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LH

Labcorp

Health CareHealth ServicesS&P 500
Ticker LHBURLINGTON, NCFiscal year ends DecemberBook value per share $104.36Diluted shares 82.5M

Labcorp Holdings Inc. (NYSE: LH) provides clinical laboratory testing and drug development services to healthcare providers, health plans, patients, pharmaceutical and biotechnology companies, medical device and diagnostic companies, and contract research organizations. Its Diagnostics Laboratories (Dx) segment offers… From the company’s description.

In fiscal 2025, Labcorp reported revenue of $13.95B, up 7.2% from fiscal 2024, and net income of $877.70M. Its operating margin was 9.9%, and operations generated $1.64B in cash. Over the twelve months to Jun 30, 2026, revenue was $14.35B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$13.95BFY2025
+7.2% year over year
Last 12 mo $14.35B
9.92%FY2025
+1.6 percentage points
Last 12 mo 10.43%
$877.70MFY2025
+17.5% year over year
Last 12 mo $1.00B
10.21%FY2025
+0.9 percentage points
Last 12 mo 11.65%
Cash & financing
$1.64BFY2025
+3.4% year over year
Last 12 mo $1.64B
$1.21BFY2025
+10.0% year over year
Last 12 mo $1.16B
0.66FY2025
Was 0.80× a year earlier
Last 12 mo 0.69
83.8MFY2025
−0.7% year over year
Last 12 mo 82.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Labcorp does

In the company’s own words

Labcorp Holdings Inc. (NYSE: LH) provides clinical laboratory testing and drug development services to healthcare providers, health plans, patients, pharmaceutical and biotechnology companies, medical device and diagnostic companies, and contract research organizations. Its Diagnostics Laboratories (Dx) segment offers routine and specialty testing, including clinical, anatomic pathology, genetic and genomic tests, as well as patient collection and digital services; its Biopharma Laboratory Services (BLS) segment supports drug development through early-development research, clinical-trial laboratory testing, biomarker services and companion diagnostics. In 2025, Dx generated 78% of revenue and BLS 22%; total revenue was $13.95 billion. The company performed more than 750 million tests during the year, with nearly 71,000 employees serving customers in approximately 100 countries. Its consumer testing channel includes Labcorp OnDemand, and its patient-facing services include Labcorp Patient. Labcorp spun off its former clinical development and commercialization services business, Fortrea, in June 2023. Its website is https://www.labcorp.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
BURLINGTON, NC
Fiscal year end
December
CIK
920148
SIC
8071

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.61B$3.22B$8.06B$12.90B$17.73B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Labcorp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

703
funds hold it
1 of 35
superinvestors hold it
$9.41B
held by funds, at market
42.6%
of shares held by funds

Superinvestors in Labcorp · what they did last quarter

Wallace WeitzUNCHANGED
Weitz Investment Management
1.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Labcorp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.22%of fund net assets
Allspring Special Mid Cap Value Fund
WFMDX · ALLSPRING FUNDS TRUST
3.19%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
2.62%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Labcorp and its peers compare on margins and cash generation over ten years?”
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