Boston Scientific Corporation (BSX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.2B | 5.29B | 5.07B | 5.06B | 4.66B | 4.56B | 4.21B | 4.12B | 3.86B | 3.73B | 3.53B | 3.6B | 3.39B | 3.24B | 3.17B | 3.24B | 3.03B | 3.13B | 2.93B | 3.08B |
| Revenue Growth % | 11.58% | 15.9% | 20.34% | 22.84% | 20.93% | 22.44% | 19.34% | 14.48% | 13.78% | 14.9% | 11.26% | 10.94% | 12% | 3.68% | 8.12% | 5.43% | 9.96% | 15.47% | 10.27% | 53.62% |
| Cost of Goods Sold | 1.59B | 1.35B | 1.52B | 1.64B | 1.71B | 1.89B | 1.56B | 1.53B | 1.47B | 1.41B | 1.36B | 1.32B | 1.31B | 1.29B | 1.24B | 1.26B | 1.18B | 1.19B | 1.1B | 1.14B |
| COGS % of Revenue | 30.56% | 25.5% | 30.07% | 32.35% | 36.74% | 41.44% | 37.09% | 37.26% | 38.17% | 37.93% | 38.56% | 36.76% | 38.71% | 39.7% | 39.18% | 38.72% | 39.09% | 37.93% | 37.52% | 36.89% |
| Gross Profit | 3.61B | 3.94B | 3.54B | 3.42B | 2.95B | 2.67B | 2.65B | 2.58B | 2.38B | 2.31B | 2.17B | 2.28B | 2.08B | 1.96B | 1.93B | 1.99B | 1.84B | 1.94B | 1.83B | 1.94B |
| Gross Margin % | 69.44% | 74.48% | 69.93% | 67.65% | 63.26% | 58.56% | 62.91% | 62.74% | 61.83% | 62.07% | 61.44% | 63.24% | 61.29% | 60.3% | 60.82% | 61.28% | 60.91% | 62.07% | 62.48% | 63.11% |
| Gross Profit Growth % | 22.47% | 47.4% | 33.76% | 32.46% | 23.74% | 15.53% | 22.2% | 13.58% | 14.78% | 18.26% | 12.4% | 14.49% | 12.7% | 0.72% | 5.24% | 2.37% | 10.56% | 29.31% | 16.47% | 96.76% |
| Operating Expenses | 2.54B | 2.73B | 2.49B | 2.6B | 2.05B | 2.08B | 1.97B | 1.84B | 1.74B | 1.75B | 1.61B | 1.73B | 1.56B | 1.51B | 1.47B | 1.51B | 1.39B | 1.48B | 1.39B | 1.43B |
| OpEx % of Revenue | 48.84% | 51.66% | 49.2% | 51.47% | 44.05% | 45.65% | 46.9% | 44.61% | 45.12% | 47.09% | 45.62% | 47.93% | 46.09% | 46.45% | 46.31% | 46.58% | 45.8% | 47.46% | 47.41% | 46.51% |
| Selling, General & Admin | 1.78B | 1.83B | 1.74B | 1.72B | 1.6B | 1.61B | 1.56B | 1.45B | 1.36B | 1.38B | 1.24B | 1.35B | 1.22B | 1.16B | 1.12B | 1.17B | 1.06B | 1.15B | 1.07B | 1.12B |
| SG&A % of Revenue | 34.23% | 34.7% | 34.37% | 33.91% | 34.25% | 35.34% | 37.11% | 35.1% | 35.37% | 37.02% | 35.21% | 37.62% | 35.85% | 35.87% | 35.27% | 35.91% | 35.03% | 36.87% | 36.36% | 36.43% |
| Research & Development | 516M | 569M | 514M | 526M | 443M | 460M | 407M | 383M | 366M | 363M | 356M | 359M | 337M | 330M | 339M | 335M | 319M | 320M | 310M | 298M |
| R&D % of Revenue | 9.92% | 10.76% | 10.15% | 10.39% | 9.5% | 10.09% | 9.67% | 9.3% | 9.49% | 9.74% | 10.09% | 9.98% | 9.94% | 10.18% | 10.69% | 10.33% | 10.54% | 10.23% | 10.57% | 9.68% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.07B | 1.21B | 1.05B | 819M | 896M | 589M | 674M | 747M | 644M | 558M | 558M | 551M | 515M | 449M | 460M | 477M | 457M | 457M | 442M | 511M |
| Operating Margin % | 20.6% | 22.81% | 20.73% | 16.18% | 19.22% | 12.91% | 16.01% | 18.13% | 16.7% | 14.98% | 15.82% | 15.31% | 15.2% | 13.85% | 14.51% | 14.7% | 15.1% | 14.61% | 15.07% | 16.61% |
| Operating Income Growth % | 19.64% | 104.75% | 55.79% | 9.64% | 39.13% | 5.56% | 20.79% | 35.57% | 25.05% | 24.28% | 21.3% | 15.51% | 12.69% | -1.75% | 4.07% | -6.65% | 26.94% | 162.64% | 68.7% | 937.7% |
| EBITDA | 1.42B | 1.57B | 1.39B | 1.16B | 1.22B | 937M | 981M | 1.06B | 948M | 871M | 859M | 849M | 800M | 743M | 744M | 761M | 731M | 747M | 714M | 774M |
| EBITDA Margin % | 27.35% | 29.72% | 27.48% | 22.82% | 26.18% | 20.54% | 23.31% | 25.68% | 24.59% | 23.38% | 24.36% | 23.59% | 23.61% | 22.92% | 23.47% | 23.46% | 24.16% | 23.89% | 24.35% | 25.15% |
| EBITDA Growth % | 16.54% | 67.66% | 41.9% | 9.17% | 28.8% | 7.58% | 14.2% | 24.62% | 18.5% | 17.23% | 15.46% | 11.56% | 9.44% | -0.54% | 4.2% | -1.68% | 16.4% | 61.34% | 31.49% | 261.68% |
