Filing Flows › Labcorp Holdings (LH) › Q3 2025
Labcorp Holdings (LH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Labcorp Holdings (LH) reported revenue of $3.6B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +1% from the quarter before. Operating margin was 11.1%, net earnings $262M (7.3% of revenue).
Labcorp Holdings, Q3 2025: revenue $3.6B (+9% year over year), operating margin 11.1%, net earnings $262M, operating cash flow $387M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | +1% | +9% |
| Gross profit | $1.0B | -2% | +13% |
| Operating profit | $397M | +0.5% | +56% |
| Net earnings | $262M | +10% | +54% |
| Operating cash flow | $387M | -38% | +40% |
| Free cash flow | $280M | — | — |
What changed
Revenue was $3.6B in Q3 2025, up 9% year over year and up 1% from the previous quarter.
Gross margin was 28.8%, up 1.2 points from a year earlier. Operating profit was $0.40B, a 11.1% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 8% margin then. Operating expenses fell 3% while revenue rose 9%. Net earnings were $0.26B, up 54% year over year. The effective tax rate was 22.4%.
Operating cash flow was $0.39B (up 40% year over year), 148% 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 $0.07B. After capital Expenditures ($0.11B), free cash flow as the company reports it was $0.28B.
Questions
What was Labcorp Holdings' revenue in the third quarter 2025?
Labcorp Holdings (LH) reported revenue of $3.6B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +1% from the quarter before.
Was Labcorp Holdings profitable in the third quarter 2025?
Operating profit was $397M (11.1% of revenue) and net earnings $262M.
Source: Labcorp Holdings 10-Q on SEC EDGAR.