Bayer Aktiengesellschaft Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	45,242	45,575	46,606	47,637	50,739	44,081
Revenue Growth (YoY)	-2.87%	-2.21%	-2.16%	-6.11%	15.10%	6.48%
Cost of Revenue	18,404	18,797	21,270	19,749	19,871	16,816
Gross Profit	26,838	26,778	25,336	27,888	30,868	27,265
Selling, General & Admin	14,698	14,709	15,938	14,935	16,922	15,325
Research & Development	5,730	5,769	6,209	5,371	6,572	5,412
Other Operating Expenses	6,283	7,377	3,260	6,970	362	3,175
Total Operating Expenses	26,711	27,855	25,407	27,276	23,856	23,912
Operating Income	127	-1,077	-71	612	7,012	3,353
Interest Income	514	463	413	439	300	526
Interest Expense	-2,611	-2,515	-2,676	-2,672	-2,642	-1,882
Other Non-Operating Income (Expense)	-	-	-	-	-	49
Total Non-Operating Income (Expense)	-2,097	-2,052	-2,263	-2,233	-2,342	-1,307
Pretax Income	-1,970	-3,129	-2,334	-1,621	4,670	2,046
Provision for Income Taxes	162	466	212	1,321	504	1,024
Net Income	-2,156	-3,620	-2,552	-2,941	4,150	1,000
Minority Interest in Earnings	24	25	6	-1	16	22
Net Income to Common	-2,156	-3,620	-2,552	-2,941	4,150	1,000
Net Income Growth	-	-	-	-	315.00%	-
Shares Outstanding (Basic)	982	982	982	982	982	982
Shares Outstanding (Diluted)	982	982	982	982	982	982
EPS (Basic)	-2.19	-3.68	-2.60	-2.99	4.22	1.02
EPS (Diluted)	-2.19	-3.68	-2.60	-2.99	4.22	1.02
EPS Growth	-	-	-	-	313.72%	-
Shares Outstanding	982.42	982.42	982.42	982.42	982.42	982.42
Free Cash Flow	2,641	3,443	4,590	2,366	4,144	2,478
Free Cash Flow Growth	-23.29%	-24.99%	94.00%	-42.91%	67.23%	-0.28%
Free Cash Flow Per Share	2.69	3.50	4.67	2.41	4.22	2.52
Dividends Per Share	0.110	0.110	0.110	0.110	2.400	2.000
Dividend Growth	-	-	-	-95.42%	20.00%	-
Gross Margin	59.32%	58.76%	54.36%	58.54%	60.84%	61.85%
Operating Margin	0.28%	-2.36%	-0.15%	1.28%	13.82%	7.61%
Profit Margin	-4.71%	-7.89%	-5.46%	-6.18%	8.21%	2.32%
FCF Margin	5.84%	7.55%	9.85%	4.97%	8.17%	5.62%
EBITDA	2,992	1,708	8,712	10,632	13,515	6,409
EBITDA Margin	6.61%	3.75%	18.69%	22.32%	26.64%	14.54%
EBIT	127	-1,077	-71	612	7,012	3,353
EBIT Margin	0.28%	-2.36%	-0.15%	1.28%	13.82%	7.61%
Effective Tax Rate	-8.22%	-14.89%	-9.08%	-81.49%	10.79%	50.05%

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.