Filing Flows › Baxter International (BAX) › Q3 2026
Baxter International (BAX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Baxter International (BAX) reported revenue of $3.0B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.5% from the quarter before. Operating margin was 7.6%, net earnings $294M (9.9% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +0.5% | +5% |
| Gross profit | $994M | -4% | +5% |
| Operating profit | $225M | +4% | +31% |
| Net earnings | $294M | +133% | — |
| Operating cash flow | $558M | +96% | +135% |
| Free cash flow | $448M | — | +256% |
What changed
Revenue was $3.0B in Q3 2026, up 5% year over year and up 1% from the previous quarter.
Gross margin was 33.4%, down 0.1 points from Q3 2025. Operating profit was $0.23B, a 7.6% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 6% margin then. Operating expenses fell 1% while revenue rose 5%. Net earnings were $0.29B. The effective tax rate was 28.8%. Non-operating items added $0.19B, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.56B (up 135% year over year), 190% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.11B left free cash flow of $0.45B.
Questions
What was Baxter International's revenue in the third quarter 2026?
Baxter International (BAX) reported revenue of $3.0B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.5% from the quarter before.
Was Baxter International profitable in the third quarter 2026?
Operating profit was $225M (7.6% of revenue) and net earnings $294M.