Baxter International Inc. (BAX)

NYSE: BAX · Surgical & Medical Instruments & Apparatus · Deerfield, IL · filing with the SEC since 1994

Grade4.5

◀ Past 4.9● Present 4.8▶ Future 3.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 12, 2026	Feb 21, 2025	Feb 8, 2024	Feb 9, 2023	Feb 23, 2022	Feb 11, 2021	Mar 17, 2020	Feb 21, 2019	Feb 23, 2018	Feb 23, 2017
Revenue	11,244	10,636	10,360^r	10,057^r	12,146^r	11,673	11,362	11,099^r	10,584^r	10,163
For lenders
Net interest income	·	·	-442	-395	-193^r	-134	-71	-45	-55	-66
Cost of revenue	7,865	6,652	6,210^r	6,508^r	7,426^r	7,086	6,601	6,340^r	6,110^r	6,047^r
Gross profit	3,379	3,984	4,150^r	3,549^r	4,720^r	4,587	4,761	4,759^r	4,474^r	4,116^r
Research and development	518	590	518^r	450^r	531^r	521	595	654^r	615^r	646^r
Selling, general and administrative	2,890	2,967	2,953^r	3,097^r	2,845^r	2,469	2,535	2,620^r	2,627^r	2,725^r
Operating income	-308	14	707^r	-2,845^r	1,350^r	1,616	1,772	1,584^r	1,288^r	745^r
Interest expense	290	408	508^r	413^r	207^r	153	111	93	85	89
Interest and investment income	52	67	69^r	19^r	14	19	40	48	30	23
Interest income (expense), net	-238	-341	-439	-394	·	·	·	·	·	·
Other income (expense), net	41	38	-26^r	-9^r	-41	-190	-731	78^r	-133^r	4,275^r
Income before income taxes	-505	-289	242^r	-3,248^r	1,116^r	1,292	970	1,617^r	1,100^r	4,954
Income tax expense	395	37	61^r	-135^r	83^r	182	-41	65^r	491^r	-12
Income from continuing operations	-900	-326	181^r	-3,114^r	1,022	1,102	1,001	1,552^r	609^r	4,966
Income from discontinued operations	-57	-312	2,482^r	692^r	262	0	0	-6	-7	-1
Net income including non-controlling interests	-957	-638	2,663	-2,421	1,295	1,110	1,011	1,546	602	·
Net income to non-controlling interests	0	11	7	12	11	8	10	0	0	·
Net income	-957	-649	2,656	-2,433	1,284	1,102	1,001	1,546^r	602^r	4,965
Earnings per share, basic	-1.87	-1.27	5.25	-4.83	2.56	2.17	1.97	2.90^r	1.11^r	9.09
Earnings per share, diluted	-1.87	-1.27	5.23^r	-4.83	2.53	2.13	1.93	2.83^r	1.08^r	9.01
Weighted average shares, basic	513	510	506	504	502	509	509	534	543	546
Weighted average shares, diluted	513	510	508^r	504	508	517	519	546	555	551

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton BAX · research, not advice