Filing Flows › Labcorp Holdings (LH) › Q2 2025
Labcorp Holdings (LH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Labcorp Holdings (LH) reported revenue of $3.5B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +5% from the quarter before. Operating margin was 11.2%, net earnings $238M (6.8% of revenue).
Labcorp Holdings, Q2 2025: revenue $3.5B (+10% year over year), operating margin 11.2%, net earnings $238M, operating cash flow $621M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +5% | +10% |
| Gross profit | $1.0B | +10% | +13% |
| Operating profit | $394M | +21% | +34% |
| Net earnings | $238M | +12% | +16% |
| Operating cash flow | $621M | 34× | +11% |
| Free cash flow | $543M | — | — |
What changed
Revenue was $3.5B in Q2 2025, up 10% year over year and up 5% from the previous quarter.
Gross margin was 29.7%, up 0.9 points from a year earlier. Operating profit was $0.39B, a 11.2% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 9% margin then. Operating expenses grew 3% against revenue growth of 10%. Net earnings were $0.24B, up 16% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.62B (up 11% year over year), 260% 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 added $0.18B. After capital Expenditures ($0.08B), free cash flow as the company reports it was $0.54B.
Questions
What was Labcorp Holdings' revenue in the second quarter 2025?
Labcorp Holdings (LH) reported revenue of $3.5B for the second quarter 2025 (Q2 2025), +10% from a year earlier and +5% from the quarter before.
Was Labcorp Holdings profitable in the second quarter 2025?
Operating profit was $394M (11.2% of revenue) and net earnings $238M.
Source: Labcorp Holdings 10-Q on SEC EDGAR.