Labcorp Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,952	13,009	12,162	11,864	13,136
Revenue Growth (YoY)	7.25%	6.97%	2.51%	-9.69%	-6.03%
Cost of Revenue	9,939	9,385	8,797	8,155	8,144
Gross Profit	4,013	3,624	3,365	3,709	4,992
Selling, General & Admin	2,216	2,230	2,032	1,763	1,690
Amortization of Goodwill & Intangibles	280	256.4	219.8	193.6	141.1
Operating Expenses	2,496	2,486	2,252	1,957	1,831
Operating Income	1,516	1,138	1,113	1,752	3,161
Interest Expense	-224.1	-208.3	-199.6	-179.8	-211.8
Interest & Investment Income	15.2	22.3	28.8	7.5	8.8
Earnings From Equity Investments	-13.3	-1.4	-1.4	5.4	26.5
Currency Exchange Gain (Loss)	-	-15.3	-	-	-
Other Non Operating Income (Expenses)	-51.2	160.5	77.3	-32.2	-46.3
EBT Excluding Unusual Items	1,243	1,096	1,018	1,553	2,938
Merger & Restructuring Charges	-127.2	-46.4	-54	-54.5	-24
Impairment of Goodwill	-	-	-333.6	-	-
Gain (Loss) on Sale of Investments	-	-11.4	-4.8	-	61.8
Gain (Loss) on Sale of Assets	-	6.4	-	-	-
Asset Writedown	-4.3	-5.3	-15.4	-261.7	-88.4
Other Unusual Items	-3.8	-79.6	-41.2	0.5	-
Pretax Income	1,108	959.5	568.9	1,237	2,888
Income Tax Expense	229.8	212.4	188.5	233.9	690
Earnings From Continuing Operations	877.7	747.1	380.4	1,004	2,198
Earnings From Discontinued Operations	-	-	38.8	277.1	181.9
Net Income to Company	877.7	747.1	419.2	1,281	2,380
Minority Interest in Earnings	-1.2	-1.1	-1.2	-1.5	-2.2
Net Income	876.5	746	418	1,279	2,377
Net Income to Common	876.5	746	418	1,279	2,377
Net Income Growth	17.49%	78.47%	-67.32%	-46.20%	52.77%
Shares Outstanding (Basic)	83	84	87	91	97
Shares Outstanding (Diluted)	84	84	88	92	98
Shares Change (YoY)	-0.71%	-3.65%	-4.37%	-6.05%	-0.51%
EPS (Basic)	10.53	8.89	4.80	14.04	24.58
EPS (Diluted)	10.46	8.84	4.77	13.97	24.39
EPS Growth	18.33%	85.21%	-65.82%	-42.73%	53.56%
Free Cash Flow	1,206	1,096	874.1	1,417	2,597
Free Cash Flow Per Share	14.39	12.98	9.98	15.47	26.63
Dividend Per Share	2.880	2.880	2.880	2.160	-
Dividend Growth	-	-	33.33%	-	-
Gross Margin	28.76%	27.86%	27.67%	31.26%	38.01%
Operating Margin	10.87%	8.75%	9.15%	14.77%	24.06%
Profit Margin	6.28%	5.73%	3.44%	10.78%	18.10%
Free Cash Flow Margin	8.64%	8.42%	7.19%	11.95%	19.77%
EBITDA	2,197	1,701	1,621	2,222	3,664
EBITDA Margin	15.75%	13.08%	13.33%	18.73%	27.89%
D&A For EBITDA	681.1	563.4	507.8	469.5	503.3
EBIT	1,516	1,138	1,113	1,752	3,161
EBIT Margin	10.87%	8.75%	9.15%	14.77%	24.06%
Effective Tax Rate	20.75%	22.14%	33.13%	18.90%	23.89%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.