Idexx Laboratories Q2 FY26: where the revenue came from and where it went
The whole income statement of Idexx Laboratories for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Aug 4, 2026
Revenue$1.22B
+10% year over year
Gross profit$0.78B
64% margin
Operating profit$0.43B
35% margin
Net profit$0.34B
28% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.22 | 100% | +10% |
| IDEXX VetLab consumables | 0.43 | 35% | +15% |
| Reference laboratory | 0.41 | 34% | +11% |
| Rapid assay products | 0.10 | 8% | +1% |
| Recurring | 0.08 | 6% | +11% |
| Other | 0.06 | 5% | |
| Water segment | 0.06 | 5% | +15% |
| capital - instruments | 0.05 | 4% | −19% |
| services & accessories | 0.04 | 3% | +3% |
| Cost of revenue | −0.44 | 36% | |
| Gross profit | 0.78 | 64% margin | +1pp |
| R&D | −0.07 | 5% | +0pp |
| Sales & marketing | −0.17 | 14% | +0pp |
| G&A | −0.12 | 10% | +1pp |
| Operating profit | 0.43 | 35% margin | +1pp |
| Interest & other costs | −0.01 | ||
| Tax | −0.08 | ||
| Net profit | 0.34 | 28% margin | +1pp |
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