How does IDEXX Laboratories (IDXX) make money?

IDEXX Laboratories (IDXX) generates revenue primarily from Product, which accounted for 59.2% of total revenue in TTM through Q1 2026. The company reported $4.45B in revenue and converted 24.6% of it into net profit, equivalent to roughly $1.1B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of IDEXX Laboratories (IDXX)?

IDEXX Laboratories (IDXX) reported a gross profit margin of 62.1% in TTM through Q1 2026, equivalent to $2.76B in gross profit on $4.45B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of IDEXX Laboratories (IDXX)?

IDEXX Laboratories (IDXX) reported an operating profit margin of 31.6% in TTM through Q1 2026, equivalent to $1.41B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of IDEXX Laboratories (IDXX)?

IDEXX Laboratories (IDXX) reported a net profit margin of 24.6% in TTM through Q1 2026, equivalent to $1.1B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is IDEXX Laboratories (IDXX) profitable?

Yes. IDEXX Laboratories (IDXX) reported $1.1B in net income for TTM through Q1 2026, with a net profit margin of 24.6%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does IDEXX Laboratories (IDXX) invest in research and development?

IDEXX Laboratories (IDXX) invested $258M in research and development during TTM through Q1 2026, roughly 5.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does IDEXX Laboratories (IDXX) spend on capital expenditures?

IDEXX Laboratories (IDXX) spent $127M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 2.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does IDEXX Laboratories (IDXX) generate?

IDEXX Laboratories (IDXX) generated $1.08B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 24.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of IDEXX Laboratories (IDXX)?

IDEXX Laboratories (IDXX) had an effective tax rate of 20% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of IDEXX Laboratories (IDXX)?

IDEXX Laboratories (IDXX) reports revenue across 2 reportable product segments, led by Product at 59.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does IDEXX Laboratories (IDXX) generate most of its revenue?

UNITED STATES is the largest geographic market for IDEXX Laboratories (IDXX), accounting for 63.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How IDEXX Laboratories Makes Money: 2026 Visual Revenue Map

IDEXX Laboratories (IDXX) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

IDEXX Laboratories (IDXX) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for IDEXX Laboratories (IDXX), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Product	$2.63B	59.2%
Service	$1.81B	40.8%
Total	$4.45B	100%

Product$2.63B
Service$1.81B
Total$4.45B

IDEXX Laboratories (IDXX) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for IDEXX Laboratories (IDXX), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$2.82B	63.2%
EMEA	$990M	22.2%
Asia Pacific	$369M	8.3%
CANADA	$171M	3.8%
Latin America	$114M	2.5%
Total	$4.47B	100%

UNITED STATES
EMEA
Asia Pacific
CANADA
Latin America
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, IDEXX Laboratories (IDXX) reports revenue across 2 reportable product segments; the largest segment was Product at 59.2%, followed by Service (40.8%). Geographically, UNITED STATES accounted for 63.2% of revenue, followed by EMEA (22.2%) and Asia Pacific (8.3%).

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