Baxter International Q3 FY26: 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, 2026
- Reported
- Oct 29, 2026
Revenue$2.98B
+5% year over year
Gross profit$0.99B
33% margin
Operating profit$0.23B
8% margin
Net profit$0.29B
10% margin
Net profit is larger than what operations earned, because the statement adds $0.19B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.98 | 100% | +5% |
| US | 1.60 | 54% | +3% |
| Non US | 1.38 | 46% | |
| Cost of revenue | −1.98 | 67% | |
| Gross profit | 0.99 | 33% margin | |
| R&D | −0.13 | 4% | +0pp |
| SG&A | −0.64 | 22% | +0pp |
| Operating profit | 0.23 | 8% margin | +1pp |
| Other income, net | 0.19 | ||
| Tax | −0.12 | ||
| Net profit | 0.29 | 10% margin | +12pp |
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