Dallas-based Baylor Scott & White Health reported an operating income of $1.7 billion (10% margin) in the fiscal year ending June 30, 2025, up more than 41% from the $1.2 billion gain (7.9% margin) posted in the previous fiscal year.
Five things to know:
1. Revenue for the 53-hospital system increased 11.6% year over year to $17.3 billion, according to financial documents published Oct. 31. Net patient service revenue rose 12% to $13.5 billion.
2. Operating expenses increased 9.1% year over year, reaching $15.6 billion. The largest line items were salaries, wages and employee benefits ($7 billion), followed by supplies ($2.7 billion) and other operating expenses ($3.5 billion).
3. After accounting for nonoperating items, such as investment returns, Baylor Scott & White Health reported a net income of $2.7 billion in fiscal 2025, compared to a $2 billion net gain in fiscal 2024.
4. Baylor Scott & White generated $2.5 billion in net cash from operating activities, compared to $2.3 billion in fiscal 2024. The system ended the year with $2.5 billion in cash and cash equivalents.
5. As of June 30, 2025, the health system had $3.9 billion in long-term debt and $22.9 billion in net assets.
