Jun 2026 (Q2 FY26) — Jul 29, 2026
Bausch Health Q2 FY26 — Strong Growth Across Segments and Raised Full-Year Guidance
Read the full callBausch Health earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,852 | +12.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 25.9 | +8.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 258 | +74.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $6.11 on 14 Oct 2025 → $6.31. High $7.9 (7 Jan 2026), low $4.43 (24 Jul 2026).
Overview
Call summaries
Bausch Health Q2 FY26 — Strong Growth Across Segments and Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +74% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,510 | 2,559 | 2,259 | 2,530 | 2,681 | 2,796 | 2,524 | 2,852 |
| Expenses | 2,192 | 2,001 | 1,983 | 2,086 | 2,062 | 2,322 | 3,474 | 2,112 |
| Operating profit | 318 | 558 | 276 | 444 | 619 | 474 | -950 | 740 |
| Operating margin | 12.7% | 21.8% | 12.2% | 17.6% | 23.1% | 16.9% | −37.6% | 25.9% |
| Profit before tax | -21 | 209 | -47 | 140 | 218 | 56 | -1,354 | 348 |
| Tax rate | −338.1% | 53.1% | −83.0% | 8.6% | 17.0% | 283.9% | −5.7% | 25.3% |
| Net profit | -85 | 93 | -58 | 148 | 179 | -112 | -1,423 | 258 |
| EPS ($ per share) | -0.23 | — | -0.16 | 0.40 | 0.48 | — | -3.82 | 0.69 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 10,121 | 10,172 | 10,227 | 10,317 | 10,391 | 10,423 | 10,490 | 10,516 |
| Reserves | -5,664 | -7,452 | -8,013 | -8,961 | -9,186 | -9,778 | -9,824 | -9,667 |
| Total liabilities | 29,677 | 32,727 | 30,594 | 29,236 | 25,426 | 27,432 | 26,845 | 25,989 |
| Fixed assets | 1,353 | 1,466 | 1,567 | 1,598 | 1,600 | 1,707 | 1,780 | 2,074 |
| Total assets | 32,492 | 33,863 | 31,199 | 29,202 | 25,686 | 27,350 | 26,523 | 26,366 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,501 | 1,501 | 1,111 | 1,426 | -728 | 1,032 | 1,597 | 1,400 |
| Cash from investing | -196 | -419 | -261 | 409 | -303 | -2,145 | -454 | -595 |
| Cash from financing | -1,353 | 1,443 | -2,294 | -1,513 | -474 | 1,475 | -868 | -742 |
| Net cash flow | -74 | 2,521 | -1,428 | 303 | -1,528 | 371 | 239 | 124 |
| Capital expenditure | -157 | -270 | -302 | -269 | -218 | -215 | -337 | -397 |
| Free cash flow | 1,344 | 1,231 | 809 | 1,157 | -946 | 817 | 1,260 | 1,003 |
48 filings between Nov 25, 2025 and Sep 30, 2026.
Purchases
$15.63M
1 purchase by 1 insider
Sales
$506.7K
5 sales by 3 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 other filings.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| PAULSON & CO. INC. | $15.63M | — | Nov 25, 2025 |
| Lenar Aimee J. | — | $258.9K | Aug 19, 2026 |
| Lee Frank D. | — | $132.8K | May 19, 2026 |
| Carson Seana | — | $115.0K | Mar 3, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Paulson John Director | Award | 10,720 | $62.5K |
| Sep 30, 2026 | LEUNG SANDRA Director | Award | 5,789 | $33.7K |
| Sep 30, 2026 | WECHSLER AMY B Director | Award | 1,179 | $6.9K |
| Aug 19, 2026 | Lenar Aimee J. President, US Pharma | Sale 10b5-1 plan | 36,827 | $258.9K |
| Jul 17, 2026 | Lenar Aimee J. President, US Pharma | Tax withheld | 5,260 | $25.4K |
| Jul 15, 2026 | Lenar Aimee J. President, US Pharma | Tax withheld | 23,395 | $114.4K |
| Jul 14, 2026 | LEE STEVEN HYOSIG SVP, Controller & CAO | Tax withheld | 3,125 | $14.8K |
| Jun 30, 2026 | WECHSLER AMY B Director | Award | 1,394 | $6.9K |
