How Boston Scientific makes money

Period

FY2025

How does Boston Scientific make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Boston Scientific Corporation · FY2025 · year ended 2025-12-31

Revenue$20.1BGross profit$13.9B · 69%Cost of revenue$6.2B · 31%Operating income$3.6B · 18%Operating expenses$10.2B · 51%R&D$2.1B · 10%SG&A$6.9B · 34%Other opex$1.3B · 6%Pre-tax income$3.4B · 17%Other expense$228M · 1%Net income$2.9B · 14%Income tax$493M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.