Financials · BSX

Boston Scientific Corporation (BSX) financials

For the twelve months ended Sep 30, 2026, Boston Scientific Corporation reported $21.07B of revenue and $3.50B of net income.

Revenue, TTM
$21.07B
Revenue growth, YoY
+8.9%
Net income, TTM
$3.50B
Net income growth, YoY
+25.5%
Net margin
16.6%
Free cash flow, TTM
$3.33B
EPS, diluted, TTM
$2.36
EPS growth, YoY
+26.2%
Cash
$609.00M
Total debt
$11.95B
P/E
17.69
P/S
2.94
Market cap
$61.96B
Annual revenue$20.07B
FY2016FY2025
Annual net income$2.90B
FY2016FY2025
Annual free cash flow$3.66B
FY2016FY2025

BSX revenue and earnings growth

BSX revenueQ3 2026$5.14B

Quarter YoY
+1.4%
QoQ
-5.6%
FY YoY
+19.9%
5Y CAGR
+15.2%
10Y CAGR
+10.4%

BSX revenue was $5.14B in fiscal Q3 2026 (ended Sep 30, 2026), up 1.4% from a year earlier and down 5.6% from the prior quarter. For the full fiscal 2025 it was $20.07B, up 19.9% from fiscal 2024. Compound annual growth was +15.2% over 5 years and +10.4% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

BSX net incomeQ3 2026$582.00M

Quarter YoY
-22.9%
QoQ
-35.8%
FY YoY
+56.4%

BSX net income was $582.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 22.9% from a year earlier and down 35.8% from the prior quarter. For the full fiscal 2025 it was $2.90B, up 56.4% from fiscal 2024. It rose in 3 of the last 4 fiscal years.

BSX EPSQ3 2026$0.40

Quarter YoY
-21.6%
QoQ
-34.4%
FY YoY
+55.2%

BSX diluted EPS was $0.40 in fiscal Q3 2026 (ended Sep 30, 2026), down 21.6% from a year earlier and down 34.4% from the prior quarter. For the full fiscal 2025 it was $1.94, up 55.2% from fiscal 2024.

