BMY · NYSE · Drug Manufacturers - General

Bristol-Myers Squibb (BMY)

Develops medicines for cancer, blood disorders, immunology, cardiovascular disease and neuroscience.

$62.74
vs last close+0.12 (+0.18%)
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Bristol-Myers Squibb CompanyBMY
Health Care

Develops and commercializes prescription medicines across oncology, hematology, immunology, cardiovascular disease and neuroscience, led by Eliquis and Opdivo. Most revenue comes from the United States, while growth depends on launches and licensed or acquired assets replacing products exposed to patent expiry and generic or biosimilar competition.

Discovers, develops, licenses, manufactures and sells prescription medicines across oncology, hematology, immunology, cardiovascular disease and neuroscience. The portfolio spans small molecules and biologics, including Opdivo and Yervoy in cancer, Eliquis in cardiovascular care, Orencia and Sotyktu in immunology, Cobenfy in neuroscience, and the CAR-T therapies Breyanzi and Abecma.

Commercial scale, specialist sales teams and dedicated manufacturing for biologics and cell therapies support launches worldwide; the United States supplies most revenue. Business development remains integral, from acquired products and platforms to collaborations such as the Eliquis alliance with Pfizer.

Operates as one biopharmaceutical segment. Revenue depends heavily on a few medicines, while patent expirations, generic and biosimilar entry, regulatory approval, government pricing and reimbursement, and specialized manufacturing govern the portfolio’s economics.

Company facts

CEOChristopher S. Boerner
ListedJun 1, 1972
ExchangeNYSE
HeadquartersPrinceton, NJ
CountryUnited States
Employees32,500
CIK0000014272
ISINUS1101221083

Market cap$127.91B
EPS (ttm)$4.54
P/E (ttm)13.79
ROE46.8%
P/B5.73
P/S2.60
Dividend yieldDiv yield4.01%
Beta0.28vs XLV 1.04

Price target$70.00+11.8%Average of 42 analysts
ConsensusBuy20 of 42 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 16, 2026Piper SandlerReiterate
Rating: Target: $75
Rating: OverweightTarget: $82
Sep 10, 2026HSBCReiterate
Rating: Target: $53
Rating: HoldTarget: $65
Aug 5, 2026Raymond JamesInitiate
Rating:
Rating: Strong Buy
Aug 5, 2026Roth CapitalInitiate
Rating: Target:
Rating: BuyTarget: $75
Aug 5, 2026UBSDowngrade
Rating: Buy
Rating: Neutral

Next report
Oct 29, 26
in 37 days
EPS estimate
$1.68
Revenue estimate
$12.62B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.67$1.80$1.46$1.63$1.26$1.58$2.04Pending
Estimate$1.47$1.49$1.09$1.52$1.23$1.42$1.60$1.68
Surprise+13.6%+20.8%+33.9%+7.2%+2.4%+11.3%+27.5%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$12.34B$11.20B$12.27B$12.22B$12.50B$11.49B$12.97BPending
Estimate$11.57B$10.70B$11.44B$11.85B$12.28B$10.93B$11.74B$12.62B
Surprise+6.7%+4.7%+7.2%+3.1%+1.8%+5.1%+10.5%
Estimate$1.68
ReportedDue Oct 29, 2026
Estimate$12.62B
ReportedDue Oct 29, 2026
View details

Debt to equity193.20%
Current ratio153.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$11.89B$12.34B$11.20B$12.27B$12.22B$12.50B$11.49B$12.97B
Net income$1.21B$72.0M$2.46B$1.31B$2.20B$1.09B$2.68B$3.32B
Net margin10.2%0.6%21.9%10.7%18.0%8.7%23.3%25.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$2.29B$2.53B$3.50B$3.77B$3.64B$2.81B$3.37B$4.09B
YoY growth+8.7%+29.7%+127.8%+46.1%+59.0%+11.1%−3.8%+8.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $11.07B · Total debt $43.12B · Total assets $87.63B · Shareholders' equity $22.32B

Revenue
$12.97B
Operating income
$4.09B
Net income
$3.32B
View details

Dividend yield
4.01%
Next ex-date
Oct 2, 26
in 10 days
Annual dividend
$2.51
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.62$0.62$0.62$0.62$0.63$0.63$0.63$0.63
Annual yield4.28%4.41%5.24%5.46%4.66%4.19%4.32%4.02%
Ex-dateJan 3Apr 4Jul 3Oct 3Jan 2Apr 2Jul 2Oct 2
Payment dateFeb 3May 1Aug 1Nov 3Feb 2May 1Aug 3Nov 2
View details

Institutions85.35%1.74B shares
2,621 holders · as of Jun 30, 2026
Insiders0.05%977.8K shares
16 holders · as of Sep 10, 2026
Other14.60%298.36M shares
remainder

2.04B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
8.83%180.38Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.53%133.34Mas of Jun 30, 2026
State Street CorpInstitution
5.01%102.41Mas of Jun 30, 2026
JPMorgan Chase & CoInstitution
3.51%71.71Mas of Jun 30, 2026
Charles Schwab Investment Management IncInstitution
3.31%67.60Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 9, 2026Cristian Massacesiofficer: EVP,Chief Med Offr,Head of Dev−6,249$64.57
Aug 25, 2026Phil M. Holzerofficer: SVP and Controller−500$67.50
Apr 1, 2026David V. Elkinsofficer: EVP, Chief Financial Officer−30,000$61.67
View details

  • Merck

    PD-1 arch-rival; Keytruda vs Opdivo across all major solid-tumor indications.

  • Johnson & Johnson

    Darzalex dominates myeloma; Carvykti leads Abecma in BCMA CAR-T market share.

  • AbbVie

    Rinvoq/Skyrizi vs Orencia/Sotyktu; Imbruvica/Venclexta vs BMS hematology.

  • Pfizer

    Alliance partner on Eliquis; broader oncology and cardiovascular rival.

  • Novartis (ADR)

    RLT leader (Pluvicto vs RayzeBio); Kymriah vs Breyanzi in CD19 CAR-T.

  • AstraZeneca (ADR)

    Oncology rival in NSCLC (Tagrisso, Imfinzi) and expanding ADC pipeline.

  • Amgen

    Lumakras vs Krazati in KRAS G12C; Otezla acquirer; Kyprolis + Enbrel peer.

  • Gilead Sciences

    Yescarta + Tecartus vs Breyanzi in CD19 CAR-T; anito-cel vs Abecma coming.

Compare

CompanyPriceChange
Bristol-Myers Squibb$62.74+0.18%$127.91B13.89.82.6+5.7%
Merck$151.67+1.45%$369.24B119.617.65.6+5.1%
Johnson & Johnson$268.29−0.44%$649.40B31.222.66.6+6.6%
AbbVie$265.12+0.24%$467.37B74.517.47.3+10.2%
Pfizer$27.89+0.52%$158.10B36.710.02.5+2.6%
Novartis (ADR)$141.27+0.21%$267.96B21.315.04.8+0.9%
AstraZeneca (ADR)$168.48+0.23%$260.70B25.215.84.2+6.4%
Amgen$409.01+4.03%$212.19B24.417.45.6+9.7%
Gilead Sciences$152.80+1.49%$186.93B16.86.1+10.2%
Median31.217.15.6+6.5%