BSX · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

BOSTON SCIENTIFIC CORP · 2026-08-03 · Importance 71 · Surprise 82 · Matches filing data

The reported tax rate was 14.6% in the second quarter of 2026 versus 15.5% in the second quarter of 2025, while the continuing-operations rate was 17.3% versus 18.4%. For the first six months, the reported rate declined to negative 1.0% from 16.0%, and the continuing-operations rate was 17.4% versus 18.2%. The six-month result included a $384 million discrete tax benefit from changing the anticipated future tax rate used to recover certain capitalized expenses, contributing materially to reported net income of $2.247 billion. The OBBBA and Pillar Two global minimum tax had no material impact on the continuing-operations tax rate in the second quarter.

Key facts

• In the first six months of 2026, the principal reason for the difference between the tax rate from continuing operations and the reported tax rate relates to a discrete tax benefit of $384 million to reflect a change in the anticipated future tax rate at which we expect to recover certain capitalized expenses. source
• Reported tax rate for the three months ended June 30, 2026 was 14.6% and the rate from continuing operations was 17.3%; the difference in Q2 2026 principally related to discrete benefits primarily related to return-to-provision adjustments. source

Impact estimates