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Companies $BDX
$196.39 -$2.53 (1.27%) Live
Becton Dickinson and Co logo

Becton Dickinson and Co

bd.com

What Do They Do?

Sells medical devices and supplies, including drug-delivery systems and medication-management equipment, to hospitals and clinics, pharmaceutical companies, and consumers and retail pharmacies.

How Do They Make Money?

Customers buy medical supplies, devices, laboratory equipment and diagnostic products; BD generally receives payment within one year or less. Most product sales are counted when shipped or delivered, while certain complex installed equipment is counted after customer acceptance; extended warranties and software maintenance are provided over their contract terms.

revenue
SegmentShareRevenue
Medical
52%
FY2022: 47%
Life Sciences
24%
FY2022: 29%
Interventional
24%
FY2022: 24%

Who Are Their Customers?

Hospitals, clinics and laboratories; pharmaceutical and biotechnology companies; and physicians and other healthcare providers buy BD products. BD sells through independent distributors and sales representatives and directly to end users; in the United States, wholesalers support disposable-product sales, while most capital equipment is sold directly.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025
12% of revenue
▲ +8% vs FY2024 ($2.4B, 12%)
Net income, FY2025
8% of revenue
▼ −2% vs FY2024 ($1.7B, 8%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jun 30, 2026
Revenue
▲ +5%
vs $4.7B in Q3 FY2025
Net income
▼ −34%
vs $574M in Q3 FY2025
  • Aug 6, 2026 BD raises the midpoint of adjusted EPS guidance The company expects revenue growth toward the high end of its range.
  • Feb 9, 2026 BD completes the Biosciences and Diagnostic Solutions combination with Waters The transaction brought BD $4 billion in cash.

Growing. Revenue grew 14% in 4 years, from $19.1B in FY2021 to $21.8B in FY2025, about 3% a year.

Surgical instrumentation The earlier Surgery lineup included surgical and laparoscopic instruments; BD later sold the Surgical Instrumentation platform.

Revenue over time
Medical Life Sciences Interventional
$25B$12.5B$0

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