Filing Flows › Baxter International (BAX) › Q3 2026 › vs Q3 2025
Baxter International (BAX) Q3 2026 vs Q3 2025 (year over year)
Baxter International's revenue rose $141M (+5%) from $2.8B in Q3 2025 to $3.0B in Q3 2026. Gross margin 33.4% against 33.5% (-0.1 pts).
Baxter International, Q3 2026: revenue $3.0B (+5% year over year), operating margin 7.6%, net earnings $294M, operating cash flow $558M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 33.5% | -0.1 pts |
| Operating margin | 7.6% | 6.1% | +1.5 pts |
| Net margin | 9.9% | -1.6% | +11.5 pts |
| Free cash flow margin | 15.1% | 4.4% | +10.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $141M | +5% |
| Gross profit | $994M | $950M | $44.0M | +5% |
| Cost of revenue | $2.0B | $1.9B | $97.0M | +5% |
| Other income, net | $188M | −$46.0M | $234M | — |
| Operating profit | $225M | $172M | $53.0M | +31% |
| Operating expenses | $769M | $778M | −$9.0M | -1% |
| Pre-tax earnings | $413M | $126M | $287M | +228% |
| Net earnings | $294M | −$46.0M | $340M | — |
| Income tax | $119M | $172M | −$53.0M | -31% |
| Depreciation & amortization | $239M | $237M | $2.0M | +0.8% |
| Share-based compensation | $30.0M | $35.0M | −$5.0M | -14% |
| Working capital & other | $5.0M | −$11.0M | $16.0M | — |
| Operating cash flow | $558M | $237M | $321M | +135% |
| Free cash flow (OCF − capex) | $448M | $126M | $322M | +256% |
| Capital expenditures | $110M | $111M | −$1.0M | -0.9% |
Questions
How much did Baxter International's revenue grow year over year in Q3 2026?
Baxter International's revenue rose $141M (+5%) from $2.8B in Q3 2025 to $3.0B in Q3 2026. Gross margin 33.4% against 33.5% (-0.1 pts).