DANAHER CORP /DE/
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DHR Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 5,951 | 5,741 | +3.7% |
Show Product Lines breakouts |
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| Nonrecurring revenue | 920 | 925 | -0.5% |
| Nonrecurring revenue · Biotechnology | 155 | 155 | 0.0% |
| Nonrecurring revenue · Diagnostics | 231 | 226 | +2.2% |
| Nonrecurring revenue · Life Sciences | 534 | 544 | -1.8% |
| Recurring revenue | 5,031 | 4,816 | +4.5% |
| Recurring revenue · Biotechnology | 1,642 | 1,457 | +12.7% |
| Recurring revenue · Diagnostics | 2,186 | 2,223 | -1.7% |
| Recurring revenue · Life Sciences | 1,203 | 1,136 | +5.9% |
Show Business Segments breakouts |
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| Biotechnology · High-growth markets | 490 | 439 | +11.6% |
| Biotechnology · North America | 524 | 543 | -3.5% |
| Biotechnology · Operating Segments | 1,797 | 1,612 | +11.5% |
| Biotechnology · Other developed markets | 57 | 64 | -10.9% |
| Biotechnology · Western Europe | 726 | 566 | +28.3% |
| Diagnostics · High-growth markets | 635 | 640 | -0.8% |
| Diagnostics · North America | 1,265 | 1,318 | -4.0% |
| Diagnostics · Operating Segments | 2,417 | 2,449 | -1.3% |
| Diagnostics · Other developed markets | 86 | 91 | -5.5% |
| Diagnostics · Western Europe | 431 | 400 | +7.8% |
| Life Sciences · High-growth markets | 499 | 458 | +9.0% |
| Life Sciences · North America | 689 | 721 | -4.4% |
| Life Sciences · Operating Segments | 1,737 | 1,680 | +3.4% |
| Life Sciences · Other developed markets | 141 | 123 | +14.6% |
| Life Sciences · Western Europe | 408 | 378 | +7.9% |
Show Geography breakouts |
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| High-growth markets | 1,624 | 1,537 | +5.7% |
| North America | 2,478 | 2,582 | -4.0% |
| Other developed markets | 284 | 278 | +2.2% |
| Western Europe | 1,565 | 1,344 | +16.4% |
Show Consolidation Items breakouts |
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| Operating Segments | 5,951 | 5,741 | +3.7% |
| Cost of Revenue | -2,360 | -2,230 | -5.8% |
| Gross Profit | 3,591 | 3,511 | +2.3% |
| Selling, General & Administrative | -1,860 | -1,858 | -0.1% |
| Research & Development | -387 | -379 | -2.1% |
| Operating Income | 1,344 | 1,274 | +5.5% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 534 | 441 | +21.1% |
| Diagnostics · Operating Segments | 674 | 718 | -6.1% |
| Life Sciences · Operating Segments | 225 | 201 | +11.9% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -89 | -86 | -3.5% |
| Operating Segments | 1,433 | 1,360 | +5.4% |
| Other Non-Operating Income (Expense) | -73 | -79 | +7.6% |
| Interest Expense | -63 | -72 | +12.5% |
| Interest Income | 27 | 6 | +350.0% |
| Income Before Taxes | 1,235 | 1,129 | +9.4% |
| Income Tax Expense (Benefit) | -206 | -175 | -17.7% |
| Net Income | 1,029 | 954 | +7.9% |
Show Equity Components breakouts |
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| Retained Earnings | 1,029 | 954 | +7.9% |
| EPS (Basic) | 1.45 | 1.33 | +9.0% |
| EPS (Diluted) | 1.45 | 1.32 | +9.8% |
| Wtd Avg Shares (Basic) | 707.9 | 716.3 | -1.2% |
| Wtd Avg Shares (Diluted) | 711.2 | 720.8 | -1.3% |
| Comprehensive Income | 643 | 2,560 | -74.9% |
