Becton Dickinson & Co. (BDX) financial statements: income statement, balance sheet and cash flow

Becton Dickinson & Co.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Becton Dickinson & Co. reported revenue of $21.8B (+8.2% year on year) and net income of $1.7B (-1.6% year on year).

Income statement

Becton Dickinson & Co. income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Revenues	$21.8B	$20.2B	$19.4B	$18.9B
Cost of products sold	$11.9B	$11.1B	$11.2B	$10.4B
Selling and administrative expense	$5.3B	$4.9B	$4.7B	$4.7B
Research and development expense	$1.3B	$1.2B	$1.2B	$1.3B
Integration, restructuring and transaction expense	$408.0M	$458.0M	—	—
Other operating expense (income), net	$396.0M	$222.0M	($210.0M)	$37.0M
Total Operating Costs and Expenses	$19.3B	$17.8B	$17.3B	$16.6B
Operating Income	$2.6B	$2.4B	$2.1B	$2.3B
Interest expense	($613.0M)	($528.0M)	($452.0M)	($398.0M)
Interest income	$38.0M	$163.0M	$49.0M	$16.0M
Other expense, net	($123.0M)	($28.0M)	($46.0M)	($117.0M)
Income from Continuing Operations Before Income Taxes	$1.9B	$2.0B	$1.7B	$1.8B
Income tax provision	$203.0M	$300.0M	$132.0M	$148.0M
Net Income from Continuing Operations	$1.7B	$1.7B	$1.5B	$1.6B
Loss from Discontinued Operations, Net of Tax	$0	$0	($46.0M)	$144.0M
Net Income	$1.7B	$1.7B	$1.5B	$1.8B
Preferred stock dividends	$0	$0	($60.0M)	($90.0M)
Net income applicable to common shareholders	$1.7B	$1.7B	$1.4B	$1.7B
Income (Loss) from Continuing Operations, Per Basic Share (in USD per share)	$5.83	$5.88	$5.14	$5.42
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (in USD per share)	$0.00	$0.00	-$0.16	$0.50
Earnings Per Share, Basic	$5.83	$5.88	$4.97	$5.93
Income (Loss) from Continuing Operations, Per Diluted Share (in USD per share)	$5.82	$5.86	$5.10	$5.38
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (in USD per share)	$0.00	$0.00	-$0.16	$0.50
Diluted Earnings per Share (in USD per share)	$5.82	$5.86	$4.94	$5.88

Becton Dickinson & Co. income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Revenues	$5.0B	$4.7B	$5.3B	$5.5B
Cost of products sold	$2.7B	$2.6B	$2.8B	$2.9B
Selling and administrative expense	$1.3B	$1.2B	$1.4B	$1.3B
Research and development expense	$258.0M	$249.0M	$306.0M	$297.0M
Integration, restructuring and transaction expense	$89.0M	$533.0M	$111.0M	$97.0M
Other operating expense, net	$44.0M	$66.0M	$50.0M	$38.0M
Total Operating Costs and Expenses	$4.3B	$4.6B	$4.7B	$4.6B
Operating Income	$663.0M	$93.0M	$552.0M	$882.0M
Interest expense	($132.0M)	($149.0M)	($153.0M)	$152.0M
Interest income	$4.0M	$9.0M	$4.0M	$5.0M
Other income (expense), net	$19.0M	$86.0M	($10.0M)	($33.0M)
Income from Continuing Operations Before Income Taxes	$554.0M	$39.0M	$393.0M	$703.0M
Income tax provision	$102.0M	$76.0M	$11.0M	$129.0M
Net Income from Continuing Operations	$451.0M	($37.0M)	—	—
(Loss) Income from Discontinued Operations, Net of Tax	($74.0M)	($274.0M)	—	—
Net Income	$377.0M	($311.0M)	$382.0M	$574.0M
Income from Continuing Operations, Basic (USD per share)	$1.64	-$0.13	—	—
Income from Discontinued Operations, Basic (USD per share)	-$0.27	-$0.98	—	—
Basic Earnings per Share (USD per share)	$1.37	-$1.11	$1.34	$2.00
Income from Continuing Operations, Diluted (USD per share)	$1.64	-$0.13	—	—
Income from Discontinued Operations, Diluted (USD per share)	-$0.27	-$0.98	—	—
Diluted Earnings per Share (USD per share)	$1.37	-$1.11	$1.34	$2.00
Dividends per Common Share (USD per share)	$1.05	$1.05	$1.05	$1.04

