Boston Scientific Corporation stock research
FY2025 Q3
Boston Scientific (BSX) Gross Margin — Quarter Ended Sep 30, 2025
Revenue was unchanged sequentially while gross profit increased slightly and cost of revenue decreased, resulting in an improved gross margin. Compared with the same quarter a year ago, revenue and gross profit were higher and cost of revenue was higher, with gross margin slightly improved.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue was unchanged sequentially while gross profit increased slightly and cost of revenue decreased, resulting in an improved gross margin. Compared with the same quarter a year ago, revenue and gross profit were higher and cost of revenue was higher, with gross margin slightly improved.
- Revenue increased sequentially with gross profit growing faster than cost of revenue. Year-over-year, revenue and gross profit rose at a comparable pace, with gross margin slightly higher.
- Gross margin improved from the immediately preceding quarter and was higher than the same quarter one year earlier. Revenue was unchanged sequentially but grew versus the prior year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
69.9%
Gross profit
$3.5B
Revenue
$5.1B
Cost of revenue
$1.5B
Quarter-over-quarter change
+2.3 pts
Year-over-year change
+1.1 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2025 | $5.1B | $3.5B | $1.5B | 69.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+2.3 pts
Year-over-year change
Sep 30, 2024
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Revenue increased sequentially with gross profit growing faster than cost of revenue. Year-over-year, revenue and gross profit rose at a comparable pace, with gross margin slightly higher.
Gross margin improved from the immediately preceding quarter and was higher than the same quarter one year earlier. Revenue was unchanged sequentially but grew versus the prior year.
Gross margin increased sequentially due to a decrease in cost of revenue while revenue was stable.