Baxter International Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Feb 12, 2026
Revenue$2.97B
+8% year over year
Gross profit$0.58B
19% margin
Operating profit−$0.73B
−25% margin
Net profit−$1.13B
−38% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.97 | 100% | +8% |
| US | 1.55 | 52% | +3% |
| Western Europe Canada Japan | 1.02 | 35% | +15% |
| Eastern Europe Middle | 0.40 | 13% | +14% |
| Cost of revenue | −2.40 | 81% | |
| Gross profit | 0.58 | 19% margin | −15pp |
| R&D | −0.13 | 4% | +0pp |
| SG&A | −0.76 | 26% | +0pp |
| Other | −0.42 | 14% | +0pp |
| Operating profit | −0.73 | −25% margin | +0pp |
| Interest & other costs | −0.12 | ||
| Tax | −0.28 | ||
| Net profit | −1.13 | −38% margin | −19pp |
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