Filing Flows › Labcorp Holdings (LH) › Q4 2025
Labcorp Holdings (LH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Labcorp Holdings (LH) reported revenue of $3.5B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -1% from the quarter before. Operating margin was 7.6%, net earnings $165M (4.7% of revenue).
Labcorp Holdings, Q4 2025: revenue $3.5B (+6% year over year), operating margin 7.6%, net earnings $165M, operating cash flow $614M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -1% | +6% |
| Gross profit | $993M | -3% | +11% |
| Operating profit | $268M | -33% | +24% |
| Net earnings | $165M | -37% | +15% |
| Operating cash flow | $614M | +59% | -21% |
| Free cash flow | $490M | — | — |
What changed
Revenue was $3.5B in Q4 2025, up 6% year over year and down 1% from the previous quarter.
Gross margin was 28.2%, up 1.3 points from a year earlier. Operating profit was $0.27B, a 7.6% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $0.16B, up 15% year over year. The effective tax rate was 13.5%.
Operating cash flow was $0.61B (down 21% year over year), 372% 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 $0.25B. After capital Expenditures ($0.12B), free cash flow as the company reports it was $0.49B.
Questions
What was Labcorp Holdings' revenue in the fourth quarter 2025?
Labcorp Holdings (LH) reported revenue of $3.5B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -1% from the quarter before.
Was Labcorp Holdings profitable in the fourth quarter 2025?
Operating profit was $268M (7.6% of revenue) and net earnings $165M.
Source: Labcorp Holdings 10-K on SEC EDGAR.