The financials
Idexx Laboratories by the numbers
Idexx Laboratories (IDXX) reported revenue of $1.22B in Q2 2026 (quarter ended June 30, 2026), up 9.7% from the same quarter a year earlier. That came with a gross margin of 64% and net income of $338M (28% of revenue). For the full year FY2025, revenue was $4.30B (+10% year on year) and net income $1.06B. Its largest product in 2026-Q1 was Vet Lab Consumables at $413M, 36% of the disclosed total, just ahead of Reference Laboratory Diagnostic And Consulting Services at 34%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.22B | $1.11B | +9.7% |
| Gross profit | $779M | $695M | +12% |
| Operating income | $426M | $373M | +14% |
| Net income | $338M | $294M | +15% |
| Diluted EPS | $4.27 | $3.63 | +18% |
| Product | Revenue | Share |
|---|---|---|
| Vet Lab Consumables | $413M | 36% |
| Reference Laboratory Diagnostic And Consulting Services | $386M | 34% |
| Veterinary Software Services And Diagnostic Imaging Systems | $91M | 8.0% |
| Rapid Assay Products | $85M | 7.4% |
| Recurring | $74M | 6.4% |
| CAG Diagnostic Capital Instruments | $42M | 3.7% |
| CAG Diagnostics Service And Accessories | $37M | 3.2% |
| Systems And Hardware | $18M | 1.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.15B (+4.1%)
CAG Diagnostic Capital Instruments grew +33% year on yearRapid Assay Products +1.1% year on year
Segment Latestquarter on quarteryear on year
- Vet Lab Consumables$412.6M$412.6MQoQ +6.4%year on year +20%+6.4%+20%
- Reference Laboratory Diagnostic And Consulting Services$386.2M$386.2MQoQ +6.5%year on year +12%+6.5%+12%
- Veterinary Software Services And Diagnostic Imaging Systems$91.3M$91.3MQoQ +4.0%year on year +12%+4.0%+12%
- Rapid Assay Products$84.9M$84.9MQoQ -4.2%year on year +1.1%-4.2%+1.1%
- Recurring$73.5M$73.5MQoQ +3.6%year on year +12%+3.6%+12%
- CAG Diagnostic Capital Instruments$42.4M$42.4MQoQ -18%year on year +33%-18%+33%
- CAG Diagnostics Service And Accessories$36.6M$36.6MQoQ +7.4%year on year +11%+7.4%+11%
- Systems And Hardware$17.8M$17.8MQoQ +5.7%year on year +12%+5.7%+12%
Diagnostics & Research
Ranks #10 of 29 by Smart Score