Baxter International (BAX) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased sharply compared to both the prior quarter and the same quarter last year. The decline reflects a significant change in the company's reported revenue.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased sharply compared to both the prior quarter and the same quarter last year. The decline reflects a significant change in the company's reported revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$414M
Revenue reported for this quarter.
Quarter-over-quarter
-91.3%
Change from the immediately preceding quarter.
Year-over-year
-88.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
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 |
|---|---|---|
| Dec 31, 2022 | $3.7B | +30.2% |
| Mar 31, 2023 | $2.4B | -31.4% |
| Jun 30, 2023 | $4.8B | +33.0% |
| Sep 30, 2023 | $414M | -88.5% |
Revenue performance
The reported revenue for the quarter was substantially lower than the preceding quarter and the year-ago period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell dramatically, and it was also much lower than the same quarter a year earlier.
What to watch
Future revenue trends should be monitored to assess whether this decline represents a structural shift.