Baxter International annual operating expenses
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2025
Baxter International Operating Expenses Growth & History (BAX)
Baxter International's operating expenses was $3.69B for fiscal 2025.
View full Baxter International company overviewBaxter International annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.69B | −$283.0M | −7.13% |
| 2024 | 2024-12-31 | $3.97B | $527.0M | +15.31% |
| 2023 | 2023-12-31 | $3.44B | −$2.95B | −46.15% |
| 2022 | 2022-12-31 | $6.39B | $3.02B | +89.73% |
| 2021 | 2021-12-31 | $3.37B | $399.0M | +13.43% |
| 2020 | 2020-12-31 | $2.97B | −$18.0M | −0.60% |
| 2019 | 2019-12-31 | $2.99B | −$186.0M | −5.86% |
| 2018 | 2018-12-31 | $3.17B | −$11.0M | −0.35% |
| 2017 | 2017-12-31 | $3.19B | −$185.0M | −5.49% |
| 2016 | 2016-12-31 | $3.37B | −$326.0M | −8.82% |
| 2015 | 2015-12-31 | $3.70B | −$228.0M | −5.81% |
| 2014 | 2014-12-31 | $3.92B | $259.0M | +7.06% |
| 2013 | 2013-12-31 | $3.67B | — | — |
Baxter International quarterly operating expenses
Q3.14
Q1.15
Q2.15
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Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
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Q4.20
Q1.21
Q2.21
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Q4.21
Q1.22
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Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
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Q1.24
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Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $815.0M | $15.0M | +1.88% |
| Q1 2026 | 2026-03-31 | $825.0M | $22.0M | +2.74% |
| Q4 2025 | 2025-12-31 | $1.31B | −$88.0M | −6.31% |
| Q3 2025 | 2025-09-30 | $778.0M | −$100.0M | −11.39% |
| Q2 2025 | 2025-06-30 | $800.0M | −$52.0M | −6.10% |
| Q1 2025 | 2025-03-31 | $803.0M | −$43.0M | −5.08% |
| Q4 2024 | 2024-12-31 | $1.39B | $710.0M | +103.80% |
| Q3 2024 | 2024-09-30 | $878.0M | $1.0M | +0.11% |
| Q2 2024 | 2024-06-30 | $852.0M | −$195.0M | −18.62% |
| Q1 2024 | 2024-03-31 | $846.0M | $11.0M | +1.32% |
| Q4 2023 | 2023-12-31 | $684.0M | $421.0M | +160.08% |
| Q3 2023 | 2023-09-30 | $877.0M | −$3.05B | −77.66% |
| Q2 2023 | 2023-06-30 | $1.05B | −$60.0M | −5.42% |
| Q1 2023 | 2023-03-31 | $835.0M | −$264.0M | −24.02% |
| Q4 2022 | 2022-12-31 | $263.0M | −$735.0M | −73.65% |
| Q3 2022 | 2022-09-30 | $3.92B | $3.12B | +385.77% |
| Q2 2022 | 2022-06-30 | $1.11B | $298.0M | +36.84% |
| Q1 2022 | 2022-03-31 | $1.10B | $344.0M | +45.56% |
| Q4 2021 | 2021-12-31 | $998.0M | $213.0M | +27.13% |
| Q3 2021 | 2021-09-30 | $808.0M | $83.0M | +11.45% |
| Q2 2021 | 2021-06-30 | $809.0M | $102.0M | +14.43% |
| Q1 2021 | 2021-03-31 | $755.0M | $1.0M | +0.13% |
| Q4 2020 | 2020-12-31 | $785.0M | $23.0M | +3.02% |
| Q3 2020 | 2020-09-30 | $725.0M | −$2.0M | −0.28% |
| Q2 2020 | 2020-06-30 | $707.0M | −$96.0M | −11.96% |
| Q1 2020 | 2020-03-31 | $754.0M | $57.0M | +8.18% |
| Q4 2019 | 2019-12-31 | $762.0M | −$30.0M | −3.79% |
| Q3 2019 | 2019-09-30 | $727.0M | −$123.0M | −14.47% |
| Q2 2019 | 2019-06-30 | $803.0M | −$43.0M | −5.08% |
| Q1 2019 | 2019-03-31 | $697.0M | $10.0M | +1.46% |
| Q4 2018 | 2018-12-31 | $792.0M | −$88.0M | −10.00% |
| Q3 2018 | 2018-09-30 | $850.0M | $20.0M | +2.41% |
| Q2 2018 | 2018-06-30 | $846.0M | $61.0M | +7.77% |
| Q1 2018 | 2018-03-31 | $687.0M | −$4.0M | −0.58% |
| Q4 2017 | 2017-12-31 | $880.0M | $75.0M | +9.32% |
| Q3 2017 | 2017-09-30 | $830.0M | −$55.0M | −6.21% |
| Q2 2017 | 2017-06-30 | $785.0M | −$119.0M | −13.16% |
| Q1 2017 | 2017-03-31 | $691.0M | −$86.0M | −11.07% |
| Q4 2016 | 2016-12-31 | $805.0M | −$89.0M | −9.96% |
| Q3 2016 | 2016-09-30 | $885.0M | −$57.0M | −6.05% |
| Q2 2016 | 2016-06-30 | $904.0M | −$30.0M | −3.21% |
| Q1 2016 | 2016-03-31 | $777.0M | −$150.0M | −16.18% |
| Q4 2015 | 2015-12-31 | $894.0M | — | — |
| Q3 2015 | 2015-09-30 | $942.0M | −$34.0M | −3.48% |
| Q2 2015 | 2015-06-30 | $934.0M | — | — |
| Q1 2015 | 2015-03-31 | $927.0M | — | — |
| Q3 2014 | 2014-09-30 | $976.0M | — | — |
Baxter International operating expenses trends
Over the last five fiscal years, Baxter International's operating expenses increased from $2.97B to $3.69B, a change of $716.0M. The latest reported quarter, Q2 2026, shows $815.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Baxter International source filings ↗