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IDXX · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 9.7% y/y to $1.22B, operating margin 35.0% vs 33.6%, net income $338M (+15.1% y/y).
Net income attributable to stockholders
$338M
up 15.1% y/y
Revenue
$1,217M
up 9.7% y/y
Income from operations
$426M
up 14.1% y/y
Gross profit
$779M
up 12.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $1,217 · +9.7% |
| Cost of revenue | $437 · +5.5% |
| Gross profit | $779 · +12.1% · 64.0% margin |
| Sales and marketing | $171 · +6.3% |
| General and administrative | $117 · +18.4% |
| Research and development | $65.4 · +5.7% |
| Income from operations | $426 · +14.1% · 35.0% margin |
| Non-operating income (expense), net | $8.3 · −22.0% |
| Income before provision for income taxes | $417 · +15.1% |
| Provision for income taxes | $78.8 · +15.3% · 18.9% effective rate |
| Net income attributable to stockholders | $338 · +15.1% · $4.27/sh · 27.8% margin |
Verdict: revenue grew 9.7% y/y to $1.22B, operating margin 35.0% vs 33.6%, net income $338M (+15.1% y/y).
Source and notation
Source: IDEXX Laboratories press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: IDXX, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “IDXX Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/idxx/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/idxx/q2-2026"><img src="https://whoreportstoday.com/t/idxx/q2-2026/sankey.png" alt="IDXX Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/idxx/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/idxx/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/idxx/q2-2026">IDXX Q2 2026 earnings chart (Who Reports Today)</a>
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- Gross margin was 64.0% vs 62.6% a year earlier.
- Operating income was $426M, a 35.0% margin vs 33.6% a year earlier.
- The effective tax rate was 18.9% vs 18.9% a year earlier.
- Diluted EPS was $4.27 vs $3.63 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
IDXX — an animal-health diagnostics company that makes analyzers, rapid tests and software for veterinary clinics and runs reference laboratories, and also sells water and livestock testing products.
Its reportable segments are the Companion Animal Group, Water quality products, and Livestock, Poultry and Dairy; human point-of-care diagnostics are reported as Other. · Source: annual report (Form 10-K, SEC)
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