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Operating Margin for Baxter International (BAX)

As of · Reported

Metric

TTM

-2.7%

YoY change

−2.87pp

Trough year (2022)

-28.3%

Peak year (2009)

22.9%

Operating Margin history chart for Baxter International (BAX) from 1985 to 2025

Latest: -2.7%

Operating Margin change chart for Baxter International (BAX) from 1985 to 2025

Latest: −2.87pp

Operating Margin history table for Baxter International (BAX) from 1985 to 2025

  • 2025-2.7%-2.87pp
  • 20240.1%-6.69pp
  • 20236.8%+35.11pp
  • 2022-28.3%-39.40pp
  • 202111.1%-2.73pp
  • 202013.8%-1.75pp
  • 201915.6%+1.32pp
  • 201814.3%+2.10pp
  • 201712.2%+4.84pp
  • 20167.3%+2.83pp
  • 20154.5%-1.62pp
  • 20146.1%+0.85pp
  • 20135.3%-14.97pp
  • 201220.2%-0.96pp
  • 201121.2%+4.57pp
  • 201016.6%-6.27pp
  • 200922.9%+2.14pp
  • 200820.8%+1.52pp
  • 200719.2%+1.51pp
  • 200617.7%+1.10pp
  • 200516.6%+7.23pp
  • 20049.4%-4.72pp
  • 200314.1%-4.75pp
  • 200218.9%+2.25pp
  • 200116.6%+1.19pp
  • 200015.4%-2.59pp
  • 199918.0%+0.24pp
  • 199817.8%+0.92pp
  • 199716.9%+0.11pp
  • 199616.8%+0.63pp
  • 199516.1%+5.15pp
  • 199411.0%+8.28pp
  • 19932.7%-9.64pp
  • 199212.3%+0.14pp
  • 199112.2%+7.73pp
  • 19904.5%-6.80pp
  • 198911.3%+0.41pp
  • 198810.9%-0.26pp
  • 198711.1%+2.41pp
  • 19868.7%-2.54pp
  • 198511.3%—

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

About Operating Margin at Baxter International (BAX)

According to Baxter International's latest reported financial statements, the company's latest reported operating margin is -2.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Baxter International (BAX) operating margin totalled -2.74% – contracted 2.9 percentage points year-over-year.

2009 marks the peak operating margin at 22.90%, with the historical low of -28.29% recorded in 2022.

Baxter International Operating Margin by Year

Baxter International Operating Margin 2025: -2.7%

In 2025, Baxter International reported operating margin of -2.74%, contracted 2.9 percentage points from 2024.

Baxter International Operating Margin 2024: 0.1%

Baxter International operating margin in 2024 was 0.13%, contracted 6.7 percentage points from 2023.

Baxter International Operating Margin 2023: 6.8%

2023's operating margin for Baxter International came in at 6.82%, expanded 35.1 percentage points from 2022.

Baxter International Operating Margin 2022: -28.3%

Baxter International posted operating margin of -28.29% in 2022, contracted 39.4 percentage points from 2021. This figure represents the lowest annual value in the available history.

Baxter International Operating Margin 2021: 11.1%

Baxter International operating margin in 2021 was 11.11%.

See more financial history for Baxter International (BAX).

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Healthcare peers of Baxter International (BAX), ranked by their latest operating margin

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