Baxter International (BAX) Cost of Revenue (2009 - 2026)

Baxter International's (BAX) quarterly Cost of Revenue came in at $1.8 billion in Q1 2026, up 2.61% year-on-year from $1.8 billion in Q1 2025, and up 2.61% on a QoQ basis from $1.8 billion in Q1 2025.

Baxter International (BAX) Cost of Revenue (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Cost of Revenue data on file, last reported at $1.8 billion in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 2.61% year-over-year to $1.8 billion in Q1 2026; TTM through Mar 2026 was $7.0 billion, a 2.13% increase from a year earlier, with the FY2025 full-year figure at $7.9 billion, up 18.24% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $1.8 billion, up from $1.8 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for BAX reached as high as $2.6 billion in Q2 2023 and fell as low as -$1.2 billion in Q4 2023.
  • Historically, Cost of Revenue has averaged $1.7 billion across 5 years, with a median of $2.0 billion in 2024.
  • Across the five-year window, Cost of Revenue sank 131.0% in 2022 and jumped 247.65% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at -$575.0 million in 2022, then slumped by 111.3% to -$1.2 billion in 2023, then soared by 247.65% to $1.8 billion in 2024, then decreased by 1.67% to $1.8 billion in 2025, then advanced by 2.61% to $1.8 billion in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $1.8 billion in Q1 2026, $1.8 billion in Q1 2025, and $1.8 billion in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Intuitive Surgical 126.32 Bn 121.10 Bn 1.96 Bn 931.90 Mn
2 Becton Dickinson 44.69 Bn 43.88 Bn 2.15 Bn 2.56 Bn
3 Alcon 32.80 Bn 31.14 Bn 1.53 Bn 18.00 Mn
4 Medline 32.72 Bn 30.49 Bn 1.84 Bn 5.51 Bn
5 Resmed 29.54 Bn 27.88 Bn 890.98 Mn 532.58 Mn
6 West Pharmaceutical Services 23.56 Bn 23.13 Bn 329.20 Mn 543.10 Mn
7 Solventum 14.00 Bn 13.44 Bn 1.10 Bn 11.00 Mn
8 Cooper Companies 13.75 Bn 13.61 Bn 735.40 Mn 346.10 Mn
9 Align Technology 12.03 Bn 10.97 Bn 736.59 Mn 303.50 Mn
10 Baxter International 12.00 Bn 9.98 Bn 891.00 Mn 1.81 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.81 Bn
Mar 31, 2026 1.81 Bn
Mar 31, 2025 1.76 Bn
Mar 31, 2025 1.76 Bn
Dec 31, 2024 1.79 Bn
Dec 31, 2024 1.79 Bn
Sep 30, 2024 1.67 Bn
Sep 30, 2024 1.67 Bn
Jun 30, 2024 1.66 Bn
Jun 30, 2024 1.66 Bn
Mar 31, 2024 2.21 Bn
Mar 31, 2024 2.21 Bn
Dec 31, 2023 -1.22 Bn
Dec 31, 2023 -1.22 Bn
Sep 30, 2023 2.59 Bn
Sep 30, 2023 2.59 Bn
Jun 30, 2023 2.60 Bn
Jun 30, 2023 2.60 Bn
Mar 31, 2023 2.24 Bn
Mar 31, 2023 2.24 Bn