BMY financial statements

The full income statement, balance sheet, and cash-flow statement for Bristol-Myers Squibb Company (BMY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 2.03B2024-09 2.03B2024-12 2.03B2025-03 2.04B2025-06 2.04B2025-09 2.04B2025-12 2.04B2026-03 2.04B2026-06 2.04B+0.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	48.2B YoY-0.2%	48.3B YoY+7.3%	45.0B YoY-2.5%	46.2B YoY-0.5%	46.4B YoY+9.1%
Cost of revenue	13.9B YoY-0.2%	14.0B YoY+30.6%	10.7B YoY+5.5%	10.1B YoY+2.0%	9.94B YoY-15.6%
Research & development	9.95B YoY-10.8%	11.2B YoY+20.0%	9.30B YoY-2.2%	9.51B YoY-6.7%	10.2B YoY+1.5%
Selling, general & administrative	7.27B YoY-13.6%	8.41B YoY+8.3%	7.77B YoY-0.5%	7.81B YoY+1.6%	7.69B YoY+0.4%
Restructuring	563M YoY-11.3%	635M YoY+74.0%	365M YoY+386.7%	75.0M YoY-55.6%	169M YoY-68.1%
Amortization of intangibles	3.50B YoY-61.1%	9.00B YoY-2.2%	9.20B YoY-5.2%	9.70B YoY-4.9%	10.2B YoY+3.0%
Provision for credit losses	—	41.0M YoY+192.9%	14.0M YoY+100.0%	7.00M YoY+75.0%	4.00M YoY-66.7%
Interest expense	1.89B YoY-2.9%	1.95B YoY+67.0%	1.17B YoY-5.4%	1.23B YoY-7.6%	1.33B YoY-6.1%
Interest & investment income	586M YoY+22.6%	478M YoY+6.5%	449M YoY+162.6%	171M YoY+338.5%	39.0M YoY-67.8%
Other non-operating income	-674M YoY+24.5%	-893M YoY-177.1%	1.16B YoY+301.0%	-576M YoY-180.0%	720M YoY-68.9%
Equity-method income	47.0M YoY+6.8%	44.0M YoY+215.8%	-38.0M YoY+64.8%	-108M YoY-146.8%	231M YoY+220.8%
Gain (loss) on equity securities	291M YoY+809.8%	-41.0M YoY+65.0%	-117M YoY+84.6%	-762M YoY-89.1%	-403M YoY-141.8%
Pre-tax income	9.33B YoY+211.3%	-8.38B YoY-199.3%	8.44B YoY+9.4%	7.71B YoY-4.8%	8.10B YoY+217.9%
Income tax	2.27B YoY+310.1%	554M YoY+38.5%	400M YoY-70.8%	1.37B YoY+26.2%	1.08B YoY-49.0%
	7.05B YoY+178.8%	-8.95B YoY-211.5%	8.03B YoY+26.8%	6.33B YoY-9.5%	6.99B YoY+177.6%
Net income to non-controlling interest	—	—	—	18.0M YoY-10.0%	20.0M YoY+0.0%
	$3.46 YoY+178.5%	-$4.41 YoY-214.2%	$3.86 YoY+30.8%	$2.95 YoY-5.4%	$3.12 YoY+178.2%
EPS (basic)	$3.47 YoY+178.7%	-$4.41 YoY-213.7%	$3.88 YoY+30.6%	$2.97 YoY-5.7%	$3.15 YoY+178.9%
	2.03B YoY+0.3%	2.03B YoY-2.0%	2.07B YoY-2.9%	2.13B YoY-4.1%	2.22B YoY-1.6%
	2.04B YoY+0.6%	2.03B YoY-2.5%	2.08B YoY-3.2%	2.15B YoY-4.4%	2.25B YoY-0.6%
Dividends per share	$2.49 YoY+2.9%	$2.42 YoY+4.8%	$2.31 YoY+5.5%	$2.19 YoY+9.0%	$2.01 YoY+9.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	29.4B YoY-1.3%	29.8B YoY-6.3%	31.8B YoY+16.5%	27.3B YoY-18.0%	33.3B YoY+10.2%
Cash & equivalents	10.2B YoY-1.3%	10.3B YoY-9.8%	11.5B YoY+25.7%	9.12B YoY-34.7%	14.0B YoY-3.9%
Short-term investments	—	—	—	130M YoY-95.6%	2.99B YoY+132.5%
Accounts receivable	9.59B YoY+6.4%	9.01B YoY+1.5%	8.88B YoY+9.0%	8.15B YoY+2.2%	7.98B YoY+10.5%
Inventory	2.69B YoY+5.2%	2.56B YoY-3.9%	2.66B YoY+13.8%	2.34B YoY+11.6%	2.10B YoY+1.0%
Other current assets	4.61B YoY-17.9%	5.62B YoY-4.9%	5.91B YoY+1.9%	5.79B YoY+19.9%	4.83B YoY+27.6%
