Financial research concept

Veterinary Diagnostics CAG Recurring Revenue Growth

measures reported or organic growth in recurring companion-animal diagnostic revenue under the issuer's defined methodology.

By Lee BaileyPublished Sep 30, 2026
Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date
Sep 30, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context
10 connected conceptsPart of the reviewed Veterinary Diagnostics Economics; issuer definitions remain distinct where disclosed.
Company examples
1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Veterinary diagnostics CAG recurring revenue growth measures growth in recurring companion-animal diagnostic revenue under the issuer's reported or organic methodology.

IDEXX reported 11.0% CAG Diagnostics recurring revenue growth in the second quarter of 2026 and 10.3% organic growth after excluding currency effects.

Organic growth narrows the operating comparison

Reported growth can include foreign-exchange and acquisition effects. Organic growth is intended to isolate the operating change under IDEXX's own definition.

The measure should remain issuer-specific rather than being treated as a standardized industry growth rate.

Growth reflects both volume and price

IDEXX attributed the increase primarily to higher VetLab consumables and reference laboratory volumes, plus higher realized prices.

Pair the metric with VetLab consumables revenue and reference laboratory revenue to see where the recurring growth is coming from.

Primary source: IDEXX Q2 2026 Form 10-Q.

Part of the Veterinary Diagnostics Economics

Connects veterinary clinic traffic, diagnostics monetization, recurring diagnostic revenue, laboratory and consumables channels, installed instruments, customer retention, and software workflow adoption.

Browse the full operating model in Company Analysis →
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Compare recurring diagnostics growth

Compare reported and organic recurring diagnostic growth while keeping currency, acquisitions, volume, and realized price separate.

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