BXP, Inc. (BXP) Income Statement
BXP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBXP revenue and net income
Where BXP's revenue goes
2025Each bar shows an amount and its share of revenue. BXP kept 7.9% of revenue as net income.
BXP profit margins
BXP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.2% | +3.9% | +4.7% | +3.4% |
| Gross profit | +1.1% | +2.2% | +4.0% | +2.9% |
| Operating income | +89.9% | +22.3% | +16.4% | +8.6% |
| Net income | +1,839.5% | −31.2% | −20.5% | −7.2% |
| EPS (diluted) | −40.7% | −21.0% | −14.3% | −4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BXP quarterly EPS vs estimates
BXP beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $1.80).
BXP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B | $2.77B | $2.96B | $2.72B | $2.60B | $2.55B |
| Cost of revenue | $1.37B | $1.32B | $1.22B | $1.14B | $1.03B | $1.03B | $1.08B | $1.02B | $962.0M | $921.2M |
| Gross profit | $2.11B | $2.09B | $2.06B | $1.97B | $1.85B | $1.74B | $1.88B | $1.69B | $1.64B | $1.63B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $168.8M | $176.5M | $187.9M | $161.8M | $164.1M | $133.1M | $151.2M | $121.7M | $113.7M | $105.2M |
| Total operating expenses | $168.8M | $1.06B | $1.02B | $911.6M | $881.4M | $828.5M | $828.9M | $767.4M | $731.3M | $801.5M |
| Operating income | $1.94B | $1.02B | $1.04B | $1.06B | $973.1M | $906.9M | $1.05B | $913.7M | $908.1M | $823.9M |
| Interest income | $715.8M | $60.2M | $54.8M | $11.9M | $5.7M | $6.0M | $18.9M | $10.8M | $5.8M | $7.2M |
| Interest expense | $647.7M | $645.1M | $572.9M | $437.1M | $423.3M | $431.7M | $412.7M | $378.2M | $374.5M | $412.8M |
| Income before taxes | $384.0M | $84.2M | $291.4M | $1.02B | $631.9M | $1.02B | $652.0M | $597.9M | $554.8M | $487.5M |
| Income taxes | — | $69.9M | $101.2M | $437.1M | $547.5M | $492.9M | $589.8M | $177.0M | $478.1M | $397.3M |
| Net income | $276.8M | $14.3M | $190.2M | $848.9M | $505.2M | $872.7M | $521.5M | $582.8M | $462.4M | $511.1M |
| EBITDA | $1.94B | $1.62B | $1.70B | $2.21B | $1.78B | $2.14B | $1.74B | $1.74B | $1.55B | $1.68B |
| EPS (diluted) | $1.28 | $2.16 | $0.99 | $2.60 | $2.71 | $2.77 | $3.64 | $2.78 | $2.88 | $2.41 |
| Gross margin | 60.6% | 61.2% | 62.8% | 63.5% | 64.2% | 62.7% | 63.4% | 62.4% | 63.0% | 63.9% |
| Operating margin | 55.7% | 30.0% | 31.7% | 34.1% | 33.7% | 32.8% | 35.4% | 33.6% | 34.9% | 32.3% |
| Net margin | 7.9% | 0.4% | 5.8% | 27.3% | 17.5% | 31.6% | 17.6% | 21.5% | 17.8% | 20.0% |
| 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 | $895.7M | $872.1M | $877.1M | $871.5M | $868.5M | $865.2M | $858.6M | $859.2M | $850.5M | $839.4M | $828.9M | $824.3M |
| Cost of revenue | $823.4M | $356.9M | $348.9M | $341.4M | $341.4M | $339.9M | $333.7M | $564.3M | $331.3M | $543.2M | $309.8M | $309.2M |
| Gross profit | $72.3M | $515.2M | $528.2M | $530.1M | $527.0M | $525.3M | $524.9M | $295.0M | $519.2M | $296.3M | $519.1M | $515.1M |
| Sales, general & admin | $54.3M | $59.3M | $37.8M | $40.0M | $46.6M | $52.3M | $36.9M | $33.4M | $48.3M | $50.0M | $42.8M | $35.3M |
