Baxter (BAX) Revenue & Revenue Breakdown

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Baxter Revenue Highlights

Latest Revenue (Y)

$4.51B

Latest Revenue (Q)

$2.81B

Main Segment (Y)

Healthcare Systems and Technologies

Main Geography (Y)

UNITED STATES

Baxter Revenue by Period

Baxter Revenue by Year

Date	Revenue	Change
2024-12-31	$4.51B	-69.53%
2023-12-31	$14.81B	-1.99%
2022-12-31	$15.11B	18.22%
2021-12-31	$12.78B	9.52%
2020-12-31	$11.67B	2.74%
2019-12-31	$11.36B	2.11%
2018-12-31	$11.13B	5.36%
2017-12-31	$10.56B	3.92%
2016-12-31	$10.16B	1.96%
2015-12-31	$9.97B	-40.21%
2014-12-31	$16.67B	9.25%
2013-12-31	$15.26B	7.53%
2012-12-31	$14.19B	2.14%
2011-12-31	$13.89B	8.18%
2010-12-31	$12.84B	2.24%
2009-12-31	$12.56B	1.73%
2008-12-31	$12.35B	9.63%
2007-12-31	$11.26B	8.53%
2006-12-31	$10.38B	5.37%
2005-12-31	$9.85B	3.58%
2004-12-31	$9.51B	6.65%
2003-12-31	$8.92B	9.94%
2002-12-31	$8.11B	5.83%
2001-12-31	$7.66B	11.12%
2000-12-31	$6.90B	8.09%
1999-12-31	$6.38B	-3.32%
1998-12-31	$6.60B	7.51%
1997-12-31	$6.14B	12.87%
1996-12-31	$5.44B	7.73%
1995-12-31	$5.05B	-45.86%
1994-12-31	$9.32B	-

Baxter generated $4.51B in revenue during NA 2024, up -69.53% compared to the previous quarter, and up 39.72% compared to the same period a year ago.

Baxter Revenue by Quarter

Date	Revenue	Change
2025-06-30	$2.81B	7.05%
2025-03-31	$2.63B	-4.65%
2024-12-31	$2.75B	2.00%
2024-09-30	$2.70B	-29.20%
2024-06-30	$3.81B	53.09%
2024-03-31	$2.49B	-35.91%
2023-12-31	$3.88B	49.48%
2023-09-30	$2.60B	-29.89%
2023-06-30	$3.71B	5.52%
2023-03-31	$3.51B	-9.62%
2022-12-31	$3.89B	7.70%
2022-09-30	$3.61B	0.42%
2022-06-30	$3.59B	-3.05%
2022-03-31	$3.71B	5.49%
2021-12-31	$3.51B	8.93%
2021-09-30	$3.23B	4.13%
2021-06-30	$3.10B	5.16%
2021-03-31	$2.95B	-7.39%
2020-12-31	$3.18B	7.03%
2020-09-30	$2.97B	9.35%
2020-06-30	$2.72B	-3.00%
2020-03-31	$2.80B	-7.80%
2019-12-31	$3.04B	6.59%
2019-09-30	$2.85B	0.60%
2019-06-30	$2.83B	7.43%
2019-03-31	$2.64B	-7.15%
2018-12-31	$2.84B	2.90%
2018-09-30	$2.76B	-2.85%
2018-06-30	$2.84B	6.16%
2018-03-31	$2.68B	-3.50%
2017-12-31	$2.77B	2.48%
2017-09-30	$2.71B	3.92%
2017-06-30	$2.60B	5.25%
2017-03-31	$2.48B	-6.43%
2016-12-31	$2.65B	3.40%
2016-09-30	$2.56B	-1.04%
2016-06-30	$2.58B	8.84%
2016-03-31	$2.38B	-8.76%
2015-12-31	$2.60B	4.66%
2015-09-30	$2.49B	-36.12%
2015-06-30	$3.89B	3.43%
2015-03-31	$3.76B	-15.83%
2014-12-31	$4.47B	6.55%
2014-09-30	$4.20B	-1.57%
2014-06-30	$4.26B	7.92%
2014-03-31	$3.95B	-9.55%
2013-12-31	$4.37B	15.74%
2013-09-30	$3.77B	2.86%
2013-06-30	$3.67B	6.41%
2013-03-31	$3.45B	-8.13%
2012-12-31	$3.75B	7.94%
2012-09-30	$3.48B	-2.66%
2012-06-30	$3.57B	5.43%
2012-03-31	$3.39B	-5.73%
2011-12-31	$3.59B	3.31%
2011-09-30	$3.48B	-1.61%
2011-06-30	$3.54B	7.67%
2011-03-31	$3.28B	-6.12%
2010-12-31	$3.50B	8.50%
2010-09-30	$3.22B	0.94%
2010-06-30	$3.19B	9.12%
2010-03-31	$2.93B	-15.65%
2009-12-31	$3.47B	10.33%
2009-09-30	$3.15B	0.70%
2009-06-30	$3.12B	10.59%
2009-03-31	$2.82B	-9.81%
2008-12-31	$3.13B	-0.63%
2008-09-30	$3.15B	-1.19%
2008-06-30	$3.19B	10.84%
2008-03-31	$2.88B	-

