Labcorp (LH) Revenue & Revenue Breakdown


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Labcorp Revenue Highlights


Latest Revenue (Y)

$12.16B

Latest Revenue (Q)

$3.35B

Main Segment (Y)

LabCorp Diagnostics

Main Geography (Y)

North America

Labcorp Revenue by Period


Labcorp Revenue by Year

DateRevenueChange
2023-12-31$12.16B-18.25%
2022-12-31$14.88B-7.72%
2021-12-31$16.12B15.33%
2020-12-31$13.98B20.98%
2019-12-31$11.55B1.95%
2018-12-31$11.33B8.54%
2017-12-31$10.44B8.29%
2016-12-31$9.64B11.08%
2015-12-31$8.68B44.39%
2014-12-31$6.01B3.50%
2013-12-31$5.81B2.41%
2012-12-31$5.67B2.33%
2011-12-31$5.54B10.76%
2010-12-31$5.00B6.59%
2009-12-31$4.69B4.21%
2008-12-31$4.51B10.74%
2007-12-31$4.07B13.30%
2006-12-31$3.59B7.91%
2005-12-31$3.33B7.87%
2004-12-31$3.08B4.95%
2003-12-31$2.94B17.21%
2002-12-31$2.51B14.00%
2001-12-31$2.20B14.61%
2000-12-31$1.92B12.99%
1999-12-31$1.70B5.34%
1998-12-31$1.61B6.16%
1997-12-31$1.52B-5.52%
1996-12-31$1.61B12.27%
1995-12-31$1.43B64.13%
1994-12-31$872.50M14.73%
1993-12-31$760.50M-

Labcorp generated $12.16B in revenue during NA 2023, up -18.25% compared to the previous quarter, and up 107.31% compared to the same period a year ago.

Labcorp Revenue by Quarter

DateRevenueChange
2025-03-31$3.35B0.47%
2024-12-31$3.33B1.44%
2024-09-30$3.28B1.90%
2024-06-30$3.22B1.39%
2024-03-31$3.18B4.72%
2023-12-31$3.03B-0.77%
2023-09-30$3.06B0.76%
2023-06-30$3.03B-19.70%
2023-03-31$3.78B2.82%
2022-12-31$3.67B1.89%
2022-09-30$3.61B-2.46%
2022-06-30$3.70B-5.20%
2022-03-31$3.90B-3.86%
2021-12-31$4.06B-0.16%
2021-09-30$4.06B5.78%
2021-06-30$3.84B-7.71%
2021-03-31$4.16B-7.31%
2020-12-31$4.49B15.24%
2020-09-30$3.90B40.71%
2020-06-30$2.77B-1.95%
2020-03-31$2.82B-4.39%
2019-12-31$2.95B0.85%
2019-09-30$2.93B1.62%
2019-06-30$2.88B3.24%
2019-03-31$2.79B0.13%
2018-12-31$2.79B-1.55%
2018-09-30$2.83B-1.22%
2018-06-30$2.87B0.63%
2018-03-31$2.85B1.86%
2017-12-31$2.80B5.31%
2017-09-30$2.66B4.42%
2017-06-30$2.54B3.92%
2017-03-31$2.45B0.77%
2016-12-31$2.43B0.57%
2016-09-30$2.41B-0.66%
2016-06-30$2.43B2.65%
2016-03-31$2.37B2.19%
2015-09-30$2.32B2.12%
2015-06-30$2.27B26.54%
2015-03-31$1.79B18.54%
2014-12-31$1.51B-2.52%
2014-09-30$1.55B2.33%
2014-06-30$1.52B5.99%
2014-03-31$1.43B-0.44%
2013-12-31$1.44B-1.72%
2013-09-30$1.46B-0.41%
2013-06-30$1.47B1.89%
2013-03-31$1.44B2.53%
2012-12-31$1.41B-0.99%
2012-09-30$1.42B-0.28%
2012-06-30$1.42B0.01%
2012-03-31$1.42B4.19%
2011-12-31$1.37B-2.73%
2011-09-30$1.40B0.09%
2011-06-30$1.40B2.55%
2011-03-31$1.37B5.64%
2010-12-31$1.30B1.48%
2010-09-30$1.28B3.08%
2010-06-30$1.24B3.75%
2010-03-31$1.19B2.45%
2009-12-31$1.17B-1.69%
2009-09-30$1.19B-0.31%
2009-06-30$1.19B2.86%
2009-03-31$1.16B3.27%
2008-12-31$1.12B-1.41%
2008-09-30$1.14B-1.11%
2008-06-30$1.15B4.04%
2008-03-31$1.10B9.68%
2007-12-31$1.01B-

