Baxter International (BAX) Cash from Operations (2009 - 2026)
Baxter International's Cash from Operations came in at $558 million for Q3 2026, up 135.4% from $237 million a year earlier and up 87.9% from the prior quarter.
Powered by 
Analysis
Baxter International (BAX) Cash from Operations (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Baxter International reported Cash from Operations of $1.66 billion, up 97.4% year-over-year; for FY2025, it was $951 million, down 6.7% from FY2024.
- Cash from Operations carries a five-year compound annual growth rate of -12.6% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $1.02 billion in FY2024 (-41.0%), $1.73 billion in FY2023 (+42.5%), $1.21 billion in FY2022 (-45.5%) and $2.22 billion in FY2021 (+18.8%).
- The five-year range for quarterly Cash from Operations is -$193 million (Q1 2025) to $693 million (Q4 2021).
- Year-over-year, Cash from Operations increased in three of the last six quarters, with growth averaging 51.5%.
- The fastest year-over-year change in Cash from Operations over five years came in Q2 2025 (growth of 170.4%), and the weakest in Q2 2024 (a decline of 67.2%).
- Business Quant data shows BAX's Cash from Operations at $297 million (Q2 2026), $213 million (Q1 2026) and $596 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 2.55 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 1.74 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 1.89 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 1.22 Bn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 1.79 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 1.46 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 1.05 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 570.30 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 1.03 Bn |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 558.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 558.00 Mn |
| Jun 30, 2026 | 297.00 Mn |
| Mar 31, 2026 | 213.00 Mn |
| Dec 31, 2025 | 596.00 Mn |
| Sep 30, 2025 | 237.00 Mn |
| Jun 30, 2025 | 311.00 Mn |
| Mar 31, 2025 | -193.00 Mn |
| Dec 31, 2024 | 488.00 Mn |
| Sep 30, 2024 | 253.00 Mn |
| Jun 30, 2024 | -620,000.00 |
| Mar 31, 2024 | 163.00 Mn |
| Dec 31, 2023 | 531.00 Mn |
| Sep 30, 2023 | 365.00 Mn |
| Jun 30, 2023 | -390,000.00 |
| Mar 31, 2023 | 479.00 Mn |
| Dec 31, 2022 | 439.00 Mn |
| Sep 30, 2022 | 290.00 Mn |
| Jun 30, 2022 | 274.00 Mn |
| Mar 31, 2022 | 208.00 Mn |
| Dec 31, 2021 | 693.00 Mn |
API Access
Baxter International Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "BAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();