| Gain Loss On Investments | -77 | -90 | +14.4% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 5,701 | 1,993 | +186.1% |
| Accounts Receivable | 3,819 | 3,506 | +8.9% |
| Inventory Finished Goods Net Of Reserves | 1,360 | 1,272 | +6.9% |
| Inventory Work In Process Net Of Reserves | 504 | 517 | -2.5% |
| Inventory Raw Materials Net Of Reserves | 744 | 743 | +0.1% |
| Inventory | 2,608 | 2,532 | +3.0% |
| Prepaid Expenses & Other Current Assets | 1,807 | 1,494 | +21.0% |
| Total Current Assets | 13,935 | 9,525 | +46.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 5,468 | 5,110 | +7.0% |
| Other Non-Current Assets | 4,210 | 3,939 | +6.9% |
| Goodwill | 42,765 | 41,657 | +2.7% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 22,999 | 22,315 | +3.1% |
| Diagnostics · Operating Segments | 6,961 | — | — |
| Life Sciences · Operating Segments | 12,805 | — | — |
| Total Assets | 83,544 | 79,116 | +5.6% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 36,697 | 36,121 | +1.6% |
| Diagnostics · Operating Segments | 14,657 | — | — |
| Life Sciences · Operating Segments | 22,873 | — | — |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 9,317 | 5,308 | +75.5% |
| Operating Lease Right-of-Use Assets | 1.2 | 1.1 | +9.1% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 17,166 | 18,885 | -9.1% |
| Current Liabilities | |||
| Debt Current | 923 | 501 | +84.2% |
| Accounts Payable Trade Current | 1,790 | 1,722 | +3.9% |
| Accrued Liabilities | 4,747 | 4,422 | +7.3% |
| Total Current Liabilities | 7,460 | 6,645 | +12.3% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 5,566 | 5,638 | -1.3% |
| Long-Term Debt | 17,561 | 15,976 | +9.9% |
Show Debt Instrument breakouts |
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| Euro-denominated commercial paper | 2.8 | — | — |
| Long-Term Debt | 18,484 | 16,477 | +12.2% |
Show Debt Instrument breakouts |
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| 0.3% senior notes due 2027 · Senior Notes | 192 | 205 | -6.3% |
| 0.45% senior notes due 2028 · Senior Notes | 1,437 | 1,349 | +6.5% |
| 0.4773% 2027 CHF Bonds · Bonds | 312 | — | — |
| 0.65% senior notes due 2032 · Senior Notes | 331 | 354 | -6.5% |
| 0.75% senior notes due 2031 · Senior Notes | 2,009 | 1,887 | +6.5% |
| 0.8875% 2029 CHF Bonds · Bonds | 405 | — | — |
| 1.125% senior bonds due 2028 · Bonds | 264 | 240 | +10.0% |
| 1.2% senior notes due 2027 · Senior Notes | 690 | 648 | +6.5% |
| 1.265% 2033 CHF Bonds · Bonds | 405 | — | — |
| 1.35% senior notes due 2039 · Senior Notes | 1,427 | 1,340 | +6.5% |
| 1.6249% 2037 CHF Bonds · Bonds | 280 | — | — |
| 1.8% senior notes due 2049 · Senior Notes | 857 | 804 | +6.6% |
| 1.94% 2045 CHF Bonds · Bonds | 155 | — | — |
| 2.1% senior notes due 2026 · Senior Notes | 921 | 865 | +6.5% |
| 2.5% senior notes due 2030 · Senior Notes | 921 | 866 | +6.4% |
| 2.6% senior notes due 2029 · Senior Notes | 798 | 797 | +0.1% |
| 2.6% senior notes due 2050 · Senior Notes | 983 | 982 | +0.1% |
| 2.8% senior unsecured notes due 2051 · Senior Notes | 987 | 985 | +0.2% |
| 3.25% senior notes due 2039 · Senior Notes | 892 | 892 | 0.0% |
| 3.4% senior notes due 2049 · Senior Notes | 891 | 890 | +0.1% |
| 4.375% senior notes due 2045 · Senior Notes | 500 | 499 | +0.2% |
| Euro-denominated commercial paper · Commercial Paper | 2.5 | 931 | -99.7% |
