BXP financial statements

The full income statement, balance sheet, and cash-flow statement for BXP, Inc. (BXP), 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.

PeriodRangeOrderChangeYoYQoQAs-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	3.48B YoY+2.2%	3.41B YoY+4.1%	3.27B YoY+5.3%	3.11B YoY+7.6%	2.89B YoY+4.4%
Gross profit	2.06B YoY+0.9%	2.04B YoY+2.1%	2.00B YoY+3.6%	1.93B YoY+6.4%	1.81B YoY+7.1%
Selling, general & administrative	169M YoY+5.5%	160M YoY-6.0%	170M YoY+16.2%	146M YoY-3.4%	152M YoY+13.9%
General & administrative	169M YoY+5.5%	160M YoY-6.0%	170M YoY+16.2%	146M YoY-3.4%	152M YoY+13.9%
Provision for credit losses	-1.13M YoY-1552.6%	78.0K YoY-79.1%	373K YoY+266.5%	-224K YoY+81.4%	-1.21M YoY-165.3%
Interest expense	653M YoY+1.2%	645M YoY+11.3%	580M YoY+32.6%	437M YoY+3.3%	423M YoY-1.9%
Equity-method income	-104M YoY+69.8%	-343M YoY-43.3%	-240M YoY-300.3%	-59.8M YoY-2228.4%	-2.57M YoY+97.0%
	277M YoY+1839.5%	14.3M YoY-92.5%	190M YoY-77.6%	849M YoY+68.0%	505M YoY-42.1%
Net income to non-controlling interest	107M YoY+53.3%	69.9M YoY-30.9%	101M	—	—
Net income to common	277M YoY+1839.5%	14.3M YoY-92.5%	190M YoY-77.6%	849M YoY+71.1%	496M YoY-42.4%
	$1.74 YoY+1833.3%	$0.09 YoY-92.6%	$1.21 YoY-77.6%	$5.40 YoY+70.3%	$3.17 YoY-42.8%
EPS (basic)	$1.75 YoY+1844.4%	$0.09 YoY-92.6%	$1.21 YoY-77.7%	$5.42 YoY+70.4%	$3.18 YoY-42.7%
	158M YoY+0.5%	157M YoY+0.4%	157M YoY+0.1%	157M YoY+0.4%	156M YoY+0.4%
	159M YoY+0.7%	158M YoY+0.4%	157M YoY+0.0%	157M YoY+0.5%	156M YoY+0.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	1.48B YoY+17.8%	1.25B YoY-18.1%	1.53B YoY+121.8%	690M YoY+52.5%	453M YoY-72.9%
	26.2B YoY+0.3%	26.1B YoY+0.2%	26.0B YoY+7.5%	24.2B YoY+8.2%	22.4B YoY-2.2%
Operating lease right-of-use	326M YoY-2.7%	335M YoY+3.2%	324M YoY+93.8%	167M YoY-1.4%	170M YoY+16.0%
	18.5B YoY+1.9%	18.1B YoY+1.7%	17.8B YoY+12.6%	15.8B YoY+10.6%	14.3B YoY-1.3%
Long-term debt	—	—	—	—	3.30B YoY+12.6%
	5.15B YoY-4.9%	5.41B YoY-7.9%	5.88B YoY-4.2%	6.13B YoY+5.1%	5.83B YoY-2.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock	1.58M YoY+0.2%	1.58M YoY+0.8%	1.57M YoY+0.1%	1.57M YoY+0.2%	1.56M YoY+0.5%
Additional paid-in capital	6.84B YoY+0.0%	6.84B YoY+1.8%	6.72B YoY+2.7%	6.54B YoY+0.6%	6.50B YoY+2.2%
Retained earnings	-1.67B YoY-18.0%	-1.42B YoY-73.9%	-816M YoY-108.5%	-391M YoY+37.5%	-626M YoY-22.8%
Treasury stock	2.72M YoY+0.0%	2.72M YoY+0.0%	2.72M YoY+0.0%	2.72M YoY+0.0%	2.72M YoY+0.0%
Accumulated other comprehensive income	-12.9M YoY-523.6%	-2.07M YoY+90.2%	-21.1M YoY-54.2%	-13.7M YoY+62.6%	-36.7M YoY+26.5%
