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How Labcorp Holdings (LH) makes money

Labcorp Holdings (LH) made $3.8B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 29¢ was left as gross profit, 11¢ was left as operating profit, 7¢ was left as net earnings.

Drawing the Sankey…

Labcorp Holdings revenue by quarterLabcorp Holdings revenue by quarter$3.3BQ1 2025$3.5BQ2 2025$3.6BQ3 2025$3.5BQ4 2025$3.5BQ1 2026$3.7BQ2 2026$3.8BQ3 2026
Labcorp Holdings: where each dollar of revenue goesLabcorp Holdings: where each dollar of revenue goesCost of revenue71¢Gross profit29¢Operating expenses19¢Operating profit11¢Income tax2¢Net earnings7¢Operating cash flow15¢Free cash flow11¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.8B100.0%
Cost of revenue$2.7B70.9%
Gross profit$1.1B29.1%
Operating expenses$706M18.5%
Operating profit$402M10.6%
Income tax$64.9M1.7%
Net earnings$263M6.9%
Operating cash flow$564M14.8%
Free cash flow$412M10.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.8B+7%
Q2 2026$3.7B+6%
Q1 2026$3.5B+6%
Q4 2025$3.5B+6%
Q3 2025$3.6B+9%
Q2 2025$3.5B+10%
Q1 2025$3.3B+5%

From Labcorp Holdings' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Labcorp Holdings make money?

Labcorp Holdings (LH) made $3.8B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 29¢ was left as gross profit, 11¢ was left as operating profit, 7¢ was left as net earnings.

What is Labcorp Holdings' profit margin?

Net earnings were $263M, 6.9% of revenue, in the third quarter 2026; the operating margin was 10.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.