Baxter International (BAX) Operating Expenses (2009 - 2026)
Baxter International (BAX) posted quarterly Operating Expenses of $864.0 million for Q2 2026, up 1.41% year-over-year from $852.0 million in Q2 2025, and little changed quarter-over-quarter from $867.0 million in Q1 2026.
Baxter International (BAX) Operating Expenses (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Operating Expenses for 18 consecutive years, with $864.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 1.41% year-over-year to $864.0 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 2.12% YoY), while the FY2025 annual figure was $3.4 billion, down 4.19% from the prior year.
- Operating Expenses was little changed at $864.0 million in Q2 2026 per BAX's latest filing, from $867.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q1 2024 and bottomed at $15.0 million in Q4 2023.
- Historically, Operating Expenses has averaged $896.4 million across 5 years, with a median of $1.1 billion in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 59.21% — and 2023, when it plunged 89.36%.
- Baxter International's Operating Expenses stood at $141.0 million in 2022, then slumped by 89.36% to $15.0 million in 2023, then surged by 7920.0% to $1.2 billion in 2024, then decreased by 29.18% to $852.0 million in 2025, then increased by 1.41% to $864.0 million in 2026.
- Business Quant data shows BAX's Operating Expenses at $864.0 million in Q2 2026, $867.0 million in Q1 2026, and $852.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 133.90 Bn | 128.68 Bn | 1.96 Bn | 988.50 Mn |
| 2 | Becton Dickinson | 52.32 Bn | 51.46 Bn | 2.32 Bn | 4.32 Bn |
| 3 | Alcon | 35.72 Bn | 34.37 Bn | 1.68 Bn | 1.63 Bn |
| 4 | Resmed | 33.72 Bn | 32.25 Bn | 861.22 Mn | 412.51 Mn |
| 5 | Medline | 28.61 Bn | 25.93 Bn | 2.22 Bn | 1.82 Bn |
| 6 | West Pharmaceutical Services | 24.99 Bn | 24.56 Bn | 329.20 Mn | 137.30 Mn |
| 7 | Solventum | 15.38 Bn | 14.98 Bn | 1.29 Bn | 1.11 Bn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 718.70 Mn |
| 9 | Baxter International | 13.59 Bn | 11.44 Bn | 1.03 Bn | 864.00 Mn |
| 10 | Align Technology | 11.33 Bn | 10.23 Bn | 757.43 Mn | 603.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 864.00 Mn |
| 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 |