Total equity incl. non-controlling	7.68B YoY-3.2%	7.94B YoY-3.0%	8.18B YoY-2.2%	8.36B YoY+4.1%	8.03B YoY-3.7%
Total liabilities & equity	26.2B YoY+0.3%	26.1B YoY+0.2%	26.0B YoY+7.5%	24.2B YoY+8.2%	22.4B YoY-2.2%
	159M YoY+0.2%	158M YoY+0.8%	157M YoY+0.1%	157M YoY+0.1%	157M YoY+0.5%
	159M YoY+0.2%	158M YoY+0.8%	157M YoY+0.1%	157M YoY+0.1%	157M YoY+0.5%
	159M YoY+0.3%	158M YoY+0.8%	157M YoY+0.1%	157M YoY+0.1%	157M YoY+0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.25B YoY+0.9%	1.23B YoY-5.1%	1.30B YoY+1.5%	1.28B YoY+13.2%	1.13B YoY-2.0%
Depreciation & amortization	912M YoY+2.8%	887M YoY+6.8%	831M YoY+10.8%	750M YoY+4.5%	717M YoY+4.9%
Share-based compensation	44.3M YoY+0.9%	43.9M YoY-14.6%	51.5M YoY-1.1%	52.0M YoY+2.3%	50.9M YoY+15.2%
Change in receivables	-32.5M YoY-137.0%	-13.7M YoY-143.6%	31.5M YoY+312.9%	7.62M YoY+258.1%	-4.82M YoY+78.6%
	-645M YoY+47.9%	-1.24B YoY-3.7%	-1.19B YoY+25.5%	-1.60B YoY-54.1%	-1.04B YoY-69.5%
Capital expenditure	684M YoY+5.0%	651M YoY+23.8%	526M YoY+5.1%	500M YoY-2.6%	514M YoY+6.5%
Free cash flow	561M YoY-3.7%	583M YoY-24.8%	776M YoY-0.8%	782M YoY+26.3%	619M YoY-8.2%
Acquisitions	0.00 YoY+100.0%	-6.09M YoY-146.3%	13.2M	0.00	0.00
Other investing activities	3.54M YoY+41.5%	2.50M YoY+14.3%	2.19M	—	—
	-379M YoY-37.9%	-274M YoY-135.7%	768M YoY+38.1%	556M YoY+142.4%	-1.31B YoY-370.8%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	643M YoY-6.8%	690M YoY+0.3%	688M YoY+0.4%	685M YoY+0.2%	684M YoY-0.7%
Other financing activities	-43.6M	0.00	0.00	—	—
Net change in cash	222M YoY+180.1%	-277M YoY-131.7%	876M YoY+271.6%	236M YoY+119.3%	-1.22B YoY-218.6%
Interest paid	677M YoY+0.2%	676M YoY+22.0%	554M YoY+23.1%	450M YoY-3.3%	465M YoY+7.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	10.7B YoY-9.0%	11.8B YoY+6.8%	11.0B YoY+4.0%	10.6B YoY-41.3%	18.0B YoY+22.5%
P/E	38.7× YoY-95.3%	824.3× YoY+1338.4%	57.3× YoY+393.1%	11.6× YoY-67.5%	35.7× YoY+111.7%
P/S	3.1× YoY-11.0%	3.5× YoY+1.4%	3.4× YoY-2.0%	3.5× YoY-44.4%	6.2× YoY+17.3%
P/B	2.1× YoY-4.3%	2.2× YoY+14.2%	1.9× YoY+10.6%	1.7× YoY-44.4%	3.1× YoY+25.9%
P/FCF	19.1× YoY-5.5%	20.2× YoY+47.8%	13.7× YoY-4.4%	14.3× YoY-51.0%	29.1× YoY+33.4%
	2.6% YoY+2031.5%	0.12% YoY-93.0%	1.7% YoY-79.7%	8.6% YoY+207.4%	2.8% YoY-52.8%
	5.2% YoY+5.8%	5.0% YoY-32.3%	7.3% YoY+4.6%	7.0% YoY+104.1%	3.4% YoY-25.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BXP'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 BXP filings on SEC EDGAR → Not investment advice.