Baxter International
Financial Performance
Baxter International Revenue & Financials
Revenue
$10.6B (FY2024)
Market Cap
$18B
Employees
60,000
What is Baxter International's revenue?
Baxter International had $10.6B in revenue for fiscal year 2024, up 2.7% from 2023. It reported a net loss of $649M.
- Latest revenue
- $10.6B (FY2024)
- Year-over-year
- +2.7%
- Growth rate (CAGR)
- 0.7% over 9 years
- Peak revenue
- $12.8B (FY2021)
- Years of data
- 10
- Employees
- 60,000
- How much profit does Baxter International make?
- Baxter International reported a net loss of $649M for fiscal year 2024.
- How many employees does Baxter International have?
- Baxter International has about 60,000 employees.
Financial Analysis
Baxter International demonstrates resilient operational cash generation and balance sheet deleveraging following strategic portfolio optimization. In fiscal year 2024, Baxter generated consolidated revenues of $14.8 billion, delivering 4.5% organic sales growth. Operating income reached $2.1 billion with adjusted operating margin expanding to 16.5%. With the completion of the $3.8 billion Vantive kidney care sale to Carlyle, Baxter used the proceeds to retire over $3.0 billion in term debt, dramatically strengthening its investment-grade balance sheet and expanding free cash flow to over $1.2 billion annually.
Revenue Trend Analysis
YoY Change
+2.7%
9-Year CAGR
+0.7%
Peak Year
2021
Trend
Consistent Growth
Baxter International has 10 full fiscal year figures on this page, compounding at +0.7% annually over 9 years. The most recent year saw a 2.7% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $12.8B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $10.6B | -$649M | +2.7% |
| FY2023 | $10.4B | $2.7B | +3.0% |
| FY2022 | $10.1B | -$2.4B | -21.3% |
| FY2021 | $12.8B | $1.1B | +9.5% |
| FY2020 | $11.7B | $1B | +2.7% |
| FY2019 | $11.4B | $1.5B | +2.4% |
| FY2018 | $11.1B | $602M | +5.1% |
| FY2017 | $10.6B | $717M | +4.2% |
| FY2016 | $10.1B | $4.9B | +1.7% |
| FY2015 | $10B | $254M | — |
Click any row to see year details.
Keep researching Baxter International
Baxter International Revenue and Financial FAQ
What was Baxter International's latest reported annual revenue?
In its latest audited financial reporting period, Baxter International recorded consolidated net revenue of $14.8B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Baxter International?
Baxter International generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Baxter International's capital and liquidity position?
Baxter International maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Baxter International distribute capital to shareholders?
Baxter International executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Baxter International Revenue & Financials." CorpDigest, https://corpdigest.com/company/baxter-international/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Baxter International reported $10.6B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/baxter-international/financials" target="_blank" rel="noopener">CorpDigest — Baxter International financials</a></div>Related Financial Audits
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