Baxter International annual working capital
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2025
Baxter International Working Capital Growth & History (BAX)
Baxter International's working capital was $3.90B for fiscal 2025.
View full Baxter International company overviewBaxter International annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.90B | $1.56B | +66.61% |
| 2024 | 2024-12-31 | $2.34B | −$755.0M | −24.38% |
| 2023 | 2023-12-31 | $3.10B | −$169.0M | −5.17% |
| 2022 | 2022-12-31 | $3.27B | −$1.37B | −29.55% |
| 2021 | 2021-12-31 | $4.64B | −$442.0M | −8.70% |
| 2020 | 2020-12-31 | $5.08B | $805.0M | +18.84% |
| 2019 | 2019-12-31 | $4.27B | $1.13B | +35.87% |
| 2018 | 2018-12-31 | $3.15B | −$1.30B | −29.20% |
| 2017 | 2017-12-31 | $4.44B | $612.0M | +15.98% |
| 2016 | 2016-12-31 | $3.83B | −$2.22B | −36.65% |
| 2015 | 2015-12-31 | $6.05B | $1.92B | +46.57% |
| 2014 | 2014-12-31 | $4.13B | −$822.0M | −16.62% |
| 2013 | 2013-12-31 | $4.95B | $446.0M | +9.91% |
| 2012 | 2012-12-31 | $4.50B | $708.0M | +18.67% |
| 2011 | 2011-12-31 | $3.79B | −$155.0M | −3.93% |
| 2010 | 2010-12-31 | $3.95B | $141.0M | +3.70% |
| 2009 | 2009-12-31 | $3.81B | $294.0M | +8.37% |
| 2008 | 2008-12-31 | $3.51B | — | — |
Baxter International quarterly working capital
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Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.40B | −$412.0M | −10.81% |
| Q1 2026 | 2026-03-31 | $3.15B | −$400.0M | −11.25% |
| Q4 2025 | 2025-12-31 | $3.90B | $1.56B | +66.61% |
| Q3 2025 | 2025-09-30 | $3.16B | $494.0M | +18.54% |
| Q2 2025 | 2025-06-30 | $3.81B | $1.35B | +54.75% |
| Q1 2025 | 2025-03-31 | $3.55B | $519.0M | +17.10% |
| Q4 2024 | 2024-12-31 | $2.34B | −$755.0M | −24.38% |
| Q3 2024 | 2024-09-30 | $2.66B | −$3.16B | −54.27% |
| Q2 2024 | 2024-06-30 | $2.46B | $22.0M | +0.90% |
| Q1 2024 | 2024-03-31 | $3.04B | −$304.0M | −9.10% |
| Q4 2023 | 2023-12-31 | $3.10B | −$169.0M | −5.17% |
| Q3 2023 | 2023-09-30 | $5.83B | $1.72B | +42.00% |
| Q2 2023 | 2023-06-30 | $2.44B | −$1.53B | −38.48% |
| Q1 2023 | 2023-03-31 | $3.34B | −$944.0M | −22.04% |
| Q4 2022 | 2022-12-31 | $3.27B | −$1.37B | −29.55% |
| Q3 2022 | 2022-09-30 | $4.10B | −$624.0M | −13.20% |
| Q2 2022 | 2022-06-30 | $3.97B | −$694.0M | −14.89% |
| Q1 2022 | 2022-03-31 | $4.28B | −$386.0M | −8.27% |
| Q4 2021 | 2021-12-31 | $4.64B | −$442.0M | −8.70% |
| Q3 2021 | 2021-09-30 | $4.73B | −$885.0M | −15.77% |
| Q2 2021 | 2021-06-30 | $4.66B | −$1.03B | −18.04% |
| Q1 2021 | 2021-03-31 | $4.67B | −$628.0M | −11.86% |
| Q4 2020 | 2020-12-31 | $5.08B | $805.0M | +18.84% |
| Q3 2020 | 2020-09-30 | $5.61B | $1.01B | +22.00% |
| Q2 2020 | 2020-06-30 | $5.69B | $1.01B | +21.70% |
