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How Bausch Health Companies (BHC) makes money

Bausch Health Companies (BHC) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Product sales brought in $2.9B (99%); Other revenues brought in $29.0M (1%). Of every dollar of revenue, 33¢ was left as operating profit, 15¢ was left as net earnings.

Drawing the Sankey…

Bausch Health Companies revenue by segment, Q3 2026Bausch Health Companies revenue by segment, Q3 2026Product sales$2.9BOther revenues$29.0M
Bausch Health Companies: revenue by line, Q1 2025 to Q3 2026Bausch Health Companies: revenue by line, Q1 2025 to Q3 2026Product salesOther revenuesPrice Appreciation Cr…Product sales: $2.9B latest$2.9BOther revenues: $29.0M latestPrice Appreciation Credit: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Bausch Health Companies revenue by quarterBausch Health Companies revenue by quarter$2.3BQ1 2025$2.5BQ2 2025$2.7BQ3 2025$2.8BQ4 2025$2.5BQ1 2026$2.9BQ2 2026$2.9BQ3 2026
Bausch Health Companies: where each dollar of revenue goesBausch Health Companies: where each dollar of revenue goesOperating profit33¢Income tax5¢Net earnings15¢Operating cash flow28¢Free cash flow25¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product sales$2.9B99.0%+3%+10%
Other revenues$29.0M1.0%+7%+21%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.9B100.0%
Operating profit$983M33.4%
Income tax$151M5.1%
Net earnings$436M14.8%
Operating cash flow$814M27.7%
Free cash flow$748M25.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.9B+10%
Q2 2026$2.9B+13%
Q1 2026$2.5B+12%
Q4 2025$2.8B+9%
Q3 2025$2.7B+7%
Q2 2025$2.5B+5%
Q1 2025$2.3B+5%

From Bausch Health Companies' 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Bausch Health Companies make money?

Bausch Health Companies (BHC) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Product sales brought in $2.9B (99%); Other revenues brought in $29.0M (1%). Of every dollar of revenue, 33¢ was left as operating profit, 15¢ was left as net earnings.

What is Bausch Health Companies' biggest business?

Product sales: $2.9B in the third quarter 2026, 99% of revenue, +10% from a year earlier.

What is Bausch Health Companies' profit margin?

Net earnings were $436M, 14.8% of revenue, in the third quarter 2026; the operating margin was 33.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.