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Boston Scientific BSX Business Segments

FY'25FY'24FY'23FY'22
Net sales of reportable segments by Business
Cardiovascular$13.29B+22.6%$10.84B+22.8%$8.83B+13.0%$7.81B+16.2%
MedSurg$6.84B+13.4%$6.03B+11.0%$5.43B+10.6%$4.91B+12.0%
Net Sales by Business
Cardiovascular$13.25B+23.2%$10.76B+22.0%$8.82B+12.6%$7.83B+8.1%
MedSurg$6.82B+13.8%$5.99B+10.5%$5.42B+10.4%$4.91B+6.0%
Total assets of reportable segments by Business
Cardiovascular$30.71B
MedSurg$13.24B
Other segment items by Business
Cardiovascular$25M+31.6%$19M-17.4%$23M+4.5%$22M
MedSurg$21M+50.0%$14M-30.0%$20M-13.0%$23M
Operating Income (Loss), Adjusted by Business
Cardiovascular$4.32B+33.7%$3.23B+37.2%$2.36B+32.0%$1.78B
MedSurg$2.28B+9.0%$2.09B+11.5%$1.87B+25.7%$1.49B
Selling, general and administrative expenses, percentage of net sale by Business
Cardiovascular82.8%31.5%-0.5pp32%
Cost of products sold by Business
Cardiovascular$3.95B+15.7%$3.41B+21.4%$2.81B+6.5%$2.64B
MedSurg$1.92B+16.1%$1.65B+12.2%$1.47B+5.0%$1.4B
Cost of products sold, percentage of net sale by Business
Cardiovascular88.6%31.8%-2.5pp34.3%
MedSurg83.1%+1.3pp81.8%+54.7pp27.1%-1.8pp28.9%
Research and development expenses, percentage of net sale by Business
Cardiovascular28.9%+1.9pp27%+17.3pp9.7%-0.5pp10.2%
MedSurg22.1%-0.8pp22.9%+15.0pp7.9%-1.0pp8.9%
Selling, general and administrative expenses by Business
Cardiovascular$3.69B+15.3%$3.2B+15.1%$2.78B+13.3%$2.45B
MedSurg$2.12B+16.7%$1.82B+10.6%$1.64B+8.7%$1.51B
Impact of foreign currency fluctuations and purchase price and other adjustments by Business
MedSurg$53M$0
Research and development expenses by Business
Cardiovascular$1.31B+33.8%$979M+14.0%$859M+9.8%$782M
MedSurg$507M+9.7%$462M+7.9%$428M-0.9%$432M
Goodwill by Business
Cardiovascular$41.49B+11.0%$37.37B+3.4%$36.12B+4.2%$34.66B+39.6%
MedSurg$30.42B+29.4%$23.52B+25.1%$18.8B+10.9%$16.95B+54.2%
Depreciation by Business
Cardiovascular$355M+17.2%$303M+15.2%$263M+7.3%$245M-6.1%
MedSurg$115M+5.5%$109M+5.8%$103M+17.0%$88M-3.3%
Goodwill acquired by Business
Cardiovascular$890M+44.7%$615M$1.03B-32.2%
MedSurg$173M$1.11B$0-100%
Net Sales by Product
Cardiac Rhythm Management$2.33B+2.4%$2.28B+2.7%$2.22B+5.7%$2.1B+4.0%
Electrophysiology$3.33B+74.6%$1.9B+138%$800M+36.8%$585M+60.7%
Endoscopy$2.92B+8.5%$2.69B+8.2%$2.48B+11.7%$2.22B+3.8%
Interventional Cardiology & Vascular Therapies$4.64B+10.5%$4.2B+10.8%$3.79B
Neuromodulation$1.2B+8.6%$1.11B+13.3%$975M+6.3%$917M+0.9%
Urology$2.71B+23.1%$2.2B+12.0%$1.96B+10.8%$1.77B+12.0%
Watchman$1.96B+29.2%$1.52B+18.9%$1.28B+25.1%$1.02B+22.9%
Net Sales by Geography
Asia-Pacific$3.08B+14.7%$2.69B+11.8%$2.4B+13.5%$2.12B+2.3%
Europe, Middle East and Africa$3.45B+6.9%$3.23B+13.1%$2.86B+13.0%$2.53B+0.3%
Latin America and Canada$678M+8.5%$625M+11.6%$560M+19.7%$468M+21.2%
U.S.$12.86B+26.0%$10.21B+21.2%$8.43B+10.4%$7.63B+10.4%
Long-Lived Assets by Geography
Costa Rica$2.36B
Ireland$2.81B
U.S.$6.78B

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Questions, answered.

How does Boston Scientific break its business down?
Boston Scientific (BSX) reports net sales of reportable segments by business across 2 parts — Cardiovascular and MedSurg. Each is extracted from the segment footnotes and tracked over time.
Where does Boston Scientific's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Boston Scientific's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.