BAXTER INTERNATIONAL INC

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 30, 2026

BAX$26.42+0.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income (Loss)

Condensed Consolidated Statements of Income (Loss) (unaudited)

(in millions, except per share data)

	Three months endedMarch 31,
	2026	2025
Net sales	$2,701	$2,625
Cost of sales	1,810	1,764
Gross margin	891	861
Selling, general and administrative expenses	728	703
Research and development expenses	139	140
Other operating income, net	(42)	(40)
Operating income	66	58
Interest expense, net	66	64
Other (income) expense, net	6	(3)
Income (loss) from continuing operations before income taxes	(6)	(3)
Income tax expense (benefit)	11	(67)
Income (loss) from continuing operations	(17)	64
Income (loss) from discontinued operations, net of tax	2	62
Net income (loss)	(15)	126
Net income attributable to noncontrolling interests	—	—
Net income (loss) attributable to Baxter stockholders	$(15)	$126
Income (loss) from continuing operations per common share
Basic	$(0.03)	$0.13
Diluted	$(0.03)	$0.13
Income (loss) from discontinued operations per common share
Basic	$—	$0.12
Diluted	$—	$0.12
Income (loss) per common share
Basic	$(0.03)	$0.25
Diluted	$(0.03)	$0.25
Weighted-average number of shares outstanding
Basic	515	512
Diluted	515	514

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.