Baxter International Inc. (BAX) Earnings History
Net Loss37 years of earnings data (1989–2025) · Currently unprofitable on a TTM basis
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Baxter International Inc. (BAX) Earnings Overview
As of November 7, 2026, Baxter International Inc. (BAX) reported trailing twelve-month net income of -$723M, reflecting -37.8% year-over-year growth. The company earned $-1.39 per diluted share over the past four quarters, with a net profit margin of -8.5%.
Looking at the long-term picture, BAX's historical earnings data spans multiple years. The company achieved its highest annual net income of $4.96B in fiscal 2016.
Baxter International Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including BDX ($941M net income, 7.7% margin), BSX ($3.49B net income, 14.4% margin), EW ($1.00B net income, 17.7% margin), BAX has room to improve margins relative to the peer group. Compare BAX vs BDX →
BAX Earnings vs Peers
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BAX Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$957M | -47.5% | -$308M | $-1.75 | -8.5% | -2.7% |
| 2024 | -$649M | -124.4% | $14M | $-1.27 | -6.1% | 0.1% |
| 2023 | $2.66B | +209.2% | $707M | $5.23 | 25.6% | 6.8% |
| 2022 | -$2.43B | -289.5% | -$2.85B | $-4.83 | -24.2% | -28.3% |
| 2021 | $1.28B | +16.5% | $1.35B | $2.53 | 10.6% | 11.1% |
| 2020 | $1.10B | +10.1% | $1.62B | $2.13 | 9.4% | 13.8% |
| 2019 | $1.00B | -35.3% | $1.77B | $1.93 | 8.8% | 15.6% |
| 2018 | $1.55B | +156.8% | $1.58B | $2.97 | 13.9% | 14.3% |
| 2017 | $602M | -87.9% | $1.29B | $1.08 | 5.7% | 12.2% |
| 2016 | $4.96B | +412.9% | $745M | $9.01 | 48.9% | 7.3% |
| 2015 | $968M | -61.2% | $449M | $1.76 | 9.7% | 4.5% |
| 2014 | $2.50B | +24.1% | $656M | $4.56 | 23.3% | 6.1% |
| 2013 | $2.01B | -13.5% | $496M | $3.66 | 21.4% | 5.3% |
| 2012 | $2.33B | +4.6% | $2.82B | $4.18 | 16.7% | 20.2% |
| 2011 | $2.22B | +56.6% | $2.95B | $3.88 | 16.0% | 21.2% |
| 2010 | $1.42B | -35.6% | $2.14B | $2.39 | 11.1% | 16.6% |
| 2009 | $2.21B | +9.5% | $2.88B | $3.59 | 17.6% | 22.9% |
| 2008 | $2.01B | +18.0% | $2.56B | $3.16 | 16.3% | 20.8% |
| 2007 | $1.71B | +22.3% | $2.17B | $2.61 | 15.2% | 19.2% |
| 2006 | $1.40B | +46.0% | $1.84B | $2.13 | 13.5% | 17.7% |
| 2005 | $956M | +146.4% | $1.64B | $1.52 | 9.7% | 16.6% |
| 2004 | $388M | -55.2% | $895M | $0.63 | 4.1% | 9.4% |
| 2003 | $866M | +12.3% | $1.26B | $1.50 | 9.7% | 14.1% |
| 2002 | $771M | +26.0% | $1.53B | $1.66 | 9.5% | 18.9% |
| 2001 | $612M | -17.3% | $1.22B | $1.09 | 8.3% | 16.6% |
| 2000 | $740M | -7.2% | $1.03B | $1.25 | 11.0% | 15.4% |
| 1999 | $797M | +153.0% | $1.15B | $1.35 | 12.5% | 18.0% |
| 1998 | $315M | +5.0% | $1.01B | $0.55 | 5.5% | 17.8% |
| 1997 | $300M | -55.2% | $887M | $0.53 | 5.7% | 16.9% |
| 1996 | $669M | +3.1% | $911M | $1.23 | 12.3% | 16.8% |
| 1995 | $649M | +8.9% | $814M | $1.18 | 12.9% | 16.1% |
| 1994 | $596M | +401.0% | $1.02B | $1.07 | 6.4% | 11.0% |
| 1993 | -$198M | -144.9% | $239M | $-0.36 | -2.2% | 2.7% |
| 1992 | $441M | -25.4% | $1.04B | $0.77 | 5.2% | 12.3% |
| 1991 | $591M | +1377.5% | $1.09B | $1.00 | 6.6% | 12.2% |
| 1990 | $40M | -91.0% | $362M | $-0.03 | 0.5% | 4.5% |
| 1989 | $446M | - | $834M | $0.75 | 6.0% | 11.3% |
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BAX — Frequently Asked Questions
Quick answers to the most common questions about buying BAX stock.
What is BAX earnings per share (EPS)?
BAX trailing twelve-month (TTM) diluted EPS is $-1.39, reflecting -37.8% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Baxter International Inc.'s net income?
Baxter International Inc. (BAX) trailing twelve-month net income is $-723M as of 2025. Earnings declined -37.8% year-over-year.
Is BAX profitable?
BAX is not currently profitable on a TTM basis, reporting a net loss of $-723M. Net margin is -8.5%. Investors should monitor for a return to profitability.
What is BAX's earnings growth rate?
BAX compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are BAX's profit margins?
Baxter International Inc. net profit margin is -8.5%, operating margin is -2.7%, and gross margin is +30.1%. Below-average margins reflect competitive or cost pressures. Return on Equity is -14.6%.
Is BAX growing earnings?
BAX earnings are declining — EPS fell -37.8% year-over-year. TTM net income dropped to $-723M. This contrasts with the 5-year CAGR of N/A.
What was BAX's best earnings year?
Baxter International Inc.'s highest annual net income on record is $5.0B, achieved in fiscal year 2016. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were BAX's earnings last quarter?
BAX's most recent reported quarter was Q3 2026. Net income was $294M with diluted EPS of $0.57. For a full breakdown of all quarters, see the quarterly earnings table on this page.