| D&A (Non-Cash Add-back) | 351M | 365M | 342M | 336M | 325M | 348M | 307M | 311M | 304M | 313M | 301M | 298M | 285M | 294M | 284M | 284M | 274M | 290M | 272M | 263M |
| EBIT | 1.25B | 956M | 1.03B | 1.03B | 892M | 723M | 751M | 501M | 680M | 572M | 675M | 497M | 511M | 463M | 309M | 408M | 451M | 208M | 569M | 237M |
| Net Interest Income | -90M | -90M | -87M | -90M | -87M | -117M | -83M | -81M | -72M | -45M | -67M | -71M | -67M | -60M | -64M | -63M | -291M | -87M | -85M | -87M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 22M | 0 | 0 | 0 | 22M | 0 | 0 | 0 | 4M | 1M | 1M | 4M | 1M | 1M | 1M |
| Interest Expense | 90M | 90M | 87M | 90M | 87M | 139M | 83M | 81M | 72M | 67M | 67M | 71M | 67M | 64M | 65M | 64M | 295M | 88M | 86M | 88M |
| Other Income/Expense | 90M | -506M | -111M | 122M | -91M | -4M | -6M | -327M | -36M | -53M | 51M | -125M | -70M | -53M | -215M | -132M | -301M | -337M | 41M | -362M |
| Pretax Income | 1.16B | 700M | 939M | 941M | 805M | 585M | 668M | 420M | 608M | 505M | 609M | 426M | 445M | 396M | 245M | 345M | 156M | 120M | 483M | 149M |
| Pretax Margin % | 22.33% | 13.24% | 18.54% | 18.59% | 17.26% | 12.83% | 15.87% | 10.19% | 15.77% | 13.56% | 17.27% | 11.84% | 13.13% | 12.21% | 7.73% | 10.63% | 5.16% | 3.84% | 16.47% | 4.84% |
| Income Tax | -176M | 31M | 183M | 146M | 133M | 23M | 200M | 98M | 115M | 1M | 105M | 156M | 131M | 256M | 57M | 85M | 45M | 26M | 64M | -37M |
| Effective Tax Rate % | -15.15% | 4.43% | 19.49% | 15.52% | 16.52% | 3.93% | 29.94% | 23.33% | 18.91% | 0.2% | 17.24% | 36.62% | 29.44% | 64.65% | 23.27% | 24.64% | 28.85% | 21.67% | 13.25% | -24.83% |
| Net Income | 1.34B | 668M | 755M | 793M | 674M | 566M | 469M | 324M | 494M | 504M | 504M | 270M | 314M | 140M | 188M | 260M | 111M | 94M | 419M | 186M |
| Net Margin % | 25.7% | 12.64% | 14.91% | 15.67% | 14.45% | 12.41% | 11.14% | 7.86% | 12.81% | 13.53% | 14.29% | 7.5% | 9.27% | 4.32% | 5.93% | 8.01% | 3.67% | 3.01% | 14.29% | 6.04% |
| Net Income Growth % | 98.37% | 18.02% | 60.98% | 144.75% | 36.44% | 12.3% | -6.94% | 20% | 57.32% | 260% | 168.09% | 3.85% | 182.88% | 48.94% | -55.13% | 39.78% | -67.45% | -38.16% | 370.32% | 226.53% |
| Net Income (Continuing) | 1.34B | 669M | 756M | 795M | 672M | 562M | 468M | 322M | 493M | 504M | 504M | 270M | 314M | 140M | 188M | 260M | 111M | 94M | 419M | 186M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 240M | 239M | 236M | 235M | 233M | 233M | 248M | 238M | 242M | 248M | 243M | 259M | 259M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.90 | 0.45 | 0.50 | 0.53 | 0.45 | 0.38 | 0.32 | 0.22 | 0.33 | 0.34 | 0.34 | 0.18 | 0.21 | 0.09 | 0.12 | 0.17 | 0.07 | 0.06 | 0.28 | 0.12 |
| EPS Growth % | 99.38% | 18.48% | 58.58% | 142.79% | 35.11% | 11.28% | -7.91% | 21.82% | 61.01% | 290.5% | 183.44% | 4.73% | 207.86% | 56.91% | -57.18% | 42.46% | -70.5% | -41.86% | 338.87% | 210.79% |
| EPS (Basic) | 0.90 | 0.45 | 0.51 | 0.54 | 0.46 | 0.38 | 0.32 | 0.22 | 0.34 | 0.34 | 0.34 | 0.18 | 0.21 | 0.09 | 0.12 | 0.17 | 0.07 | 0.06 | 0.28 | 0.12 |
| Diluted Shares Outstanding | 1.5B | 1.5B | 1.5B | 1.49B | 1.49B | 1.49B | 1.49B | 1.48B | 1.48B | 1.48B | 1.48B | 1.46B | 1.45B | 1.44B | 1.44B | 1.44B | 1.44B | 1.44B | 1.44B | 1.43B |
| Basic Shares Outstanding | 1.48B | 1.48B | 1.48B | 1.48B | 1.48B | 1.47B | 1.47B | 1.47B | 1.47B | 1.47B | 1.46B | 1.45B | 1.44B | 1.43B | 1.43B | 1.43B | 1.43B | 1.43B | 1.42B | 1.42B |
| Dividend Payout Ratio | - | - | - | - | - | - | 4.9% | - | - | - | - | - | - | - | - | - | - | - | - | - |