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Becton Dickinson (BDX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 9, 2026
Becton Dickinson (BDX) reported revenue of $5.3B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -11% from the quarter before. Operating margin was 10.5%, net earnings $382M (7.3% of revenue).
Becton Dickinson, Q1 FY26: revenue $5.3B (+2% year over year), operating margin 10.5%, net earnings $382M, operating cash flow $657M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | -11% | +2% |
| Operating profit | $552M | -21% | +22% |
| Net earnings | $382M | -23% | +26% |
| Operating cash flow | $657M | -51% | -5% |
| Free cash flow | $549M | -45% | -7% |
What changed
Revenue was $5.3B in Q1 FY26, up 2% year over year and down 11% from the previous quarter.
Operating profit was $0.55B, a 10.5% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 118% reached operating profit, above the 9% margin then. Total costs fell 0% while revenue rose 2%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $0.38B, up 26% year over year. The effective tax rate was 2.8%.
Operating cash flow was $0.66B (down 5% year over year), 172% of net earnings. Non-cash charges added back $0.61B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.11B left free cash flow of $0.55B.
Questions
What was Becton Dickinson's revenue in the first quarter fiscal 2026?
Becton Dickinson (BDX) reported revenue of $5.3B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -11% from the quarter before.
Was Becton Dickinson profitable in the first quarter fiscal 2026?
Operating profit was $552M (10.5% of revenue) and net earnings $382M.
Source: Becton Dickinson 10-Q on SEC EDGAR.