Baxter International (BAX) Revenue — Quarter Ended Mar 31, 2025
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter, while the year-over-year increase continued a positive trend.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter, while the year-over-year increase continued a positive trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.6%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.8B
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, 2024 | $2.7B | -43.6% |
| Sep 30, 2024 | $2.7B | +551.9% |
| Dec 31, 2024 | $2.8B | +0.9% |
| Mar 31, 2025 | $2.6B | +5.4% |
Revenue performance
Revenue in the reported quarter was lower than the prior quarter, reversing the previous period's sequential gain. However, when compared with the same quarter a year ago, revenue was higher, indicating sustained year-over-year expansion.
Quarterly comparison
The reported quarter's revenue decreased from the immediately preceding quarter, which had been the highest in recent quarters. At the same time, revenue increased from the same quarter one year earlier, marking a continuation of the year-over-year growth.
What to watch
The sequential revenue decline warrants attention, especially after the prior quarter's strong growth, and the company's operating cash flow turned negative in the quarter.