Becton, Dickinson and Company stock research
FY2026 Q2
Becton, Dickinson and (BDX) Gross Margin — Quarter Ended Mar 31, 2026
Revenue decreased compared to the prior quarter, while gross profit and cost of revenue also declined, resulting in a slightly lower gross margin. Versus the same quarter last year, revenue and gross profit increased, cost of revenue was slightly lower, and gross margin improved.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q2
Revenue decreased compared to the prior quarter, while gross profit and cost of revenue also declined, resulting in a slightly lower gross margin. Versus the same quarter last year, revenue and gross profit increased, cost of revenue was slightly lower, and gross margin improved.
- The gross margin improved compared to the same quarter last year, driven by a larger increase in gross profit relative to the increase in revenue. The cost of revenue remained nearly unchanged year over year, supporting the margin expansion.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was slightly lower, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.7%
Gross profit
$2.2B
Revenue
$4.7B
Cost of revenue
$2.6B
Quarter-over-quarter change
-0.2 pts
Year-over-year change
+4.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $5.5B | $2.6B | $2.9B | 47.8% |
| Sep 30, 2025 | $5.9B | $2.8B | $3.1B | 47.5% |
| Dec 31, 2025 | $5.3B | $2.4B | $2.8B | 45.9% |
| Mar 31, 2026 | $4.7B | $2.2B | $2.6B | 45.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.2 pts
Year-over-year change
Mar 31, 2025
+4.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved compared to the same quarter last year, driven by a larger increase in gross profit relative to the increase in revenue. The cost of revenue remained nearly unchanged year over year, supporting the margin expansion.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was slightly lower, and gross margin improved.
Monitor the trend in cost of revenue, which remained nearly flat year over year despite higher revenue, as any future increase could pressure gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Becton, Dickinson and Company (BDX) | 45.7% |