FINHUB Insights

BAX · Q3 FY25 · Jul 1 – Sep 30, 2025

Baxter International Q3 FY25: where the revenue came from and where it went

Baxter International Q3 FY25: revenue $2.8B (+5% year over year). Net profit $0B. Largest cohort US $1.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 4, 2025 10-Q
Sankey diagram of Baxter International's income statement for Q3 FY25: revenue of $2.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.8B +5% year over year
Gross profit$1B 34% margin
Operating profit$0.2B 6% margin
Net profit$0B -2% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 2.8 100% +5%
US 1.5 54% +3%
Western Europe Canada Japan… 0.9 32% +10%
Eastern Europe Middle East Africa… 0.4 14% +2%
Cost of revenue−1.968%
Gross profit134% margin−5pp
Research & development−0.14%−1pp
SG&A−0.725%−3pp
Operating profit0.26% margin+0pp
Tax−0.2
Net profit0-2%−7pp
Filing on EDGAR More quarters of BAX

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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