Baxter International Inc. (BAX) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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BAX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BAX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 30.1% | -2.7% | -8.5% |
| 2024 | 37.5% | 0.1% | -6.1% |
| 2023 | 40.1% | 6.8% | 25.6% |
| 2022 | 35.3% | -28.3% | -24.2% |
| 2021 | 38.9% | 11.1% | 10.6% |
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Baxter International Inc. (BAX) Earnings Overview
As of May 8, 2026, Baxter International Inc. (BAX) reported trailing twelve-month net income of -$1.10B, reflecting -37.8% year-over-year growth. The company earned $-2.13 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 ($1.14B net income, 7.7% margin), BSX ($2.89B net income, 14.4% margin), EW ($1.07B net income, 17.7% margin), BAX has room to improve margins relative to the peer group. Compare BAX vs BDX →
BAX Earnings vs Peers
Earnings metrics vs comparable public companies
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% |
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Start ComparisonBAX — Frequently Asked Questions
Quick answers to the most common questions about buying BAX stock.
Is BAX growing earnings?
BAX EPS fell to $-2.13, with earnings declining -37.8%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-1.1B.
What are BAX's profit margins?
Baxter International Inc. net margin is -8.5%, with operating margin at -2.7%. Below-average margins reflect competitive or cost pressures.
How consistent are BAX's earnings?
BAX earnings data spans 1989-2025. The declining earnings trend is -37.8% YoY. Historical data enables comparison across business cycles.