Filing Flows › Labcorp Holdings (LH) › Q1 2026
Labcorp Holdings (LH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Labcorp Holdings (LH) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +0.6% from the quarter before. Operating margin was 10.8%, net earnings $278M (7.9% of revenue).
Labcorp Holdings, Q1 2026: revenue $3.5B (+6% year over year), operating margin 10.8%, net earnings $278M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +0.6% | +6% |
| Gross profit | $1.0B | +2% | +7% |
| Operating profit | $381M | +42% | +17% |
| Net earnings | $278M | +69% | +31% |
| Operating cash flow | $192M | -69% | +935% |
| Free cash flow | $70.5M | — | — |
What changed
Revenue was $3.5B in Q1 2026, up 6% year over year and up 1% from the previous quarter.
Gross margin was 28.7%, up 0.3 points from Q1 2025. Operating profit was $0.38B, a 10.8% margin (up 1.0 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 10% margin then. Operating expenses grew 2% against revenue growth of 6%. Net earnings were $0.28B, up 31% year over year. The effective tax rate was 13.0%.
Operating cash flow was $0.19B (up 935% year over year), 69% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.29B. After capital Expenditures ($0.12B), free cash flow as the company reports it was $0.07B.
Questions
What was Labcorp Holdings' revenue in the first quarter 2026?
Labcorp Holdings (LH) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +0.6% from the quarter before.
Was Labcorp Holdings profitable in the first quarter 2026?
Operating profit was $381M (10.8% of revenue) and net earnings $278M.
Source: Labcorp Holdings 10-Q on SEC EDGAR.