	90.0B YoY-2.8%	92.6B YoY-2.7%	95.2B YoY-1.7%	96.8B YoY-11.4%	109B YoY-7.7%
Property, plant & equipment	7.54B YoY+5.7%	7.14B YoY+7.4%	6.65B YoY+6.3%	6.25B YoY+3.4%	6.05B YoY+2.8%
Operating lease right-of-use	1.58B YoY+29.2%	1.22B YoY-11.9%	1.39B YoY+13.9%	1.22B YoY+32.8%	919M YoY+7.0%
Goodwill	21.8B YoY+0.2%	21.7B YoY+2.6%	21.2B YoY+0.1%	21.1B YoY+3.2%	20.5B YoY-0.2%
Intangible assets	19.1B YoY-18.0%	23.3B YoY-13.9%	27.1B YoY-24.5%	35.9B YoY-15.7%	42.5B YoY-20.1%
Long-term investments	—	—	—	—	0.00 YoY-100.0%
Deferred tax assets	5.38B YoY+27.0%	4.24B YoY+53.0%	2.77B YoY+106.0%	1.34B YoY-6.6%	1.44B YoY+23.9%
Other non-current assets	6.47B YoY+6.0%	6.11B YoY+13.7%	5.37B YoY+8.7%	4.94B YoY-10.7%	5.54B YoY-21.1%
	23.4B YoY-1.5%	23.8B YoY+6.8%	22.3B YoY+1.7%	21.9B YoY+0.1%	21.9B YoY+14.6%
Accounts payable	3.58B YoY-0.7%	3.60B YoY+10.5%	3.26B YoY+7.2%	3.04B YoY+3.1%	2.95B YoY+8.7%
Short-term & current debt	1.98B YoY+8.2%	1.83B YoY-36.4%	2.87B YoY-26.3%	3.90B YoY-18.2%	4.76B YoY+138.2%
Current lease liability	202M YoY+11.6%	181M YoY+11.7%	162M YoY+19.1%	136M YoY-19.5%	169M YoY+3.0%
Other current liabilities	17.6B YoY-3.0%	18.1B YoY+14.1%	15.9B YoY+8.9%	14.6B YoY+4.4%	14.0B YoY-0.4%
	71.5B YoY-6.1%	76.2B YoY+16.1%	65.7B YoY-0.0%	65.7B YoY-10.4%	73.3B YoY-9.0%
Long-term debt	42.9B YoY-10.0%	47.6B YoY+29.9%	36.7B YoY+4.6%	35.1B YoY-11.5%	39.6B YoY-18.1%
Non-current lease liability	1.83B YoY+33.3%	1.37B YoY-10.5%	1.53B YoY+21.3%	1.26B YoY+44.3%	874M YoY+4.9%
Operating lease liability (total)	2.03B YoY+30.8%	1.55B YoY-8.3%	1.69B YoY+21.1%	1.40B YoY+33.9%	1.04B YoY+4.6%
Deferred tax liabilities	222M YoY-39.8%	369M YoY+9.2%	338M YoY-84.4%	2.17B YoY-51.9%	4.50B YoY-16.8%
Other non-current liabilities	5.04B YoY+12.8%	4.47B YoY-30.4%	6.42B YoY-2.6%	6.59B YoY-10.1%	7.33B YoY-5.7%
	18.5B YoY+13.1%	16.3B YoY-44.5%	29.4B YoY-5.3%	31.1B YoY-13.6%	35.9B YoY-5.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	—	—	—	292M YoY+0.0%	292M YoY+0.0%
Additional paid-in capital	46.4B YoY+0.8%	46.0B YoY+0.7%	45.7B YoY+1.1%	45.2B YoY+1.8%	44.4B YoY+0.1%
Retained earnings	16.9B YoY+13.3%	14.9B YoY-48.2%	28.8B YoY+12.8%	25.5B YoY+7.1%	23.8B YoY+11.9%
Treasury stock	43.6B YoY-0.2%	43.7B YoY-0.3%	43.8B YoY+13.3%	38.6B YoY+23.5%	31.3B YoY+19.1%
Accumulated other comprehensive income	-1.52B YoY-23.1%	-1.24B YoY+19.9%	-1.55B YoY-20.7%	-1.28B YoY-1.0%	-1.27B YoY+31.0%
Non-controlling interest	33.0M YoY-37.7%	53.0M YoY-3.6%	55.0M YoY-3.5%	57.0M YoY-5.0%	60.0M YoY+0.0%
Total equity incl. non-controlling	18.5B YoY+12.9%	16.4B YoY-44.4%	29.5B YoY-5.2%	31.1B YoY-13.6%	36.0B YoY-5.0%
Total liabilities & equity	90.0B YoY-2.8%	92.6B YoY-2.7%	95.2B YoY-1.7%	96.8B YoY-11.4%	109B YoY-7.7%
	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%
	2.04B YoY+0.4%	2.03B YoY+0.4%	2.02B YoY-3.6%	2.10B YoY-3.7%	2.18B YoY-2.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	14.2B YoY-6.8%	15.2B YoY+9.6%	13.9B YoY+6.1%	13.1B YoY-19.4%	16.2B YoY+15.3%
