Baxter International (BAX) Operating Leases (2019 - 2026)
Baxter International (BAX) reported Operating Leases of $208 million for Q2 2026, down 7.6% from $225 million a year earlier and down 7.1% from the prior quarter.
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Analysis
Baxter International (BAX) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Baxter International posted Operating Leases of $223 million, down 8.2% from FY2024.
- Operating Leases has declined for four consecutive years, with a five-year compound annual growth rate of -14.9% (FY2020 to FY2025).
- By year, Operating Leases came in at $243 million in FY2024 (-8.3%), $265 million in FY2023 (-40.7%), $447 million in FY2022 (-14.4%) and $522 million in FY2021 (+4.2%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now declined in each of the last eight quarters, with an average decline of 23.0% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q1 2022 (growth of 7.6%); the low point was Q2 2025 (a decline of 48.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $224 million (Q1 2026), $223 million (Q4 2025) and $210 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 208.00 Mn |
| Mar 31, 2026 | 224.00 Mn |
| Dec 31, 2025 | 223.00 Mn |
| Sep 30, 2025 | 210.00 Mn |
| Jun 30, 2025 | 225.00 Mn |
| Mar 31, 2025 | 235.00 Mn |
| Dec 31, 2024 | 243.00 Mn |
| Sep 30, 2024 | 259.00 Mn |
| Jun 30, 2024 | 439.00 Mn |
| Mar 31, 2024 | 444.00 Mn |
| Dec 31, 2023 | 265.00 Mn |
| Sep 30, 2023 | 436.00 Mn |
| Jun 30, 2023 | 438.00 Mn |
| Mar 31, 2023 | 458.00 Mn |
| Dec 31, 2022 | 447.00 Mn |
| Sep 30, 2022 | 454.00 Mn |
| Jun 30, 2022 | 470.00 Mn |
| Mar 31, 2022 | 508.00 Mn |
| Dec 31, 2021 | 522.00 Mn |
| Sep 30, 2021 | 484.00 Mn |
API Access
Baxter International Operating Leases 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-leases&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();