Baxter International (BAX) Tax Rate (2009 - 2026)
Baxter International (BAX) posted quarterly Tax Rate of 14.56% for Q2 2026, up 629.0% year-over-year from 2.0% in Q2 2025, and up 107.94% quarter-over-quarter from 183.33% in Q1 2026.
Baxter International (BAX) Tax Rate (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Tax Rate for 18 consecutive years, with 14.56% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 629.0% year-over-year to 14.56%; the TTM figure through Jun 2026 stood at 7.8% (down 2475.0% YoY), while the FY2025 annual figure was 78.22%, down 6542.0% from the prior year.
- Tax Rate climbed to 14.56% in Q2 2026 per BAX's latest filing, from 183.33% in the prior quarter.
- Across five years, Tax Rate topped out at 2233.33% in Q1 2025 and bottomed at 183.33% in Q1 2026.
- Historically, Tax Rate has averaged 190.41% across 5 years, with a median of 22.34% in 2022.
- Annual changes were most pronounced in 2025 — Tax Rate jumped 216695 bps — and 2026, when it plunged 241667 bps.
- Baxter International's Tax Rate stood at 27.75% in 2022, then jumped by 61 bps to 44.6% in 2023, then jumped by 49 bps to 66.38% in 2024, then sank by 88 bps to 8.27% in 2025, then jumped by 76 bps to 14.56% in 2026.
- Business Quant data shows BAX's Tax Rate at 14.56% in Q2 2026, 183.33% in Q1 2026, and 8.27% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 135.15 Bn | 129.93 Bn | 1.96 Bn | 21.94% |
| 2 | Becton Dickinson | 52.59 Bn | 51.73 Bn | 2.32 Bn | 18.41% |
| 3 | Alcon | 35.79 Bn | 34.44 Bn | 1.68 Bn | 100.00% |
| 4 | Resmed | 33.95 Bn | 32.48 Bn | 861.22 Mn | 19.14% |
| 5 | Medline | 29.18 Bn | 26.50 Bn | 2.22 Bn | 40.85% |
| 6 | West Pharmaceutical Services | 24.92 Bn | 24.48 Bn | 329.20 Mn | 17.88% |
| 7 | Solventum | 15.39 Bn | 14.99 Bn | 1.29 Bn | 13.89% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -60.95% |
| 9 | Baxter International | 13.62 Bn | 11.47 Bn | 1.03 Bn | 14.56% |
| 10 | Align Technology | 11.45 Bn | 10.35 Bn | 757.43 Mn | 27.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.56% |
| Jun 30, 2026 | 14.56% |
| Jun 30, 2026 | 14.56% |
| Mar 31, 2026 | -183.33% |
| Mar 31, 2026 | -183.33% |
| Mar 31, 2026 | -183.33% |
| Mar 31, 2025 | 2,233.33% |
| Mar 31, 2025 | 2,233.33% |
| Mar 31, 2025 | 2,233.33% |
| Mar 31, 2024 | 66.38% |
| Mar 31, 2024 | 66.38% |
| Mar 31, 2024 | 66.38% |
| Dec 31, 2023 | 44.60% |
| Dec 31, 2023 | 44.60% |
| Dec 31, 2023 | 44.60% |
| Sep 30, 2023 | 129.65% |
| Sep 30, 2023 | 129.65% |
| Sep 30, 2023 | 129.65% |
| Jun 30, 2023 | -5.46% |
| Jun 30, 2023 | -5.46% |