What is Baxter International's cash and short-term investments?

Latest reported cash and short-term investments for Baxter International (BAX) is $1.97B (period ending December 31, 2025).

How has Baxter International cash and short-term investments changed year-over-year?

Baxter International (BAX) cash and short-term investments changed +11.5% year-over-year on the latest annual filing.

What is the long-term growth rate of Baxter International cash and short-term investments?

Baxter International (BAX) cash and short-term investments compound annual growth rate is -12.0% over the most recent 5 years available.

When did Baxter International cash and short-term investments hit its highest annual value?

Baxter International cash and short-term investments reached its highest annual value of $7.36B in 2015.

Cash on Hand for Baxter International (BAX)

According to Baxter International's latest reported financial statements, the company's latest reported cash and short-term investments is $1.97B USD. Cash on hand here is cash, cash equivalents, and short-term investments reported at the end of each period — the most liquid assets on the balance sheet. Compare with total debt for a net cash/debt picture and with total assets for the share of assets held in cash.

Headline figure above is from the reporting period ending December 31, 2025 (reported February 12, 2026). Chart and table below cover the full reported history back to 1985.

Baxter International

BAX

Currently viewingCash on HandSwitch metric

Income statement

Cash flow

Capital Expenditures

Balance sheet

Shares & market cap

14 metrics

Latest period

$1.97B

YoY change

+11.5%

5Y CAGR

-12.0%

Peak year (2015)

$7.36B

Latest annual

$1.97B

Cash on Hand history chart for Baxter International (BAX) from 1985 to 2025

Cash on Hand history table for Baxter International (BAX) from 1985 to 2025

Fiscal year	Period ended	Reported	Cash on Hand	YoY
2025	Dec 31, 2025	Feb 12, 2026	$1.97B	+11.5%
2024	Dec 31, 2024	Feb 21, 2025	$1.76B	-42.7%
2023	Dec 31, 2023	Feb 8, 2024	$3.08B	+79.2%
2022	Dec 31, 2022	Feb 9, 2023	$1.72B	-41.8%
2021	Dec 31, 2021	Feb 23, 2022	$2.95B	-20.9%
2020	Dec 31, 2020	Feb 11, 2021	$3.73B	+11.8%
2019	Dec 31, 2019	Mar 17, 2020	$3.33B	+81.4%
2018	Dec 31, 2018	Feb 21, 2019	$1.84B	-45.8%
2017	Dec 31, 2017	Feb 23, 2018	$3.39B	+21.2%
2016	Dec 31, 2016	Feb 23, 2017	$2.80B	-61.9%
2015	Dec 31, 2015	Feb 26, 2016	$7.36B	+151.7%
2014	Dec 31, 2014	Feb 26, 2015	$2.92B	+7.0%
2013	Dec 31, 2013	Feb 21, 2014	$2.73B	-16.4%
2012	Dec 31, 2012	Feb 21, 2013	$3.27B	+12.6%
2011	Dec 31, 2011	Feb 23, 2012	$2.90B	+8.2%
2010	Dec 31, 2010	Feb 23, 2011	$2.69B	-3.6%
2009	Dec 31, 2009	Feb 23, 2010	$2.79B	+30.7%
2008	Dec 31, 2008	Feb 19, 2009	$2.13B	-16.1%
2007	Dec 31, 2007	Feb 26, 2008	$2.54B	+2.2%
2006	Dec 31, 2006	Feb 28, 2007	$2.48B	+195.5%
2005	Dec 31, 2005	Mar 7, 2006	$841.00M	-24.2%
2004	Dec 31, 2004	Mar 16, 2005	$1.11B	+19.9%
2003	Dec 31, 2003	Mar 12, 2004	$925.00M	-20.9%
2002	Dec 31, 2002	Mar 12, 2003	$1.17B	+100.9%
2001	Dec 31, 2001	Mar 13, 2002	$582.00M	+0.5%
2000	Dec 31, 2000	Mar 14, 2001	$579.00M	-4.5%
1999	Dec 31, 1999	Mar 23, 2000	$606.00M	-14.5%
1998	Dec 31, 1998	Mar 19, 1999	$709.00M	+52.5%
1997	Dec 31, 1997	Mar 20, 1998	$465.00M	-38.9%
1996	Dec 31, 1996	Mar 19, 1997	$761.00M	+59.9%
1995	Dec 31, 1995	Mar 22, 1996	$476.00M	+1.1%
1994	Dec 31, 1994	Mar 24, 1995	$471.00M	-1.7%
1993	Dec 31, 1993	Mar 21, 1994	$479.00M	+1396.9%
1992	Dec 31, 1992	Dec 31, 1992	$32.00M	-90.2%
1991	Dec 31, 1991	Dec 31, 1991	$328.00M	+720.0%
1990	Dec 31, 1990	Dec 31, 1990	$40.00M	-40.3%
1989	Dec 31, 1989	Dec 31, 1989	$67.00M	-66.7%
1988	Dec 31, 1988	Dec 31, 1988	$201.00M	+294.1%
1987	Dec 31, 1987	Dec 31, 1987	$51.00M	+142.9%
1986	Dec 31, 1986	Dec 31, 1986	$21.00M	-92.3%
1985	Dec 31, 1985	Dec 31, 1985	$274.00M	—

