Baxter International (BAX) Gross Margin (2009 - 2026)

Baxter International (BAX) has reported Gross Margin for 18 consecutive years, with 34.86% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin fell 40.0% year-over-year to 34.86% in Q2 2026; TTM through Jun 2026 was 34.02%, a 129.0% decrease from a year earlier, with the FY2025 full-year figure at 30.05%, down 741.0% from the prior year.
• Gross Margin was 34.86% for Q2 2026 at Baxter International, up from 32.99% in the prior quarter.
• Over five years, Gross Margin peaked at 40.63% in Q3 2023 and troughed at 28.96% in Q3 2022.
• A 5-year average of 36.61% and a median of 37.6% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin plunged 1199 bps in 2022 and surged 1168 bps in 2023, its largest moves.
• Over 5 years, Gross Margin stood at 37.06% in 2022, then climbed by 9 bps to 40.31% in 2023, then declined by 14 bps to 34.83% in 2024, then climbed by 1 bps to 35.27% in 2025, then decreased by 1 bps to 34.86% in 2026.
• The last three Gross Margin figures came in at 34.86% (Q2 2026), 32.99% (Q1 2026), and 35.27% (Q2 2025), per Business Quant data.