Baxter International Inc.
BAX Healthcare Medical Instruments & Supplies
Baxter International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, up 5.72% from fiscal 2024. In the quarter to June 2026, revenue grew 5.34%, EPS grew 33.3%, free cash flow grew 119.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.
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Baxter International Inc. (BAX) Revenue growth
Baxter International Inc.'s revenue growth over the twelve months to 30 June 2026 was 5.36%, down 0.4 percentage points from fiscal 2025 (5.72%). Over the past ten years it has ranged from −17.2% (fiscal 2022) to 5.72% (fiscal 2025) — the current reading is the highest in ten years. That is below the Medical Instruments & Supplies industry median of 8.85% and below the Healthcare sector median of 8.27%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 5.72% | 3.06 |
| FY2024 | 2.66% | (0.35) |
| FY2023 | 3.01% | 20.21 |
| FY2022 | −17.2% | (21.25) |
| FY2021 | 4.05% | 1.31 |
| FY2020 | 2.74% | 0.37 |
| FY2019 | 2.37% | (2.50) |
| FY2018 | 4.87% | 0.73 |
| FY2017 | 4.14% | 2.18 |
| FY2016 | 1.96% | 8.97 |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Jun 2026 | 5.34% | 2.44 |
| Mar 2026 | 2.90% | (5.13) |
| Dec 2025 | 8.03% | 2.99 |
| Sep 2025 | 5.04% | 0.73 |
| 42 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| RGEN Repligen Corporation compare | 16.5% |
| WST West Pharmaceutical Services, Inc. compare | 12.4% |
| ATR AptarGroup, Inc. compare | 8.93% |
| BLCO Bausch + Lomb Corporation compare | 8.85% |
| BAX Baxter International Inc. | 5.36% |
| COO The Cooper Companies, Inc. compare | 4.73% |
| ALGN Align Technology, Inc. compare | 4.41% |
| SOLV Solventum Corporation compare | −0.93% |
| AVTR Avantor, Inc. compare | −1.57% |
| Medical Instruments & Supplies industry median | 8.85% |
| Healthcare sector median | 8.27% |
| Market median | 7.41% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
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