Boston Scientific (BSX) Gross Margin (2009 - 2026)
Boston Scientific (BSX) reported Gross Margin of 69.46% for Q1 2026, up 62.0% on a YoY basis from 42.88% in Q1 2025, and little changed sequentially from 69.6% in Q4 2025.
Boston Scientific (BSX) Gross Margin (2009 - 2026) Analysis & Trends
Boston Scientific (BSX) has 18 years of Gross Margin data on file, last reported at 69.46% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 62.0% year-over-year to 69.46%; the trailing twelve-month figure through Mar 2026 stood at 69.17% (up 51.0% YoY), and the FY2025 full-year result was 69.01%, up 41.0% from the prior year.
- Gross Margin was little changed at 69.46% in Q1 2026, from 69.6% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 70.63% in Q2 2023 to a low of 67.65% in Q2 2025.
- A 5-year average of 69.01% and a median of 68.85% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 180 bps in 2023 and slumped 152 bps in 2025, its largest moves.
- Tracing BSX's Gross Margin over 5 years: stood at 68.85% in 2022, then grew by 1 bps to 69.23% in 2023, then decreased by 2 bps to 67.86% in 2024, then gained by 3 bps to 69.6% in 2025, then retreated by 0 bps to 69.46% in 2026.
- Business Quant data shows BSX's Gross Margin at 69.46% in Q1 2026, 69.6% in Q4 2025, and 69.93% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 62.95% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 45.22% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 38.53% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 43.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.46% |
| Dec 31, 2025 | 69.60% |
| Sep 30, 2025 | 69.93% |
| Jun 30, 2025 | 67.65% |
| Mar 31, 2025 | 68.84% |
| Dec 31, 2024 | 67.86% |
| Sep 30, 2024 | 68.83% |
| Jun 30, 2024 | 69.17% |
| Mar 31, 2024 | 68.67% |
| Dec 31, 2023 | 69.23% |
| Sep 30, 2023 | 68.78% |
| Jun 30, 2023 | 70.63% |
| Mar 31, 2023 | 69.31% |
| Dec 31, 2022 | 68.85% |
| Sep 30, 2022 | 69.12% |
| Jun 30, 2022 | 68.83% |
| Mar 31, 2022 | 68.44% |
| Dec 31, 2021 | 68.92% |
| Sep 30, 2021 | 69.30% |
| Jun 30, 2021 | 69.29% |