Laboratory Corporation of America Holdings (LH) Income Statement
LH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLH revenue and net income
Where LH's revenue goes
2025Each bar shows an amount and its share of revenue. LH kept 6.3% of revenue as net income.
LH profit margins
LH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.2% | +5.6% | −0.0% | +4.9% |
| Gross profit | +3.0% | +0.2% | −5.5% | +2.5% |
| Operating income | +39.5% | +1.8% | −9.1% | +4.2% |
| Net income | +17.5% | −11.8% | −10.8% | +7.2% |
| EPS (diluted) | +12.8% | −6.2% | −7.2% | +7.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LH quarterly EPS vs estimates
Labcorp beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $4.65).
LH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.95B | $13.01B | $12.16B | $11.86B | $13.14B | $13.98B | $11.55B | $11.33B | $10.44B | $9.64B |
| Cost of revenue | $10.22B | $9.38B | $8.80B | $8.15B | $8.14B | $9.03B | $8.30B | $8.16B | $6.98B | $6.46B |
| Gross profit | $3.73B | $3.62B | $3.36B | $3.71B | $4.99B | $4.95B | $3.25B | $3.18B | $3.46B | $3.18B |
| Research & development | — | — | $2.0M | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.22B | $2.23B | $2.18B | $2.00B | $1.95B | $1.73B | $1.62B | $1.57B | $1.81B | $1.63B |
| Total operating expenses | $2.22B | $2.54B | $2.64B | $2.27B | $1.94B | $2.51B | $1.87B | $1.80B | $2.03B | $1.81B |
| Operating income | $1.52B | $1.09B | $725.6M | $1.44B | $3.05B | $2.45B | $1.33B | $1.33B | $1.36B | $1.31B |
| Interest income | $222.2M | $202.7M | $172.2M | $166.0M | $175.4M | $194.2M | $212.3M | $225.1M | $221.7M | $209.5M |
| Interest expense | $224.1M | $208.3M | $199.6M | $179.8M | $211.8M | $207.4M | $240.7M | $244.2M | $235.1M | $219.1M |
| Income before taxes | $1.11B | $959.5M | $568.9M | $1.24B | $2.89B | $2.22B | $1.10B | $1.27B | $1.13B | $1.11B |
| Income taxes | $229.8M | $212.4M | $188.5M | $233.9M | $690.0M | $662.1M | $280.0M | $384.4M | −$139.1M | $372.3M |
| Net income | $876.5M | $746.0M | $418.0M | $1.28B | $2.38B | $1.56B | $823.8M | $883.7M | $1.27B | $732.1M |
| EBITDA | $2.01B | $1.81B | $1.35B | $1.95B | $3.68B | $3.05B | $1.92B | $2.06B | $1.85B | $1.82B |
| EPS (diluted) | $16.44 | $14.57 | $13.92 | $19.89 | $28.51 | $23.91 | $11.31 | $11.02 | $9.60 | $8.73 |
| Gross margin | 26.8% | 27.9% | 27.7% | 31.3% | 38.0% | 35.4% | 28.1% | 28.0% | 33.2% | 33.0% |
| Operating margin | 10.9% | 8.4% | 6.0% | 12.1% | 23.2% | 17.5% | 11.5% | 11.7% | 13.1% | 13.6% |
| Net margin | 6.3% | 5.7% | 3.4% | 10.8% | 18.1% | 11.1% | 7.1% | 7.8% | 12.1% | 7.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.73B | $3.54B | $3.52B | $3.56B | $3.53B | $3.35B | $3.33B | $3.28B | $3.22B | $3.18B | $3.03B | $3.06B |
| Cost of revenue | $2.62B | $2.60B | $2.60B | $2.54B | $2.48B | $2.40B | $2.43B | $2.38B | $2.29B | $2.28B | $2.21B | $2.21B |
| Gross profit | $1.11B | $938.2M | $920.6M | $1.03B | $1.05B | $948.0M | $896.3M | $904.4M | $926.4M | $897.3M | $821.4M | $851.2M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $2.0M | — |
