Boston Scientific Corporation stock research
FY2025 Q2
Boston Scientific (BSX) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin weakened slightly from the prior quarter and from the year-ago quarter, indicating that cost of revenue grew at a faster pace than revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin weakened slightly from the prior quarter and from the year-ago quarter, indicating that cost of revenue grew at a faster pace than revenue.
- The strongest observable margin driver is the relationship between revenue growth and cost of revenue growth. Revenue increased from the prior quarter and from the year-ago quarter, but cost of revenue increased at a higher rate, causing gross margin to weaken.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, but gross margin was lower. Compared to the same quarter one year earlier, revenue and gross profit were higher, while gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.7%
Gross profit
$3.4B
Revenue
$5.1B
Cost of revenue
$1.6B
Quarter-over-quarter change
-1.2 pts
Year-over-year change
-1.5 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $4.2B | $2.9B | $1.3B | 68.8% |
| Dec 31, 2024 | $4.6B | $3.1B | $1.5B | 67.9% |
| Mar 31, 2025 | $4.7B | $3.2B | $1.5B | 68.8% |
| Jun 30, 2025 | $5.1B | $3.4B | $1.6B | 67.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-1.2 pts
Year-over-year change
Jun 30, 2024
-1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue growth and cost of revenue growth. Revenue increased from the prior quarter and from the year-ago quarter, but cost of revenue increased at a higher rate, causing gross margin to weaken.
Compared to the immediately preceding quarter, revenue and gross profit were higher, but gross margin was lower. Compared to the same quarter one year earlier, revenue and gross profit were higher, while gross margin was lower.
Monitor the trend in cost of revenue relative to revenue, as its faster growth is pressuring gross margin.