Baxter International (BAX) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the same quarter one year earlier despite a sharp sequential increase from the immediately preceding quarter. The reported sequential growth follows a notable drop in the prior quarter, while the year-ago comparison remains negative.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter declined compared to the same quarter one year earlier despite a sharp sequential increase from the immediately preceding quarter. The reported sequential growth follows a notable drop in the prior quarter, while the year-ago comparison remains negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
+559.2%
Change from the immediately preceding quarter.
Year-over-year
-27.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.4B
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 |
|---|---|---|
| Mar 31, 2023 | $2.4B | -31.4% |
| Jun 30, 2023 | $4.8B | +33.0% |
| Sep 30, 2023 | $414M | -88.5% |
| Dec 31, 2023 | $2.7B | -27.1% |
Revenue performance
Revenue moved significantly higher on a sequential basis, reversing a steep decline in the prior quarter. However, versus the same quarter last year, revenue was lower, reflecting continued contraction on an annual basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue expanded substantially, marking a reversal of the prior period's contraction. In contrast, when measured against the same quarter one year earlier, revenue contracted, extending the pattern of year-over-year decline.
What to watch
Monitor whether the sequential revenue rebound can be sustained or if quarterly volatility will persist.