• Labcorp average pre-tax profit margin for 2023 was 6.17%, a 61.91% decline from 2022.
• Labcorp average pre-tax profit margin for 2022 was 16.2%, a 28.57% decline from 2021.
• Labcorp average pre-tax profit margin for 2021 was 22.68%, a 149.23% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.