What is the current annual gross margin of BAX?

As of today, BAX annual gross margin is 32.99%

What is 1-year change in BAX annual gross margin?

BAX annual gross margin is down -8.97% year-over-year

What is 3-year change in BAX annual gross margin?

BAX annual gross margin is down -13.43% over the past 3 years

How far is BAX annual gross margin from its all-time high?

BAX annual gross margin is currently -36.41% below its historical high of 51.88% set on December 31, 2012

How does BAX annual gross margin rank versus sector peers?

BAX annual gross margin is higher than 35.14% of companies in Healthcare sector

When is BAX next annual earnings release?

As of today, the next annual earnings release for BAX has not been scheduled

What is the current quarterly gross margin of BAX?

As of today, BAX quarterly gross margin is 31.54%

What is BAX quarterly gross margin most recent change?

BAX quarterly gross margin was up +7.83% on March 31, 2026

What is 1-year change in BAX quarterly gross margin?

BAX quarterly gross margin is down -10.88% year-over-year

How far is BAX quarterly gross margin from its all-time high?

BAX quarterly gross margin is currently -43.58% below its historical high of 55.90% set on December 31, 2002

How does BAX quarterly gross margin rank versus sector peers?

BAX quarterly gross margin is higher than 33.56% of companies in Healthcare sector

When is BAX next earnings release?

The next earnings release for BAX is on July 30, 2026

BAX Gross Margin History & Chart Since 1980

Annual Gross Margin

32.99%3.25%-8.97%

December 31, 2025

Summary

Current Value: As of today, BAX annual gross margin is 32.99%, down -8.97% on December 31, 2025
Historical Performance: BAX annual gross margin is down -13.43% over the past 3 years, down -17.65% over the past 5 years
All-Time High Comparison: BAX annual gross margin is currently -36.41% below its historical high of 51.88% set on December 31, 2012
3-Year Low Comparison: BAX annual gross margin is at its 3-year low
Sector Comparison: BAX annual gross margin is higher than 35.14% of companies in Healthcare sector

Gross Margin Chart

Performance

BAX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	32.99%	-9.0%	-13.4%	-17.6%	-35.6%
Quarterly Gross Margin	Mar 31, 26	31.54%	-10.9%	-11.7%	-21.0%	-38.4%
Price	May 8, 26	$17.99	-41.8%	-58.5%	-78.5%	-43.6%
PE Ratio	May 8, 26	-	–	–	–	–
Annual Revenue	Dec 31, 25	$11.24B	+5.7%	-22.5%	-3.7%	-13.9%
Annual Gross Profit	Dec 31, 25	$3.71B	-3.8%	-32.9%	-20.7%	-44.6%
Annual Operating Margin	Dec 31, 25	6.16%	-4.6%	-45.5%	-60.4%	-73.5%
Annual Net Margin	Dec 31, 25	-8.00%	-160.6%	+56.3%	-184.1%	-173.2%

Gross Margin Highs

BAX Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	38.48%	Dec 31, 23	-14.3%
5Y	40.83%	Dec 31, 21	-19.2%
All	51.88%	Dec 31, 12	-36.4%

Gross Margin Lows

BAX Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	32.99%	Dec 31, 25	at low
5Y	32.99%	Dec 31, 25	at low
All	32.99%	Dec 31, 25	at low

Gross Margin History

Year	Value	Change
2025	32.99%	-9.0%
2024	36.24%	-5.8%
2023	38.48%	+1.0%
2022	38.11%	-6.7%
2021	40.83%	+1.9%
2020	40.06%	-6.9%
2019	43.01%	-1.0%
2018	43.45%	+0.0%
2017	43.44%	+2.6%
2016	42.34%	+2.7%
2015	41.22%	-4.4%
2014	43.11%	-14.6%
2013	50.48%	-2.7%
2012	51.88%	+0.3%
2011	51.70%	+0.9%
2010	51.26%	-1.1%
2009	51.82%	+4.4%
2008	49.64%	+1.3%
2007	49.00%	+7.1%
2006	45.74%	+10.1%
2005	41.56%	-0.2%
2004	41.64%	-6.2%
2003	44.40%	-5.0%

Year	Value	Change
2002	46.76%	+5.7%
2001	44.23%	+0.6%
2000	43.97%	+0.4%
1999	43.78%	-1.2%
1998	44.31%	-1.2%
1997	44.85%	+1.9%
1996	44.01%	-0.9%
1995	44.43%	+28.4%
1994	34.59%	-2.6%
1993	35.53%	-5.2%
1992	37.47%	+2.2%
1991	36.66%	+4.7%
1990	35.01%	+0.5%
1989	34.83%	-4.2%
1988	36.35%	+4.1%
1987	34.93%	-4.0%
1986	36.39%	-7.0%
1985	39.15%	-7.0%
1984	42.10%	-9.5%
1983	46.51%	+1.9%
1982	45.66%	+6.9%
1981	42.72%	+3.4%
1980	41.33%	-

