Income StatementBalance SheetCash FlowSegments
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Quest Diagnostics Business Segments

Business, geographic, and product segment breakdowns

Quest Diagnostics generates $11.3B in annual revenue across 3 key segments: All other operating segments ($31.0M), DIS business ($1.9B), and General corporate activities (-$294.0M). The company-wide operating margin is 14.27%. Based on the Q1 2026 filing.

All other operating segments (TTM)$31.0MDIS business (TTM)$1.9BGeneral corporate activities (TTM)-$294.0M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$21.0B
P/E Ratio20.52
ROE14.33%

Products & Services

Percentage of net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fee-for-service—35.0%37.0%37.0%—33.0%
Capitated—3.0%3.0%2.0%—3.0%

Total net revenues, percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DS revenues0.8%0.5%0.5%0.5%0.5%—
Hospital lab services5.0%4.5%4.5%4.5%4.5%—
Other DIS2.3%2.3%2.3%2.3%2.3%—
Physician lab services17.0%17.8%17.8%17.8%17.8%—

Percentage of net accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Medicare and Medicaid Programs6.0%———7.0%—

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Percentage of net accounts receivable1.0%———1.0%—

Business Segments

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business$94.0M$97.0M$100.0M$99.0M$104.0M$106.0M
General corporate activities$37.0M$39.0M$40.0M$40.0M$37.0M$38.0M
All other operating segments$4.0M$4.0M$3.0M$3.0M$4.0M$3.0M

Net accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business98.0%98.0%98.0%98.0%98.0%98.0%
All other operating segments2.0%2.0%2.0%2.0%2.0%2.0%

Net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business$2.6B$2.6B$2.7B$2.8B$2.7B$2.8B
All other operating segments$65.0M$63.0M$62.0M$61.0M$64.0M$63.0M

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business$430.0M$414.0M$494.0M$482.0M$439.0M$457.0M
General corporate activities-$79.0M-$76.0M-$63.0M-$105.0M-$61.0M-$65.0M
All other operating segments$10.0M$8.0M$7.0M$9.0M$8.0M$7.0M

Percentage of net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business—98.0%98.0%98.0%—98.0%
All other operating segments—2.0%2.0%2.0%—2.0%

Less: Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business-$13.8B$2.2B$2.2B$2.3B-$15.6B$2.4B

Percentage of net accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business24.5%24.5%24.5%24.5%24.5%—
DS businesses0.5%0.5%0.5%0.5%0.5%—

Segment, Expenditure, Addition to Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business$102.5M$128.5M$128.5M$128.5M$128.5M—
DS businesses$1.8M$2.5M$2.5M$2.5M$2.5M—
General corporate activities$2.0M$750.0K$750.0K$750.0K$750.0K—

Total net revenues, percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
DIS business24.3%24.5%24.5%24.5%24.5%—