Baxter International (BAX) Research & Development (2009 - 2026)
Baxter International (BAX) posted Research & Development of $129 million for Q2 2026, down 3.7% from $134 million a year earlier and down 7.2% from the prior quarter.
Powered by 
Analysis
Baxter International (BAX) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Baxter International was $542 million, up 14.6% year-over-year; for FY2025, it came in at $518 million, down 12.2% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of -0.1% (FY2020 to FY2025).
- In prior years, Baxter International's Research & Development was $590 million in FY2024 (+13.9%), $518 million in FY2023 (+15.1%), $450 million in FY2022 (-15.3%) and $531 million in FY2021 (+1.9%).
- The Q2 2026 figure stands as the lowest quarterly Research & Development since Q4 2023.
- The strongest year-over-year quarter for Research & Development in the past five years was Q1 2022, with growth of 17.2%; the weakest was Q4 2022, with a decline of 98.5%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 129.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 129.00 Mn |
| Mar 31, 2026 | 139.00 Mn |
| Jun 30, 2025 | 134.00 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 |
API Access
Baxter International Research & Development 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=research-and-development&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();