Baxter International Q3 FY25: where the revenue came from and where it went
The whole income statement of Baxter International for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 4, 2025
Revenue$2.84B
+5% year over year
Gross profit$0.95B
34% margin
Operating profit$0.17B
6% margin
Net profit−$0.05B
−2% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.84 | 100% | +5% |
| US | 1.54 | 54% | +3% |
| Western Europe Canada Japan | 0.94 | 33% | +10% |
| Eastern Europe Middle | 0.36 | 13% | +2% |
| Cost of revenue | −1.89 | 66% | |
| Gross profit | 0.95 | 34% margin | −5pp |
| R&D | −0.12 | 4% | −1pp |
| SG&A | −0.66 | 23% | −3pp |
| Operating profit | 0.17 | 6% margin | +0pp |
| Interest & other costs | −0.05 | ||
| Tax | −0.17 | ||
| Net profit | −0.05 | −2% margin | −7pp |
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