Baxter International revenue and financials
$24.36Change from previous close: +0.58%Absolute change: +$0.14
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 285 | 213 | 584 | 237 | 217 | -193 | 488 | 253 | 115 | 163 | 531 | 365 |
| Depreciation and amortization | 239 | 237 | 240 | 237 | 257 | 247 | 245 | 254 | 227 | 271 | 264 | 92.0 |
| Capital expenditure | -119 | -137 | -140 | -111 | -140 | -122 | -132 | -134 | -70.0 | -110 | -92.0 | -12.0 |
| Investing cash flow | -117 | -133 | -198 | -111 | -115 | 3,265 | -205 | -164 | -91.0 | -166 | -230 | 3,786 |
| Financing cash flow | -31.0 | -11.0 | -147 | -81.0 | -762 | -3,226 | 141 | -146 | -936 | -140 | -2,935 | -62.0 |
| Dividends paid | -5.0 | -5.0 | -87.0 | -87.0 | -87.0 | -87.0 | -147 | -148 | -148 | -147 | -147 | -147 |
| Debt issued | — | — | 1,998 | — | — | — | 2,126 | — | — | — | -214 | 214 |
| Debt repaid | 0.0 | 0.0 | -1,984 | 300 | -680 | -3,125 | -1,830 | -3.0 | -809 | -15.0 | -2,582 | -160 |
| Effect of exchange rates | 0.0 | -18.0 | 1.0 | -5.0 | 52.0 | 36.0 | -90.0 | 41.0 | -22.0 | -25.0 | 40.0 | -23.0 |
| Net change in cash | 137 | 51.0 | 240 | 40.0 | -608 | -118 | 334 | -16.0 | -934 | -168 | -2,594 | 4,066 |
| Free cash flow | 166 | 76.0 | 444 | 126 | 77.0 | -315 | 356 | 119 | 45.0 | 53.0 | 439 | 353 |
| Levered free cash flow | — | 204 | 398 | 208 | 124 | 1,736 | 585 | -705 | 127 | 350 | 12.6 | 594 |