Labcorp income statement
In fiscal 2025, Labcorp reported revenue of $13.95bn, up 7.2% on the year before, operating income of $1.38bn (a 9.9% margin) and net income of $877m, or $10.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.7 | 5.0 | 5.5 | 5.7 | 5.8 | 6.0 | 8.7 | 9.6 | 10.3 | 11.3 | 11.6 | 14.0 | 13.1 | 11.9 | 12.2 | 13.0 | 14.0 | 14.6 |
| Cost of revenue | 2.7 | 2.9 | 3.3 | 3.4 | 3.6 | 3.8 | 5.8 | 6.7 | 7.2 | 8.2 | 8.3 | 9.0 | 8.1 | 8.2 | 8.8 | 9.4 | 9.9 | 10.4 |
| Gross profit | 2.0 | 2.1 | 2.3 | 2.2 | 2.2 | 2.2 | 2.9 | 2.9 | 3.1 | 3.2 | 3.3 | 5.0 | 5.0 | 3.7 | 3.4 | 3.6 | 4.0 | 4.2 |
| Selling, general and administrative | 1.0 | 1.0 | 1.2 | 1.1 | 1.1 | 1.2 | 1.6 | 1.3 | 1.5 | 1.6 | 1.6 | 1.7 | 1.7 | 1.8 | 2.0 | 2.2 | 2.2 | 2.3 |
| Operating income | 0.9 | 1.0 | 0.9 | 1.0 | 1.0 | 0.9 | 1.0 | 1.3 | 1.3 | 1.3 | 1.3 | 2.4 | 3.0 | 1.4 | 0.7 | 1.1 | 1.4 | 1.5 |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Income tax | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | −0.2 | 0.4 | 0.3 | 0.7 | 0.7 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Net income | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | 0.4 | 0.7 | 1.2 | 0.9 | 0.8 | 1.6 | 2.4 | 1.3 | 0.4 | 0.7 | 0.9 | 1.0 |
| Diluted EPS | $4.98 | $5.29 | $5.11 | $5.99 | $6.25 | $5.91 | $4.35 | $6.82 | $11.81 | $8.61 | $8.35 | $15.88 | $24.39 | $13.97 | $4.77 | $8.84 | $10.46 | $12.18 |
| Diluted shares (average) | 109m | 105m | 102m | 97m | 92m | 86m | 101m | 104m | 104m | 103m | 99m | 98m | 98m | 92m | 88m | 84m | 84m | 82m |
| EBITDA | 1.1 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.5 | 1.8 | 1.8 | 1.9 | 1.9 | 3.1 | 3.6 | 2.0 | 1.3 | 1.7 | 2.1 | 2.2 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,329 | 3,345 | 3,527 | 3,564 | 3,516 | 3,538 | 3,731 | 3,810 |
| Cost of revenue | 2,433 | 2,397 | 2,481 | 2,538 | 2,523 | 2,524 | 2,619 | 2,702 |
| Gross profit | 896 | 948 | 1,046 | 1,025 | 993 | 1,014 | 1,112 | 1,108 |
| Selling, general and administrative | 595 | 546 | 579 | 553 | 538 | 551 | 577 | 611 |
| Operating income | 217 | 326 | 395 | 397 | 268 | 381 | 452 | 402 |
| Interest expense | 63 | 56 | 57 | 56 | 55 | 55 | 61 | 59 |
| Income tax | 40 | 62 | 66 | 76 | 26 | 42 | 87 | 65 |
| Net income | 143 | 213 | 238 | 261 | 165 | 278 | 299 | 263 |
| Diluted EPS | $1.71 | $2.52 | $2.84 | $3.12 | $1.98 | $3.35 | $3.64 | $3.22 |
| EBITDA | 387 | 493 | 565 | 568 | 441 | 554 | 631 | 585 |
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