Baxter International Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $2.70B | $2.97B | $2.84B | $2.81B | $2.63B | $2.75B | $2.70B |
| Cost of Revenue | $1.93B | $1.81B | $2.40B | $1.89B | $1.82B | $1.76B | $1.79B | $1.67B |
| Gross Profit | $1.03B | $891.0M | $577.0M | $950.0M | $991.0M | $861.0M | $959.0M | $1.03B |
| Gross Margin | 34.9% | 33.0% | 19.4% | 33.5% | 35.3% | 32.8% | 34.8% | 38.3% |
| Operating Expenses | ||||||||
| Research & Development | $129.0M | $139.0M | $126.0M | $118.0M | $134.0M | $140.0M | $211.0M | $129.0M |
| SG&A Expense | $735.0M | $728.0M | $761.0M | $708.0M | $718.0M | $703.0M | $761.0M | $754.0M |
| Operating Income | $217.0M | $66.0M | $-729.0M | $172.0M | $191.0M | $58.0M | $-435.0M | $155.0M |
| Operating Margin | 7.3% | 2.4% | -24.5% | 6.1% | 6.8% | 2.2% | -15.8% | 5.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $158.0M | $-6.0M | $-756.0M | $121.0M | $133.0M | $-3.0M | $-521.0M | $69.0M |
| Income Tax Expense | $23.0M | $11.0M | $279.0M | $172.0M | $11.0M | $-67.0M | $-33.0M | $8.0M |
| Net Income | $126.0M | $-15.0M | $-1.13B | $-46.0M | $91.0M | $126.0M | $-512.0M | $140.0M |
| Net Margin | 4.3% | -0.6% | -37.9% | -1.6% | 3.2% | 4.8% | -18.6% | 5.2% |
| EPS (Basic) | $0.24 | $-0.03 | $-2.21 | $-0.09 | $0.18 | $0.25 | $-1.00 | $0.27 |
| EPS (Diluted) | $0.24 | $-0.03 | $-2.21 | $-0.09 | $0.18 | $0.25 | $-1.00 | $0.27 |
| Shares Outstanding (Basic) | 517.0M | 515.0M | 513.0M | 514.0M | 513.0M | 512.0M | 510.0M | 510.0M |
| Shares Outstanding (Diluted) | 518.0M | 515.0M | 513.0M | 514.0M | 514.0M | 514.0M | 510.0M | 512.0M |
| Dividends Per Share | $0.01 | $0.01 | $0.01 | $0.17 | $0.17 | $0.17 | $0.17 | $0.29 |