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Baxter International (BAX) operating margin by quarter

Baxter International's operating margin was 7.6% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 4 quarters it ranged from 2.2% (Q1 2025) to 7.6% (Q3 2026).

Baxter International operating margin by quarterBaxter International operating margin by quarter2.2%Q1 20256.8%Q2 20257.3%Q2 20267.6%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20267.6%+0.2 pts—
Q2 20267.3%+0.5 pts+0.5 pts
Q2 20256.8%+4.6 pts—
Q1 20252.2%——

Q3 2026 at a glance

Baxter International, Q3 2026: revenue $3.0B (+5% year over year), operating margin 7.6%, net earnings $294M, operating cash flow $558M. The chart follows the revenue to costs, profit and cash.

Questions

What is Baxter International's operating margin?

Baxter International's operating margin was 7.6% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.

How has Baxter International's operating margin changed?

Over the last 4 quarters it ranged from 2.2% (Q1 2025) to 7.6% (Q3 2026).

Q3 2026 results → · How Baxter International makes money →