BXP: revenue, profit and dividends

In fiscal 2025, BXP had revenue of $3.48B, up 3.4% a year on average since 2015, and net income of $277M (7.9% of revenue).

Revenue, fiscal 2025

$3.48B+3.4% a year

average annual revenue growth since 2015 · +2.2% vs 2024

Net income, 2025

$277M

7.9% of revenue

Diluted EPS, 2025

$1.74

−7.3% a year since 2015

Revenue growth, 5 years

4.7% a year

since 2020

Shares, 2025

159M

+3.3% since 2015

Free cash flow, 2025

$1.03B

$1.25B from operations − $217M capex

Ticker: BXP · NYSE
Sector: Real Estate
Sub-industry: Office REITs
Headquarters: Boston, Massachusetts
Founded: 1970
In the S&P 500 since: April 3, 2006
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: BXP, Inc. · CIK 0001037540

Revenue and net income

Revenue went from $1.48B in 2007 to $3.48B in 2025.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $10.80 in 2007 to $1.74 in 2025. Ten-year growth: −7.3% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

No dividend per share for 2025 in the data.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

3.3% more shares in 2025 than in 2015 (154M → 159M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.03B in 2025, 29.5% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$3.48B	$277M	7.9%	$1.74	—	159M	$1.25B	$217M	$1.03B
2024	$3.41B	$14.3M	0.4%	$0.09	—	158M	$1.23B	$190M	$1.04B
2023	$3.27B	$190M	5.8%	$1.21	—	157M	$1.3B	$171M	$1.13B
2022	$3.11B	$849M	27.3%	$5.40	—	157M	$1.28B	$177M	$1.11B
2021	$2.89B	$505M	17.5%	$3.17	—	156M	$1.13B	$151M	$982M
2020	$2.77B	$873M	31.6%	$5.54	—	156M	$1.16B	$160M	$997M
2019	$2.96B	$522M	17.6%	$3.30	—	155M	$1.18B	$181M	$1.0B
2018	$2.72B	$583M	21.5%	$3.70	—	155M	$1.15B	$190M	$960M
2017	$2.6B	$462M	17.8%	$2.93	$3.05	154M	$912M	$222M	$689M
2016	$2.55B	$513M	20.1%	$3.26	$2.70	154M	$1.03B	$151M	$884M
2015	$2.49B	$583M	23.4%	$3.72	$3.85	154M	$799M	$113M	$687M
2014	$2.4B	$444M	18.5%	$2.83	$7.10	153M	$696M	$82.5M	$613M
2013	$2.14B	$750M	35.1%	$4.86	—	153M	$778M	$73.8M	$704M
2012	$1.85B	$290M	15.7%	$1.92	—	151M	$643M	$49.9M	$593M
2011	$1.72B	$273M	15.8%	$1.86	—	146M	$606M	$62M	$544M
2010	$1.54B	$159M	10.3%	$1.14	$2.00*	140M	$376M	$20.7M	$355M
2009	$1.52B	$231M	15.2%	$1.76	—	132M	$617M	$28.6M	$589M
2008	$1.47B	$105M	7.2%	$0.87	—	121M	—	—	—
2007	$1.48B	$1.31B	88.4%	$10.80	—	121M	—	—	—

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.

About these figures

REITs are usually judged by funds from operations (FFO), which is not in the filings data; their net income is after depreciation of the properties.
Dividends per share for 2010 are added up from the quarterly reports.
Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Office REITs companies

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revenue $3.03B (2025)

All 30 Real Estate companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.