IDEXX Laboratories 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	4,304	3,898	3,661	3,367	3,215
Revenue Growth (YoY)	10.42%	6.46%	8.72%	4.73%	18.80%
Cost of Revenue	1,644	1,519	1,471	1,363	1,326
Gross Profit	2,660	2,379	2,190	2,004	1,889
Selling, General & Admin	1,048	969.3	901.89	850.75	796.4
Research & Development	251.21	219.79	190.95	254.82	161.01
Operating Expenses	1,300	1,189	1,093	1,106	957.4
Operating Income	1,360	1,190	1,097	898.77	932.03
Interest Expense	-35.84	-31.21	-41.58	-39.86	-29.81
Interest & Investment Income	-	12.7	5.63	1.07	0.43
EBT Excluding Unusual Items	1,324	1,171	1,061	859.97	902.65
Legal Settlements	-	-61.5	-	-	-
Pretax Income	1,324	1,110	1,061	859.97	902.65
Income Tax Expense	264.73	221.96	216.13	180.88	157.81
Earnings From Continuing Operations	1,059	887.87	845.04	679.09	744.84
Minority Interest in Earnings	-	-	-	-	0
Net Income	1,059	887.87	845.04	679.09	744.85
Net Income to Common	1,059	887.87	845.04	679.09	744.85
Net Income Growth	19.33%	5.07%	24.44%	-8.83%	28.03%
Shares Outstanding (Basic)	80	82	83	84	85
Shares Outstanding (Diluted)	81	83	84	85	87
Shares Change (YoY)	-2.67%	-0.87%	-0.73%	-2.28%	-0.17%
EPS (Basic)	13.17	10.77	10.17	8.12	8.74
EPS (Diluted)	13.08	10.67	10.06	8.03	8.60
EPS Growth	22.59%	6.06%	25.28%	-6.63%	28.17%
Free Cash Flow	1,057	808.08	772.88	394.15	636
Free Cash Flow Per Share	13.05	9.71	9.20	4.66	7.35
Gross Margin	61.80%	61.04%	59.82%	59.52%	58.76%
Operating Margin	31.60%	30.53%	29.97%	26.69%	28.99%
Profit Margin	24.62%	22.78%	23.08%	20.17%	23.16%
Free Cash Flow Margin	24.56%	20.73%	21.11%	11.71%	19.78%
EBITDA	1,502	1,320	1,212	1,011	1,037
EBITDA Margin	34.90%	33.86%	33.11%	30.01%	32.24%
D&A For EBITDA	141.95	129.94	114.91	111.9	104.6
EBIT	1,360	1,190	1,097	898.77	932.03
EBIT Margin	31.60%	30.53%	29.97%	26.69%	28.99%
Effective Tax Rate	19.99%	20.00%	20.37%	21.03%	17.48%
Revenue as Reported	-	3,898	3,661	3,367	3,215
Advertising Expenses	-	3.4	4.2	5	3.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.