Baxter generated $2.81B in revenue during Q2 2025, up 7.05% compared to the previous quarter, and up 112.85% compared to the same period a year ago.

Baxter Revenue Breakdown

Baxter Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 18
Healthcare Systems and Technologies	$1.14B	$1.21B	-	-	-
Medical Products And Therapies	$1.10B	$1.05B	-	-	-
Pharmaceuticals	-	$2.25B	$2.09B	-	-
Kidney Care	-	$770.00M	-	-	-
Hillrom	-	-	$2.94B	$212.00M	-
Renal	-	-	-	-	$3.66B
Other Product Or Services	-	-	-	-	$510.00M
Medication Delivery	-	-	-	-	$2.67B
Clinical Nutrition	-	-	-	-	$877.00M
Advanced Surgery	-	-	-	-	$800.00M
Acute Theapies	-	-	-	-	$517.00M

Baxter's latest annual revenue breakdown by segment (product or service), as of Dec 24: Healthcare Systems and Technologies (50.74%), and Medical Products And Therapies (49.26%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18
Healthcare Systems and Technologies	$767.00M	$704.00M	$576.00M	$296.00M	$265.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medical Products And Therapies	$1.32B	$1.26B	$569.00M	$272.00M	$263.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pharmaceuticals	$612.00M	$581.00M	$578.00M	$1.67B	$580.00M	$540.00M	$519.00M	$537.00M	-	-	-	-	-	-	-	-	-	-	-	-
Kidney Care	-	-	-	-	$214.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
E M E A Segment	-	-	-	-	-	-	-	$762.00M	$714.00M	$692.00M	$738.00M	$699.00M	$779.00M	$783.00M	$738.00M	-	-	-	-	-
Hillrom	-	-	-	-	-	-	-	$743.00M	$731.00M	$735.00M	$715.00M	$755.00M	-	-	-	-	-	-	-	-
E M E A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$744.00M	$705.00M	-	-	-
Renal	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$953.00M	$910.00M	$931.00M
Acute Theapies	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$137.00M	$122.00M	$129.00M
Advanced Surgery	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$214.00M	$200.00M	$204.00M
Clinical Nutrition	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$215.00M	$218.00M	$221.00M
Medication Delivery	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$660.00M	$652.00M	$681.00M
Other Product Or Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$122.00M	$146.00M	$139.00M

Baxter's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Medical Products And Therapies (48.91%), Healthcare Systems and Technologies (28.42%), and Pharmaceuticals (22.68%).