| Jun 30, 2026 | Paulson John Director | Award | 12,677 | $62.5K |
| Jun 30, 2026 | LEUNG SANDRA Director | Award | 6,845 | $33.7K |
| May 22, 2026 | POWER ROBERT N Director | Award | 45,871 | $0 |
| May 22, 2026 | Paulson John Director | Award | 45,871 | $0 |
| May 22, 2026 | LEUNG SANDRA Director | Award | 45,871 | $0 |
| May 22, 2026 | ROBERTS EIRY Director | Award | 45,871 | $0 |
| May 22, 2026 | Lee Frank D. Director | Award | 45,871 | $0 |
| May 22, 2026 | KAVANAGH SARAH B Director | Award | 45,871 | $0 |
| May 22, 2026 | GOETTLER MICHAEL Director | Award | 45,871 | $0 |
| May 22, 2026 | Garcia Christian A Director | Award | 45,871 | $0 |
| May 22, 2026 | WECHSLER AMY B Director | Award | 45,871 | $0 |
| May 19, 2026 | Lee Frank D. Director | Sale 10b5-1 plan | 24,456 | $132.8K |
| Mar 31, 2026 | Paulson John Director | Award | 11,574 | $62.5K |
| Mar 31, 2026 | WECHSLER AMY B Director | Award | 1,273 | $6.9K |
| Mar 31, 2026 | LEUNG SANDRA Director | Award | 5,946 | $32.1K |
| Mar 3, 2026 | Carson Seana EVP, General Counsel | Sale 10b5-1 plan | 4,420 | $25.5K |
| Mar 2, 2026 | Carson Seana EVP, General Counsel | Other 10b5-1 plan | 137,922 | $820.6K |
| Mar 2, 2026 | Carson Seana EVP, General Counsel | Tax withheld 10b5-1 plan | 16,973 | $101.0K |
| Mar 2, 2026 | Carson Seana EVP, General Counsel | Sale 10b5-1 plan | 6,856 | $39.6K |
| Mar 2, 2026 | APPIO THOMAS Chief Executive Officer | Other | 1,137,862 | $6.77M |
| Mar 2, 2026 | APPIO THOMAS Chief Executive Officer | Tax withheld | 83,705 | $498.0K |
| Feb 27, 2026 | Charhon Jean-Jacques EVP, CFO | Tax withheld | 49,060 | $290.9K |
| Feb 27, 2026 | Carson Seana EVP, General Counsel | Tax withheld 10b5-1 plan | 26,326 | $156.1K |
| Feb 27, 2026 | APPIO THOMAS Chief Executive Officer | Tax withheld | 83,093 | $492.7K |
| Feb 27, 2026 | Carson Seana EVP, General Counsel | Sale 10b5-1 plan | 8,388 | $49.9K |
| Feb 26, 2026 | APPIO THOMAS Chief Executive Officer | Tax withheld | 116,502 | $703.7K |
| Feb 26, 2026 | Lenar Aimee J. EVP, US Pharma | Tax withheld | 17,578 | $106.2K |
| Feb 26, 2026 | Carson Seana EVP, General Counsel | Tax withheld 10b5-1 plan | 32,211 | $194.6K |
| Feb 26, 2026 | Charhon Jean-Jacques EVP, CFO | Tax withheld | 35,977 | $217.3K |
| Feb 25, 2026 | Charhon Jean-Jacques EVP, CFO | Award | 276,055 | $0 |
| Feb 25, 2026 | APPIO THOMAS Chief Executive Officer | Award | 815,425 | $0 |
| Feb 25, 2026 | LEE STEVEN HYOSIG SVP, Controller & CAO | Award | 45,868 | $0 |
| Feb 25, 2026 | Lenar Aimee J. EVP, US Pharma | Award | 157,139 | $0 |
| Feb 25, 2026 | Carson Seana EVP, General Counsel | Award 10b5-1 plan | 212,350 | $0 |
| Feb 9, 2026 | Carson Seana EVP, General Counsel | Award | 137,922 | $0 |
| Feb 9, 2026 | APPIO THOMAS Chief Executive Officer | Award | 1,137,862 | $0 |
| Dec 31, 2025 | Paulson John Director | Award | 8,992 | $0 |
| Dec 31, 2025 | LEUNG SANDRA Director | Award | 4,586 | $0 |
| Dec 31, 2025 | WECHSLER AMY B Director | Award | 989 | $0 |
| Nov 25, 2025 | PAULSON & CO. INC. 10% owner | Purchase | 2,500,000 | $15.63M |
| Sep 30, 2025 | Paulson John Director | Award | 9,689 | $0 |
| Sep 30, 2025 | WECHSLER AMY B Director | Award | 1,065 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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