Baxter International annual r&d spending
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2025
Baxter International R&D Spending Growth & History (BAX)
Baxter International's r&d spending was $518.0M for fiscal 2025.
View full Baxter International company overviewBaxter International annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $518.0M | −$72.0M | −12.20% |
| 2024 | 2024-12-31 | $590.0M | $72.0M | +13.90% |
| 2023 | 2023-12-31 | $518.0M | $68.0M | +15.11% |
| 2022 | 2022-12-31 | $450.0M | −$81.0M | −15.25% |
| 2021 | 2021-12-31 | $531.0M | $10.0M | +1.92% |
| 2020 | 2020-12-31 | $521.0M | −$74.0M | −12.44% |
| 2019 | 2019-12-31 | $595.0M | −$59.0M | −9.02% |
| 2018 | 2018-12-31 | $654.0M | $39.0M | +6.34% |
| 2017 | 2017-12-31 | $615.0M | −$31.0M | −4.80% |
| 2016 | 2016-12-31 | $646.0M | $43.0M | +7.13% |
| 2015 | 2015-12-31 | $603.0M | −$7.0M | −1.15% |
| 2014 | 2014-12-31 | $610.0M | $28.0M | +4.81% |
| 2013 | 2013-12-31 | $582.0M | −$499.0M | −46.16% |
| 2012 | 2012-12-31 | $1.08B | $135.0M | +14.27% |
| 2011 | 2011-12-31 | $946.0M | $31.0M | +3.39% |
| 2010 | 2010-12-31 | $915.0M | −$2.0M | −0.22% |
| 2009 | 2009-12-31 | $917.0M | $49.0M | +5.65% |
| 2008 | 2008-12-31 | $868.0M | $108.0M | +14.21% |
| 2007 | 2007-12-31 | $760.0M | — | — |
Baxter International quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $129.0M | −$5.0M | −3.73% |
| Q1 2026 | 2026-03-31 | $139.0M | −$1.0M | −0.71% |
| Q4 2025 | 2025-12-31 | $126.0M | −$85.0M | −40.28% |
| Q3 2025 | 2025-09-30 | $118.0M | −$11.0M | −8.53% |
| Q2 2025 | 2025-06-30 | $134.0M | $4.0M | +3.08% |
| Q1 2025 | 2025-03-31 | $140.0M | $20.0M | +16.67% |
| Q4 2024 | 2024-12-31 | $211.0M | $155.0M | +276.79% |
| Q3 2024 | 2024-09-30 | $129.0M | −$4.0M | −3.01% |
| Q2 2024 | 2024-06-30 | $130.0M | −$35.0M | −21.21% |
| Q1 2024 | 2024-03-31 | $120.0M | −$44.0M | −26.83% |
| Q4 2023 | 2023-12-31 | $56.0M | $55.0M | +5500.00% |
| Q3 2023 | 2023-09-30 | $133.0M | −$18.0M | −11.92% |
| Q2 2023 | 2023-06-30 | $165.0M | $17.0M | +11.49% |
| Q1 2023 | 2023-03-31 | $164.0M | $14.0M | +9.33% |
| Q4 2022 | 2022-12-31 | $1.0M | −$134.0M | −99.26% |
| Q3 2022 | 2022-09-30 | $151.0M | $22.0M | +17.05% |
| Q2 2022 | 2022-06-30 | $148.0M | $9.0M | +6.47% |
| Q1 2022 | 2022-03-31 | $150.0M | $22.0M | +17.19% |
| Q4 2021 | 2021-12-31 | $135.0M | $0 | 0.00% |
| Q3 2021 | 2021-09-30 | $129.0M | $6.0M | +4.88% |
| Q2 2021 | 2021-06-30 | $139.0M | $22.0M | +18.80% |
| Q1 2021 | 2021-03-31 | $128.0M | −$18.0M | −12.33% |
| Q4 2020 | 2020-12-31 | $135.0M | −$21.0M | −13.46% |
| Q3 2020 | 2020-09-30 | $123.0M | −$21.0M | −14.58% |
| Q2 2020 | 2020-06-30 | $117.0M | −$49.0M | −29.52% |
