Fresenius Medical Care (FMS) revenue breakdown
By segment, Care Delivery is the largest at 67% of fiscal 2025 revenue; Value-Based Care grew fastest, 33% a year over 2 years.
By product, Healthcare services is the largest at 67% of fiscal 2025 revenue; Insurance contracts grew fastest, 31% a year over 2 years.
Revenue by segment
Fiscal years, as Fresenius Medical Care reports them in its 10-K filings; fiscal 2025 total $19.6B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Care Delivery | — | — | — | — | — | $14.0B | $15.6B | $14.3B | $13.5B | $13.2B | 67% |
| Care Enablement | — | — | — | — | — | $3.6B | $3.8B | $3.9B | $4.1B | $4.1B | 21% |
| Value-Based Care | — | — | — | — | — | — | — | $1.3B | $1.8B | $2.2B | 11% |
| North America Segment | $12.0B | $12.9B | $11.6B | $12.2B | $12.5B | — | — | — | — | — | — |
| EMEA Segment | $2.4B | $2.5B | $2.6B | $2.7B | $2.8B | — | — | — | — | — | — |
| Asia-Pacific Segment | $1.5B | $1.6B | $1.7B | $1.9B | $1.9B | — | — | — | — | — | — |
| Latin America Segment | $644M | $720M | $686M | $709M | $684M | — | — | — | — | — | — |
| Corporate | — | $15M | $15M | $20M | $40M | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Fresenius Medical Care reports them in its 10-K filings; fiscal 2025 total $19.6B.
| Products | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Healthcare services | $13.9B | $15.4B | $14.2B | $13.5B | $13.1B | 67% |
| Healthcare products | $3.7B | $4.0B | $4.1B | $4.3B | $4.4B | 22% |
| Insurance contracts | — | — | $1.2B | $1.6B | $2.1B | 11% |
Revenue by region
Fiscal years, as Fresenius Medical Care reports them in its 10-K filings; fiscal 2025 total $19.6B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the World | $4.5B | $4.6B | $4.8B | $4.9B | $5.2B | $5.5B | $19.0B | $18.9B | $19.1B | 97% |
| Germany | $433M | $426M | $475M | $493M | $511M | $487M | $484M | $479M | $495M | 3% |
| United States | — | — | — | — | $12.0B | $13.4B | — | — | — | — |
| North America | $12.9B | $11.6B | $12.2B | $12.5B | — | — | — | — | — | — |
Questions
Where does Fresenius Medical Care make its money?
In fiscal 2025, by segment: Care Delivery $13.2B, Care Enablement $4.1B, Value-Based Care $2.2B.
From Fresenius Medical Care's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.