FINHUB Insights

WAT · Q3 FY25 · Jul 1 – Sep 30, 2025

Waters Q3 FY25: where the revenue came from and where it went

Waters Q3 FY25: revenue $0.8B (+8% year over year). Net profit $0.0B. Largest cohort Instrument systems $0.38B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
May 12, 2026 10-Q
Sankey diagram of Waters's income statement for Q3 FY25: revenue of $0.80 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.80B +8% year over year
Gross profit$0.47B 59% margin
Operating profit$0.19B 24% margin
Net profit$0.00B 0% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 0.80 100% +8%
Instrument systems 0.38 47%
Services 0.35 44%
Other 0.08 10%
Cost of revenue−0.3341%
Gross profit0.4759% margin+0pp
R&D−0.057%+1pp
SG&A−0.2127%+4pp
Other−0.012%+0pp
Operating profit0.1924% margin−5pp
Tax−0.02
Interest & other costs−0.17
Net profit0.000%+0pp
Filing on EDGAR More quarters of WAT

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.