| Sales, general & admin | $577.2M | $551.0M | $538.6M | $552.4M | $579.3M | $546.0M | $595.2M | $568.6M | $557.8M | $508.4M | $532.9M | $525.5M |
| Total operating expenses | $660.4M | $551.0M | $538.6M | $628.5M | $651.7M | $622.0M | $679.8M | $650.3M | $631.6M | $576.0M | $944.2M | $598.9M |
| Operating income | $451.6M | $387.2M | $382.0M | $396.6M | $394.5M | $326.0M | $216.5M | $254.1M | $294.8M | $321.3M | −$122.8M | $252.3M |
| Interest income | — | — | $57.6M | $60.3M | $57.1M | $49.8M | $49.2M | $59.4M | — | — | — | $34.7M |
| Interest expense | $61.1M | $55.1M | $55.0M | $56.0M | $57.1M | $56.0M | $63.4M | $50.4M | $47.6M | $46.9M | $48.8M | $50.3M |
| Income before taxes | $386.4M | $319.7M | $190.6M | $337.0M | $304.7M | $275.2M | $183.8M | $210.6M | $267.7M | $297.4M | −$147.1M | $238.7M |
| Income taxes | $87.3M | $41.7M | $25.7M | $75.5M | $66.4M | $62.2M | $40.2M | $41.0M | $62.1M | $69.1M | $19.7M | $55.1M |
| Net income | $298.7M | $277.8M | $164.7M | $261.1M | $237.9M | $212.8M | $143.4M | $169.3M | $205.3M | $228.0M | −$167.1M | $183.3M |
| EBITDA | $620.9M | $548.1M | $418.6M | $564.0M | $532.1M | $498.0M | $417.8M | $422.5M | $472.2M | $498.8M | $364.8M | $434.9M |
| EPS (diluted) | $4.99 | $4.25 | $4.07 | $4.18 | $4.35 | $3.84 | $3.45 | $3.50 | $3.94 | $3.68 | $3.30 | $3.38 |
| Gross margin | 29.8% | 26.5% | 26.2% | 28.8% | 29.7% | 28.3% | 26.9% | 27.6% | 28.8% | 28.2% | 27.1% | 27.8% |
| Operating margin | 12.1% | 10.9% | 10.9% | 11.1% | 11.2% | 9.7% | 6.5% | 7.7% | 9.2% | 10.1% | −4.0% | 8.3% |
| Net margin | 8.0% | 7.9% | 4.7% | 7.3% | 6.7% | 6.4% | 4.3% | 5.2% | 6.4% | 7.2% | −5.5% | 6.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LH's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LH financial results
In fiscal year 2025 (ended December 31, 2025), Labcorp reported revenue of $14.0 billion, up 7.2% from the year before. It had net income of $876.5 million (up 17.5%), a net profit margin of 6.3%. Diluted earnings per share came to $16.44. Over five years revenue grew at an average rate of −0.0% a year.
See the LH stock overview for the latest quote and news, or the LH chart for price history and technical indicators.
LH income statement FAQ
What is Labcorp's annual revenue?
Labcorp reported total revenue of $14.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.2% from $13.0 billion the previous year.
Is Labcorp profitable?
Yes. Labcorp reported net income of $876.5 million in fiscal 2025, a net profit margin of 6.3%; its operating margin was 10.9%.
What is Labcorp's gross margin?
Labcorp's gross margin was 26.8% in fiscal 2025: for every $100 of revenue, Labcorp kept $27 after the direct cost of its products and services.
How fast is Labcorp growing?
Revenue grew −0.0% a year on average over the last five fiscal years, from $14.0 billion to $14.0 billion.
What are Labcorp's earnings per share?
Labcorp earned $16.44 per diluted share in fiscal 2025, compared with $14.57 a year earlier.
When will Labcorp report its next earnings?
Labcorp is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Labcorp's fiscal year end?
Labcorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.