Balance sheet

Becton Dickinson & Co. balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Cash and equivalents	$641.0M	$1.7B	$1.4B	$1.0B
Restricted cash	$210.0M	$139.0M	$65.0M	$153.0M
Short-term investments	$8.0M	$445.0M	$8.0M	$8.0M
Trade receivables, net	$3.0B	$3.0B	$2.5B	$2.2B
Inventories	$3.9B	$3.8B	$3.3B	$3.2B
Prepaid expenses and other	$1.5B	$1.3B	$1.4B	$1.6B
Total Current Assets	$9.3B	$10.5B	$8.7B	$8.1B
Property, Plant and Equipment, Net	$7.0B	$6.8B	$6.6B	$6.0B
Goodwill	$26.6B	$26.5B	$24.5B	$24.6B
Developed Technology, Net	$6.7B	$7.7B	$8.1B	$9.1B
Customer Relationships, Net	$2.2B	$2.6B	$2.3B	$2.7B
Other Intangibles, Net	$523.0M	$549.0M	$552.0M	$519.0M
Other Assets	$3.1B	$2.6B	$2.1B	$1.8B
Total Assets	$55.3B	$57.3B	$52.8B	$52.9B
Current debt obligations	$1.6B	$2.2B	$1.1B	$2.2B
Accounts payable	$2.0B	$1.9B	$1.6B	$1.7B
Accrued expenses	$3.1B	$3.5B	$2.6B	$2.6B
Salaries, wages and related items	$1.3B	$1.2B	$1.1B	$1.2B
Income taxes	$329.0M	$168.0M	$139.0M	$157.0M
Total Current Liabilities	$8.3B	$9.0B	$6.6B	$7.8B
Long-Term Debt	$17.6B	$17.9B	$14.7B	$13.9B
Long-Term Employee Benefit Obligations	$1.1B	$942.0M	$1.0B	$902.0M
Deferred Income Taxes and Other Liabilities	$2.9B	$3.6B	$4.6B	$5.1B
Common Stock, Value, Issued	$371.0M	$371.0M	$371.0M	$365.0M
Capital in excess of par value	$20.1B	$19.9B	$19.7B	$19.6B
Retained earnings	$16.6B	$16.1B	$15.5B	$15.2B
Deferred compensation	25.0M	25.0M	24.0M	23.0M
Treasury Stock, Value	($9.8B)	($8.8B)	($8.3B)	($8.3B)
Accumulated other comprehensive loss	($1.9B)	($1.7B)	($1.5B)	($1.5B)
Total Shareholders’ Equity	$25.4B	$25.9B	$25.8B	$25.3B
Total Liabilities and Shareholders’ Equity	$55.3B	$57.3B	$52.8B	$52.9B

