LH · 10-Q · 2026Q2 · Full report
Operating Income and Margins
LABCORP HOLDINGS INC. · 2026-08-05 · Importance 54 · Surprise 40 · No source text
Second-quarter 2026 operating income increased 14.5% to $451.6 million from $394.5 million. Dx operating income rose 8.2% to $522.6 million, while its operating margin improved approximately 50 basis points to 18.0% due to organic growth and operating efficiencies. BLS operating income increased 15.3% to $142.2 million, and its margin expanded approximately 130 basis points to 17.0% because of Central Laboratory organic growth and ED strategic-action efficiencies. Six-month operating income increased 15.5% to $832.4 million, with Dx and BLS margins improving 40 and 100 basis points, respectively.
Key facts
- Segment operating income for the six months ended June 30, 2026, was $1,244.2 compared to $1,140.5 in the corresponding period in 2025, an increase of 9.1%. source
- Dx segment operating margin for the three months ended June 30, 2026, was 18.0% compared to 17.6% in the corresponding period in 2025, an increase of approximately 50 basis points year-over-year. source
- BLS segment operating margin for the three months ended June 30, 2026, was 17.0% compared to 15.7% in the corresponding period in 2025, an increase of approximately 130 basis points year-over-year. source
- Dx segment operating margin for the six months ended June 30, 2026, was 17.3% compared to 16.9% in the corresponding period in 2025, an increase of approximately 40 basis points year-over-year. source
- BLS segment operating margin for the six months ended June 30, 2026, was 16.3% compared to 15.3% in the corresponding period in 2025, an increase of approximately 100 basis points year-over-year. source
- Total operating income for the three months ended June 30, 2026, was $451.6, an increase of 14.5% from $394.5 in the corresponding period in 2025. source
- Total operating income for the six months ended June 30, 2026, was $832.4, an increase of 15.5% from $720.5 in the corresponding period in 2025. source
- Dx segment operating income for the three months ended June 30, 2026, was $522.6, an increase of 8.2% from $482.8 in the corresponding period in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.0% | Total operating income for the six months ended June 30, 2026, was $832.4, an increase of 15.5% from $720.5 in the corresponding period in… |
| operating_income | positive | realized | +2.8% | Segment operating income for the six months ended June 30, 2026, was $1,244.2 compared to $1,140.5 in the corresponding period in 2025, an… |
| operating_income | positive | realized | +1.9% | Dx segment operating income for the six months ended June 30, 2026, was $981.3, an increase of 7.8% from $910.3 in the corresponding… |
| operating_income | positive | realized | +1.6% | Segment operating income for the three months ended June 30, 2026, was $664.8 compared to $606.1 in the corresponding period in 2025, an… |
| operating_income | positive | realized | +1.5% | Total operating income for the three months ended June 30, 2026, was $451.6, an increase of 14.5% from $394.5 in the corresponding period… |
| margin | positive | realized | +1.3% | BLS segment operating margin for the three months ended June 30, 2026, was 17.0% compared to 15.7% in the corresponding period in 2025, an… |
| operating_income | positive | realized | +1.1% | Dx segment operating income for the three months ended June 30, 2026, was $522.6, an increase of 8.2% from $482.8 in the corresponding… |
| margin | positive | realized | +1.0% | BLS segment operating margin for the six months ended June 30, 2026, was 16.3% compared to 15.3% in the corresponding period in 2025, an… |
| operating_income | positive | realized | +0.9% | BLS segment operating income for the six months ended June 30, 2026, was $262.9, an increase of 14.2% from $230.2 in the corresponding… |
| operating_income | positive | realized | +0.5% | BLS segment operating income for the three months ended June 30, 2026, was $142.2, an increase of 15.3% from $123.3 in the corresponding… |
| margin | positive | realized | +0.4% | Dx segment operating margin for the three months ended June 30, 2026, was 18.0% compared to 17.6% in the corresponding period in 2025, an… |
| margin | positive | realized | +0.4% | Dx segment operating margin for the six months ended June 30, 2026, was 17.3% compared to 16.9% in the corresponding period in 2025, an… |