Bausch + Lomb Corporation (BLCO) Income Statement
BLCO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBLCO revenue and net income
Where BLCO's revenue goes
2025Each bar shows an amount and its share of revenue. BLCO kept −7.1% of revenue as net income.
BLCO profit margins
BLCO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.5% | +10.6% | +8.4% | — |
| Gross profit | −4.3% | +7.5% | +5.6% | — |
| Operating income | +16.0% | −3.2% | −6.3% | — |
| Net income | — | — | — | — |
| EPS (diluted) | −19.4% | −20.1% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BLCO quarterly EPS vs estimates
Bausch + Lomb beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.21).
BLCO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.10B | $4.79B | $4.15B | $3.77B | $3.77B | $3.41B | $3.78B | $3.67B |
| Cost of revenue | $2.31B | $1.87B | $1.64B | $1.52B | $1.47B | $1.28B | $1.33B | $1.31B |
| Gross profit | $2.79B | $2.92B | $2.50B | $2.25B | $2.30B | $2.13B | $2.45B | $2.35B |
| Research & development | $371.0M | $343.0M | $324.0M | $307.0M | $271.0M | $281.0M | $258.0M | $221.0M |
| Sales, general & admin | $2.23B | $2.08B | $1.74B | $1.48B | $1.39B | $1.25B | $1.38B | $1.33B |
| Total operating expenses | $2.60B | $2.76B | $2.37B | $2.04B | $1.97B | $1.87B | $2.06B | $1.94B |
| Operating income | $188.0M | $162.0M | $130.0M | $207.0M | $329.0M | $260.0M | $396.0M | $416.0M |
| Interest income | $12.0M | $15.0M | $15.0M | $6.0M | $1.0M | $3.0M | $1.0M | $0 |
| Interest expense | $431.0M | $399.0M | $283.0M | $146.0M | $63.0M | $19.0M | $138.0M | $8.0M |
| Income before taxes | −$317.0M | −$234.0M | −$166.0M | $73.0M | $318.0M | $290.0M | $399.0M | $417.0M |
| Income taxes | $35.0M | $71.0M | $82.0M | $58.0M | $125.0M | $307.0M | $96.0M | −$302.0M |
| Net income | −$360.0M | −$317.0M | −$260.0M | $6.0M | $182.0M | −$18.0M | $298.0M | $710.0M |
| EBITDA | $535.0M | $601.0M | $499.0M | $598.0M | $733.0M | $732.0M | $936.0M | $922.0M |
| EPS (diluted) | $0.50 | $0.62 | $0.74 | $0.98 | $0.55 | −$0.05 | — | — |
| Gross margin | 54.8% | 60.9% | 60.4% | 59.7% | 61.0% | 62.3% | 64.9% | 64.2% |
| Operating margin | 3.7% | 3.4% | 3.1% | 5.5% | 8.7% | 7.6% | 10.5% | 11.4% |
| Net margin | −7.1% | −6.6% | −6.3% | 0.2% | 4.8% | −0.5% | 7.9% | 19.4% |
| 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 | $1.39B | $1.24B | $1.41B | $1.28B | $1.28B | $1.14B | $1.28B | $1.20B | $1.22B | $1.10B | $1.17B | $1.01B |
| Cost of revenue | $568.0M | $540.0M | $589.0M | $578.0M | $592.0M | $549.0M | $501.0M | $464.0M | $483.0M | $424.0M | $461.0M | $392.0M |
| Gross profit | $821.0M | $704.0M | $816.0M | $703.0M | $686.0M | $588.0M | $779.0M | $732.0M | $733.0M | $675.0M | $712.0M | $615.0M |
| Research & development | $114.0M | $101.0M | $94.0M | $95.0M | $96.0M | $86.0M | $93.0M | $84.0M | $84.0M | $82.0M | $80.0M | $82.0M |
| Sales, general & admin | $588.0M | $544.0M | $564.0M | $528.0M | $579.0M | $563.0M | $532.0M | $511.0M | $535.0M | $504.0M | $483.0M | $418.0M |
| Total operating expenses | $738.0M | $645.0M | $658.0M | $623.0M | $675.0M | $649.0M | $692.0M | $689.0M | $707.0M | $669.0M | $663.0M | $575.0M |
