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Idexx Laboratories Income Statement

Revenue, expenses, and profitability over time

Idexx Laboratories generated $4.4B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.1B with a 24.63% net margin. Gross margin stands at 62.05% and operating margin at 31.63%. Diluted EPS is $13.59, which grew 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.4BGross Profit (TTM)$2.8BOperating Income (TTM)$1.4BNet Income (TTM)$1.1BEps Diluted (TTM)$13.59
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$44.0B
P/E Ratio40.18
ROE72.92%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.65$2.98$3.66$3.43$3.11$3.50
Diluted earnings per share$2.62$2.96$3.63$3.40$3.09$3.47
Weighted-average shares, basic82.5M81.3M80.4M80.1M80.4M79.6M
Weighted-average shares, diluted83.2M81.9M81M80.7M81M80.2M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$101.1M$91.6M$98.7M$105.9M$108.6M$119.1M
Other operating expenses$309M$306.8M$321.7M$328.5M$342.5M$360.2M
Research and development$57.7M$59.1M$61.9M$63.4M$66.8M$65.8M
Selling and marketing$150.1M$156.2M$161.1M$159.2M$167.1M$175.3M
Total operating expenses$309M$306.8M$321.7M$328.5M$342.5M$360.2M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$570.7M$623.4M$694.7M$683.4M$658.1M$722.7M
Operating income$261.7M$316.5M$373M$354.8M$315.6M$362.6M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$256.4M$310.1M$362.4M$344.8M$307M$355.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$40.2M$67.4M$68.4M$70.2M$58.8M$77M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$7.5M$7.7M$11.3M$10.7M$9.2M$7.7M
Interest income$2.2M$1.2M$627K$580K$587K$597K

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$216.1M$242.7M$294M$274.6M$248.2M$278.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest income and other, net$2.2M$1.2M$627K$580K$587K$597K
Revenue From Contract With Customer Excluding Assessed Tax$954.3M$998.4M$1.1B$1.1B$1.1B$1.1B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$383.6M$375M$414.7M$421.9M$432.5M$418.1M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$954.3M$998.4M$1.1B$1.1B$1.1B$1.1B