Baxter International (BAX) Operating Expenses (2009 - 2026)
Baxter International (BAX) posted Operating Expenses of $864 million for Q2 2026, up 1.4% from $852 million a year earlier but down 0.3% from the prior quarter.
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Analysis
Baxter International (BAX) Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Baxter International was $3.43 billion, up 17.6% year-over-year; for FY2025, it came in at $3.41 billion, down 4.2% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- In prior years, Baxter International's Operating Expenses was $3.56 billion in FY2024 (+2.5%), $3.47 billion in FY2023 (-2.1%), $3.55 billion in FY2022 (+5.1%) and $3.38 billion in FY2021 (+12.9%).
- Quarterly Operating Expenses has run from a low of $15 million in Q4 2023 to a high of $1.2 billion in Q1 2024 over five years.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2022, with growth of 59.2%; the weakest was Q4 2023, with a decline of 89.4%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 840.10 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 4.32 Bn |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 864.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 864.00 Mn |
| Mar 31, 2026 | 867.00 Mn |
| Jun 30, 2025 | 852.00 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 |
API Access
Baxter International Operating Expenses 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=operating-expenses&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();