Bausch Health Companies (BHC) Operating Margin (2009 - 2026)
Bausch Health Companies (BHC) reported Operating Margin of 25.95% for Q2 2026, up 8.40 percentage points from 17.55% a year earlier and up 63.59 percentage points from the prior quarter.
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Analysis
Bausch Health Companies (BHC) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Bausch Health Companies' Operating Margin came in at 8.14%, down 8.05 percentage points year-over-year; for FY2025, it came in at 17.66%, up 1.60 percentage points from FY2024.
- Operating Margin has increased for four consecutive years, with a five-year change of +9.24 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 16.06% in FY2024 (+5.07 pp), 11.00% in FY2023 (+5.41 pp), 5.59% in FY2022 (+0.25 pp) and 5.34% in FY2021 (-3.09 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q3 2021.
- Year over year, Operating Margin gained in five of the last eight quarters, with an average year-over-year change of -2.07 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2023 (a gain of 25.79 percentage points); the low point was Q1 2026 (a drop of 49.86 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -37.64% (Q1 2026), 16.95% (Q4 2025) and 23.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,261.99 Bn | 1,235.61 Bn | 20.46 Bn | 52.42% |
| 2 | Johnson & Johnson | 678.93 Bn | 598.79 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 518.29 Bn | 486.30 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 365.98 Bn | 328.92 Bn | 13.19 Bn | 30.89% |
| 5 | Novartis Ag | 316.85 Bn | 290.09 Bn | - | - |
| 6 | Astrazeneca | 293.40 Bn | 267.29 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 251.78 Bn | 203.43 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 210.61 Bn | 185.71 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 166.87 Bn | 114.23 Bn | 12.56 Bn | 32.98% |
| 10 | Bausch Health Companies | 3.16 Bn | -3.76 Bn | 2.21 Bn | 33.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.42% |
| Jun 30, 2026 | 25.95% |
| Mar 31, 2026 | -37.64% |
| Dec 31, 2025 | 16.95% |
| Sep 30, 2025 | 23.09% |
| Jun 30, 2025 | 17.55% |
| Mar 31, 2025 | 12.22% |
| Dec 31, 2024 | 21.81% |
| Sep 30, 2024 | 12.67% |
| Jun 30, 2024 | 16.19% |
| Mar 31, 2024 | 13.05% |
| Dec 31, 2023 | 15.03% |
| Sep 30, 2023 | 0.63% |
| Jun 30, 2023 | 19.01% |
| Mar 31, 2023 | 9.00% |
| Dec 31, 2022 | -10.76% |
| Sep 30, 2022 | 11.93% |
| Jun 30, 2022 | 8.19% |
| Mar 31, 2022 | 14.86% |
| Dec 31, 2021 | 16.71% |
API Access
Bausch Health Companies Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();