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Quest Diagnostics (DGX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 23, 2026 · Quest Diagnostics (DGX) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $3.1B · 10¢ of every $1 of revenue kept as net profit · operating margin 15.5%
Quest Diagnostics made $3.1B in Q3 2026 (+10% Y/Y): DIS business $3.0B, All other operating segments $62.0M. Operating margin 15.5%, net earnings $312M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 23, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter
Revenue was $3.1B in Q3 2026, up 10% year over year and up 2% from the previous quarter. DIS business was the largest line at 98% of revenue. DIS business added $0.28B year over year (up 10%), 100% of the total change.
Operating profit was $0.48B, a 15.5% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, above the 14% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was Cost of revenue (+10%). Net earnings were $0.31B, up 27% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.61B (up 9% year over year), 187% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.17B left free cash flow of $0.45B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 23, 2026 | $3.1B | +10% | 15.5% | $312M | $611M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $3.0B | +10% | 15.1% | $320M | $597M |
| Q1 2026 | 10-Q | Apr 22, 2026 | $2.9B | +9% | 13.8% | $252M | $278M |
| Q4 2025 | 10-K | Feb 26, 2026 | $2.8B | +7% | 13.8% | $245M | $465M |
| Q3 2025 | 10-Q | Oct 21, 2025 | $2.8B | +13% | 13.7% | $245M | $563M |
| Q2 2025 | 10-Q | Jul 23, 2025 | $2.8B | +15% | 15.9% | $282M | $544M |
| Q1 2025 | 10-Q | Apr 23, 2025 | $2.7B | +12% | 13.0% | $220M | $314M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Medicare & Medicaid — 8% of its revenue · Stated in 10-K (sentence) · source
About Quest Diagnostics
Quest Diagnostics works across the healthcare ecosystem to create a healthier world, one life at a time. We provide diagnostic insights from the results of our laboratory testing to empower people, physicians, and organizations to take action to improve health outcomes. Derived from one of the world's largest databases of de-identifiable clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. In the right hands and with the right context, our diagnostic insights can inspire actions that transform lives and create a healthier world.
In its own words, from its 10-K, filed Feb 26, 2026.
Quest Diagnostics against its Services-Medical Laboratories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +15%. Operating margin: 15.5% against the peers' median 7.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DGX Quest Diagnostics | Q3 2026 | $3.1B | +10% | 15.5% |
| LH Labcorp Holdings | Q3 2026 | $3.8B | +7% | 10.6% |
| NTRA Natera | Q3 2026 | $794M | +34% | -8.6% |
| FTRE Fortrea Holdings | Q3 2026 | $692M | -1% | 2.2% |
| RDNT RadNet | Q2 2026 | $623M | +25% | 6.3% |
| GH Guardant Health | Q3 2026 | $361M | +36% | -36.8% |
| CAI Caris Life Sciences | Q3 2026 | $275M | +27% | 7.0% |
| LMRI Lumexa Imaging Holdings | Q2 2026 | $264M | +5% | 8.7% |
| VCYT Veracyte | Q3 2026 | $152M | +15% | 10.9% |
Source: Quest Diagnostics 10-Q on SEC EDGAR · CIK 1022079 · Services-Medical Laboratories
Guidance and outlook
13F: who owns DGX and who is buying
More on DGX
- How Quest Diagnostics makes money: revenue by segment
- Quest Diagnostics stock forecast, price target and fair value
- Who owns Quest Diagnostics stock: holders, funds and Congress trades
- Quest Diagnostics guidance and outlook
- Is Quest Diagnostics a takeover target? LBO and rumors
- Quest Diagnostics recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Quest Diagnostics guidance history: guided vs reported
- Quest Diagnostics operating margin by quarter
- Quest Diagnostics net income by quarter
- Quest Diagnostics free cash flow by quarter
- Quest Diagnostics capital expenditures by quarter
- Quest Diagnostics DIS business revenue by quarter
- Quest Diagnostics All other operating segments revenue by quarter