Baxter International (BAX) Intangibles (2009 - 2026)
Baxter International's Intangibles came in at $4.07 billion for Q2 2026, down 17.7% from $4.95 billion a year earlier and down 3.4% from the prior quarter.
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Analysis
Baxter International (BAX) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Baxter International's Intangibles was $4.37 billion, down 16.4% from FY2024.
- Intangibles has declined in each of the last four years, though with a five-year compound annual growth rate of 21.2% (FY2020 to FY2025).
- Going back by year, Intangibles was $5.22 billion in FY2024 (-11.7%), $5.92 billion in FY2023 (-12.9%), $6.79 billion in FY2022 (-12.8%) and $7.79 billion in FY2021 (+366.3%).
- The Q2 2026 figure represents the lowest quarterly Intangibles since Q3 2021.
- Year-over-year, Intangibles has declined for 15 consecutive quarters, with an average decline of 14.4% over the last eight quarters.
- The fastest year-over-year change in Intangibles over five years came in Q4 2021 (growth of 366.3%), and the weakest in Q2 2026 (a decline of 17.7%).
- Business Quant data shows BAX's Intangibles at $4.22 billion (Q1 2026), $4.37 billion (Q4 2025) and $4.81 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 18.61 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 17.21 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 21.36 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 1.14 Bn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 10.24 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 5.74 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 6.92 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 1.38 Bn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 448.00 Mn |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 4.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.07 Bn |
| Mar 31, 2026 | 4.22 Bn |
| Dec 31, 2025 | 4.37 Bn |
| Sep 30, 2025 | 4.81 Bn |
| Jun 30, 2025 | 4.95 Bn |
| Mar 31, 2025 | 5.08 Bn |
| Dec 31, 2024 | 5.22 Bn |
| Sep 30, 2024 | 5.45 Bn |
| Jun 30, 2024 | 5.74 Bn |
| Mar 31, 2024 | 5.91 Bn |
| Dec 31, 2023 | 5.92 Bn |
| Sep 30, 2023 | 6.23 Bn |
| Jun 30, 2023 | 6.47 Bn |
| Mar 31, 2023 | 6.64 Bn |
| Dec 31, 2022 | 6.79 Bn |
| Sep 30, 2022 | 6.93 Bn |
| Jun 30, 2022 | 7.46 Bn |
| Mar 31, 2022 | 7.69 Bn |
| Dec 31, 2021 | 7.79 Bn |
| Sep 30, 2021 | 1.88 Bn |
API Access
Baxter International Intangibles 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=intangibles&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();