| Other | 2 | 14 | -85.7% |
| Stockholders' Equity | |||
| Common Stock | 9 | 9 | 0.0% |
| Additional Paid In Capital Common Stock | 17,303 | 16,845 | +2.7% |
| Treasury Stock Common Value | -11,407 | -9,306 | -22.6% |
| Retained Earnings | 47,637 | 44,913 | +6.1% |
| Accumulated Other Comprehensive Income | -593 | -1,612 | +63.2% |
| Total Stockholders' Equity | 52,949 | 50,849 | +4.1% |
| Minority Interest | 8 | 8 | 0.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 52,957 | 50,857 | +4.1% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -184 | -299 | +38.5% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 224 | 142 | +57.7% |
| Accumulated Other Comprehensive Income | -593 | -1,612 | +63.2% |
| Accumulated Translation Adjustment | -633 | -1,455 | +56.5% |
| Additional Paid In Capital | 17,303 | 16,845 | +2.7% |
| Common Stock | 9 | 9 | 0.0% |
| Noncontrolling Interest | 8 | 8 | 0.0% |
| Retained Earnings | 47,637 | 44,913 | +6.1% |
| Treasury Stock Common | -11,407 | -9,306 | -22.6% |
| Total Liabilities & Equity | 83,544 | 79,116 | +5.6% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 193 | 181 | +6.6% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 40 | 34 | +17.6% |
| Diagnostics · Operating Segments | 102 | 100 | +2.0% |
| Life Sciences · Operating Segments | 48 | 45 | +6.7% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 3 | 2 | +50.0% |
| Operating Segments | 190 | 179 | +6.1% |
| Amortization Of Intangible Assets | 434 | 410 | +5.9% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 234 | 213 | +9.9% |
| Diagnostics · Operating Segments | 48 | 48 | 0.0% |
| Life Sciences · Operating Segments | 152 | 149 | +2.0% |
Show Consolidation Items breakouts |
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| Operating Segments | 434 | 410 | +5.9% |
| Stock-Based Compensation | 58 | 61 | -4.9% |
| Investment Gains Losses And Pretax Gain On Sale Of Product Line | 77 | 81 | -4.9% |
| Change in Accounts Receivable | 66 | 89 | -25.8% |
| Change in Inventory | -132 | -166 | +20.5% |
| Change in Accounts Payable | -41 | -61 | +32.8% |
| Change in Prepaid & Other Assets | -40 | -32 | -25.0% |
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | -322 | -233 | -38.2% |
| Net Cash from Operations | 1,322 | 1,299 | +1.8% |
| Investing Activities | |||
| Capital Expenditures | -237 | -245 | +3.3% |
| Payments To Acquire Investments | -20 | -18 | -11.1% |
| Other Investing Activities | 8 | 1 | +700.0% |
| Net Cash from Investing | -249 | -242 | -2.9% |
| Financing Activities | |||
| Payments For Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | -9 | -5 | -80.0% |
| Payments Of Dividends | -226 | -194 | -16.5% |
| Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less | 1,743 | -3 | +58200.0% |
| Repayments Of Debt Maturing In More Than Three Months | -1,434 | — | — |
| Proceeds From Payments For Other Financing Activities | -28 | 21 | -233.3% |
| Net Cash from Financing | 46 | -1,255 | +103.7% |
| Supplemental | |||
| Interest Paid | 28 | 63 | -55.6% |
| Income Taxes Paid | 191 | 201 | -5.0% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -33 | 113 | -129.2% |
| Net Change in Cash | 1,086 | -85 | +1377.6% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.