Depreciation & amortization	4.01B YoY-58.2%	9.60B YoY-1.6%	9.76B YoY-5.0%	10.3B YoY-3.8%	10.7B YoY+2.9%
Intangible amortization	3.50B YoY-61.1%	9.00B YoY-2.2%	9.20B YoY-5.2%	9.70B YoY-4.9%	10.2B YoY+3.0%
Share-based compensation	553M YoY+9.1%	507M YoY-2.1%	518M YoY+13.3%	457M YoY-21.6%	583M YoY-25.2%
Deferred income taxes	-965M YoY+53.8%	-2.09B YoY+36.5%	-3.29B YoY-20.1%	-2.74B YoY-96.6%	-1.39B YoY-241.7%
Change in inventory	184M YoY-62.1%	486M YoY-35.3%	751M YoY+988.4%	69.0M YoY+630.8%	-13.0M YoY+99.5%
Change in payables	-2.00M YoY-101.1%	184M YoY-7.1%	198M YoY+81.7%	109M YoY-55.5%	245M YoY+30.3%
	-4.13B YoY+80.6%	-21.4B YoY-830.4%	-2.29B YoY-116.1%	-1.06B YoY-97.4%	-538M YoY+95.0%
Capital expenditure	1.31B YoY+5.0%	1.25B YoY+3.2%	1.21B YoY+8.1%	1.12B YoY+14.9%	973M YoY+29.2%
Free cash flow	12.8B YoY-7.9%	13.9B YoY+10.2%	12.7B YoY+5.9%	11.9B YoY-21.6%	15.2B YoY+14.5%
Acquisitions	3.94B YoY-81.9%	21.8B YoY+1766.6%	1.17B YoY-72.7%	4.29B YoY+166.2%	1.61B YoY-87.7%
	-10.3B YoY-301.8%	5.13B YoY+154.4%	-9.42B YoY+44.5%	-17.0B YoY-4.5%	-16.2B YoY-1309.6%
Long-term debt issued	5.74B YoY-55.4%	12.9B YoY+189.2%	4.46B YoY-24.8%	5.93B	0.00 YoY-100.0%
Long-term debt repaid	10.9B YoY+280.8%	2.87B YoY-25.9%	3.88B YoY-66.1%	11.4B YoY+89.8%	6.02B YoY+119.0%
Net short-term debt	—	—	-120M YoY-161.9%	194M YoY+221.3%	-160M YoY+40.1%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00 YoY-100.0%	5.16B YoY-35.6%	8.00B YoY+27.3%	6.29B YoY+306.7%
Dividends paid	5.04B YoY+3.7%	4.86B YoY+2.5%	4.74B YoY+2.4%	4.63B YoY+5.4%	4.40B YoY+7.9%
Other financing activities	—	—	27.0M YoY-97.3%	984M YoY+53.5%	641M YoY+18.3%
FX effect on cash	195M YoY+242.3%	-137M YoY-404.4%	45.0M YoY+236.4%	-33.0M YoY+67.6%	-102M YoY-191.9%
Net change in cash	-129M YoY+89.0%	-1.17B YoY-153.4%	2.19B YoY+144.0%	-4.99B YoY-659.7%	-657M YoY-130.5%
Interest paid	2.10B YoY+16.7%	1.80B YoY+50.0%	1.20B YoY-14.3%	1.40B YoY-6.7%	1.50B YoY-6.3%
Income taxes paid	3.26B YoY-16.3%	3.90B YoY-9.3%	4.30B YoY-20.4%	5.40B YoY+54.3%	3.50B YoY+2.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	110B YoY-4.3%	115B YoY+9.9%	104B YoY-31.8%	153B YoY+12.6%	136B YoY+2.0%
P/E	15.6×	—	12.6× YoY-45.0%	22.9× YoY+17.9%	19.4×
P/S	2.3× YoY-4.1%	2.4× YoY+2.3%	2.3× YoY-29.0%	3.3× YoY+11.7%	2.9× YoY-6.5%
P/B	5.9× YoY-15.4%	7.0× YoY+95.2%	3.6× YoY-23.1%	4.7× YoY+23.8%	3.8× YoY+7.4%
P/FCF	8.6× YoY+3.9%	8.2× YoY-7.8%	8.9× YoY-25.7%	12.0× YoY+34.8%	8.9× YoY-10.9%
	6.4%	—	7.9% YoY+81.8%	4.4% YoY-15.2%	5.1%
	11.7% YoY-3.7%	12.1% YoY+8.5%	11.2% YoY+34.6%	8.3% YoY-25.8%	11.2% YoY+12.3%
	4.6% YoY+7.9%	4.3% YoY-5.0%	4.5% YoY+47.9%	3.0% YoY-5.6%	3.2% YoY+8.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BMY's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BMY filings on SEC EDGAR → Not investment advice.