LH · 10-Q · 2026Q3 · Full report

Gross Margin Drivers

LABCORP HOLDINGS INC. · 2026-10-30 · Importance 25 · Surprise 32 · No source text

For the third quarter of 2026, cost of revenues increased 6.4% to $2,701.9 million, while cost of revenues declined to 70.9% of revenue from 71.2%. For the first nine months, cost of revenues increased 5.8% to $7,844.8 million, while its share of revenue fell to 70.8% from 71.1%. The company attributed both period margin improvements primarily to organic growth and operating efficiencies.

Key facts

• Labcorp’s cost of revenues increased 6.4% in the three months ended September 30, 2026, while cost of revenues declined to 70.9% of revenues from 71.2%, primarily due to organic growth and operating efficiencies. source
• Labcorp’s cost of revenues increased 5.8% in the nine months ended September 30, 2026, while cost of revenues declined to 70.8% of revenues from 71.1%, primarily due to organic growth and operating efficiencies. source

Impact estimates