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Labcorp Holdings LH Diagnostics — Operating Income

Other segment segments

Biopharma Laboratory Services
$120.7M+12.9%
Corporate Segment
-$116.6M+11.9%

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Other financials

Income statement

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Revenue$3.5B+5.8%
Gross profit$1.0B+6.9%
Operating income$380.8M+16.8%
Net income$277.8M+30.5%
EPS (diluted)$3.35+32.9%

Balance sheet

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Cash & equivalents$981.1M+166%
Total debt$7.2B+11.1%
Total equity$8.7B+5.1%
Total assets$19.1B+8.4%

Cash flow

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Operating cash flow$191.5M+935%
CapEx$121.0M-4.0%
Free cash flow$70.5M+166%

Valuation

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Market cap$22.96B+9.4%
Enterprise value$29.22B+10.7%
P/E24.4×-3.1×
P/S1.6×+0.1×

Profitability

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Gross margin28.8%+0.9pp
Operating margin10.2%+1.9pp
Net margin6.7%+1.1pp
FCF margin9.8%+1.0pp

Returns & leverage

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Return on equity11.1%+2.1pp
Debt / equity0.8×0.0×
Current ratio1.7×-0.1×

Where this comes from

Reported directly by Labcorp Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Labcorp Holdings’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Labcorp Holdings's diagnostics — operating income?
Labcorp Holdings (LH) reported diagnostics — operating income of $458.7M in Q1 2026.
How has Labcorp Holdings's diagnostics — operating income changed year-over-year?
Labcorp Holdings's diagnostics — operating income increased by 7.3% year-over-year, from $427.5M to $458.7M.
What is the long-term trend for Labcorp Holdings's diagnostics — operating income?
Over 4 years (2021 to 2025), Labcorp Holdings's diagnostics — operating income has grown at a -13.7% compound annual growth rate (CAGR), from $3.21B to $1.78B.
What does diagnostics — operating income mean?
This metric represents the profitability of the core laboratory testing and diagnostic services segment after accounting for direct operating costs, including labor, medical supplies, and depreciation. It serves as a primary indicator of the segment's ability to generate earnings from its clinical testing operations before interest, taxes, and corporate-level overhead. This measure reflects the operational efficiency and pricing power of the diagnostic business unit.