Baxter International annual gross margin
2007
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2014
2015
2016
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2020
2021
2022
2023
2024
2025
Baxter International Gross Margin Growth & History (BAX)
Baxter International's gross margin was 30.05% for fiscal 2025.
View full Baxter International company overviewBaxter International annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 30.05% | −7.41 pp |
| 2024 | 2024-12-31 | 37.46% | −2.60 pp |
| 2023 | 2023-12-31 | 40.06% | +4.77 pp |
| 2022 | 2022-12-31 | 35.29% | −3.57 pp |
| 2021 | 2021-12-31 | 38.86% | −0.44 pp |
| 2020 | 2020-12-31 | 39.30% | −2.61 pp |
| 2019 | 2019-12-31 | 41.90% | −0.97 pp |
| 2018 | 2018-12-31 | 42.88% | +0.61 pp |
| 2017 | 2017-12-31 | 42.27% | +1.77 pp |
| 2016 | 2016-12-31 | 40.50% | −1.09 pp |
| 2015 | 2015-12-31 | 41.59% | −1.14 pp |
| 2014 | 2014-12-31 | 42.74% | −1.48 pp |
| 2013 | 2013-12-31 | 44.22% | −6.98 pp |
| 2012 | 2012-12-31 | 51.19% | +0.47 pp |
| 2011 | 2011-12-31 | 50.72% | +4.33 pp |
| 2010 | 2010-12-31 | 46.39% | −5.55 pp |
| 2009 | 2009-12-31 | 51.94% | +2.30 pp |
| 2008 | 2008-12-31 | 49.64% | +0.64 pp |
| 2007 | 2007-12-31 | 49.00% | — |
Baxter International quarterly gross margin
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Q2.23
Q3.23
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Q2.24
Q3.24
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Q1.25
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Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.86% | −0.40 pp |
| Q1 2026 | 2026-03-31 | 32.99% | +0.19 pp |
| Q4 2025 | 2025-12-31 | 19.40% | −15.43 pp |
| Q3 2025 | 2025-09-30 | 33.51% | −4.76 pp |
| Q2 2025 | 2025-06-30 | 35.27% | −3.00 pp |
| Q1 2025 | 2025-03-31 | 32.80% | −5.79 pp |
| Q4 2024 | 2024-12-31 | 34.83% | −96.03 pp |
| Q3 2024 | 2024-09-30 | 38.27% | −2.36 pp |
| Q2 2024 | 2024-06-30 | 38.27% | +8.30 pp |
| Q1 2024 | 2024-03-31 | 38.59% | +2.30 pp |
| Q4 2023 | 2023-12-31 | 130.87% | +101.91 pp |
| Q3 2023 | 2023-09-30 | 40.63% | +2.48 pp |
| Q2 2023 | 2023-06-30 | 29.97% | −6.39 pp |
| Q1 2023 | 2023-03-31 | 36.29% | +0.79 pp |
| Q3 2022 | 2022-09-30 | 28.96% | −11.99 pp |
| Q2 2022 | 2022-06-30 | 38.15% | −1.65 pp |
| Q1 2022 | 2022-03-31 | 36.36% | −2.50 pp |
| Q4 2021 | 2021-12-31 | 35.50% | −1.94 pp |
| Q3 2021 | 2021-09-30 | 40.95% | +0.74 pp |
| Q2 2021 | 2021-06-30 | 39.80% | +1.61 pp |
| Q1 2021 | 2021-03-31 | 38.87% | −2.64 pp |
| Q4 2020 | 2020-12-31 | 37.44% | −5.27 pp |
