# Baxter International (BAX) — Earnings

BAX · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/bax/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.56 |
| EPS estimate | $0.37 |
| EPS surprise | +52.80% |
| Revenue surprise | +5.88% |
| Revenue | $3.0B |
| Revenue estimate | $2.8B |
| Reported | Jul 30, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/1475b770-269d-118f-9206-871173af60c4.html) |

Baxter reported Q2 2026 results on July 30, 2026. Earnings per share came in at $0.56, ahead of the $0.37 estimate by 52.80%. Revenue was $3.0 billion, above the $2.8 billion consensus. Compared with Q2 2025, EPS fell about 5% from $0.59, while revenue rose from $2.8 billion.

Annual EPS fell every year, from $3.50 in 2022 to $2.95 in 2023, $2.40 in 2024 and $2.19 in 2025, a drop of about 37%. The first half of 2026 adds up to $0.93, about 18% less than the same period a year earlier. Revenue ran between $3.6 billion and $3.9 billion a quarter from Q1 2022 through Q2 2024, then between $2.6 billion and $3.0 billion from Q3 2024 on. The EPS high here was $1.04 in Q4 2021, and the low was $0.36 in Q4 2025. Over the last 20 quarters, Baxter beat the EPS estimate 15 times. The largest miss was Q3 2024, at 36.90% below.

Baxter reported Q3 between October 27 and November 8 in each of the past five years. That points to late October or early November 2026 for the next report. It will show whether the year-over-year comparison for EPS turns positive.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 30, 2026 | $0.37 | $0.56 | 52.80% | $2.8B | $3.0B |
| Q1 2026 | Apr 30, 2026 | $0.31 | $0.37 | 18.97% | $2.6B | $2.7B |
| Q4 2025 | Feb 12, 2026 | $0.54 | $0.36 | -33.36% | $2.8B | $3.0B |
| Q3 2025 | Oct 30, 2025 | $0.60 | $0.69 | 15.42% | $2.9B | $2.8B |
| Q2 2025 | Jul 31, 2025 | $0.61 | $0.59 | -3.34% | $2.8B | $2.8B |
| Q1 2025 | May 1, 2025 | $0.48 | $0.55 | 13.75% | $2.6B | $2.6B |
| Q4 2024 | Feb 20, 2025 | $0.53 | $0.58 | 9.79% | $2.7B | $2.8B |
| Q3 2024 | Nov 8, 2024 | $0.78 | $0.49 | -36.90% | $3.8B | $2.7B |
| Q2 2024 | Aug 6, 2024 | $0.66 | $0.68 | 2.66% | $3.8B | $3.8B |
| Q1 2024 | May 2, 2024 | $0.61 | $0.65 | 7.01% | $3.6B | $3.6B |
| Q4 2023 | Feb 8, 2024 | $0.86 | $0.88 | 1.80% | $3.8B | $3.9B |
| Q3 2023 | Nov 2, 2023 | $0.67 | $0.82 | 22.92% | $3.7B | $3.7B |
| Q2 2023 | Jul 27, 2023 | $0.60 | $0.66 | 10.07% | $3.8B | $3.7B |
| Q1 2023 | Apr 27, 2023 | $0.49 | $0.59 | 19.48% | $3.6B | $3.6B |
| Q4 2022 | Feb 9, 2023 | $0.94 | $0.88 | -6.33% | $3.8B | $3.9B |
| Q3 2022 | Oct 27, 2022 | $0.82 | $0.82 | 0.59% | $3.8B | $3.8B |
| Q2 2022 | Jul 28, 2022 | $0.87 | $0.87 | -0.40% | $3.9B | $3.7B |
| Q1 2022 | Apr 28, 2022 | $0.80 | $0.93 | 16.08% | $3.7B | $3.7B |
| Q4 2021 | Feb 17, 2022 | $1.03 | $1.04 | 1.41% | $3.3B | $3.5B |
| Q3 2021 | Oct 28, 2021 | $0.94 | $1.02 | 8.77% | $3.2B | $3.2B |

## Frequently Asked Questions

### When did Baxter International (BAX) last report earnings?

Baxter International last reported on Jul 30, 2026, covering fiscal Q2 2026.

### Did BAX beat earnings estimates?

Yes. Baxter International reported EPS of $0.56 for Q2 2026 against a $0.37 estimate — a 52.80% beat.

### How much revenue did BAX report last quarter?

Baxter International reported $3.0B in revenue for Q2 2026, against a consensus estimate of $2.8B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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