Baxter International revenue and financials
$24.21Change from previous close: −0.04%Absolute change: −$0.01
In the fiscal year ended December 2025, Baxter International reported revenue of $11.24B (+5.72% year over year). The net loss was $957M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +5.72%
- 2025 vs 2024
- Net margin
- -8.5%
- 2024: -6.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 11,244 | 10,636 | 10,360 | 10,057 | 12,146 | 11,673 | 11,362 | 11,099 | 10,584 | 10,163 |
| Cost of revenue | 7,865 | 6,652 | 6,210 | 6,508 | 7,426 | 7,086 | 6,601 | 6,340 | 6,110 | 6,047 |
| Gross profit | 3,379 | 3,984 | 4,150 | 3,549 | 4,720 | 4,587 | 4,761 | 4,759 | 4,474 | 4,116 |
| Selling, general and administrative | 2,670 | 2,824 | 2,804 | 2,811 | 2,605 | — | — | — | — | — |
| Research and development | 518 | 590 | 518 | 450 | 531 | 521 | 595 | 654 | 615 | 646 |
| Operating income | -308 | 14.0 | 707 | -2,845 | 1,350 | 1,616 | 1,772 | 1,584 | 1,288 | 745 |
| EBIT | 1,037 | 888 | 896 | 908 | 1,730 | — | — | — | — | — |
| EBITDA | 2,018 | 1,885 | 1,880 | 1,980 | 2,597 | — | — | — | — | — |
| Interest expense | 290 | 408 | 508 | 413 | 207 | 153 | 111 | 93.0 | 85.0 | 89.0 |
| Pre-tax income | -505 | -289 | 242 | -3,248 | 1,116 | — | — | — | — | — |
| Income tax | 395 | 37.0 | 61.0 | -135 | 83.0 | 182 | -41.0 | 65.0 | 491 | -12.0 |
| Net income | -957 | -649 | 2,656 | -2,433 | 1,284 | 1,102 | 1,001 | 1,546 | 602 | 4,965 |
| Net income to common shareholders | -957 | -649 | 2,656 | -2,433 | 1,284 | — | — | — | — | — |
| Basic EPS | -1.87 | -1.27 | 5.25 | -4.83 | 2.56 | 2.17 | 1.97 | 2.90 | 1.11 | 9.09 |
| Diluted EPS | -1.87 | -1.27 | 5.23 | -4.83 | 2.53 | 2.13 | 1.93 | 2.83 | 1.08 | 9.01 |
| Average shares (basic) | 513 | 510 | 506 | 504 | 502 | — | — | — | — | — |
| Average shares (diluted) | 513 | 510 | 508 | 504 | 508 | 517 | 519 | 546 | 555 | 551 |
| Dividend per share | 0.52 | 1.04 | 1.16 | 1.15 | 1.09 | — | — | — | — | — |