Baxter (BAX) operating expenses was $3.5B in FY2025 (-8% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$3.5B
-8%
2024
$3.8B
+16%
2023
$3.3B
-47%
2022
$6.2B
+91%
2021
$3.3B
+15%
2020
$2.9B
+0%
2019
$2.9B
-7%
2018
$3.1B
-2%
2017
$3.1B
+1%
2016
$3.1B
-13%
2015
$3.6B
-9%
2014
$3.9B
+12%
2013
$3.5B
-23%
2012
$4.5B
+11%
2011
$4.1B
+7%
2010
$3.8B
+5%
2009
$3.6B
+2%
2008
$3.6B
+9%
2007
$3.3B
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q2 2026
$813M
Q1 2026
$764M
Q4 2025
$1.2B
Q3 2025
$741M
Q2 2025
$786M
Q1 2025
$759M
Q4 2024
$1.3B
Q3 2024
$863M
Q2 2024
$848M
Q1 2024
$829M
Q4 2023
$683M
Q3 2023
$836M
Source: BAX on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.