BXP, Inc.BXPEarnings & Financial Report
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
Revenue
$871.5M
Gross Profit
$517.0M
Operating Profit
N/A
Net Profit
$-121.7M
Gross Margin
59.3%
Operating Margin
N/A
Net Margin
-14.0%
YoY Growth
1.4%
EPS
$-0.77
BXP, Inc. Q3 FY2025 Financial Summary
BXP, Inc. reported revenue of $871.5M (up 1.4% YoY) for Q3 FY2025, with a net profit of $-121.7M (down 245.5% YoY) (-14.0% margin). Cost of goods sold was $354.5M.
Key Financial Metrics
| Total Revenue | $871.5M |
|---|---|
| Net Profit | $-121.7M |
| Gross Margin | 59.3% |
| Operating Margin | N/A |
| Report Period | Q3 FY2025 |
BXP, Inc. Annual Revenue by Year
BXP, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.5B |
| 2024 | $3.4B |
| 2023 | $3.3B |
| 2022 | $3.1B |
BXP, Inc. Quarterly Revenue & Net Profit History
BXP, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $872.1M | +0.8% | $133.0M | 15.3% |
| Q4 FY2025 | $877.1M | +2.2% | $248.4M | 28.3% |
| Q3 FY2025 | $871.5M | +1.4% | $-121.7M | -14.0% |
| Q2 FY2025 | $868.5M | +2.1% | $89.0M | 10.2% |
| Q1 FY2025 | $865.2M | +3.1% | $61.2M | 7.1% |
| Q4 FY2024 | $858.6M | +3.6% | $-228.9M | -26.7% |
| Q3 FY2024 | $859.2M | +4.2% | $83.6M | 9.7% |
| Q2 FY2024 | $850.5M | +4.1% | $79.6M | 9.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $850.5M | $859.2M | $858.6M | $865.2M | $868.5M | $871.5M | $877.1M | $872.1M |
| YoY Growth | 4.1% | 4.2% | 3.6% | 3.1% | 2.1% | 1.4% | 2.2% | 0.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $25.47B | $26.41B | $26.08B | $25.44B | $25.62B | $26.00B | $26.17B | $25.10B |
| Liabilities | $17.18B | $18.12B | $18.14B | $17.58B | $17.77B | $18.48B | $18.47B | $17.38B |
| Equity | $5.80B | $5.76B | $5.41B | $5.32B | $5.26B | $5.00B | $5.15B | $7.72B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $367.1M | $286.1M | $383.7M | $210.0M | $353.1M | $274.2M | $407.8M |