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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,960 | 2,701 | 2,974 | 2,835 | 2,810 | 2,625 | 2,753 | 2,699 | 2,694 | 2,490 | 2,726 | 2,599 |
| Cost of revenue | 1,818 | 1,803 | 2,014 | 1,814 | 1,666 | 1,631 | 1,630 | 1,627 | 1,551 | 1,516 | 1,613 | 1,530 |
| Gross profit | 1,142 | 898 | 960 | 1,021 | 1,144 | 994 | 1,123 | 1,072 | 1,143 | 974 | 1,113 | 1,069 |
| Selling, general and administrative | 642 | 658 | 675 | 669 | 628 | 648 | 725 | 707 | 645 | 695 | 664 | 671 |
| Research and development | 125 | 124 | 116 | 115 | 134 | 138 | 131 | 129 | 130 | 120 | 127 | 129 |
| Operating income | 427 | 163 | 219 | 287 | 434 | 262 | 270 | 241 | 369 | 162 | 323 | 269 |
| EBIT | 427 | 163 | 219 | 287 | 434 | 262 | 270 | 241 | 369 | 162 | 323 | 269 |
| EBITDA | 666 | 400 | 459 | 524 | 691 | 509 | 515 | 495 | 596 | 433 | 587 | 361 |
| Interest expense | 77.0 | 78.0 | 69.0 | 68.0 | 72.0 | 81.0 | 100 | 101 | 104 | 103 | 114 | 136 |
| Pre-tax income | 158 | -6.0 | -756 | 121 | 133 | -3.0 | -521 | 69.0 | 117 | 46.0 | 221 | 64.0 |
| Income tax | 23.0 | 11.0 | 279 | 172 | 11.0 | -67.0 | -33.0 | 8.0 | 22.0 | 40.0 | 2.0 | 27.0 |
| Net income | 126 | -15.0 | -1,128 | -46.0 | 91.0 | 126 | -512 | 140 | -314 | 37.0 | 245 | 2,508 |
| Net income to common shareholders | 126 | -15.0 | -1,128 | -46.0 | 91.0 | 126 | -512 | 140 | -314 | 37.0 | 245 | 2,508 |
| Basic EPS | 0.24 | -0.03 | -2.19 | -0.09 | 0.18 | 0.25 | -1.00 | 0.27 | -0.62 | 0.07 | 0.48 | 4.95 |
| Diluted EPS | 0.24 | -0.03 | -2.19 | -0.09 | 0.18 | 0.25 | -1.00 | 0.27 | -0.62 | 0.07 | 0.48 | 4.92 |
| Average shares (basic) | 517 | 515 | 514 | 514 | 513 | 512 | 511 | 510 | 510 | 508 | 507 | 507 |
| Average shares (diluted) | 518 | 515 | 514 | 514 | 514 | 514 | 511 | 512 | 511 | 510 | 509 | 509 |
| Dividend per share | 0.01 | 0.01 | 0.01 | 0.17 | 0.17 | 0.17 | 0.17 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |