Baxter International (BAX) Research & Development (2009 - 2026)
Baxter International (BAX) reported Research & Development of $139.0 million for Q1 2026, down 0.71% year-over-year from $140.0 million in Q1 2025, and down 0.71% on a QoQ basis from $140.0 million in Q1 2025.
Baxter International (BAX) has 18 years of Research & Development data on file, last reported at $139.0 million in Q1 2026.
- Quarterly Research & Development fell 0.71% year-over-year to $139.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $478.0 million (down 5.35% YoY) and the FY2025 annual result came in at $518.0 million, down 12.2% from the prior year.
- Research & Development declined to $139.0 million in Q1 2026 per BAX's latest filing, from $140.0 million in the prior quarter.
- Across five years, Research & Development topped out at $176.0 million in Q1 2024 and bottomed at $2.0 million in Q4 2022.
- The 5-year median for Research & Development is $150.0 million (2022), against an average of $129.5 million.
- The widest annual swing landed in 2022, when Research & Development slumped 98.52%; it then surged 1050.0% in 2023.
- Tracing BAX's Research & Development over 5 years: stood at $2.0 million in 2022, then surged by 1050.0% to $23.0 million in 2023, then surged by 665.22% to $176.0 million in 2024, then slipped by 20.45% to $140.0 million in 2025, then fell by 0.71% to $139.0 million in 2026.
- Per Business Quant, the three latest BAX Research & Development figures stand at $139.0 million (Q1 2026), $140.0 million (Q1 2025), and $176.0 million (Q1 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 94.27 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 15.80 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 189.00 Mn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 44.30 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 98.66 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 139.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | - |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 14.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 139.00 Mn |
| Mar 31, 2025 | 140.00 Mn |
| Mar 31, 2024 | 176.00 Mn |
| Dec 31, 2023 | 23.00 Mn |
| Sep 30, 2023 | 166.00 Mn |
| Jun 30, 2023 | 165.00 Mn |
| Mar 31, 2023 | 164.00 Mn |
| Dec 31, 2022 | 2.00 Mn |
| Sep 30, 2022 | 151.00 Mn |
| Jun 30, 2022 | 148.00 Mn |
| Mar 31, 2022 | 150.00 Mn |
| Dec 31, 2021 | 135.00 Mn |
| Sep 30, 2021 | 129.00 Mn |
| Jun 30, 2021 | 139.00 Mn |
| Mar 31, 2021 | 128.00 Mn |
| Dec 31, 2020 | 135.00 Mn |
| Sep 30, 2020 | 123.00 Mn |
| Jun 30, 2020 | 117.00 Mn |
| Mar 31, 2020 | 146.00 Mn |
| Dec 31, 2019 | 156.00 Mn |
| Sep 30, 2019 | 144.00 Mn |
| Jun 30, 2019 | 166.00 Mn |
| Mar 31, 2019 | 129.00 Mn |
| Dec 31, 2018 | 175.00 Mn |
| Sep 30, 2018 | 166.00 Mn |
| Jun 30, 2018 | 172.00 Mn |
| Mar 31, 2018 | 141.00 Mn |
| Dec 31, 2017 | 183.00 Mn |
| Sep 30, 2017 | 150.00 Mn |
| Jun 30, 2017 | 155.00 Mn |
| Mar 31, 2017 | 127.00 Mn |
| Dec 31, 2016 | 156.00 Mn |
| Sep 30, 2016 | 159.00 Mn |
| Jun 30, 2016 | 195.00 Mn |
| Mar 31, 2016 | 136.00 Mn |
| Dec 31, 2015 | 161.00 Mn |
| Sep 30, 2015 | 148.00 Mn |
| Jun 30, 2015 | 151.00 Mn |
| Mar 31, 2015 | 143.00 Mn |
| Dec 31, 2014 | 156.00 Mn |
| Sep 30, 2014 | 149.00 Mn |
| Jun 30, 2014 | 40.00 Mn |
| Mar 31, 2014 | 309.00 Mn |
| Dec 31, 2013 | 15.00 Mn |
| Sep 30, 2013 | 85.00 Mn |
| Jun 30, 2013 | 273.00 Mn |
| Mar 31, 2013 | 50.00 Mn |
| Dec 31, 2012 | 216.00 Mn |
| Sep 30, 2012 | 50.00 Mn |
| Jun 30, 2012 | 30.00 Mn |
| Mar 31, 2012 | 33.00 Mn |
| Dec 31, 2011 | 254.00 Mn |
| Sep 30, 2011 | 239.00 Mn |
| Dec 31, 2010 | 30.00 Mn |
| Sep 30, 2010 | 207.00 Mn |
| Jun 30, 2010 | 219.00 Mn |
| Mar 31, 2010 | 227.00 Mn |
| Dec 31, 2009 | 246.00 Mn |
| Sep 30, 2009 | 228.00 Mn |
| Jun 30, 2009 | 231.00 Mn |
| Mar 31, 2009 | 212.00 Mn |