Becton Dickinson & Co. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Cash and equivalents	$708.0M	$813.0M	$740.0M	$735.0M
Restricted cash	$155.0M	$202.0M	$284.0M	$62.0M
Short-term investments	$1.0M	$3.0M	$11.0M	$22.0M
Trade receivables, net	$2.4B	$2.2B	$2.5B	$2.9B
Materials	$793.0M	$801.0M	$940.0M	$920.0M
Work in process	$401.0M	$396.0M	$495.0M	$512.0M
Finished products	$2.1B	$2.2B	$2.6B	$2.5B
Inventories	$3.3B	$3.4B	$4.1B	$3.9B
Prepaid expenses and other	$1.6B	$1.4B	$1.6B	$1.3B
Current assets of discontinued operations	$0	$0	—	—
Total Current Assets	$8.1B	$8.0B	$9.2B	$9.0B
Property, Plant and Equipment	$13.6B	$13.6B	$15.2B	$14.9B
Less allowances for depreciation and amortization	$7.5B	$7.5B	$8.3B	$8.0B
Property, Plant and Equipment, Net	$6.1B	$6.1B	$7.0B	$6.8B
Goodwill	$25.9B	$26.0B	$26.6B	$26.6B
Developed Technology, Net	$5.7B	$5.9B	$6.4B	$6.9B
Customer Relationships, Net	$1.9B	$2.0B	$2.1B	$2.3B
Other Intangibles, Net	$448.0M	$450.0M	$521.0M	$526.0M
Other Assets	$2.5B	$2.4B	$3.0B	$2.7B
Noncurrent Assets of Discontinued Operations	$0	$0	—	—
Total Assets	$50.7B	$50.8B	$54.8B	$54.9B
Current debt obligations	$3.3B	$2.6B	$2.6B	$1.8B
Payables, accrued expenses and other current liabilities	$6.1B	$5.9B	$6.1B	$6.3B
Current liabilities of discontinued operations	$0	$0	—	—
Total Current Liabilities	$9.4B	$8.5B	$8.8B	$8.2B
Long-Term Debt	$13.5B	$14.7B	$16.9B	$17.5B
Long-Term Employee Benefit Obligations	$1.0B	$1.0B	$1.1B	$908.0M
Deferred Income Taxes and Other Liabilities	$2.4B	$2.5B	$2.8B	$2.8B
Noncurrent Liabilities of Discontinued Operations	$0	$0	—	—
Common stock — $1 par value; authorized — 640,000,000 shares; issued — 370,594,401 shares in June 30, 2026 and September 30, 2025	371.0M	371.0M	371.0M	371.0M
Capital in excess of par value	$20.2B	$19.8B	$20.1B	$20.0B
Retained earnings	$17.5B	$17.4B	$16.7B	$16.4B
Deferred compensation	31.0M	26.0M	25.0M	26.0M
Treasury stock	($12.1B)	($11.7B)	($10.1B)	($9.6B)
Accumulated other comprehensive loss	($1.6B)	($1.8B)	($1.9B)	($1.8B)
Total Shareholders’ Equity	$24.4B	$24.1B	$25.3B	$25.5B
Total Liabilities and Shareholders’ Equity	$50.7B	$50.8B	$54.8B	$54.9B

Cash flow statement

Becton Dickinson & Co. cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net Income	$1.7B	$1.7B	$1.5B	$1.8B
Loss from Discontinued Operations, Net of Tax	$0	$0	($46.0M)	$144.0M
Net Income from Continuing Operations	$1.7B	$1.7B	$1.5B	$1.6B
Depreciation and amortization	$2.5B	$2.3B	$2.3B	$2.2B
Share-based compensation	$258.0M	$247.0M	$259.0M	$233.0M
Deferred income taxes	($474.0M)	($211.0M)	($622.0M)	($120.0M)
Trade receivables, net	$71.0M	($453.0M)	($290.0M)	$32.0M
Inventories	($410.0M)	$98.0M	($15.0M)	($631.0M)
Prepaid expenses and other	($276.0M)	$23.0M	$192.0M	($436.0M)
Accounts payable, income taxes and other liabilities	($185.0M)	$625.0M	($517.0M)	($473.0M)
Pension obligation	$23.0M	($70.0M)	$112.0M	($55.0M)
Gain on sale of business	$0	$0	($268.0M)	—
Product remediation-related charges	$98.0M	$38.0M	$653.0M	—
Other, net	$186.0M	($445.0M)	($377.0M)	$4.0M
Net Cash Provided by Continuing Operating Activities	$3.4B	$3.8B	$3.0B	$2.5B
Capital expenditures	($760.0M)	($725.0M)	($874.0M)	($973.0M)
Maturities and sales (purchases) of investments, net	$422.0M	—	—	—
Acquisitions, net of cash acquired	$0	($3.9B)	$0	($2.1B)
Proceeds from divestitures, net	$0	$0	$540.0M	—
Other, net	($480.0M)	($444.0M)	($382.0M)	($178.0M)
Net Cash Used for Investing Activities	($818.0M)	$0	$0	($11.0M)
Change in short-term debt	$455.0M	$400.0M	($230.0M)	$230.0M
Proceeds from long-term debt	$0	$4.5B	$1.7B	$497.0M
Payments of debt	($1.8B)	($1.1B)	($2.2B)	($805.0M)
Repurchase of common stock	($1.0B)	($500.0M)	$0	($500.0M)
Dividends paid	($1.2B)	($1.1B)	($1.1B)	($1.1B)
Other, net	($87.0M)	($89.0M)	($120.0M)	($77.0M)
Net Cash (Used for) Provided by Financing Activities	($3.6B)	—	—	—
Net Cash Used for Operating Activities of Discontinued Operations	$0	($46.0M)	($1.0M)	$163.0M
Effect of exchange rate changes on cash and equivalents and restricted cash	$0	$4.0M	$5.0M	($45.0M)
Net (Decrease) Increase in Cash and Equivalents and Restricted Cash	($1.0B)	$375.0M	$322.0M	($1.2B)
Opening Cash and Equivalents and Restricted Cash	$1.9B	$1.5B	$1.2B	$2.4B
Closing Cash and Equivalents and Restricted Cash	$851.0M	$1.9B	$1.5B	$1.2B

