Bristol Myers Squibb income statement
In fiscal 2025, Bristol Myers Squibb reported revenue of $48.19bn, down 0.2% on the year before and net income of $7.05bn, or $3.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.8 | 19.5 | 21.2 | 17.6 | 16.4 | 15.9 | 16.6 | 19.4 | 20.8 | 22.6 | 26.1 | 42.5 | 46.4 | 46.2 | 45.0 | 48.3 | 48.2 | 50.0 |
| Cost of revenue | — | — | — | — | — | — | — | 5.0 | 6.0 | 6.5 | 8.1 | 11.8 | 9.9 | 10.1 | 10.7 | 14.0 | 13.9 | 15.4 |
| Gross profit | 13.7 | 14.2 | 15.6 | 13.0 | 11.8 | 11.9 | 12.7 | 14.5 | 14.7 | 16.1 | 18.1 | 30.7 | 36.4 | 36.0 | 34.3 | 34.3 | 34.3 | 34.6 |
| Research and development | 3.6 | 3.6 | 3.8 | 3.9 | 3.7 | 4.5 | 5.9 | 5.0 | 6.5 | 6.3 | 6.1 | 10.0 | 10.2 | 9.5 | 9.3 | 11.2 | 10.0 | 10.6 |
| Selling, general and administrative | 3.9 | 3.7 | 4.2 | 4.2 | 4.9 | 4.8 | 4.8 | 5.0 | 4.8 | 4.6 | 4.9 | 7.7 | 7.7 | 7.8 | 7.8 | 8.4 | 7.3 | 7.3 |
| Interest expense | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.7 | 1.4 | 1.3 | 1.2 | 1.2 | 1.9 | 1.9 | 1.7 |
| Income before tax | 5.6 | 6.1 | 7.0 | 2.3 | 2.9 | 2.4 | 2.1 | 5.9 | 5.1 | 6.0 | 5.0 | −6.9 | 8.1 | 7.7 | 8.4 | −8.4 | 9.3 | 11.3 |
| Income tax | 1.2 | 1.6 | 1.7 | −0.2 | 0.3 | 0.4 | 0.4 | 1.4 | 4.2 | 1.0 | 1.5 | 2.1 | 1.1 | 1.4 | 0.4 | 0.6 | 2.3 | 2.1 |
| Net income | 10.6 | 3.1 | 3.7 | 2.0 | 2.6 | 2.0 | 1.6 | 4.5 | 1.0 | 4.9 | 3.4 | −9.0 | 7.0 | 6.3 | 8.0 | −8.9 | 7.1 | 9.2 |
| Diluted EPS | $5.34 | $1.79 | $2.16 | $1.16 | $1.54 | $1.20 | $0.93 | $2.65 | $0.61 | $3.01 | $2.01 | −$3.99 | $3.12 | $2.95 | $3.86 | −$4.41 | $3.46 | $4.52 |
| Diluted shares (average) | 1,978m | 1,727m | 1,717m | 1,688m | 1,662m | 1,670m | 1,679m | 1,680m | 1,652m | 1,637m | 1,712m | 2,258m | 2,245m | 2,146m | 2,078m | 2,027m | 2,039m | 2,047m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.3 | 11.2 | 12.3 | 12.2 | 12.5 | 11.5 | 13.0 | 13.1 |
| Cost of revenue | 4.8 | 3.0 | 3.4 | 3.4 | 4.1 | 3.4 | 3.7 | 4.1 |
| Gross profit | 7.5 | 8.2 | 8.9 | 8.8 | 8.4 | 8.1 | 9.2 | 8.9 |
| Research and development | 3.2 | 2.3 | 2.6 | 2.5 | 2.6 | 2.6 | 3.0 | 2.4 |
| Selling, general and administrative | 2.1 | 1.6 | 1.7 | 1.8 | 2.2 | 1.6 | 1.8 | 1.7 |
| Interest expense | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
| Income before tax | 0.2 | 3.0 | 1.8 | 3.1 | 1.5 | 3.2 | 4.1 | 2.5 |
| Income tax | 0.1 | 0.5 | 0.5 | 0.9 | 0.4 | 0.6 | 0.8 | 0.4 |
| Net income | 0.1 | 2.5 | 1.3 | 2.2 | 1.1 | 2.7 | 3.3 | 2.2 |
| Diluted EPS | $0.04 | $1.20 | $0.64 | $1.08 | $0.53 | $1.31 | $1.62 | $1.05 |
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