Baxter International (BAX) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the reporting quarter compared to both the previous quarter and the same quarter a year earlier. The decrease was significant.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the reporting quarter compared to both the previous quarter and the same quarter a year earlier. The decrease was significant.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-34.8%
Change from the immediately preceding quarter.
Year-over-year
-31.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.6B | +16.0% |
| Sep 30, 2022 | $3.6B | +11.9% |
| Dec 31, 2022 | $3.7B | +30.2% |
| Mar 31, 2023 | $2.4B | -31.4% |
Revenue performance
Revenue fell sharply after several quarters of sequential growth.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. The year-over-year comparison also showed a decline.
What to watch
Monitor whether revenue can stabilize or continue to decline in subsequent quarters.