Danaher Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	24,568	23,875	23,890	26,643	24,802
Revenue Growth (YoY)	2.90%	-0.06%	-10.33%	7.42%	11.30%
Cost of Revenue	10,016	9,644	9,842	10,455	9,459
Gross Profit	14,552	14,231	14,048	16,188	15,343
Selling, General & Admin	7,566	7,450	7,245	7,080	6,763
Research & Development	1,598	1,584	1,503	1,528	1,498
Operating Expenses	9,164	9,034	8,748	8,608	8,261
Operating Income	5,388	5,197	5,300	7,580	7,082
Interest Expense	-265	-278	-286	-204	-231
Interest & Investment Income	30	117	303	41	11
EBT Excluding Unusual Items	5,153	5,036	5,317	7,417	6,862
Merger & Restructuring Charges	-533	-290	-	-	-104
Gain (Loss) on Sale of Investments	-248	-57	-182	-271	401
Gain (Loss) on Sale of Assets	20	-	-	-	5
Asset Writedown	-159	-43	-91	-	-10
Legal Settlements	-	-	-	-	-547
Other Unusual Items	-	-	-	-	-96
Pretax Income	4,233	4,646	5,044	7,146	6,511
Income Tax Expense	633	747	823	818	1,064
Earnings From Continuing Operations	3,600	3,899	4,221	6,328	5,447
Earnings From Discontinued Operations	14	-	543	881	986
Net Income	3,614	3,899	4,764	7,209	6,433
Preferred Dividends & Other Adjustments	-	-	21	106	164
Net Income to Common	3,614	3,899	4,743	7,103	6,269
Net Income Growth	-7.31%	-18.16%	-33.92%	12.06%	76.44%
Shares Outstanding (Basic)	713	731	737	725	715
Shares Outstanding (Diluted)	716	737	743	737	737
Shares Change (YoY)	-2.86%	-0.79%	0.81%	0.04%	2.52%
EPS (Basic)	5.07	5.33	6.44	9.80	8.77
EPS (Diluted)	5.05	5.29	6.38	9.66	8.61
EPS Growth	-4.54%	-17.09%	-33.97%	12.18%	76.33%
Free Cash Flow	5,260	5,296	5,781	7,401	7,118
Free Cash Flow Per Share	7.34	7.18	7.78	10.04	9.66
Dividend Per Share	1.280	1.080	1.050	1.000	0.840
Dividend Growth	18.52%	2.86%	5.00%	19.05%	16.67%
Gross Margin	59.23%	59.61%	58.80%	60.76%	61.86%
Operating Margin	21.93%	21.77%	22.18%	28.45%	28.55%
Profit Margin	14.71%	16.33%	19.85%	26.66%	25.28%
Free Cash Flow Margin	21.41%	22.18%	24.20%	27.78%	28.70%
EBITDA	7,835	7,549	7,466	9,712	9,144
EBITDA Margin	31.89%	31.62%	31.25%	36.45%	36.87%
D&A For EBITDA	2,447	2,352	2,166	2,132	2,062
EBIT	5,388	5,197	5,300	7,580	7,082
EBIT Margin	21.93%	21.77%	22.18%	28.45%	28.55%
Effective Tax Rate	14.95%	16.08%	16.32%	11.45%	16.34%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.