Labcorp (LH) Q3 2025 10-Q Quarterly Report

Filed: Oct 31, 2025Period ending Sep 30, 2025
Health Care
Services-Medical LaboratoriesSEC EDGAR

Labcorp (LH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Labcorp Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $3.56B Q3 FY25, up 8.6% YoY from $3.28B; organic growth 6.2%, acquisitions 1.7%, currency 0.7%
  • Operating margin Q3 FY25: Dx 16.3% vs 15.2% YoY, BLS 16.5% vs 16.4% YoY; total operating income $396.6M up 56.1% YoY
  • Best segment Dx: operating income $450.4M up 16.3%, worst relative margin change BLS: 16.5% up only 0.2%
  • Cash and equivalents $598.1M at Q3 FY25, down from $1.52B YoY; operating cash flow $1.03B up from $808.6M; $1.17B cash used in financing, including increased stock repurchases
  • Management notes potential revenue risk from new US healthcare law (OBBBA) but expects no material impact; expects ongoing compliance with debt covenants and sufficient liquidity

Risk Factors

  • No material changes in risk factors from 2024 10-K carried forward
  • Pandemic impact risk persists with potential lab test volume fluctuations
  • Regulatory compliance risk from evolving healthcare laws maintained without update
  • Competitive pressure from new diagnostic entrants remains a key market risk
  • Financial risk includes ongoing liquidity management amid capital expenditure demands

Labcorp Q3 2025 Quarterly Financials
XBRL

Revenue

$3.6B

+8.6% YoY +1.0% QoQ

Net Income

$261M

+54.2% YoY +9.8% QoQ

Gross Margin

28.8%

+121bp YoY -89bp QoQ

Operating Margin

11.1%

+339bp YoY -5bp QoQ

Net Margin

7.3%

+217bp YoY +58bp QoQ

ROE

3.0%

Total Assets

$18.3B

EPS (Diluted)

$3.12

+56.0% YoY +9.9% QoQ

Operating Cash Flow

$387M

+39.6% YoY -37.6% QoQ

Source: XBRL data from Labcorp Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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