BSX free cash flowQ3 2026$868.00M

Quarter YoY
-25.3%
QoQ
-32.1%
FY YoY
+38.3%
5Y CAGR
+26.4%
10Y CAGR
+23.5%

BSX free cash flow was $868.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 25.3% from a year earlier and down 32.1% from the prior quarter. For the full fiscal 2025 it was $3.66B, up 38.3% from fiscal 2024. Compound annual growth was +26.4% over 5 years and +23.5% over 10 years. It rose in 4 of the last 6 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$20.07B$16.75B$14.24B$12.68B$11.89B$9.91B$10.73B$9.82B$9.05B$8.39B
Cost of revenue$6.22B$5.26B$4.34B$3.96B$3.71B$3.46B$3.12B$2.81B$2.59B$2.42B
Gross profit$13.85B$11.49B$9.90B$8.73B$8.18B$6.45B$7.62B$7.01B$6.46B$5.96B
Research and development$2.05B$1.61B$1.41B$1.32B$1.20B$1.14B$1.17B$1.11B$997.00M$920.00M
Selling, general and admin$6.89B$5.98B$5.19B$4.52B$4.36B$3.79B$3.94B$3.57B$3.29B$3.10B
Operating income$3.61B$2.60B$2.34B$1.65B$1.20B-$80.00M$1.52B$1.51B$1.28B$447.00M
Interest expense$349.00M$305.00M$265.00M$470.00M$341.00M$361.00M$473.00M$241.00M$229.00M$233.00M
Pre-tax income$3.38B$2.28B$1.99B$1.14B$1.08B-$79.00M$687.00M$1.42B$933.00M$177.00M
Income tax$493.00M$436.00M$393.00M$443.00M$36.00M$2.00M-$4.01B-$249.00M$828.00M-$170.00M
Net income$2.90B$1.85B$1.57B$642.00M$985.00M-$115.00M$4.70B$1.67B$104.00M$347.00M
EPS, basic$1.96$1.26$1.08$0.45$0.69-$0.08$3.38$1.21$0.08$0.26
EPS, diluted$1.94$1.25$1.07$0.45$0.69-$0.08$3.33$1.19$0.08$0.25
Diluted shares1.49B1.49B1.46B1.44B1.43B1.42B1.41B1.40B1.39B1.38B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.97B$606.00M$865.00M$1.13B$2.17B$2.00B$607.00M$829.00M$1.02B$487.00M
Inventory$2.94B$2.81B$2.48B$1.87B$1.61B$1.35B$1.58B$1.17B$1.08B$955.00M
Current assets$8.79B$6.92B$6.51B$5.76B$6.32B$6.69B$4.70B$4.00B$3.82B$3.24B
Goodwill$18.28B$17.09B$14.39B$12.92B$11.99B$9.95B$10.18B$7.91B$7.00B$6.68B
Total assets$43.67B$39.40B$35.14B$32.47B$32.23B$30.78B$30.57B$21.00B$19.04B$18.10B
Current liabilities$5.44B$6.40B$4.93B$3.80B$4.27B$3.68B$4.87B$5.26B$5.65B$3.59B
Short-term debt$299.00M$1.78B$531.00M$20.00M$261.00M$13.00M$1.42B$2.25B$1.80B$64.00M
Long-term debt$11.14B$8.97B$8.57B$8.91B$8.80B$9.13B$8.59B$4.80B$3.81B$5.42B
Total debt$11.44B$10.75B$9.10B$8.94B$9.06B$9.14B$10.01B$7.06B$5.62B$5.48B
Total liabilities$19.20B$17.39B$15.61B$14.90B$15.61B$15.45B$16.69B$12.27B$12.03B$11.36B
Shareholders' equity$24.23B$21.77B$19.53B$17.57B$16.62B$15.33B$13.88B$8.73B$7.01B$6.73B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$4.53B$3.44B$2.50B$1.53B$1.87B$1.51B$1.84B$310.00M$1.43B$1.18B
Capital expenditures$876.00M$790.00M$711.00M$588.00M$554.00M$376.00M$461.00M$316.00M$319.00M$376.00M
Free cash flow$3.66B$2.65B$1.79B$938.00M$1.32B$1.13B$1.38B-$6.00M$1.11B$806.00M
Investing cash flow-$2.64B-$5.69B-$2.57B-$2.01B-$1.60B-$411.00M-$5.04B-$1.92B-$1.01B-$887.00M
Financing cash flow-$395.00M$1.81B$5.00M-$548.00M-$95.00M$293.00M$2.97B$1.43B$110.00M-$206.00M
Dividends paid-$0$28.00M$55.00M$55.00M$28.00M$0$0--
Share repurchases---$0$0$535.00M$0$0-$0
Stock-based compensation$299.00M$266.00M$233.00M$220.00M$194.00M$170.00M$157.00M$140.00M$127.00M$116.00M
Depreciation and amortization$1.37B$1.27B$1.20B$1.14B$1.09B$1.12B$1.01B$894.00M$844.00M$815.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY19.9%17.6%12.3%6.7%19.9%-7.7%9.3%8.6%7.9%12.2%
Net income growth, YoY56.4%18.0%144.5%-34.8%--181.3%1506.7%-70.0%-
EPS growth, YoY55.2%16.8%137.8%-34.8%--179.8%1387.5%-68.0%-
Gross margin69.0%68.6%69.5%68.8%68.8%65.0%71.0%71.4%71.3%71.1%
Operating margin18.0%15.5%16.5%13.0%10.1%-0.8%14.1%15.3%14.2%5.3%
Net margin14.4%11.1%11.0%5.1%8.3%-1.2%43.8%17.0%1.1%4.1%
Free cash flow margin18.2%15.8%12.6%7.4%11.1%11.4%12.8%-0.1%12.2%9.6%
Return on equity12.0%8.5%8.0%3.7%5.9%-0.8%33.9%19.1%1.5%5.2%
Return on assets6.6%4.7%4.5%2.0%3.1%-0.4%15.4%8.0%0.5%1.9%
Current ratio1.621.081.321.511.481.820.970.760.680.90
Debt to equity0.470.490.470.510.550.600.720.810.800.81

Source: XBRL data Boston Scientific Corporation files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BSX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BSX$21.07B+8.9%$3.50B16.6%$61.96B
JNJ$99.33B+7.8%$16.09B16.2%$664.95B
ABT$48.23B+10.0%$4.70B9.7%$190.39B
MDT$37.54B+9.8%$5.24B14.0%$130.22B
SYK$26.30B+7.9%$3.62B13.8%$124.05B
BDX$23.25B+17.4%$941.00M4.0%$57.71B
BAX$11.61B+5.3%-$723.00M-6.2%$13.34B

BSX FAQ

9 questions
  • What is BSX revenue?
    Boston Scientific Corporation (BSX) reported $21.07B of revenue for the twelve months ended Sep 30, 2026. That is up 8.9% from the year before. Revenue for fiscal 2025 was $20.07B.
  • Is BSX profitable?
    Yes. Boston Scientific Corporation earned $3.50B in net income for the twelve months ended Sep 30, 2026, a net margin of 16.6%.
  • How much cash and debt does BSX have?
    Boston Scientific Corporation reported $609.00M in cash and cash equivalents and $11.95B of debt on its most recent balance sheet in SEC filings.
  • How fast is BSX revenue growing?
    Boston Scientific Corporation's revenue changed +19.9% in fiscal 2025, to $20.07B. Its compound annual growth rate was +15.2% over 5 years and +10.4% over 10 years.
  • What is BSX gross margin?
    Boston Scientific Corporation's gross profit was $14.57B on $21.07B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 69.1%.
  • What is BSX free cash flow?
    Boston Scientific Corporation generated $3.33B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.23B less capital expenditures.
  • What is BSX earnings per share?
    Diluted earnings per share were $2.36 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BSX last report financial results?
    The latest statements here come from Boston Scientific Corporation's 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this BSX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Boston Scientific Corporation files with the SEC. It is provided for information only and is not investment advice.