Cash on Hand values are taken from Baxter International's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

Analysis

Baxter International (BAX) most recent annual cash and short-term investments stands at $1.97B (2025) – grew 11.5% year-over-year.

Looking at the 2020–2025 (5 years) stretch, Baxter International cash and short-term investments compounded at -12.0% per year, with a net decline across the window.

Between 2015 and 2025, Baxter International cash and short-term investments plunged 73.3%, falling from $7.36B to $1.97B.

Across the available history, cash and short-term investments reached its high of $7.36B in 2015 and its low of $21.00M in 1986.

Baxter International (BAX) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $11.85B.

Baxter International Cash on Hand by Year

Baxter International Cash on Hand 2025: $1.97B

Baxter International cash and short-term investments in 2025 was $1.97B, grew 11.5% from 2024.

Baxter International Cash on Hand 2024: $1.76B

Baxter International cash and short-term investments in 2024 was $1.76B, plunged 42.7% below 2023.

Baxter International Cash on Hand 2023: $3.08B

Baxter International cash and short-term investments in 2023 was $3.08B, surged 79.2% from 2022.

Baxter International Cash on Hand 2022: $1.72B

Baxter International cash and short-term investments in 2022 was $1.72B, plunged 41.8% below 2021.

Baxter International Cash on Hand 2021: $2.95B

Baxter International cash and short-term investments in 2021 was $2.95B.

See more financial history for Baxter International (BAX).

Sector peers — Cash on Hand

Companies in the same sector as Baxter International, ranked by their latest cash and short-term investments.

Company	Cash on Hand	Sector
UnitedHealth Group Incorporated (UNH)	$28.12B	Healthcare
Novo Nordisk A/S (NVO)	$26.96B	Healthcare
Johnson & Johnson (JNJ)	$20.10B	Healthcare
Merck & Co., Inc. (MRK)	$14.56B	Healthcare
Amgen Inc. (AMGN)	$9.13B	Healthcare
Eli Lilly and Company (LLY)	$7.27B	Healthcare
AstraZeneca PLC (AZN)	$5.74B	Healthcare
AbbVie Inc. (ABBV)	$5.26B	Healthcare

Frequently asked questions

What is Baxter International's cash and short-term investments?: Latest reported cash and short-term investments for Baxter International (BAX) is $1.97B (period ending December 31, 2025).
How has Baxter International cash and short-term investments changed year-over-year?: Baxter International (BAX) cash and short-term investments changed +11.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Baxter International cash and short-term investments?: Baxter International (BAX) cash and short-term investments compound annual growth rate is -12.0% over the most recent 5 years available.
When did Baxter International cash and short-term investments hit its highest annual value?: Baxter International cash and short-term investments reached its highest annual value of $7.36B in 2015.
What was Baxter International cash and short-term investments in 2024?: Baxter International (BAX) cash and short-term investments in 2024 was $1.76B.
What was Baxter International cash and short-term investments in 2025?: Baxter International (BAX) cash and short-term investments in 2025 was $1.97B.