Baxter International (BAX) EBITDA (2009 - 2026)
Baxter International's EBITDA came in at $464 million for Q3 2026, up 13.4% from $409 million a year earlier and up 1.8% from the prior quarter.
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Analysis
Baxter International (BAX) EBITDA (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Baxter International reported EBITDA of $734 million, down 54.7% year-over-year; for FY2025, it came in at $673 million, down 33.4% from FY2024.
- EBITDA carries a five-year compound annual growth rate of -22.7% (FY2020 to FY2025).
- Going back by year, EBITDA was $1.01 billion in FY2024 (-40.2%), $1.69 billion in FY2023, -$1.77 billion in FY2022 and $2.22 billion in FY2021 (-9.1%).
- The Q3 2026 figure represents the highest quarterly EBITDA since Q4 2023.
- Year-over-year, EBITDA increased in two of the last four quarters, with an average decline of 4.7%.
- The fastest year-over-year change in EBITDA over five years came in Q3 2026 (growth of 13.4%), and the weakest in Q4 2021 (a decline of 60.4%).
- Business Quant data shows BAX's EBITDA at $456 million (Q2 2026), $303 million (Q1 2026) and -$489 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 3.09 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 2.61 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 1.97 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 789.70 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 2.49 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | - |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 1.19 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 344.00 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 769.00 Mn |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 464.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 464.00 Mn |
| Jun 30, 2026 | 456.00 Mn |
| Mar 31, 2026 | 303.00 Mn |
| Dec 31, 2025 | -489.00 Mn |
| Sep 30, 2025 | 409.00 Mn |
| Jun 30, 2025 | 448.00 Mn |
| Mar 31, 2025 | 305.00 Mn |
| Dec 31, 2024 | -190.00 Mn |
| Sep 30, 2024 | 409.00 Mn |
| Jun 30, 2024 | 406.00 Mn |
| Mar 31, 2024 | 458.00 Mn |
| Dec 31, 2023 | 910.00 Mn |
| Sep 30, 2023 | 41.00 Mn |
| Jun 30, 2023 | 298.00 Mn |
| Mar 31, 2023 | 442.00 Mn |
| Dec 31, 2022 | -294.00 Mn |
| Sep 30, 2022 | -2.55 Bn |
| Jun 30, 2022 | 607.00 Mn |
| Mar 31, 2022 | 543.00 Mn |
| Dec 31, 2021 | 245.00 Mn |
API Access
Baxter International EBITDA 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=ebitda&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();