Becton Dickinson & Co. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net Income	$449.0M	$72.0M	$382.0M	$1.2B
Less: (Loss) income from discontinued operations, net of tax	($276.0M)	($202.0M)	—	—
Net Income from Continuing Operations	$725.0M	$274.0M	—	—
Depreciation and amortization	$1.7B	$1.1B	$614.0M	$1.8B
Share-based compensation	$204.0M	$149.0M	$91.0M	$203.0M
Deferred income taxes	($118.0M)	($44.0M)	$29.0M	($255.0M)
Change in operating assets and liabilities	($542.0M)	($417.0M)	($415.0M)	($1.1B)
Pension obligation	$42.0M	($4.0M)	($2.0M)	$23.0M
Asset impairment charges	$450.0M	$450.0M	—	—
Impacts of debt extinguishment	($122.0M)	($122.0M)	—	—
Other, net	($231.0M)	($91.0M)	($43.0M)	$137.0M
Net Cash Provided by Continuing Operating Activities	$2.1B	$1.3B	—	$2.1B
Capital expenditures	($376.0M)	($233.0M)	($108.0M)	($408.0M)
Maturities and sales of investments	$27.0M	$23.0M	$0	$408.0M
Acquisitions, net of cash acquired and adjustments	($22.0M)	$0	$0	—
Other, net	($192.0M)	($111.0M)	($75.0M)	($324.0M)
Net Cash Used for Continuing Investing Activities	($563.0M)	($322.0M)	—	—
Change in short-term debt	$37.0M	$328.0M	$317.0M	$133.0M
Proceeds from long-term debt	$704.0M	—	—	$0
Distribution from spin-off entity, net (see Note 2)	$3.9B	$3.9B	—	—
Payments of debt	($2.7B)	($2.0B)	$0	($1.2B)
Repurchases of common stock	($2.3B)	($2.3B)	($250.0M)	($750.0M)
Dividends paid	($875.0M)	($589.0M)	($299.0M)	($899.0M)
Other, net	($70.0M)	($63.0M)	($69.0M)	($83.0M)
Net Cash Used for Continuing Financing Activities	($1.3B)	($716.0M)	—	—
Net cash (used for) provided by operating activities	($198.0M)	($73.0M)	—	$0
Net cash used for investing activities	($40.0M)	($53.0M)	—	($324.0M)
Net cash used for financing activities	($3.0M)	$71.0M	($302.0M)	—
Net Cash (Used for) Provided by Discontinued Operations	($241.0M)	($55.0M)	—	—
Net change in cash and equivalents and restricted cash, including cash classified within current assets of discontinued operations	$7.0M	—	—	—
Net change in cash and equivalents classified within current assets of discontinued operations	$74.0M	—	—	—
Effect of exchange rate changes on cash and equivalents and restricted cash	$5.0M	$3.0M	$2.0M	($2.0M)
Net increase (decrease) in cash and equivalents and restricted cash	$86.0M	$238.0M	$174.0M	($1.1B)
Opening Cash and Equivalents and Restricted Cash	$777.0M	$777.0M	$851.0M	$1.9B
Closing Cash and Equivalents and Restricted Cash	$863.0M	$1.0B	$1.0B	$798.0M

Becton Dickinson & Co. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.