Direct Answer
ResMed reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Sleep and Breathing Health is the largest, with $4.5 billion of revenue (88% of the total), followed by Residential Care Software at $641 million (12%). 64% of revenue came from the United States.
How Does ResMed Make Money?
Sleep and Breathing Health supplies 88% of revenue, so ResMed's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Sleep and Breathing Health grew fastest (+9.8%) and Residential Care Software slowest (+9.8%), so the revenue mix tilts toward Sleep and Breathing Health while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Sleep and Breathing Health | $4.5 billion | $4.1 billion | 87.5% | 9.8% |
| Residential Care Software | $641 million | $584 million | 12.5% | 9.8% |
Which ResMed Segments Earn the Most?
| Segment | FY2025 segment operating income | Segment margin |
|---|---|---|
| Sleep and Breathing Health | $2.0 billion | 43.6% |
| Residential Care Software | $205 million | 32.0% |
Segment operating income is the profit measure ResMed reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within ResMed more safely than against another company.
What Does ResMed Sell?
ResMed also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Sleep and Breathing Health | $4.5 billion | $4.1 billion | 87.5% | 9.8% |
| Residential Care Software | $641 million | $584 million | 12.5% | 9.8% |
Where Does ResMed's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $3.3 billion | $3.0 billion | 63.8% | 10.3% |
| Rest of World | $1.9 billion | $1.7 billion | 36.2% | 9.1% |
What the Segment Figures Do Not Show
The rows above add up to 100% of ResMed's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value ResMed reported in the segment note and revenue disclosures of its Form 10-K filed August 8, 2025 (accession 0000943819-25-000035), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are ResMed's business segments?
In its fiscal 2025 Form 10-K, ResMed reports revenue for Sleep and Breathing Health and Residential Care Software.
Which part of ResMed brings in the most revenue?
Sleep and Breathing Health, with $4.5 billion of revenue in fiscal 2025, or 88% of the total.
How much of ResMed's revenue comes from outside the United States?
36% in fiscal 2025, by the geographic breakdown ResMed reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.