Fresenius Medical Care AG (FMS) Operating Income (2009 - 2026)
Fresenius Medical Care AG (FMS) recorded Operating Income of $441.87 million in the quarter ended Sep 30, 2026, down 20.7% from $557.06 million a year earlier and down 18.4% from the prior quarter.
Fresenius Medical Care AG (FMS) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Fresenius Medical Care AG's Operating Income came in at $764.13 million as of Sep 30, 2026, down 54.1% year-over-year; for the year ended Dec 31, 2025, it came in at $2.06 billion, up 37.0% from the prior year.
- Annual Operating Income has a five-year compound annual growth rate of -4.7% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Income came in at $1.51 billion in the year ended Dec 31, 2024 (+1.7%), $1.48 billion in the year ended Dec 31, 2023 (-7.0%), $1.59 billion in the year ended Dec 31, 2022 (-27.3%) and $2.19 billion in the year ended Dec 31, 2021 (-16.7%).
- Quarterly Operating Income has ranged from -$554.29 million in the quarter ended Dec 31, 2025 to $557.06 million in the quarter ended Sep 30, 2025 over the past five years.
- On a year-over-year basis, Operating Income rose in four of the last seven quarters, with an average decline of 1.0%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 44.0% in the quarter ended Sep 30, 2024, against a decline of 39.9% in the quarter ended Dec 31, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $541.49 million (quarter ended Jun 30, 2026), $335.06 million (quarter ended Mar 31, 2026) and -$554.29 million (quarter ended Dec 31, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | - |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | -68.32 Mn |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 402.10 Mn |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 479.00 Mn |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 1.75 Bn |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -132.77 Mn |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | -56.86 Mn |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 160.48 Mn |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | - |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 441.87 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 441.87 Mn |
| Jun 30, 2026 | 541.49 Mn |
| Mar 31, 2026 | 335.06 Mn |
| Dec 31, 2025 | -554.29 Mn |
| Sep 30, 2025 | 557.06 Mn |
| Jun 30, 2025 | 481.40 Mn |
| Mar 31, 2025 | 348.58 Mn |
| Dec 31, 2024 | 276.66 Mn |
| Sep 30, 2024 | 508.14 Mn |
| Jun 30, 2024 | 457.45 Mn |
| Mar 31, 2024 | 267.26 Mn |
| Dec 31, 2023 | 460.12 Mn |
| Sep 30, 2023 | 352.95 Mn |
| Jun 30, 2023 | 388.34 Mn |
| Mar 31, 2023 | 280.07 Mn |
| Dec 31, 2022 | 359.06 Mn |
| Sep 30, 2022 | 475.55 Mn |
| Jun 30, 2022 | 363.34 Mn |
| Mar 31, 2022 | 390.20 Mn |
| Dec 31, 2021 | 513.82 Mn |
Fresenius Medical Care AG Operating Income 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-income&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "FMS", "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-income&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();