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Boston Scientific BSX Cardiovascular — Research and development expenses

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Other financials

Income statement

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Revenue$5.4B+7.5%
Gross profit$3.8B+12.4%
Operating income$1.2B+43.8%
Net income$907.0M+14.1%
EPS (diluted)$0.61+15.1%

Balance sheet

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Cash & equivalents$850.0M+146%
Total debt$659.0M-94.1%
Total equity$25.9B+16.4%
Total assets$44.4B+10.5%

Cash flow

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Operating cash flow$348.0M-35.7%
CapEx$177.0M-5.3%
Free cash flow$171.0M-51.7%

Valuation

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Market cap$69.19B-54.6%
P/E18.9×-42.3×
P/S3.3×-5.0×

Profitability

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Gross margin69.9%+1.7pp
Operating margin19.8%+2.8pp
Net margin17.5%+4.0pp
FCF margin16.9%-0.3pp

Returns & leverage

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Return on equity14.8%+5.2pp
Debt / equity-0.5×
Current ratio1.9×+0.4×

Where this comes from

Reported directly by Boston Scientific in its filing.

Tagged under the XBRL concept bsx:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCostAdjusted.

The source filing: Boston Scientific’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 6:25 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000885725-26-000033
(in millions, except percentages)Med Surg% of Net SalesCardiovascular% of Net SalesTotal
Segment expenses:
Cost of products sold47828.1%1,06730.5%
Selling, general and administrative expenses55732.8%95927.4%
Research and development expenses1277.5%3439.8%
Other segment items(1)50.3%70.2%
Segment operating income(2)53331.3%1,12532.1%1,658
Unallocated amounts:
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments(199)

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Boston Scientific's cardiovascular — research and development expenses?
Boston Scientific (BSX) reported cardiovascular — research and development expenses of $343M in Q1 2026.
How has Boston Scientific's cardiovascular — research and development expenses changed year-over-year?
Boston Scientific's cardiovascular — research and development expenses increased by 21.2% year-over-year, from $283M to $343M.
What is the long-term trend for Boston Scientific's cardiovascular — research and development expenses?
Over 3 years (2022 to 2025), Boston Scientific's cardiovascular — research and development expenses has grown at a 18.8% compound annual growth rate (CAGR), from $782M to $1.31B.
What does cardiovascular — research and development expenses mean?
Captures the investment in innovation, clinical trials, and product development specifically for the Cardiovascular segment. This is a critical indicator of the segment's future growth potential and pipeline strength.

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