Care Delivery was Fresenius Medical Care AG’s largest segment in fiscal 2025, bringing in $15.97B of $15.05B (106%).
| Segments [axis] | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Care Delivery | $12.57B | $2.00B | $15.97B | ||
| Care Enablement | $5.35B | $4.06B | -$1.33B | ||
| Value-Based Care | — | — | $2.25B | ||
| Total | -$1.55B | — | -$1.83B | ||
| Latin America | — | — | — | ||
| Corporate | — | — | — | ||
| Total | $16.38B | $6.06B | $15.05B |
Fresenius Medical Care AG brought in $15.05B from its four segments in fiscal 2025, the year ended December 31, 2025. Fresenius Medical Care AG regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $6.06B. Care Delivery was the largest at $15.97B (106.1%), ahead of Value-Based Care at $2.25B (14.9%).
Fresenius Medical Care AG began breaking out Value-Based Care in fiscal 2025, when it brought in $2.25B. The total is net of Care Enablement, which took $1.33B off revenue in fiscal 2025.
United States was Fresenius Medical Care AG’s largest region in fiscal 2025, bringing in $14.18B of $14.68B (97%).
| Geography | FY 2017 | FY 2019 | FY 2022 | FY 2025 |
|---|---|---|---|---|
| United States | $13.38B | $14.18B | ||
| North America | — | — | ||
| Rest Of The World | $5.53B | — | ||
| Germany | $487.28M | $494.57M | ||
| Total | $19.40B | $14.68B |
Fresenius Medical Care AG brought in $14.68B from its two regions in fiscal 2025, the year ended December 31, 2025. Fresenius Medical Care AG regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $19.40B. United States was the largest at $14.18B (96.6%), ahead of Germany at $494.57M (3.4%).
Compared with fiscal 2022, the previous year with figures, United States grew 6.0% to $14.18B and Germany grew 1.5% to $494.57M.
Fresenius Medical Care AG stopped reporting Rest Of The World as a separate region after fiscal 2022, when it brought in $5.53B.
Revenue From Contracts With Customers was Fresenius Medical Care AG’s largest revenue line in fiscal 2020, bringing in $11.06B of $11.36B (97%).
| IFRS15 Revenue | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|
| Revenue From Contracts With Customers | $2.56B | $11.93B | $11.06B |
| Other Revenue | $535.85M | $263.78M | $303.81M |
| Total | $3.10B | $12.20B | $11.36B |
Fresenius Medical Care AG brought in $11.36B from its two revenue lines in fiscal 2020, the year ended December 31, 2020. That was down 6.8% from $12.20B in fiscal 2019. Revenue From Contracts With Customers was the largest at $11.06B (97.3%), ahead of Other Revenue at $303.81M (2.7%).
Compared with fiscal 2019, Other Revenue grew 15.2% to $303.81M, while Revenue From Contracts With Customers fell 7.3% to $11.06B. From fiscal 2018 to 2020, combined revenue from these revenue lines grew from $3.10B to $11.36B, a compound annual growth rate of 91.6%. Revenue From Contracts With Customers' share of the total rose from 82.7% to 97.3%.
Fresenius Medical Care AG (FMS) reports its revenue by segments [axis], by geography and by ifrs15 revenue. In fiscal 2025, Care Delivery was its largest segment, bringing in $15.97B (106.1% of the total), followed by Value-Based Care at $2.25B (14.9%).
Care Delivery was Fresenius Medical Care AG's largest segment in fiscal 2025, bringing in $15.97B, or 106.1% of the $15.05B total across its four segments.
United States was Fresenius Medical Care AG's largest region in fiscal 2025, bringing in $14.18B, or 96.6% of the $14.68B total across its two regions.
Revenue From Contracts With Customers was Fresenius Medical Care AG's largest revenue line in fiscal 2020, bringing in $11.06B, or 97.3% of the $11.36B total across its two revenue lines.
Other Revenue grew faster than Revenue From Contracts With Customers in fiscal 2020, up 15.2% from $263.78M to $303.81M. Revenue From Contracts With Customers fell 7.3% to $11.06B.
Every figure comes from Fresenius Medical Care AG's annual financial filings, as reported. Each line keeps the name Fresenius Medical Care AG gives it, and years follow its fiscal calendar.
Fresenius Medical Care AG's revenue by segments [axis] goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.