Baxter International Inc. (BAX) Quarterly Income Statement

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Baxter International Inc. (BAX) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

BAX Income Statement

Baxter International Inc. (BAX) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	2.98B	2.96B	2.7B	2.97B	2.83B	2.81B	2.63B	2.75B	2.7B	2.69B	2.49B	3.88B	2.6B	3.71B	3.51B	3.89B	3.61B	3.59B	3.71B	3.51B
Revenue Growth %	4.97%	5.34%	2.9%	8.03%	5.04%	4.31%	5.42%	-29.14%	3.85%	-27.33%	-29.12%	-0.05%	-27.99%	3.14%	-5.23%	10.61%	11.87%	16.01%	25.83%	10.47%
Cost of Goods Sold	1.98B	1.93B	1.81B	2.4B	1.89B	1.82B	1.76B	1.79B	1.67B	1.66B	1.53B	2.41B	1.54B	2.6B	2.24B	2.42B	2.56B	2.22B	2.36B	2.11B
COGS % of Revenue	66.6%	65.14%	67.01%	80.6%	66.49%	64.73%	67.2%	65.17%	61.73%	61.73%	61.41%	62.11%	59.37%	70.03%	63.71%	62.36%	71.04%	61.85%	63.64%	59.99%
Gross Profit	994M	1.03B	891M	577M	950M	991M	861M	959M	1.03B	1.03B	961M	1.47B	1.06B	1.11B	1.27B	1.46B	1.04B	1.37B	1.35B	1.41B
Gross Margin %	33.4%	34.86%	32.99%	19.4%	33.51%	35.27%	32.8%	34.83%	38.27%	38.27%	38.59%	37.89%	40.63%	29.97%	36.29%	37.64%	28.96%	38.15%	36.36%	40.01%
Gross Profit Growth %	4.63%	4.14%	3.48%	-39.83%	-8.03%	-3.88%	-10.41%	-34.85%	-2.18%	-7.2%	-24.63%	0.62%	1.05%	-18.96%	-5.42%	4.05%	-20.89%	11.19%	17.73%	18.05%
Operating Expenses	769M	815M	825M	1.31B	778M	800M	803M	1.39B	878M	852M	846M	1.14B	877M	1.13B	1.15B	1.11B	3.92B	1.11B	1.19B	1.02B
OpEx % of Revenue	25.84%	27.53%	30.54%	43.91%	27.44%	28.47%	30.59%	50.64%	32.53%	31.63%	33.98%	29.42%	33.74%	30.43%	32.62%	28.56%	108.76%	30.8%	31.97%	29.11%
Selling, General & Admin	730M	735M	728M	761M	708M	718M	703M	761M	754M	723M	729M	977M	744M	964M	995M	912M	941M	970M	1.05B	885M
SG&A % of Revenue	24.53%	24.83%	26.95%	25.59%	24.97%	25.55%	26.78%	27.64%	27.94%	26.84%	29.28%	25.15%	28.63%	26%	28.32%	23.46%	26.07%	26.99%	28.38%	25.19%
Research & Development	125M	129M	139M	126M	118M	134M	140M	211M	129M	130M	120M	172M	133M	165M	164M	155M	151M	148M	150M	138M
R&D % of Revenue	4.2%	4.36%	5.15%	4.24%	4.16%	4.77%	5.33%	7.66%	4.78%	4.83%	4.82%	4.43%	5.12%	4.45%	4.67%	3.99%	4.18%	4.12%	4.05%	3.93%
Other Operating Expenses	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	0	-1000K	-1000K	1000K	1000K	-1000K	-1000K	0
Operating Income	225M	217M	66M	-729M	172M	191M	58M	-435M	155M	179M	115M	329M	179M	-17M	129M	353M	-2.88B	264M	163M	383M
Operating Margin %	7.56%	7.33%	2.44%	-24.51%	6.07%	6.8%	2.21%	-15.8%	5.74%	6.64%	4.62%	8.47%	6.89%	-0.46%	3.67%	9.08%	-79.8%	7.35%	4.4%	10.9%
Operating Income Growth %	30.81%	13.61%	13.79%	-67.59%	10.97%	6.7%	-49.57%	-232.22%	-13.41%	1152.94%	-10.85%	-6.8%	106.22%	-106.44%	-20.86%	-7.83%	-661.4%	-37.74%	-58.21%	-5.67%
EBITDA	478M	456M	303M	-489M	409M	448M	305M	-190M	409M	406M	386M	653M	271M	298M	442M	687M	-2.55B	607M	543M	628M
EBITDA Margin %	16.06%	15.41%	11.22%	-16.44%	14.43%	15.94%	11.62%	-6.9%	15.15%	15.07%	15.5%	16.81%	10.43%	8.04%	12.58%	17.67%	-70.63%	16.89%	14.65%	17.87%
