Baxter International (BAX) Revenue — Quarter Ended Sep 30, 2025
Reported revenue increased compared with the prior quarter and also rose relative to the same period a year ago. The sequential improvement followed a prior-quarter decline, while the year-over-year gain extended the trend of positive annual comparisons.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Reported revenue increased compared with the prior quarter and also rose relative to the same period a year ago. The sequential improvement followed a prior-quarter decline, while the year-over-year gain extended the trend of positive annual comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$11B
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, 2024 | $2.8B | +0.9% |
| Mar 31, 2025 | $2.6B | +5.4% |
| Jun 30, 2025 | $2.8B | +4.3% |
| Sep 30, 2025 | $2.8B | +5.0% |
Revenue performance
Revenue for the quarter was higher than the immediately preceding quarter, reversing the decrease seen between the prior two periods. This quarter's total also exceeded the level achieved one year earlier.
Quarterly comparison
Sequentially, revenue improved after declining in the preceding quarter. Compared with the same quarter one year ago, revenue was also higher, maintaining a pattern of annual growth seen throughout the fiscal year to date.
What to watch
Inventory levels were noted as an unfavorable impact on operating cash flows in the nine-month period, which may warrant attention in future quarters.