Becton, Dickinson and Company (BDX) Income Statement
BDX FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsBDX revenue and net income
Where BDX's revenue goes
FY2025Each bar shows an amount and its share of revenue. BDX kept 7.7% of revenue as net income.
BDX profit margins
BDX growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.2% | +5.0% | +6.3% | +7.8% |
| Gross profit | +8.8% | +5.4% | +7.9% | +7.8% |
| Operating income | +7.6% | +4.1% | +23.1% | +9.2% |
| Net income | −1.6% | −1.9% | +13.9% | +9.2% |
| EPS (diluted) | +9.6% | +5.6% | +7.2% | +7.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BDX quarterly EPS vs estimates
Becton Dickinson beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $4.06).
BDX income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.84B | $20.18B | $19.37B | $18.87B | $19.13B | $16.07B | $17.29B | $15.98B | $12.09B | $12.48B |
| Cost of revenue | $11.91B | $11.05B | $11.20B | $10.39B | $10.50B | $9.28B | $9.00B | $8.71B | $6.13B | $6.49B |
| Gross profit | $9.92B | $9.12B | $8.17B | $8.48B | $8.63B | $6.80B | $8.29B | $7.27B | $5.96B | $5.99B |
| Research & development | $1.26B | $1.19B | $1.24B | $1.26B | $1.28B | $1.04B | $1.06B | $1.00B | $770.0M | $828.0M |
| Sales, general & admin | $5.28B | $4.86B | $4.72B | $4.71B | $4.87B | $4.33B | $4.33B | $4.03B | $2.95B | $3.00B |
| Total operating expenses | $7.35B | $6.73B | $6.06B | $6.20B | $6.38B | $5.89B | $6.53B | $5.76B | $4.44B | $4.56B |
| Operating income | $2.58B | $2.40B | $2.11B | $2.28B | $2.25B | $912.0M | $1.76B | $1.51B | $1.52B | $1.43B |
| Interest income | $38.0M | $163.0M | $49.0M | $16.0M | $460.0M | $501.0M | $626.0M | $65.0M | $76.0M | $21.0M |
| Interest expense | $613.0M | $528.0M | $452.0M | $398.0M | $469.0M | $528.0M | $639.0M | $706.0M | $521.0M | $388.0M |
| Income before taxes | $1.88B | $2.00B | $1.66B | $1.78B | $1.69B | $414.0M | $1.18B | $1.17B | $976.0M | $1.07B |
| Income taxes | $204.0M | $300.0M | $132.0M | $148.0M | $88.0M | $62.0M | −$57.0M | $862.0M | −$124.0M | $98.0M |
| Net income | $1.68B | $1.71B | $1.48B | $1.78B | $2.09B | $874.0M | $1.23B | $311.0M | $1.10B | $976.0M |
| EBITDA | $4.96B | $4.82B | $4.40B | $4.41B | $4.39B | $3.06B | $4.07B | $3.86B | $2.58B | $2.58B |
| EPS (diluted) | $14.42 | $13.16 | $12.22 | $12.23 | $13.07 | $10.19 | $11.68 | $10.97 | $9.49 | $8.61 |
| Gross margin | 45.4% | 45.2% | 42.2% | 44.9% | 45.1% | 42.3% | 47.9% | 45.5% | 49.3% | 48.0% |
| Operating margin | 11.8% | 11.9% | 10.9% | 12.1% | 11.8% | 5.7% | 10.2% | 9.4% | 12.6% | 11.5% |
| Net margin | 7.7% | 8.4% | 7.7% | 9.4% | 10.9% | 5.4% | 7.1% | 1.9% | 9.1% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.98B | $4.71B | $5.25B | $5.89B | $5.51B | $5.27B | $5.17B | $5.44B | $4.99B | $5.04B | $4.71B | $5.09B |
| Cost of revenue | $2.67B | $2.56B | $2.91B | $3.09B | $2.88B | $3.02B | $2.93B | $2.95B | $2.68B | $2.74B | $2.68B | $3.39B |
| Gross profit | $2.31B | $2.15B | $2.34B | $2.80B | $2.63B | $2.26B | $2.23B | $2.49B | $2.31B | $2.30B | $2.03B | $1.70B |
| Research & development | $258.0M | $249.0M | $318.0M | $322.0M | $297.0M | $302.0M | $343.0M | $302.0M | $299.0M | $299.0M | $290.0M | $281.0M |
| Sales, general & admin | $1.26B | $1.21B | $1.43B | $1.37B | $1.32B | $1.27B | $1.32B | $1.26B | $1.20B | $1.19B | $1.21B | $1.14B |
