Boston Scientific (BSX) Operating Margin (2009 - 2026)

Boston Scientific's (BSX) quarterly Operating Margin came in at 21.16% in Q1 2026, up 141.0% year-on-year from 8.78% in Q1 2025, and up 35.58% quarter-over-quarter from 15.61% in Q4 2025.

Boston Scientific (BSX) Operating Margin (2009 - 2026) Analysis & Trends

Boston Scientific has disclosed Operating Margin across 18 years of filings, most recently posting 21.16% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 21.16%, up 141.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.4% (up 217.0% YoY), and the FY2025 annual result was 18.0%, up 246.0% from the prior year.
  • Operating Margin came in at 21.16% for Q1 2026 at Boston Scientific, up from 15.61% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 21.16% in Q1 2026 to a low of 11.29% in Q3 2022.
  • The 5-year median for Operating Margin is 15.68% (2023), against an average of 16.1%.
  • Across the five-year window, Operating Margin surged 836 bps in 2023 and slumped 223 bps in 2024, its largest moves.
  • Boston Scientific's Operating Margin stood at 12.4% in 2022, then grew by 26 bps to 15.68% in 2023, then dropped by 6 bps to 14.8% in 2024, then advanced by 5 bps to 15.61% in 2025, then surged by 36 bps to 21.16% in 2026.
  • The last three Operating Margin figures came in at 21.16% (Q1 2026), 15.61% (Q4 2025), and 20.69% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 12.05%
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 15.55%
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 16.24%
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 21.16%
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 28.97%
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 6.17%
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 21.42%
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 10.04%
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 19.94%
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn 17.88%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.16%
Dec 31, 2025 15.61%
Sep 30, 2025 20.69%
Jun 30, 2025 16.18%
Mar 31, 2025 19.75%
Dec 31, 2024 14.80%
Sep 30, 2024 17.42%
Jun 30, 2024 12.62%
Mar 31, 2024 17.51%
Dec 31, 2023 15.68%
Sep 30, 2023 19.65%
Jun 30, 2023 14.28%
Mar 31, 2023 16.29%
Dec 31, 2022 12.40%
Sep 30, 2022 11.29%
Jun 30, 2022 13.04%
Mar 31, 2022 15.40%
Dec 31, 2021 5.76%
Sep 30, 2021 13.20%
Jun 30, 2021 8.51%