Baxter International Inc (BAX) stock
BAXNYSESurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 9/304% above fair value
$25.81+0.07 (+0.27%)
Close on Nov 13, 2026Market cap $13.35BP/E –Yield 2.01%
Baxter International gross margin
Gross margin is gross profit as a percentage of revenue.
Baxter International's gross margin for the twelve months ending Sep 30, 2026 was 30.1%. For fiscal 2025 it was 30.1%, against 37.5% the year before. The highest annual figure on record is 51.9% in fiscal 2009.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 30.1% | −7.4 |
| FY2024 | Dec 31, 2024 | 37.5% | −2.6 |
| FY2023 | Dec 31, 2023 | 40.1% | +4.8 |
| FY2022 | Dec 31, 2022 | 35.3% | −3.6 |
| FY2021 | Dec 31, 2021 | 38.9% | −0.4 |
| FY2020 | Dec 31, 2020 | 39.3% | −2.6 |
| FY2019 | Dec 31, 2019 | 41.9% | −1.0 |
| FY2018 | Dec 31, 2018 | 42.9% | +0.6 |
| FY2017 | Dec 31, 2017 | 42.3% | +1.8 |
| FY2016 | Dec 31, 2016 | 40.5% | −1.1 |
| FY2015 | Dec 31, 2015 | 41.6% | −1.1 |
| FY2014 | Dec 31, 2014 | 42.7% | −1.5 |
| FY2013 | Dec 31, 2013 | 44.2% | −7.0 |
| FY2012 | Dec 31, 2012 | 51.2% | +0.5 |
| FY2011 | Dec 31, 2011 | 50.7% | +4.3 |
| FY2010 | Dec 31, 2010 | 46.4% | −5.6 |
| FY2009 | Dec 31, 2009 | 51.9% | +2.3 |
| FY2008 | Dec 31, 2008 | 49.6% | +0.6 |
| FY2007 | Dec 31, 2007 | 49.0% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 33.4% | −0.1 |
| Q2 FY2026 | Jun 30, 2026 | 34.9% | −0.4 |
| Q1 FY2026 | Mar 31, 2026 | 33.0% | +0.2 |
| Q4 FY2025 | Dec 31, 2025 | 19.4% | −15.4 |
| Q3 FY2025 | Sep 30, 2025 | 33.5% | −4.8 |
| Q2 FY2025 | Jun 30, 2025 | 35.3% | −3.0 |
| Q1 FY2025 | Mar 31, 2025 | 32.8% | −5.8 |
| Q4 FY2024 | Dec 31, 2024 | 34.8% | −5.5 |
| Q3 FY2024 | Sep 30, 2024 | 38.3% | −2.4 |
| Q2 FY2024 | Jun 30, 2024 | 38.3% | −1.5 |
| Q1 FY2024 | Mar 31, 2024 | 38.6% | −0.9 |
| Q4 FY2023 | Dec 31, 2023 | 40.3% | +3.2 |
| Q3 FY2023 | Sep 30, 2023 | 40.6% | +11.7 |
| Q2 FY2023 | Jun 30, 2023 | 39.8% | +1.6 |
| Q1 FY2023 | Mar 31, 2023 | 39.5% | +4.0 |
| Q4 FY2022 | Dec 31, 2022 | 37.1% | +1.6 |
| Q3 FY2022 | Sep 30, 2022 | 29.0% | −12.0 |
| Q2 FY2022 | Jun 30, 2022 | 38.1% | −1.7 |
| Q1 FY2022 | Mar 31, 2022 | 35.5% | −3.4 |
| Q4 FY2021 | Dec 31, 2021 | 35.5% | −1.9 |
| Q3 FY2021 | Sep 30, 2021 | 40.9% | +0.7 |
| Q2 FY2021 | Jun 30, 2021 | 39.8% | +1.6 |
| Q1 FY2021 | Mar 31, 2021 | 38.9% | −2.6 |
| Q4 FY2020 | Dec 31, 2020 | 37.4% | −5.3 |
| Q3 FY2020 | Sep 30, 2020 | 40.2% | −2.9 |
| Q2 FY2020 | Jun 30, 2020 | 38.2% | −2.5 |
| Q1 FY2020 | Mar 31, 2020 | 41.5% | +0.6 |
| Q4 FY2019 | Dec 31, 2019 | 42.7% | +1.0 |
| Q3 FY2019 | Sep 30, 2019 | 43.1% | −1.5 |
| Q2 FY2019 | Jun 30, 2019 | 40.7% | −2.8 |
| Q1 FY2019 | Mar 31, 2019 | 40.9% | −0.7 |
| Q4 FY2018 | Dec 31, 2018 | 41.8% | −0.2 |
| Q3 FY2018 | Sep 30, 2018 | 44.6% | +2.9 |
| Q2 FY2018 | Jun 30, 2018 | 43.5% | +0.0 |
| Q1 FY2018 | Mar 31, 2018 | 41.6% | −0.5 |
| Q4 FY2017 | Dec 31, 2017 | 42.0% | +0.3 |
| Q3 FY2017 | Sep 30, 2017 | 41.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 43.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 42.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 41.7% | – |
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