| Q1 2020 | 2020-03-31 | $5.30B | $2.51B | +90.27% |
| Q4 2019 | 2019-12-31 | $4.27B | $1.13B | +35.87% |
| Q3 2019 | 2019-09-30 | $4.60B | $231.0M | +5.29% |
| Q2 2019 | 2019-06-30 | $4.67B | $411.0M | +9.65% |
| Q1 2019 | 2019-03-31 | $2.78B | −$1.53B | −35.47% |
| Q4 2018 | 2018-12-31 | $3.15B | −$1.30B | −29.20% |
| Q3 2018 | 2018-09-30 | $4.37B | −$418.0M | −8.73% |
| Q2 2018 | 2018-06-30 | $4.26B | −$885.0M | −17.20% |
| Q1 2018 | 2018-03-31 | $4.31B | $119.0M | +2.84% |
| Q4 2017 | 2017-12-31 | $4.44B | $612.0M | +15.98% |
| Q3 2017 | 2017-09-30 | $4.79B | $803.0M | +20.16% |
| Q2 2017 | 2017-06-30 | $5.15B | $2.05B | +66.00% |
| Q1 2017 | 2017-03-31 | $4.20B | $1.0M | +0.02% |
| Q4 2016 | 2016-12-31 | $3.83B | −$2.22B | −36.65% |
| Q3 2016 | 2016-09-30 | $3.98B | −$1.17B | −22.77% |
| Q2 2016 | 2016-06-30 | $3.10B | −$5.08B | −62.13% |
| Q1 2016 | 2016-03-31 | $4.19B | $534.0M | +14.59% |
| Q4 2015 | 2015-12-31 | $6.05B | $1.92B | +46.57% |
| Q3 2015 | 2015-09-30 | $5.16B | $1.52B | +41.64% |
| Q2 2015 | 2015-06-30 | $8.19B | $4.49B | +121.70% |
| Q1 2015 | 2015-03-31 | $3.66B | −$83.0M | −2.22% |
| Q4 2014 | 2014-12-31 | $4.13B | −$822.0M | −16.62% |
| Q3 2014 | 2014-09-30 | $3.64B | −$960.0M | −20.87% |
| Q2 2014 | 2014-06-30 | $3.69B | −$3.98B | −51.86% |
| Q1 2014 | 2014-03-31 | $3.74B | −$293.0M | −7.26% |
| Q4 2013 | 2013-12-31 | $4.95B | $446.0M | +9.91% |
| Q3 2013 | 2013-09-30 | $4.60B | −$46.0M | −0.99% |
| Q2 2013 | 2013-06-30 | $7.67B | — | — |
| Q1 2013 | 2013-03-31 | $4.04B | $776.0M | +23.80% |
| Q4 2012 | 2012-12-31 | $4.50B | $708.0M | +18.67% |
| Q3 2012 | 2012-09-30 | $4.65B | $810.0M | +21.11% |
| Q1 2012 | 2012-03-31 | $3.26B | −$612.0M | −15.81% |
| Q4 2011 | 2011-12-31 | $3.79B | −$155.0M | −3.93% |
| Q3 2011 | 2011-09-30 | $3.84B | −$104.0M | −2.64% |
| Q2 2011 | 2011-06-30 | $3.78B | $488.0M | +14.83% |
| Q1 2011 | 2011-03-31 | $3.87B | $141.0M | +3.78% |
| Q4 2010 | 2010-12-31 | $3.95B | $141.0M | +3.70% |
| Q3 2010 | 2010-09-30 | $3.94B | −$655.0M | −14.25% |
| Q2 2010 | 2010-06-30 | $3.29B | −$387.0M | −10.52% |
| Q1 2010 | 2010-03-31 | $3.73B | — | — |
| Q4 2009 | 2009-12-31 | $3.81B | $294.0M | +8.37% |
| Q3 2009 | 2009-09-30 | $4.60B | — | — |
| Q2 2009 | 2009-06-30 | $3.68B | — | — |
| Q4 2008 | 2008-12-31 | $3.51B | — | — |
Baxter International working capital trends
Over the last five fiscal years, Baxter International's working capital decreased from $5.08B to $3.90B, a change of −$1.18B. The latest reported quarter, Q2 2026, shows $3.40B.
About the metric
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
Calculation and source
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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