BAX
Baxter International Inc.
Stock
$23.49−0.15 (−0.63%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5B | $11.2B | $10.6B | $10.4B | $10.1B | $12.1B | $11.7B | $11.4B | $11.1B | $10.6B | $10.2B | $10.0B | $10.7B | $9.4B |
| Cost of revenue | $8.0B | $7.9B | $6.7B | $6.2B | $6.5B | $7.4B | $7.1B | $6.6B | $6.3B | $6.1B | $6.0B | $5.8B | $6.1B | $5.3B |
| Gross profit | $3.5B | $3.4B | $4.0B | $4.2B | $3.5B | $4.7B | $4.6B | $4.8B | $4.8B | $4.5B | $4.1B | $4.1B | $4.6B | $4.2B |
| R&D | $512M | $518M | $590M | $518M | $450M | $531M | $521M | $595M | $654M | $615M | $646M | $603M | $610M | $582M |
| SG&A | $2.9B | $2.9B | $3.0B | $3.0B | $3.1B | $2.8B | $2.5B | $2.5B | $2.6B | $2.6B | $2.7B | $3.1B | $3.3B | $3.1B |
| Other operating expenses | $280M | $279M | $413M | — | $2.8B | — | — | — | — | — | — | — | — | — |
| Operating income | −$274M | −$308M | $14M | $707M | −$2.8B | $1.4B | $1.6B | $1.8B | $1.6B | $1.3B | $745M | $449M | $656M | $496M |
| Non-operating income | −$209M | −$197M | −$303M | −$465M | −$403M | −$234M | −$324M | −$802M | $33M | −$188M | $4.2B | −$21M | −$166M | −$121M |
| Pretax income | −$483M | −$505M | −$289M | $242M | −$3.2B | $1.1B | $1.3B | $970M | $1.6B | $1.1B | $5.0B | $428M | $490M | $375M |
| Taxes | $580M | $452M | $360M | −$2.4B | −$815M | −$168M | $190M | −$31M | $71M | $498M | −$11M | −$540M | −$2.0B | −$1.6B |
| Net income | −$1.1B | −$957M | −$649M | $2.7B | −$2.4B | $1.3B | $1.1B | $1.0B | $1.5B | $602M | $5.0B | $968M | $2.5B | $2.0B |
| Diluted EPS | −$2.09 | −$1.87 | −$1.27 | $5.23 | −$4.83 | $2.53 | $2.13 | $1.93 | $2.83 | $1.08 | $9.01 | $1.76 | $4.56 | $3.66 |
| Diluted shares | — | 513.0M | 510.0M | 508.0M | 504.0M | 508.0M | 517.0M | 519.0M | 546.0M | 555.0M | 551.0M | 549.0M | 547.0M | 549.0M |
| Revenue growth | — | +5.7% | +2.7% | +3.0% | −17.2% | +4.1% | +2.7% | +2.4% | +4.9% | +4.1% | +2.0% | −7.0% | +13.9% | — |
| Gross margin | 30.1% | 30.1% | 37.5% | 40.1% | 35.3% | 38.9% | 39.3% | 41.9% | 42.9% | 42.3% | 40.5% | 41.6% | 42.7% | 44.2% |
| Operating margin | −2.4% | −2.7% | 0.1% | 6.8% | −28.3% | 11.1% | 13.8% | 15.6% | 14.3% | 12.2% | 7.3% | 4.5% | 6.1% | 5.3% |
| Net margin | −9.3% | −8.5% | −6.1% | 25.6% | −24.2% | 10.6% | 9.4% | 8.8% | 13.9% | 5.7% | 48.9% | 9.7% | 23.3% | 21.4% |