Baxter International BAX
NYSE BAX
$24.41 -0.45 (-1.83%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Baxter International's (BAX) quarterly Net Margin came in at 4.26% in Q2 2026, up 102.0% year-over-year from 2.11% in Q2 2025, and up 866.5% quarter-over-quarter from 0.56% in Q1 2026.

Analysis

Baxter International (BAX) Net Margin (2009 - 2026) Analysis & Trends

Baxter International (BAX) has reported Net Margin for 18 consecutive years, with 4.26% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Margin rose 102.0% year-over-year to 4.26% in Q2 2026; TTM through Jun 2026 was 0.21%, a 235.0% decrease from a year earlier, with the FY2025 full-year figure at 8.51%, down 251.0% from the prior year.
  • Net Margin was 4.26% for Q2 2026 at Baxter International, up from 0.56% in the prior quarter.
  • Over five years, Net Margin peaked at 97.15% in Q3 2023 and troughed at 81.3% in Q3 2022.
  • A 5-year average of 1.64% and a median of 3.16% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin tumbled 9531 bps in 2022 and soared 17845 bps in 2023, its largest moves.
  • Over 5 years, Net Margin stood at 7.32% in 2022, then soared by 275 bps to 12.83% in 2023, then sank by 106 bps to 0.8% in 2024, then jumped by 505 bps to 3.24% in 2025, then soared by 31 bps to 4.26% in 2026.
  • The last three Net Margin figures came in at 4.26% (Q2 2026), 0.56% (Q1 2026), and 3.24% (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Becton Dickinson 50.32 Bn 49.46 Bn 2.32 Bn 7.59%
2 Medline 48.11 Bn 52.93 Bn 2.22 Bn 1.81%
3 West Pharmaceutical Services 23.93 Bn 23.49 Bn 329.20 Mn 16.96%
4 Baxter International 13.34 Bn 11.16 Bn 1.03 Bn 4.26%
5 Stevanato Group S.p.A 6.21 Bn 6.11 Bn 100.91 Mn 7.60%
6 Acme United 241.34 Mn 236.30 Mn 26.69 Mn 8.05%
7 Rockwell Medical 31.74 Mn 6.94 Mn 3.24 Mn -7.32%
8 Retractable Technologies 21.26 Mn -18.61 Mn 190,852.00 38.51%
9 United Health Products 12.24 Mn 12.21 Mn - -
10 Cuprina Holdings (Cayman) 8.09 Mn 4.97 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.26%
Mar 31, 2026 -0.56%
Jun 30, 2025 3.24%
Mar 31, 2025 4.80%
Dec 31, 2024 -0.80%
Sep 30, 2024 3.08%
Jun 30, 2024 -15.07%
Mar 31, 2024 2.89%
Dec 31, 2023 12.83%
Sep 30, 2023 97.15%
Jun 30, 2023 -11.77%
Mar 31, 2023 3.81%
Dec 31, 2022 -7.32%
Sep 30, 2022 -81.30%
Jun 30, 2022 7.10%
Mar 31, 2022 3.88%
Dec 31, 2021 -0.70%
Sep 30, 2021 14.01%
Jun 30, 2021 9.72%
Mar 31, 2021 10.18%