| Total operating expenses | −$186.5M | $287.4M | $37.8M | $276.2M | $270.4M | $52.3M | $262.9M | $33.4M | $267.8M | $50.1M | $254.9M | $242.8M |
| Operating income | $258.9M | $227.8M | $490.4M | $254.0M | $256.6M | $473.0M | $262.7M | $261.5M | $251.3M | $246.1M | $264.3M | $272.3M |
| Interest income | $6.1M | $8.9M | $99.2M | $7.6M | $155.5M | $7.8M | $20.5M | $14.4M | $10.8M | $14.5M | $21.0M | $375.6M |
| Interest expense | $153.4M | $152.1M | $150.3M | $164.3M | $162.8M | $163.4M | $170.4M | $163.2M | $149.6M | $161.9M | $155.1M | $147.8M |
| Income before taxes | $102.5M | $133.0M | $294.8M | −$116.8M | $119.1M | $86.9M | −$237.8M | $108.5M | $106.9M | $106.6M | $153.2M | −$103.5M |
| Income taxes | — | — | — | — | — | — | — | $24.8M | $27.3M | $42.4M | $33.2M | −$91.5M |
| Net income | $68.6M | $101.6M | $248.5M | −$121.7M | $89.0M | $61.2M | −$228.9M | $83.6M | $79.6M | $79.9M | $119.9M | −$111.8M |
| EBITDA | $492.9M | $407.3M | $677.0M | $283.6M | $505.8M | $468.5M | $163.4M | $494.5M | $476.1M | $488.7M | $520.7M | $252.3M |
| EPS (diluted) | $1.78 | $0.55 | $0.68 | −$0.36 | $0.56 | $0.40 | $0.71 | $0.51 | $0.50 | $0.44 | $0.57 | −$0.71 |
| Gross margin | 8.1% | 59.1% | 60.2% | 60.8% | 60.7% | 60.7% | 61.1% | 34.3% | 61.0% | 35.3% | 62.6% | 62.5% |
| Operating margin | 28.9% | 26.1% | 55.9% | 29.1% | 29.5% | 54.7% | 30.6% | 30.4% | 29.5% | 29.3% | 31.9% | 33.0% |
| Net margin | 7.7% | 11.6% | 28.3% | −14.0% | 10.2% | 7.1% | −26.7% | 9.7% | 9.4% | 9.5% | 14.5% | −13.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BXP's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BXP financial results
In fiscal year 2025 (ended December 31, 2025), BXP reported revenue of $3.5 billion, up 2.2% from the year before. It had net income of $276.8 million (up 1,839.5%), a net profit margin of 7.9%. Diluted earnings per share came to $1.28. Over five years revenue grew at an average rate of 4.7% a year.
See the BXP stock overview for the latest quote and news, or the BXP chart for price history and technical indicators.
BXP income statement FAQ
What is BXP's annual revenue?
BXP reported total revenue of $3.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.2% from $3.4 billion the previous year.
Is BXP profitable?
Yes. BXP reported net income of $276.8 million in fiscal 2025, a net profit margin of 7.9%; its operating margin was 55.7%.
What is BXP's gross margin?
BXP's gross margin was 60.6% in fiscal 2025: for every $100 of revenue, BXP kept $61 after the direct cost of its products and services.
How fast is BXP growing?
Revenue grew 4.7% a year on average over the last five fiscal years, from $2.8 billion to $3.5 billion.
What are BXP's earnings per share?
BXP earned $1.28 per diluted share in fiscal 2025, compared with $2.16 a year earlier.
When will BXP report its next earnings?
BXP is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does BXP's fiscal year end?
BXP's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.