| Operating income | $83.0M | $59.0M | $158.0M | $80.0M | $11.0M | −$61.0M | $87.0M | $43.0M | $26.0M | $6.0M | $49.0M | $40.0M |
| Interest income | $4.0M | $4.0M | $3.0M | $3.0M | $3.0M | $3.0M | $5.0M | $4.0M | $3.0M | $3.0M | $3.0M | $4.0M |
| Interest expense | $93.0M | $100.0M | $100.0M | $103.0M | $131.0M | $97.0M | $98.0M | $100.0M | $102.0M | $99.0M | $99.0M | $76.0M |
| Income before taxes | −$11.0M | −$64.0M | $13.0M | −$3.0M | −$147.0M | −$180.0M | −$10.0M | −$58.0M | −$76.0M | −$90.0M | −$57.0M | −$35.0M |
| Income taxes | −$1.0M | $6.0M | $71.0M | $22.0M | −$89.0M | $31.0M | −$8.0M | −$66.0M | $72.0M | $73.0M | −$6.0M | $45.0M |
| Net income | −$14.0M | −$71.0M | −$58.0M | −$28.0M | −$62.0M | −$212.0M | −$3.0M | $4.0M | −$151.0M | −$167.0M | −$54.0M | −$84.0M |
| EBITDA | $184.0M | $137.0M | $212.0M | $209.0M | $91.0M | $23.0M | $194.0M | $152.0M | $150.0M | $119.0M | $158.0M | $123.0M |
| EPS (diluted) | $0.16 | $0.08 | $0.32 | $0.18 | $0.07 | −$0.07 | $0.25 | $0.17 | $0.13 | $0.07 | $0.24 | $0.22 |
| Gross margin | 59.1% | 56.6% | 58.1% | 54.9% | 53.7% | 51.7% | 60.9% | 61.2% | 60.3% | 61.4% | 60.7% | 61.1% |
| Operating margin | 6.0% | 4.7% | 11.2% | 6.2% | 0.9% | −5.4% | 6.8% | 3.6% | 2.1% | 0.5% | 4.2% | 4.0% |
| Net margin | −1.0% | −5.7% | −4.1% | −2.2% | −4.9% | −18.6% | −0.2% | 0.3% | −12.4% | −15.2% | −4.6% | −8.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BLCO's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BLCO financial results
In fiscal year 2025 (ended December 31, 2025), Bausch + Lomb reported revenue of $5.1 billion, up 6.5% from the year before. It had a net loss of $360.0 million, a net profit margin of −7.1%. Diluted earnings per share came to $0.50. Over five years revenue grew at an average rate of 8.4% a year.
See the BLCO stock overview for the latest quote and news, or the BLCO chart for price history and technical indicators.
BLCO income statement FAQ
What is Bausch + Lomb's annual revenue?
Bausch + Lomb reported total revenue of $5.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.5% from $4.8 billion the previous year.
Is Bausch + Lomb profitable?
No. Bausch + Lomb reported a net loss of $360.0 million in fiscal 2025, a net profit margin of −7.1%; its operating margin was 3.7%.
What is Bausch + Lomb's gross margin?
Bausch + Lomb's gross margin was 54.8% in fiscal 2025: for every $100 of revenue, Bausch + Lomb kept $55 after the direct cost of its products and services.
How much does Bausch + Lomb spend on research and development?
Bausch + Lomb spent $371.0 million on research and development in fiscal 2025, 7.3% of revenue.
How fast is Bausch + Lomb growing?
Revenue grew 8.4% a year on average over the last five fiscal years, from $3.4 billion to $5.1 billion.
What are Bausch + Lomb's earnings per share?
Bausch + Lomb earned $0.50 per diluted share in fiscal 2025, compared with $0.62 a year earlier.
When will Bausch + Lomb report its next earnings?
Bausch + Lomb is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Bausch + Lomb's fiscal year end?
Bausch + Lomb's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.