Labcorp generated $3.35B in revenue during Q1 2025, up 0.47% compared to the previous quarter, and up 110.28% compared to the same period a year ago.

Labcorp Revenue Breakdown


Labcorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22Dec 21Dec 19Dec 18
LabCorp Diagnostics$10.14B$7.00B$7.03B--
Drug Development-$5.71B$11.69B--
Diagnostics-$9.20B$20.73B--
Covance Drug Development---$4.58B$4.31B

Labcorp's latest annual revenue breakdown by segment (product or service), as of Dec 24: LabCorp Diagnostics (100.00%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23
LabCorp Diagnostics$2.63B$2.59B$2.55B$2.52B$2.48B---
Covance Drug Development--$737.70M$707.00M$710.90M---
Diagnostics----$2.48B$9.42B$2.34B$2.34B
Drug Development----$710.90M$2.77B$719.10M$699.00M

Labcorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: LabCorp Diagnostics (100.00%).

Labcorp Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 21Dec 20Dec 19Dec 18
Other countries$976.40M$941.00M$1.20B$1.18B
Europe$2.05B$1.51B--
North America$13.09B$11.53B--

Labcorp's latest annual revenue breakdown by geography, as of Dec 21: North America (81.22%), Europe (12.72%), and Other countries (6.06%).

Quarterly Revenue by Country

CountryMar 25Sep 24Jun 24Mar 24Sep 23Jun 23
UNITED STATES$2.81B$2.74B$2.70B$2.65B$2.55B$2.54B

Labcorp's latest quarterly revenue breakdown by geography, as of Mar 25: UNITED STATES (100.00%).

Labcorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HUMHumana$117.76B$32.11B
UHSUniversal Health Services$15.83B$4.10B
LHLabcorp$12.16B$3.35B
DGXQuest Diagnostics$9.87B$2.76B
HOLXHologic$4.03B$1.01B
WATWaters$2.96B$661.71M

LH Revenue FAQ


What is Labcorp’s yearly revenue?

Labcorp's yearly revenue for 2023 was $12.16B, representing a decrease of -18.25% compared to 2022. The company's yearly revenue for 2022 was $14.88B, representing a decrease of -7.72% compared to 2021. LH's yearly revenue for 2021 was $16.12B, representing an increase of 15.33% compared to 2020.

What is Labcorp’s quarterly revenue?

Labcorp's quarterly revenue for Q1 2025 was $3.35B, a 0.47% increase from the previous quarter (Q4 2024), and a 5.30% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $3.33B, a 1.44% increase from the previous quarter (Q3 2024), and a 9.76% increase year-over-year (Q4 2023). LH's quarterly revenue for Q3 2024 was $3.28B, a 1.90% increase from the previous quarter (Q2 2024), and a 7.37% increase year-over-year (Q3 2023).

What is Labcorp’s revenue growth rate?

Labcorp's revenue growth rate for the last 3 years (2021-2023) was -24.56%, and for the last 5 years (2019-2023) was 5.25%.

What are Labcorp’s revenue streams?

Labcorp's revenue streams in c 24 are LabCorp Diagnostics

What is Labcorp’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Labcorp was LabCorp Diagnostics. This segment made a revenue of $10.14B, representing 100.00% of the company's total revenue.