Filing Flows › DexCom (DXCM) › How it makes money
How DexCom (DXCM) makes money
DexCom (DXCM) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 64¢ was left as gross profit, 24¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Cost of revenue | $480M | 35.7% |
| Gross profit | $864M | 64.3% |
| Operating expenses | $537M | 40.0% |
| Operating profit | $327M | 24.3% |
| Income tax | $59.6M | 4.4% |
| Net earnings | $275M | 20.5% |
| Operating cash flow | $326M | 24.2% |
| Free cash flow | $273M | 20.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.3B | +11% |
| Q2 2026 | $1.3B | +13% |
| Q1 2026 | $1.2B | +15% |
| Q4 2025 | $1.3B | +13% |
| Q3 2025 | $1.2B | +22% |
| Q2 2025 | $1.2B | +15% |
| Q1 2025 | $1.0B | +12% |
From DexCom's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does DexCom make money?
DexCom (DXCM) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 64¢ was left as gross profit, 24¢ was left as operating profit, 20¢ was left as net earnings.
What is DexCom's profit margin?
Net earnings were $275M, 20.5% of revenue, in the third quarter 2026; the operating margin was 24.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.