Becton Dickinson (BDX) Operating Margin (2009 - 2026)
Becton Dickinson (BDX) posted quarterly Operating Margin of 1.97% for Q1 2026, down 658.0% year-over-year from 0.35% in Q1 2025, and down 81.23% quarter-over-quarter from 10.51% in Q4 2025.
Becton Dickinson (BDX) Operating Margin (2009 - 2026) Analysis & Trends
Becton Dickinson (BDX) has reported Operating Margin for 18 consecutive years, with 1.97% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 658.0% year-over-year to 1.97%; the TTM figure through Mar 2026 stood at 10.41% (up 15.0% YoY), while the FY2025 annual figure was 11.81%, down 7.0% from the prior year.
- Operating Margin slipped 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.
- Historically, Operating Margin has averaged 10.74% across 5 years, with a median of 11.44% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin jumped 458 bps — and 2026, when it tumbled 658 bps.
- Becton Dickinson's Operating Margin stood at 12.76% in 2022, then retreated by 27 bps to 9.33% in 2023, then dropped by 6 bps to 8.77% in 2024, then increased by 20 bps to 10.51% in 2025, then tumbled by 81 bps to 1.97% in 2026.
- Business Quant data shows BDX's Operating Margin at 1.97% in Q1 2026, 10.51% in Q4 2025, and 11.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 33.60% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 13.31% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 0.39% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 30.66% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 5.14% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 20.53% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 8.19% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -2.87% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 7.33% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 14.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.31% |
| 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% |