Becton Dickinson (BDX) Operating Margin (2009 - 2026)
Becton Dickinson (BDX) reported Operating Margin of 1.97% for Q1 2026, down 658.0% year-over-year from 0.35% in Q1 2025, and down 81.23% on a QoQ basis from 10.51% in Q4 2025.
Becton Dickinson (BDX) has 18 years of Operating Margin data on file, last reported at 1.97% in Q1 2026.
- Quarterly Operating Margin fell 658.0% year-over-year to 1.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.41% (up 15.0% YoY) and the FY2025 annual result came in at 11.81%, down 7.0% from the prior year.
- Operating Margin fell to 1.97% in Q1 2026 per BDX's latest filing, from 10.51% in the prior quarter.
- Across five years, Operating Margin topped out at 16.01% in Q2 2025 and bottomed at 1.97% in Q1 2026.
- The 5-year median for Operating Margin is 11.44% (2024), against an average of 10.74%.
- The widest annual swing landed in 2024, when Operating Margin surged 458 bps; it then sank 658 bps in 2026.
- Tracing BDX's Operating Margin over 5 years: stood at 12.76% in 2022, then dropped by 27 bps to 9.33% in 2023, then retreated by 6 bps to 8.77% in 2024, then advanced by 20 bps to 10.51% in 2025, then plunged by 81 bps to 1.97% in 2026.
- Per Business Quant, the three latest BDX Operating Margin figures stand at 1.97% (Q1 2026), 10.51% (Q4 2025), and 11.83% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 30.87% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 1.97% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 34.92% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 20.96% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 4.04% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 20.78% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 13.65% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 2.44% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 10.94% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 8.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.97% |
| Dec 31, 2025 | 10.51% |
| Sep 30, 2025 | 11.83% |
| Jun 30, 2025 | 16.01% |
| Mar 31, 2025 | 8.55% |
| Dec 31, 2024 | 8.77% |
| Sep 30, 2024 | 11.44% |
| Jun 30, 2024 | 12.06% |
| Mar 31, 2024 | 14.55% |
| Dec 31, 2023 | 9.33% |
| Sep 30, 2023 | 6.86% |
| Jun 30, 2023 | 11.25% |
| Mar 31, 2023 | 13.03% |
| Dec 31, 2022 | 12.76% |
| Sep 30, 2022 | 10.27% |
| Jun 30, 2022 | 11.57% |
| Mar 31, 2022 | 11.87% |
| Dec 31, 2021 | 14.67% |
| Sep 30, 2021 | 7.84% |
| Jun 30, 2021 | 10.68% |
| Mar 31, 2021 | 8.84% |
| Dec 31, 2020 | 23.35% |
| Sep 30, 2020 | -6.63% |
| Jun 30, 2020 | 9.29% |
| Mar 31, 2020 | 8.70% |
| Dec 31, 2019 | 11.86% |
| Sep 30, 2019 | 2.42% |
| Jun 30, 2019 | 14.39% |
| Mar 31, 2019 | 3.24% |
| Dec 31, 2018 | 21.35% |
| Sep 30, 2018 | 13.08% |
| Jun 30, 2018 | 11.97% |
| Mar 31, 2018 | 4.41% |
| Dec 31, 2017 | 7.63% |
| Sep 30, 2017 | 15.38% |
| Jun 30, 2017 | -7.35% |
| Mar 31, 2017 | 15.02% |
| Dec 31, 2016 | 27.75% |
| Sep 30, 2016 | 2.97% |
| Jun 30, 2016 | 16.14% |
| Mar 31, 2016 | 15.19% |
| Dec 31, 2015 | 11.79% |
| Sep 30, 2015 | 9.64% |
| Jun 30, 2015 | 4.39% |
| Mar 31, 2015 | 14.29% |
| Dec 31, 2014 | 17.02% |
| Sep 30, 2014 | 18.26% |
| Jun 30, 2014 | 20.63% |
| Mar 31, 2014 | 18.39% |
| Dec 31, 2013 | 18.76% |
| Sep 30, 2013 | 3.62% |
| Jun 30, 2013 | 19.73% |
| Mar 31, 2013 | 19.05% |
| Dec 31, 2012 | 20.63% |
| Sep 30, 2012 | 19.77% |
| Jun 30, 2012 | 22.67% |
| Mar 31, 2012 | 19.87% |
| Dec 31, 2011 | 18.38% |
| Sep 30, 2011 | 20.78% |
| Jun 30, 2011 | 22.91% |
| Mar 31, 2011 | 22.91% |
| Dec 31, 2010 | 22.43% |
| Sep 30, 2010 | 19.45% |
| Jun 30, 2010 | 23.10% |
| Mar 31, 2010 | 22.99% |
| Dec 31, 2009 | 22.99% |
| Sep 30, 2009 | 21.99% |
| Jun 30, 2009 | 23.72% |
| Mar 31, 2009 | 20.91% |