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Idexx Laboratories Business Segments

Business, geographic, and product segment breakdowns

Idexx Laboratories generates $4.4B in annual revenue across 3 key segments: CAG (7.5M), LPD (1.6M), and Water segment revenue (298K). The company-wide operating margin is 31.63%. Based on the Q1 2026 filing.

CAG (TTM)7472000.00LPD (TTM)1634000.00Water segment revenue (TTM)298000.00
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$44.0B
P/E Ratio40.18
ROE72.92%

Products & Services

Capitalized customer acquisition costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Customer commitment arrangements, multi-year arrangements$196.6M$197.8M$217.7M$237.3M$250.1M$264.6M

Estimation of future revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Customer commitment arrangements, multi-year arrangements$4.4B$4.7B$4.7B$4.7B$5B$4.9B
Reagent rental arrangements$69.1M$69.1M$72.3M$75.6M$94.7M$102M
Extended warranties and post contract support$8.7M$8.8M$9.1M$9M$9.5M$9.4M

Recognized as a reduction of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Customer commitment arrangements, multi-year arrangements$12.6M$16.5M$15.8M$15.2M$14.5M$19.2M

Revenue, remaining performance obligation (as a percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Extended warranties and post contract support0.400.340.370.400.400.34
Rebate and up-front considerations arrangements0.340.280.280.290.290.27
Customer commitment arrangements, multi-year arrangements0.280.250.260.270.280.26
Reagent rental arrangements0.260.250.260.300.240.26

Deferred revenue recognized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Extended warranties and post contract support$1.2M$16M$1.4M$1.3M$1M$16.8M
Rebate and up-front considerations arrangements$2.5M$2.8M$2.6M$2.5M$2.4M$2.5M

Commitment contract assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free or discounted instruments and systems$246.3M$252.8M$274.8M$288.7M$312.7M$318.7M

Commitment contract assets reclassified to accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free or discounted instruments and systems$13.2M$19.2M$13M$15.5M$15.2M$20.6M

Instruments transferred to property and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating-type reagent rental arrangements$3.7M$3.3M$2.8M$1.8M$2M$1.7M

Lease receivable asset reclassified to accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales-type reagent rental arrangements$1.4M$1.3M$1.3M$1.3M$1.3M$1.4M

Business Segments

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CAG-1257250.001868000.001868000.001868000.001868000.00—
LPD-376250.00408500.00408500.00408500.00408500.00—
Water segment revenue-27250.0074500.0074500.0074500.0074500.00—