Baxter International (BAX) Tax Rate (2009 - 2026)
Baxter International's Tax Rate was 14.56% in Q2 2026, up 6.29 percentage points from 8.27% a year earlier and up 197.89 percentage points from the prior quarter.
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Analysis
Baxter International (BAX) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Baxter International's Tax Rate was -7.80% through Jun 30, 2026, down 41.70 percentage points year-over-year; for FY2025, it came in at -78.22%, down 65.42 percentage points from FY2024.
- Tax Rate shows a five-year change of -92.30 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was -12.80% in FY2024 (-38.01 pp), 25.21% in FY2023 (+21.05 pp), 4.16% in FY2022 (-3.28 pp) and 7.44% in FY2021 (-6.65 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q1 2025.
- The best year-over-year quarter for Tax Rate over five years was Q1 2025 (a gain of 2166.95 percentage points); the worst was Q1 2026 (a drop of 2416.67 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 8.68% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 39.11% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 19.29% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 21.94% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 18.41% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 14.62% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 53.56% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 18.41% |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 14.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.56% |
| Jun 30, 2025 | 8.27% |
| Mar 31, 2024 | 66.38% |
| Dec 31, 2023 | 44.60% |
| Mar 31, 2023 | 100.00% |
| Jun 30, 2022 | 15.53% |
| Mar 31, 2022 | 22.34% |
| Jun 30, 2021 | 23.21% |
| Mar 31, 2021 | 14.53% |
| Dec 31, 2020 | 18.57% |
| Sep 30, 2020 | 13.49% |
| Jun 30, 2020 | 14.53% |
| Mar 31, 2020 | 11.90% |
| Sep 30, 2019 | 22.04% |
| Jun 30, 2019 | 3.99% |
| Mar 31, 2019 | 11.40% |
| Dec 31, 2018 | 24.70% |
| Jun 30, 2018 | 15.59% |
| Mar 31, 2018 | 10.75% |
| Dec 31, 2017 | 200.00% |
API Access
Baxter International Tax Rate 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=tax-rate&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();