Baxter International (BAX) Cost of Revenue (2009 - 2026)
Baxter International's Cost of Revenue was $1.98 billion in Q3 2026, up 5.1% from $1.89 billion a year earlier and up 2.8% from the prior quarter.
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Analysis
Baxter International (BAX) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Baxter International's Cost of Revenue was $8.12 billion through Sep 30, 2026, up 11.8% year-over-year; for FY2025, it was $7.87 billion, up 18.2% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 2.1% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $6.65 billion in FY2024 (+7.1%), $6.21 billion in FY2023 (-4.6%), $6.51 billion in FY2022 (-12.4%) and $7.43 billion in FY2021 (+4.8%).
- Quarterly Cost of Revenue has moved between -$1.22 billion (Q4 2023) and $2.6 billion (Q2 2023) over five years.
- Compared with a year earlier, Cost of Revenue has increased for six straight quarters, with growth averaging 7.1% over the last seven quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2022 (growth of 34.6%); the worst was Q2 2024 (a decline of 35.9%).
- Per Business Quant data, BAX's Cost of Revenue in the three quarters before Q3 2026 was $1.93 billion (Q2 2026), $1.81 billion (Q1 2026) and $2.4 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 7.01 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 5.63 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 2.72 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 964.40 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 2.27 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 1.71 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 369.20 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 5.93 Bn |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 1.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.98 Bn |
| Jun 30, 2026 | 1.93 Bn |
| Mar 31, 2026 | 1.81 Bn |
| Dec 31, 2025 | 2.40 Bn |
| Sep 30, 2025 | 1.89 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Mar 31, 2025 | 1.76 Bn |
| Dec 31, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.67 Bn |
| Jun 30, 2024 | 1.66 Bn |
| Mar 31, 2024 | 2.21 Bn |
| Dec 31, 2023 | -1.22 Bn |
| Sep 30, 2023 | 2.59 Bn |
| Jun 30, 2023 | 2.60 Bn |
| Mar 31, 2023 | 2.24 Bn |
| Dec 31, 2022 | -575.00 Mn |
| Sep 30, 2022 | 2.56 Bn |
| Jun 30, 2022 | 2.22 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 1.86 Bn |
API Access
Baxter International Cost of Revenue 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=cost-of-revenue&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();