NYSE$BMY
Bristol-Myers Squibb Co · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported strong topline growth driven by key products and pipeline advancements, achieved U.S. approval of Cobenfy, and expanded strategic productivity initiative.
Bristol Myers Squibb reported Q4 2024 revenues of $12.3 billion, an 8% increase year-over-year, driven by the Growth Portfolio and higher demand for Eliquis. GAAP EPS was $0.04, and Non-GAAP EPS was $1.67. The company is expanding its strategic productivity initiative to deliver ~$2 billion in additional cost savings by the end of 2027 and provides 2025 guidance with revenues of ~$45.5 billion and Non-GAAP EPS range of $6.55 to $6.85.
- Fourth Quarter Revenues were $12.3 Billion, Increasing 8% (+9% Adjusting for Foreign Exchange); GAAP Earnings Per Share (EPS) was $0.04 and Non-GAAP EPS was $1.67
- Growth Portfolio Revenues were $6.4 Billion, Increasing 21% (+23% Adjusting for Foreign Exchange)
- Achieved Multiple Clinical and Regulatory Milestones in the Fourth Quarter, Including U.S. Approval of Opdivo Qvantig and the U.S. Launch of Cobenfy
- Expands Strategic Productivity Initiative to Deliver ~$2 Billion in Additional Cost Savings by the End of 2027
Headline financials
Revenue & EPS history
Bristol-Myers Squibb · Revenue · Quarterly
$12.3B
Forward guidance
Bristol Myers Squibb estimates total revenues to be approximately $45.5 billion and Diluted EPS between $6.55 and $6.85 for 2025.
Tailwinds
- Total revenues to be approximately $45.5 billion
- Reflects the near-term impact of generics across Revlimid, Pomalyst, Sprycel and Abraxane
- Expects revenue decline of approximately 18-20% of the Legacy Portfolio
- Partially offset by the continued strength of our Growth Portfolio
- Tax Rate ~18%
Headwinds
- Approximate $500 million expected negative impact to revenue due to foreign exchange
- Gross Margin %~72%
- Operating Expenses~$16 billion
- Other Income/(Expense)~$30 million
- Excludes the impact of any potential future strategic acquisitions
- Excludes divestitures, specified items that have not yet been identified and quantified
- Excludes the impact of future Acquired IPRD charges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.9%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+8.2%
Q2 2024
Best reaction
-9.9%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.1% | -0.7% | |
| Q4 2025 | +3.3% | +5.6% | +4.6% | |
| Q3 2025 | +7.1% | +7.0% | +15.5% | |
| Q2 2025 | -5.8% | -0.3% | +2.6% | |
| Q1 2025 | +0.4% | +1.4% | -3.5% | |
| Q4 2024 | -3.8% | -6.3% | +2.3% | |
| Q3 2024 | +3.2% | +6.2% | +12.5% | |
| Q2 2024 | +8.2% | +5.1% | +6.3% | |
| Q1 2024 | -8.2% | -10.1% | -15.6% | |
| Q4 2023 | -1.4% | -0.1% | +4.6% | |
| Q3 2023 | -9.9% | -9.0% | -12.1% | |
| Q2 2023 | -3.2% | -3.0% | -2.1% | |
| Q1 2023 | -1.8% | +0.1% | -6.2% | |
| Q4 2022 | +4.5% | +4.6% | -2.7% | |
| Q3 2022 | +2.0% | +5.3% | +8.4% | |
| Q2 2022 | +1.5% | -0.0% | -3.3% | |
| Q1 2022 | -2.7% | -1.2% | -1.4% | |
| Q4 2021 | +3.3% | +4.8% | +8.3% | |
| Q3 2021 | -1.9% | +0.8% | -2.9% | |
| Q2 2021 | +1.0% | +0.8% | -1.3% | |
| Q1 2021 | -5.5% | -3.2% | -0.5% | |
| Q4 2020 | -1.8% | -3.7% | -2.6% | |
| Q3 2020 | -2.5% | -1.4% | -4.8% | |
| Q2 2020 | +2.2% | +5.8% | +0.4% | |
| Q1 2020 | -0.1% | +3.6% | +0.3% | |
| Q4 2019 | +1.0% | +2.1% | -8.1% | |
| Q3 2019 | +0.5% | -0.8% | +0.1% | |
| Q2 2019 | +5.0% | +3.1% | +7.7% | |
| Q1 2019 | +2.8% | +4.1% | +4.9% | |
| Q4 2018 | -2.1% | -3.3% | +2.0% | |
| Q3 2018 | +3.3% | +2.4% | +8.4% | |
| Q2 2018 | -3.6% | -0.5% | +1.6% | |
| Q1 2018 | +1.0% | +1.8% | +2.0% | |
| Q4 2017 | -4.1% | -1.2% | +4.1% | |
| Q3 2017 | -6.3% | -3.7% | -4.0% | |
| Q2 2017 | -1.3% | +0.2% | +4.3% | |
| Q1 2017 | +4.2% | +4.1% | +0.4% | |
| Q4 2016 | -3.7% | -0.8% | +13.9% | |
| Q3 2016 | +3.5% | +3.1% | +15.6% | |
| Q2 2016 | -2.2% | -1.9% | -23.1% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -4.9% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | -1.8% | — | — | |
| Q3 2014 | +2.0% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | -7.8% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | +5.1% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | -0.0% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q4 2007 | -1.5% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2009 | +4.0% | — | — | |
| Q1 2010 | +0.7% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2008 | -2.0% | — | — | |
| Q3 2009 | -2.0% | — | — | |
| Q4 2008 | +5.5% | — | — | |
| Q2 2008 | +5.5% | — | — | |
| Q2 2009 | +5.5% | — | — |
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