Baxter International (BAX) Operating Income (2009 - 2026)
Baxter International (BAX) recorded Operating Income of $225 million in Q3 2026, up 30.8% from $172 million a year earlier and up 3.7% from the prior quarter.
Powered by 
Analysis
Baxter International (BAX) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Baxter International's Operating Income came in at -$221 million as of Sep 30, 2026; for FY2025, it was -$308 million.
- Across earlier years, Operating Income came in at $14 million in FY2024 (-98.0%), $707 million in FY2023, -$2.85 billion in FY2022 and $1.35 billion in FY2021 (-16.5%).
- The Q3 2026 figure is the highest quarterly Operating Income since Q4 2023.
- On a year-over-year basis, Operating Income has increased for three consecutive quarters, with an average decline of 2.7% over the last four quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 45.0% in Q1 2024, against a decline of 94.3% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $217 million (Q2 2026), $66 million (Q1 2026) and -$729 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 2.26 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 1.36 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 1.25 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 592.60 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 1.76 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 1.03 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 828.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 299.10 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 500.00 Mn |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 225.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 225.00 Mn |
| Jun 30, 2026 | 217.00 Mn |
| Mar 31, 2026 | 66.00 Mn |
| Dec 31, 2025 | -729.00 Mn |
| Sep 30, 2025 | 172.00 Mn |
| Jun 30, 2025 | 191.00 Mn |
| Mar 31, 2025 | 58.00 Mn |
| Dec 31, 2024 | -435.00 Mn |
| Sep 30, 2024 | 155.00 Mn |
| Jun 30, 2024 | 179.00 Mn |
| Mar 31, 2024 | 187.00 Mn |
| Dec 31, 2023 | 646.00 Mn |
| Sep 30, 2023 | -51.00 Mn |
| Jun 30, 2023 | -17.00 Mn |
| Mar 31, 2023 | 129.00 Mn |
| Dec 31, 2022 | -312.00 Mn |
| Sep 30, 2022 | -2.88 Bn |
| Jun 30, 2022 | 264.00 Mn |
| Mar 31, 2022 | 163.00 Mn |
| Dec 31, 2021 | 23.00 Mn |
API Access
Baxter International Operating Income 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-income&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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-income&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();