Baxter Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
EMEA	$1.35B	$3.32B	$3.71B	$3.55B	$3.13B
Western Europe, Canada, Japan, Australia and New Zealand	$3.44B	$4.49B	-	-	-
UNITED STATES	$5.85B	$7.00B	-	-	-
Non-US	-	$7.81B	-	-	-
Asia Pacific	-	-	$2.75B	$2.80B	$2.48B
Latin America And Canada	-	-	$1.43B	$1.25B	$1.19B
Americas	-	-	-	-	$6.07B

Baxter's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (55.00%), Western Europe, Canada, Japan, Australia and New Zealand (32.31%), and EMEA (12.69%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
UNITED STATES	$1.54B	$1.49B	$2.69B	$1.50B	$1.66B	$5.16B	$1.77B	$35.00M	$38.00M	$34.00M	$38.00M	$36.00M	$37.00M	$203.00M	$222.00M	$217.00M	$216.00M	$1.29B	$216.00M	$209.00M
Western Europe, Canada, Japan, Australia and New Zealand	$930.00M	$838.00M	$1.43B	$852.00M	$1.16B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EMEA	$344.00M	$297.00M	$225.00M	$347.00M	$778.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-US	-	-	-	-	$1.93B	$5.79B	$1.94B	$42.00M	$43.00M	$47.00M	$38.00M	$33.00M	$41.00M	$401.00M	$759.00M	$747.00M	$706.00M	$739.00M	$710.00M	-

Baxter's latest quarterly revenue breakdown by geography, as of Jun 25: UNITED STATES (54.66%), Western Europe, Canada, Japan, Australia and New Zealand (33.10%), and EMEA (12.24%).

Baxter Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
RDY	Dr. Reddy's Laboratories	$279.16B	-
VTRS	Viatris	$14.74B	$3.58B
EHC	Encompass Health	$5.37B	$1.46B
BAX	Baxter	$4.51B	$2.81B
COO	Cooper Companies	$3.90B	$1.06B
ATR	AptarGroup	$3.58B	$966.01M
EXAS	Exact Sciences	$2.76B	$811.09M
MASI	Masimo	$2.09B	$370.90M
IONS	Ionis Pharmaceuticals	$705.14M	$452.00M
ASND	Ascendis Pharma	$266.72M	$95.89M
ROIV	Roivant Sciences	$124.80M	$7.57M

BAX Revenue FAQ

What is Baxter’s yearly revenue?

Baxter's yearly revenue for 2024 was $4.51B, representing a decrease of -69.53% compared to 2023. The company's yearly revenue for 2023 was $14.81B, representing a decrease of -1.99% compared to 2022. BAX's yearly revenue for 2022 was $15.11B, representing an increase of 18.22% compared to 2021.

What is Baxter’s quarterly revenue?

Baxter's quarterly revenue for Q2 2025 was $2.81B, a 7.05% increase from the previous quarter (Q1 2025), and a -26.29% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $2.62B, a -4.65% decrease from the previous quarter (Q4 2024), and a 5.42% increase year-over-year (Q1 2024). BAX's quarterly revenue for Q4 2024 was $2.75B, a 2.00% increase from the previous quarter (Q3 2024), and a -29.14% decrease year-over-year (Q4 2023).

What is Baxter’s revenue growth rate?

Baxter's revenue growth rate for the last 3 years (2022-2024) was -70.14%, and for the last 5 years (2020-2024) was -61.34%.

What are Baxter’s revenue streams?

Baxter's revenue streams in c 24 are Healthcare Systems and Technologies, and Medical Products And Therapies. Healthcare Systems and Technologies generated $1.14B in revenue, accounting 50.74% of the company's total revenue, down -6.27% year-over-year. Medical Products And Therapies generated $1.1B in revenue, accounting 49.26% of the company's total revenue, up 5.04% year-over-year.

What is Baxter’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Baxter was Healthcare Systems and Technologies. This segment made a revenue of $1.14B, representing 50.74% of the company's total revenue.