EBITDA Growth %	16.87%	1.79%	-0.66%	-157.37%	0%	10.34%	-20.98%	-129.1%	50.92%	36.24%	-12.67%	-4.95%	110.63%	-50.91%	-18.6%	9.39%	-454.52%	-6.04%	-10.54%	1.45%
D&A (Non-Cash Add-back)	0	239M	237M	240M	237M	257M	247M	245M	254M	227M	271M	324M	92M	315M	313M	334M	331M	343M	380M	245M
EBIT	478M	235M	60M	-687M	189M	205M	78M	-421M	170M	221M	149M	355M	200M	-51M	141M	349M	-2.94B	312M	182M	361M
Net Interest Income	-61M	-64M	-66M	-58M	-58M	-58M	-64M	-90M	-87M	-86M	-78M	-73M	-127M	-124M	-117M	-117M	-104M	-89M	-85M	-74M
Interest Income	0	13M	12M	11M	10M	14M	17M	10M	14M	18M	25M	44M	9M	8M	10M	8M	5M	4M	3M	4M
Interest Expense	61M	77M	78M	69M	68M	72M	81M	100M	101M	104M	103M	117M	136M	132M	127M	125M	109M	93M	88M	78M
Other Income/Expense	192M	-59M	-72M	-27M	-51M	-58M	-61M	-86M	-86M	-62M	-69M	-91M	-115M	-166M	-115M	-129M	-165M	-45M	-69M	-100M
Pretax Income	417M	158M	-6M	-756M	121M	133M	-3M	-521M	69M	117M	46M	238M	64M	-183M	14M	224M	-3.04B	219M	94M	283M
Pretax Margin %	14.01%	5.34%	-0.22%	-25.42%	4.27%	4.73%	-0.11%	-18.92%	2.56%	4.34%	1.85%	6.13%	2.46%	-4.94%	0.4%	5.76%	-84.37%	6.09%	2.54%	8.05%
Income Tax	119M	23M	11M	279M	172M	11M	-67M	-33M	8M	22M	40M	165M	27M	10M	-30M	39M	-54M	34M	21M	41M
Effective Tax Rate %	28.54%	14.56%	-183.33%	-36.9%	142.15%	8.27%	2233.33%	6.33%	11.59%	18.8%	86.96%	69.33%	42.19%	-5.46%	-214.29%	17.41%	1.77%	15.53%	22.34%	14.49%
Net Income	294M	126M	-15M	-1.13B	-46M	91M	126M	-512M	140M	-314M	37M	245M	2.51B	-141M	44M	181M	-2.94B	252M	71M	238M
Net Margin %	9.88%	4.26%	-0.56%	-37.93%	-1.62%	3.24%	4.8%	-18.6%	5.19%	-11.66%	1.49%	6.31%	96.5%	-3.8%	1.25%	4.66%	-81.38%	7.01%	1.92%	6.77%
Net Income Growth %	739.13%	38.46%	-111.9%	-120.31%	-132.86%	128.98%	240.54%	-308.98%	-94.42%	-122.69%	-15.91%	35.36%	185.39%	-155.95%	-38.03%	-23.95%	-752.67%	-15.44%	-76.17%	41.67%
Net Income (Continuing)	298M	135M	-17M	-1.03B	-51M	122M	64M	-488M	61M	95M	6M	73M	37M	-193M	44M	185M	-2.99B	185M	73M	242M
Discontinued Operations	-1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	0	0
Minority Interest	-27M	-27M	-27M	-27M	-27M	-27M	-27M	60M	70M	65M	62M	66M	65M	62M	62M	62M	44M	44M	44M	44M
EPS (Diluted)	0.57	0.24	-0.03	-2.16	-0.09	0.18	0.25	-1.00	0.27	-0.61	0.07	0.48	4.93	-0.28	0.09	0.36	-5.83	0.50	0.14	0.47
EPS Growth %	736.87%	33.33%	-112%	-116%	-133.15%	129.51%	244.35%	-308.33%	-94.52%	-117.86%	-19.33%	33.33%	184.56%	-156%	-35.71%	-23.4%	-755.06%	-15.25%	-75.86%	42.42%
EPS (Basic)	0.57	0.24	-0.03	-2.16	-0.09	0.18	0.25	-1.00	0.28	-0.61	0.07	0.48	4.95	-0.28	0.09	0.36	-5.83	0.50	0.14	0.48
Diluted Shares Outstanding	520M	518M	515M	514M	514M	514M	514M	510M	512M	510M	510M	507M	507M	506M	507M	507M	504M	508M	509M	507M
Basic Shares Outstanding	517M	517M	515M	514M	514M	513M	512M	510M	510M	510M	508M	507M	507M	506M	505M	504M	504M	504M	503M	501M
Dividend Payout Ratio	1.7%	7.94%	-	-	-	95.6%	69.05%	-	105.71%	-	397.3%	60%	5.86%	-	331.82%	80.66%	-	55.95%	197.18%	58.82%