Companies /Healthcare

Idexx Laboratories Inc

NASDAQ: IDXX Diagnostics & Research
$544.31
▼ $9.13 (−1.65%) today
Markets open · 1:48pm ET

Q4 2025 Earnings

Reported Feb 2, 2026, 6:39am ET · SEC source
$3.08
Beat +4.85%
EPS · est. $2.94
$1.1B
Beat +1.73%
Revenue · est. $1.1B
−1.2%
Trailing market
IDXX vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

−4.60%
Day of report
−1.10%
Next session
+0.03%
One week
−3.23%
30 days

S&P 500 over the same 30 days: −2.03%.

Did IDXX Beat Earnings? Q4 2025 Results

Revenue was $1.09 billion, below the $1.09 billion consensus estimate. EPS was $3.08, above the $2.99 consensus estimate. IDEXX Laboratories reported a 14% increase in revenue for Q4 2025 compared to the same period last year, driven by strong growth in Companion Animal Group (CAG) diagnostics. The company achieved a notable 18% increase in EPS, supported by operating margin expansion and favorable currency impacts. The company projects 2026 revenue to range between $4.63 billion and $4.72 billion, with EPS expected to grow between 9% and 13%. Key growth drivers include the successful launch of IDEXX Cancer Dx for canine lymphoma and the expansion of the IDEXX inVue Dx instrument base.

Key Takeaways
  • Strong CAG Diagnostics recurring revenue growth
  • Expansion of IDEXX inVue Dx instrument base

“IDEXX delivered a strong finish to 2025, supported by consistently high levels of execution by IDEXX teams around the world.”

IDEXX Laboratories CEO, on the earnings call

Forward Guidance & Outlook

IDEXX Laboratories projects 2026 revenue to range between $4.63 billion and $4.72 billion, reflecting growth of 7.6% to 9.6%. The company expects EPS to increase between 9% and 13%, driven by solid organic revenue gains and operating margin improvements.

IDXX YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$300.0M$600.0M$900.0M$954.3M$1.1BRevenue$570.6M$658.1MGross Profit$261.7M$315.6MOperating Income$216.1M$274.6MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

IDXX Revenue by Segment

Companion Animal Group
CAG Diagnostics Recurring Revenue
IDEXX VetLab Consumables
Reference Laboratory Diagnostic and Consulting Services
Rapid Assay Products
Veterinary Software, Services and Diagnostic Imaging Systems
CAG Diagnostics Capital Instruments
Water

IDXX Revenue by Geography

United States
Rest of World

Figures from SEC filings and company reports. Not investment advice.