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10x Genomics profit margin TXG

Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.

Net margin, 12 months
−12.2%
Operating margin, 12 months
−14.3%
Net margin on a year earlier
+0.9 pts
Peer median
10.1%

Over the twelve months to Jun 30, 2026, 10x Genomics kept −12.2% of its revenue as net profit, with an operating margin of −14.3% and a gross margin of 70.0%.

The median for 10 diagnostics and research stocks of a similar size is 10.1%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−6.8%−9.5%69.1%
FY2024−29.9%−31.9%67.9%
FY2023−41.2%−42.9%66.2%
FY2022−32.1%−32.5%76.7%
FY2021−11.9%−10.7%84.9%
FY2020n/an/a80.4%
FY2019−12.7%−12.4%75.2%
FY2018−76.9%n/a80.4%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−12.2%+0.9 pts−14.3%
Q1 FY26−3.5%+21.6 pts−6.1%
Q4 FY25−6.8%+23.1 pts−9.5%
Q3 FY25−11.9%+17.1 pts−14.2%
Q2 FY25−13.1%+24.8 pts−15.6%
Q1 FY25−25.1%+17.1 pts−27.6%
Q4 FY24−29.9%+11.3 pts−31.9%
Q3 FY24−29.0%+8.8 pts−31.7%
Q2 FY24−38.0%−7.6 pts−40.1%
Q1 FY24−42.3%−9.7 pts−43.9%
Q4 FY23−41.2%−9.1 pts−42.9%
Q3 FY23−37.8%−4.6 pts−39.5%

Against its peers

Companies in Medical - Diagnostics & Research nearest 10x Genomics' size, closest first, today.

CompanyProfit margin
TXG10x Genomics−12.2%
CAICaris Life Sciences10.6%
BIOBio-Rad Laboratories8.6%
LNTHLantheus17.7%
BLLNBillionToOne9.5%
RVTYRevvity8.2%
MEDPMedpace17.7%
VCYTVeracyte20.4%
CDNACareDx24.2%
LHLabcorp7.0%
DGXQuest Diagnostics9.2%
Peer median10.1%

Where 10x Genomics ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on 10x Genomics

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.