| Q3 2020 | 2020-09-30 | 40.21% | −2.93 pp |
| Q2 2020 | 2020-06-30 | 38.19% | −2.49 pp |
| Q1 2020 | 2020-03-31 | 41.51% | +0.57 pp |
| Q4 2019 | 2019-12-31 | 42.71% | +1.07 pp |
| Q3 2019 | 2019-09-30 | 43.14% | −1.48 pp |
| Q2 2019 | 2019-06-30 | 40.68% | −2.91 pp |
| Q1 2019 | 2019-03-31 | 40.94% | −0.67 pp |
| Q4 2018 | 2018-12-31 | 41.65% | −0.11 pp |
| Q3 2018 | 2018-09-30 | 44.62% | +2.88 pp |
| Q2 2018 | 2018-06-30 | 43.60% | +0.14 pp |
| Q1 2018 | 2018-03-31 | 41.61% | −0.57 pp |
| Q4 2017 | 2017-12-31 | 41.76% | −0.13 pp |
| Q3 2017 | 2017-09-30 | 41.74% | −0.13 pp |
| Q2 2017 | 2017-06-30 | 43.45% | +5.85 pp |
| Q1 2017 | 2017-03-31 | 42.18% | +1.55 pp |
| Q4 2016 | 2016-12-31 | 41.89% | +0.71 pp |
| Q3 2016 | 2016-09-30 | 41.87% | +0.29 pp |
| Q2 2016 | 2016-06-30 | 37.60% | −3.65 pp |
| Q1 2016 | 2016-03-31 | 40.63% | −1.77 pp |
| Q4 2015 | 2015-12-31 | 41.18% | +5941.18 pp |
| Q3 2015 | 2015-09-30 | 41.58% | −2.46 pp |
| Q2 2015 | 2015-06-30 | 41.25% | −6.15 pp |
| Q1 2015 | 2015-03-31 | 42.41% | −6.74 pp |
| Q4 2014 | 2014-12-31 | −5,900.00% | −5951.37 pp |
| Q3 2014 | 2014-09-30 | 44.04% | −8.81 pp |
| Q2 2014 | 2014-06-30 | 47.40% | −3.53 pp |
| Q1 2014 | 2014-03-31 | 49.14% | −0.53 pp |
| Q3 2013 | 2013-09-30 | 51.37% | −0.68 pp |
| Q2 2013 | 2013-06-30 | 52.85% | +0.44 pp |
| Q1 2013 | 2013-03-31 | 50.93% | +0.34 pp |
| Q4 2012 | 2012-12-31 | 49.67% | +0.56 pp |
| Q3 2012 | 2012-09-30 | 52.06% | +1.15 pp |
| Q2 2012 | 2012-06-30 | 52.41% | +0.51 pp |
| Q1 2012 | 2012-03-31 | 50.59% | −0.41 pp |
| Q4 2011 | 2011-12-31 | 49.11% | +2.85 pp |
| Q3 2011 | 2011-09-30 | 50.91% | −0.55 pp |
| Q2 2011 | 2011-06-30 | 51.89% | +0.61 pp |
| Q1 2011 | 2011-03-31 | 51.00% | +15.37 pp |
| Q4 2010 | 2010-12-31 | 46.26% | −4.67 pp |
| Q3 2010 | 2010-09-30 | 51.46% | −0.43 pp |
| Q2 2010 | 2010-06-30 | 51.28% | −1.17 pp |
| Q1 2010 | 2010-03-31 | 35.63% | −17.06 pp |
| Q4 2009 | 2009-12-31 | 50.92% | +2.65 pp |
| Q3 2009 | 2009-09-30 | 51.89% | +0.87 pp |
| Q2 2009 | 2009-06-30 | 52.45% | — |
| Q1 2009 | 2009-03-31 | 52.69% | — |
| Q3 2008 | 2008-09-30 | 48.27% | — |
| Q2 2008 | 2008-06-30 | 51.02% | — |
Baxter International gross margin trends
Over the last five reported fiscal years, Baxter International's gross margin decreased from 39.30% to 30.05%, a change of −9.24 percentage points. The latest reported quarter, Q2 2026, shows 34.86%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Baxter International filings at SEC.gov ↗