| Total operating expenses | $1.65B | $2.06B | $1.75B | $2.10B | $1.75B | $1.71B | $1.78B | $1.86B | $1.71B | $1.57B | $1.59B | $1.35B |
| Operating income | $663.0M | $94.0M | $594.0M | $697.0M | $882.0M | $546.0M | $453.0M | $622.0M | $602.0M | $734.0M | $439.0M | $349.0M |
| Interest income | $4.0M | $9.0M | $4.0M | $150.0M | $5.0M | $5.0M | $23.0M | $55.0M | $48.0M | $26.0M | $34.0M | $9.0M |
| Interest expense | $132.0M | $149.0M | $107.0M | $155.0M | $152.0M | $151.0M | $155.0M | $155.0M | $137.0M | $125.0M | $111.0M | $113.0M |
| Income before taxes | $554.0M | $39.0M | $487.0M | $510.0M | $703.0M | $363.0M | $306.0M | $514.0M | $500.0M | $633.0M | $359.0M | $181.0M |
| Income taxes | $103.0M | $76.0M | $105.0M | $17.0M | $129.0M | $55.0M | $3.0M | $114.0M | $13.0M | $96.0M | $77.0M | $27.0M |
| Net income | $377.0M | −$311.0M | $382.0M | $493.0M | $574.0M | $308.0M | $303.0M | $400.0M | $487.0M | $537.0M | $281.0M | $108.0M |
| EBITDA | $1.25B | $709.0M | $1.21B | $1.29B | $1.43B | $1.04B | $1.07B | $1.25B | $1.21B | $1.33B | $1.03B | $881.0M |
| EPS (diluted) | $3.23 | $2.90 | $2.91 | $3.96 | $3.68 | $3.35 | $3.43 | $3.81 | $3.50 | $3.17 | $2.68 | $3.42 |
| Gross margin | 46.5% | 45.7% | 44.6% | 47.5% | 47.8% | 42.8% | 43.2% | 45.7% | 46.2% | 45.7% | 43.1% | 33.4% |
| Operating margin | 13.3% | 2.0% | 11.3% | 11.8% | 16.0% | 10.4% | 8.8% | 11.4% | 12.1% | 14.5% | 9.3% | 6.9% |
| Net margin | 7.6% | −6.6% | 7.3% | 8.4% | 10.4% | 5.8% | 5.9% | 7.4% | 9.8% | 10.6% | 6.0% | 2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BDX's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BDX financial results
In fiscal year 2025 (ended September 30, 2025), Becton Dickinson reported revenue of $21.8 billion, up 8.2% from the year before. It had net income of $1.7 billion (down 1.6%), a net profit margin of 7.7%. Diluted earnings per share came to $14.42. Over five years revenue grew at an average rate of 6.3% a year.
See the BDX stock overview for the latest quote and news, or the BDX chart for price history and technical indicators.
BDX income statement FAQ
What is Becton Dickinson's annual revenue?
Becton Dickinson reported total revenue of $21.8 billion for fiscal year 2025, which ended on September 30, 2025. That was up 8.2% from $20.2 billion the previous year.
Is Becton Dickinson profitable?
Yes. Becton Dickinson reported net income of $1.7 billion in fiscal 2025, a net profit margin of 7.7%; its operating margin was 11.8%.
What is Becton Dickinson's gross margin?
Becton Dickinson's gross margin was 45.4% in fiscal 2025: for every $100 of revenue, Becton Dickinson kept $45 after the direct cost of its products and services.
How much does Becton Dickinson spend on research and development?
Becton Dickinson spent $1.3 billion on research and development in fiscal 2025, 5.8% of revenue.
How fast is Becton Dickinson growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $16.1 billion to $21.8 billion.
What are Becton Dickinson's earnings per share?
Becton Dickinson earned $14.42 per diluted share in fiscal 2025, compared with $13.16 a year earlier.
When will Becton Dickinson report its next earnings?
Becton Dickinson is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Becton Dickinson's fiscal year end?
Becton Dickinson's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.