| Q1 2020 | 2020-03-31 | $146.0M | $17.0M | +13.18% |
| Q4 2019 | 2019-12-31 | $156.0M | −$19.0M | −10.86% |
| Q3 2019 | 2019-09-30 | $144.0M | −$22.0M | −13.25% |
| Q2 2019 | 2019-06-30 | $166.0M | −$6.0M | −3.49% |
| Q1 2019 | 2019-03-31 | $129.0M | −$12.0M | −8.51% |
| Q4 2018 | 2018-12-31 | $175.0M | −$8.0M | −4.37% |
| Q3 2018 | 2018-09-30 | $166.0M | $16.0M | +10.67% |
| Q2 2018 | 2018-06-30 | $172.0M | $17.0M | +10.97% |
| Q1 2018 | 2018-03-31 | $141.0M | $14.0M | +11.02% |
| Q4 2017 | 2017-12-31 | $183.0M | $27.0M | +17.31% |
| Q3 2017 | 2017-09-30 | $150.0M | −$9.0M | −5.66% |
| Q2 2017 | 2017-06-30 | $155.0M | −$40.0M | −20.51% |
| Q1 2017 | 2017-03-31 | $127.0M | −$9.0M | −6.62% |
| Q4 2016 | 2016-12-31 | $156.0M | −$5.0M | −3.11% |
| Q3 2016 | 2016-09-30 | $159.0M | $11.0M | +7.43% |
| Q2 2016 | 2016-06-30 | $195.0M | $44.0M | +29.14% |
| Q1 2016 | 2016-03-31 | $136.0M | −$7.0M | −4.90% |
| Q4 2015 | 2015-12-31 | $161.0M | — | — |
| Q3 2015 | 2015-09-30 | $148.0M | −$1.0M | −0.67% |
| Q2 2015 | 2015-06-30 | $151.0M | −$171.0M | −53.11% |
| Q1 2015 | 2015-03-31 | $143.0M | −$166.0M | −53.72% |
| Q3 2014 | 2014-09-30 | $149.0M | −$128.0M | −46.21% |
| Q2 2014 | 2014-06-30 | $322.0M | $49.0M | +17.95% |
| Q1 2014 | 2014-03-31 | $309.0M | $63.0M | +25.61% |
| Q3 2013 | 2013-09-30 | $277.0M | −$13.0M | −4.48% |
| Q2 2013 | 2013-06-30 | $273.0M | −$33.0M | −10.78% |
| Q1 2013 | 2013-03-31 | $246.0M | −$23.0M | −8.55% |
| Q4 2012 | 2012-12-31 | $216.0M | −$38.0M | −14.96% |
| Q3 2012 | 2012-09-30 | $290.0M | $51.0M | +21.34% |
| Q2 2012 | 2012-06-30 | $306.0M | $67.0M | +28.03% |
| Q1 2012 | 2012-03-31 | $269.0M | $55.0M | +25.70% |
| Q4 2011 | 2011-12-31 | $254.0M | −$8.0M | −3.05% |
| Q3 2011 | 2011-09-30 | $239.0M | $32.0M | +15.46% |
| Q2 2011 | 2011-06-30 | $239.0M | $20.0M | +9.13% |
| Q1 2011 | 2011-03-31 | $214.0M | −$13.0M | −5.73% |
| Q4 2010 | 2010-12-31 | $262.0M | $16.0M | +6.50% |
| Q3 2010 | 2010-09-30 | $207.0M | −$21.0M | −9.21% |
| Q2 2010 | 2010-06-30 | $219.0M | −$12.0M | −5.19% |
| Q1 2010 | 2010-03-31 | $227.0M | $15.0M | +7.08% |
| Q4 2009 | 2009-12-31 | $246.0M | — | — |
| Q3 2009 | 2009-09-30 | $228.0M | −$2.0M | −0.87% |
| Q2 2009 | 2009-06-30 | $231.0M | $9.0M | +4.05% |
| Q1 2009 | 2009-03-31 | $212.0M | — | — |
| Q3 2008 | 2008-09-30 | $230.0M | — | — |
| Q2 2008 | 2008-06-30 | $222.0M | — | — |
Baxter International r&d spending trends
Over the last five fiscal years, Baxter International's r&d spending decreased from $521.0M to $518.0M, a change of −$3.0M. The latest reported quarter, Q2 2026, shows $129.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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