7.64% | 8.68% | 7.09% | -319.58% | -48.04% | -47.32% | -56.69% | -86.24% | -39.93% | -23.28% | -36.12% | -41.06% | -16.51% | 101.81% |
| Net Income (Continuing) | 277.8M | 164.9M | 261.5M | 238.3M | 213M | 143.6M | 169.6M | 205.6M | 228.3M | -166.8M | 183.6M | 155.2M | 208.4M | 76.4M | 277.3M | 268M | 492.1M | 553.6M | 587.8M | 468M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 |
| Minority Interest | 16.9M | 16.9M | 16.1M | 16.7M | 14.3M | 14.3M | 15.2M | 15M | 15.2M | 15.5M | 19.4M | 19.8M | 19.3M | 18.9M | 18.9M | 20M | 20.6M | 20.6M | 20.6M | 21M |
| EPS (Diluted) | 3.35 | 1.98 | 3.12 | 2.84 | 2.52 | 1.70 | 2.01 | 2.44 | 2.69 | -1.97 | 2.11 | 2.12 | 2.39 | 0.86 | 3.89 | 3.87 | 5.23 | 5.75 | 6.05 | 4.76 |
| EPS Growth % | 32.94% | 16.47% | 55.22% | 16.39% | -6.32% | 186.29% | -4.74% | 15.09% | 12.55% | -329.07% | -45.76% | -45.22% | -54.3% | -85.04% | -35.7% | -18.7% | -33.12% | -39.73% | -15.62% | 100.84% |
| EPS (Basic) | 3.37 | 2.00 | 3.14 | 2.86 | 2.54 | 1.72 | 2.02 | 2.44 | 2.71 | -1.97 | 2.12 | 2.13 | 2.41 | 0.86 | 3.91 | 3.89 | 5.27 | 5.80 | 6.10 | 4.80 |
| Diluted Shares Outstanding | 82.9M | 83.2M | 83.7M | 84.1M | 84.3M | 84.2M | 84.4M | 84.3M | 84.7M | 84.9M | 87M | 89M | 89M | 89M | 90.7M | 92.7M | 94M | 96.2M | 97.1M | 98.2M |
| Basic Shares Outstanding | 82.3M | 82.5M | 83.1M | 83.5M | 83.6M | 83.6M | 84M | 84.1M | 84.1M | 84.9M | 86.6M | 88.7M | 88.4M | 88.5M | 90.2M | 92.19M | 93.2M | 95.3M | 96.3M | 97.4M |
| Dividend Payout Ratio | 22.03% | 36% | 22.94% | 25.18% | 28.95% | 41.91% | 35.74% | 29.42% | 27.24% | - | 34.86% | 34.2% | 30.25% | 83.57% | 18.4% | 18.6% | - | - | - | - |