BXP - NYSE
BXP, Inc.
$61.91
+0.95%Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.
At a Glance
Live SnapshotBXP, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
BXP, Inc. Income Statement
BXP • NYSE
| BXP, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
3.5B | 3.4B | 3.3B | 3.1B | 2.9B | 2.8B | 3B | 2.7B | 2.6B | 2.6B | 2.5B | 2.4B | 2.1B | 1.9B | 1.8B | 1.6B | 1.5B | 1.5B | 1.5B | 1.5B | |
GROSS PROFIT | ||||||||||||||||||||
(1.4B) | (1.3B) | (1.2B) | (1.1B) | (1B) | (1B) | (1.1B) | (1B) | (962M) | (921.2M) | (904.3M) | (864.5M) | (771.4M) | (685.5M) | (620.1M) | (526.8M) | (525.8M) | (515.5M) | (483.6M) | (497.4M) | |
2.1B | 2.1B | 2.1B | 2B | 1.9B | 1.7B | 1.9B | 1.7B | 1.6B | 1.6B | 1.6B | 1.5B | 1.4B | 1.2B | 1.1B | 1B | 996.5M | 972.9M | 998.7M | 980.2M | |
OPERATING INCOME | ||||||||||||||||||||
(168.8M) | (1.1B) | (1B) | (911.6M) | (881.4M) | (828.5M) | (828.9M) | (767.4M) | (731.3M) | (801.5M) | (735.9M) | (727.5M) | (676M) | (535.5M) | (520.6M) | (410.8M) | (397.1M) | (376.5M) | (359.3M) | (368.3M) | |
(168.8M) | (176.5M) | (187.9M) | (161.8M) | (164.1M) | (133.1M) | (151.2M) | (121.7M) | (113.7M) | (105.2M) | (96.3M) | (98.9M) | (115.3M) | (82.4M) | (81.4M) | (79.7M) | (75.4M) | (72.4M) | (69.9M) | (59.4M) | |
1.9B | 1B | 1B | 1.1B | 973.1M | 906.9M | 1B | 913.7M | 908.1M | 823.9M | 849.4M | 801.8M | 678.1M | 651.7M | 618.6M | 610.5M | 276.5M | 324.4M | 353.5M | 313.7M | |
PRE-TAX INCOME | ||||||||||||||||||||
(647.7M) | (645.1M) | (572.9M) | (437.1M) | (423.3M) | (431.7M) | (412.7M) | (378.2M) | (374.5M) | (412.8M) | (432.2M) | (455.7M) | (446.9M) | (413.6M) | (394.1M) | (378.1M) | (322.8M) | (272M) | (285.9M) | (0.0) | |
-647.7M | -584.9M | -509.6M | -425.2M | -417.6M | -425.8M | -393.8M | -367.3M | -368.7M | -405.6M | -425.4M | -447M | -438.6M | -400.9M | -386.2M | -370.7M | -318.8M | -295.3M | -285.9M | 0.0 | |
(0.0) | (887.2M) | (830.8M) | (749.8M) | (717.3M) | (695.4M) | (677.8M) | (645.6M) | (617.5M) | (694.4M) | (639.5M) | (628.6M) | (560.6M) | (453.1M) | (439.2M) | (331.2M) | (321.7M) | (304.1M) | (289.4M) | (308.9M) | |
-1.6B | -937.7M | -747.2M | -40.8M | -341.1M | 111.8M | -395.6M | -214.5M | -345.6M | -255.8M | -425.3M | -275.8M | 25.5M | -406.7M | -315.7M | -424.4M | -304.8M | -155.9M | 806.2M | 559.9M | |
384M | 84.2M | 291.4M | 1B | 631.9M | 1B | 652M | 597.9M | 554.8M | 487.5M | 424M | 358M | 703.6M | 294.2M | 313.8M | 159.1M | 231M | 168.5M | 0.0 | 0.0 | |
NET INCOME | ||||||||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (177M) | (478.1M) | (397.3M) | (295.9M) | (382.9M) | (0.0) | (467.2M) | (432M) | (490.8M) | (380.4M) | (289.1M) | -685.3M | -261.7M | |
276.8M | 14.3M | 190.2M | 848.9M | 505.2M | 872.7M | 521.5M | 582.8M | 462.4M | 511.1M | 583.1M | 443.6M | 749.8M | 289.7M | 272.7M | 159.1M | 231M | 125.2M | 1.3B | 873.6M |
SEC Filings
BXP - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 29, 2026 | May 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 22, 2026 | May 21, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 10, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 06, 2026 | March 06, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 27, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 22, 2025 | December 22, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 07, 2025 | September 30, 2025 | 2025 |
Related Guides
Continue your BXP research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.