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Baxter International revenue

Baxter International's revenue was $11.24bn in fiscal 2025, up 5.7% on the year before. Since fiscal 2009 ($12.56bn) it has grown at a compound -0.7% a year. Over the last twelve months it was $11.61bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue12.612.813.913.99.410.710.010.210.611.111.411.712.110.110.410.611.211.6
Growth on the year before—+2.2%+8.2%+0.3%−32.5%+13.9%−7.0%+2.0%+4.1%+4.9%+2.4%+2.7%+4.1%−17.2%+3.0%+2.7%+5.7%—
Gross profit6.56.07.07.14.24.64.14.14.54.84.84.64.73.54.24.03.43.5

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $6.1B 54.4% ▲ 4.6%
Outside the US $5.1B 45.6% ▲ 7.0%
Western Europe Canada Japan Australia and New Zealand $3.7B 72.8% ▲ 8.5%
Eastern Europe Middle East Africa Latin America Asia $1.4B 27.2% ▲ 3.3%

From Baxter International's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Health Care Equipment: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Baxter International $11.61bn 5.3% 0.7%
Intuitive Surgical $11.58bn 20.5% 19.1%
Alcon Inc $10.40bn 4.9% —
Zimmer Biomet $8.51bn 8.6% 5.7%
Koninklijke Philips NV $20.16bn 3.4% —
Edwards Lifesciences $6.51bn 14.6% 15.3%

Compare with peers

Head to head: BAX vs ISRGALC vs BAXBAX vs ZBH

More: Health Care Equipment stocks compared, Health Care sector, rankings of US companies

Figures from Baxter International's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Baxter International.