Baxter International (BAX) Operating Expenses (2009 - 2026)
Baxter International (BAX) reported Operating Expenses of $867.0 million for Q1 2026, up 2.85% year-over-year from $843.0 million in Q1 2025, and up 2.85% quarter-over-quarter from $843.0 million in Q1 2025.
Baxter International (BAX) Operating Expenses (2009 - 2026) Analysis & Trends
Baxter International (BAX) has 18 years of Operating Expenses data on file, last reported at $867.0 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $867.0 million, up 2.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $867.0 million (up 2.85% YoY), and the FY2025 annual result was $3.4 billion, down 4.19% from the prior year.
- Operating Expenses grew to $867.0 million in Q1 2026 per BAX's latest filing, from $843.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q1 2024 and troughed at $15.0 million in Q4 2023.
- A 5-year average of $903.4 million and a median of $1.1 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 59.21% in 2022, then plunged 89.36% in 2023.
- A 5-year view of Operating Expenses shows it stood at $141.0 million in 2022, then sank by 89.36% to $15.0 million in 2023, then jumped by 7920.0% to $1.2 billion in 2024, then declined by 29.93% to $843.0 million in 2025, then rose by 2.85% to $867.0 million in 2026.
- Business Quant data shows BAX's Operating Expenses at $867.0 million in Q1 2026, $843.0 million in Q1 2025, and $1.2 billion in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 975.20 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 4.62 Bn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 1.42 Bn |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 391.17 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 115.30 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 1.02 Bn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 718.70 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 594.63 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 867.00 Mn |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 Mn | 875.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 867.00 Mn |
| Mar 31, 2025 | 843.00 Mn |
| Mar 31, 2024 | 1.20 Bn |
| Dec 31, 2023 | 15.00 Mn |
| Sep 30, 2023 | 1.17 Bn |
| Jun 30, 2023 | 1.13 Bn |
| Mar 31, 2023 | 1.16 Bn |
| Dec 31, 2022 | 141.00 Mn |
| Sep 30, 2022 | 1.09 Bn |
| Jun 30, 2022 | 1.12 Bn |
| Mar 31, 2022 | 1.20 Bn |
| Dec 31, 2021 | 998.00 Mn |
| Sep 30, 2021 | 809.00 Mn |
| Jun 30, 2021 | 814.00 Mn |
| Mar 31, 2021 | 755.00 Mn |
| Dec 31, 2020 | 785.00 Mn |
| Sep 30, 2020 | 724.00 Mn |
| Jun 30, 2020 | 707.00 Mn |
| Mar 31, 2020 | 774.00 Mn |
| Dec 31, 2019 | 822.00 Mn |