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
DateValue
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