Fresenius Medical Care sees 2026 operating income flat to down mid-single digits
FMS•Fresenius Medical Care expects 2026 operating income to be flat to down a mid-single-digit percentage at constant currency, excluding special items, with broadly flat revenue growth. Third-quarter adjusted operating income fell 5.7% at constant currency and organic revenue growth was 0.1%.
1. 2026 outlook
Fresenius Medical Care narrowed its fiscal 2026 outlook, forecasting broadly flat revenue growth and operating income flat to down a mid-single-digit percentage at constant currency, excluding special items. Third-quarter adjusted operating income fell 5.7% at constant currency, reflecting TDAPA reimbursement headwinds and inflation; organic revenue growth was 0.1%, as changes to value-based care risk contracting offset growth in dialysis services.
