Danaher (DHR) executive compensation, 2026 proxy

Rainer M. Blair, President and CEO, was paid $23.8M in 2025, up 8% from $22.1M the year before. The CEO-to-median-employee pay ratio was 343:1, on median employee pay of $69,440.

Filed
March 25, 2026
Annual meeting
May 5, 2026
Pay year
2025
Named executives
5
CEO total pay
$23.8M+8% vs prior year
CEO to median employee
343:1median $69,440
CEO pay in equity
74%$17.7M in awards
Prior say-on-pay support
93%of votes cast
2025 Sales
$24.6BContinuing operations
Operating Cash Flow
$6.4BFor fiscal 2025
Shareholder Returns
$4.0BThrough stock buybacks and dividends
R&D Investment
$1.6BInvested in research and development

How Blair was paid

$23.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary6%Stock awards39%Option awards35%Non-equity incentive18%All other compensation2%

Named executive officers

ExecutiveTotal
Rainer M. BlairPresident and CEO$23,795,280
Matthew R. McGrewExecutive Vice President and CFO$7,967,519
Christopher P. RileyExecutive Vice President$11,255,848
Julie Sawyer MontgomeryExecutive Vice President$11,295,279
Jose-Carlos Gutierrez-RamosSenior Vice President and Chief Science Officer$6,243,771

What changed and why

  • $23.8MCEO Rainer M. Blair received total compensation of $23,795,280 in 2025, representing an increase from $22,107,164 in 2024.
  • $24.6BDanaher generated $24.6 billion in sales and $4.7 billion in operating profit during fiscal 2025.
  • $4.0BThe company returned approximately $4.0 billion to shareholders through stock buybacks and dividends in 2025.
  • 93%Shareholders approved the 2025 say-on-pay proposal with 93% support at the annual meeting.
  • The ratio of the CEO annual total compensation to the median employee annual total compensation was 343 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.