FAQ

What is the current annual gross margin of BAX?
As of today, BAX annual gross margin is 32.99%
What is 1-year change in BAX annual gross margin?
BAX annual gross margin is down -8.97% year-over-year
What is 3-year change in BAX annual gross margin?
BAX annual gross margin is down -13.43% over the past 3 years
How far is BAX annual gross margin from its all-time high?
BAX annual gross margin is currently -36.41% below its historical high of 51.88% set on December 31, 2012
How does BAX annual gross margin rank versus sector peers?
BAX annual gross margin is higher than 35.14% of companies in Healthcare sector
When is BAX next annual earnings release?
As of today, the next annual earnings release for BAX has not been scheduled

Quarterly Gross Margin

31.54%2.29%+7.83%

March 31, 2026

Summary

Current Value: As of today, BAX quarterly gross margin is 31.54%, up +7.83% on March 31, 2026
Historical Performance: BAX quarterly gross margin is down -10.88% year-over-year, down -11.65% over the past 3 years
All-Time High Comparison: BAX quarterly gross margin is currently -43.58% below its historical high of 55.90% set on December 31, 2002
3-Year Low Comparison: BAX quarterly gross margin is +7.83% above its 3-year low of 29.25% reached on December 31, 2025
Sector Comparison: BAX quarterly gross margin is higher than 33.56% of companies in Healthcare sector

Performance

BAX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Mar 31, 26	31.54%	+7.8%	-10.9%	-11.7%	-21.0%
Annual Gross Margin	Dec 31, 25	32.99%	–	-9.0%	-13.4%	-17.6%
Price	May 8, 26	$17.99	-19.2%	-41.8%	-58.5%	-78.5%
PE Ratio	May 8, 26	-	–	–	–	–
Quarterly Revenue	Mar 31, 26	$2.70B	-9.2%	+2.9%	-23.1%	-8.3%
Quarterly Gross Profit	Mar 31, 26	$852.00M	-2.1%	-8.3%	-32.1%	-27.6%
Quarterly Operating Margin	Mar 31, 26	4.22%	+7.4%	-39.5%	-43.0%	-71.7%
Quarterly Net Margin	Mar 31, 26	-0.63%	+98.2%	-125.8%	-100.0%	-106.2%

Quarterly Gross Margin Highs

BAX Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	35.39%	N/A	-10.9%
3Y	38.82%	Sep 30, 23	-18.8%
5Y	41.75%	Sep 30, 21	-24.5%
All	55.90%	Dec 31, 02	-43.6%

Quarterly Gross Margin Lows

BAX Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	29.25%	Dec 31, 25	+7.8%
3Y	29.25%	Dec 31, 25	+7.8%
5Y	29.25%	Dec 31, 25	+7.8%
All	7.39%	Dec 31, 95	+326.8%

Quarterly Gross Margin History

Month	Value	Change
Mar 2026	31.54%	+7.8%
Dec 2025	29.25%	-11.6%
Sep 2025	33.09%	-3.9%
Jun 2025	34.45%	-2.7%
Mar 2025	35.39%	-1.0%
Dec 2024	35.74%	-1.6%
Sep 2024	36.31%	-0.8%
Jun 2024	36.60%	+0.0%
Mar 2024	36.59%	-5.6%
Dec 2023	38.77%	-0.1%
Sep 2023	38.82%	+8.4%
Jun 2023	35.82%	+0.3%
Mar 2023	35.70%	-13.7%
Dec 2022	41.36%	+11.7%
Sep 2022	37.02%	+1.7%
Jun 2022	36.39%	-5.1%
Mar 2022	38.33%	-6.9%
Dec 2021	41.15%	-1.4%
Sep 2021	41.75%	+3.4%
Jun 2021	40.38%	+1.2%
Mar 2021	39.92%	+3.5%
Dec 2020	38.57%	-4.7%
Sep 2020	40.48%	+3.6%
Jun 2020	39.07%	-7.4%
Mar 2020	42.18%	-3.8%
Dec 2019	43.83%	+0.3%
Sep 2019	43.70%	+2.8%
Jun 2019	42.52%	+1.6%
Mar 2019	41.85%	-1.6%
Dec 2018	42.53%	-8.5%
Sep 2018	46.50%	+5.4%
Jun 2018	44.12%	+4.1%
Mar 2018	42.40%	-4.5%
Dec 2017	44.41%	+4.6%
Sep 2017	42.45%	-3.8%
Jun 2017	44.11%	+3.4%
Mar 2017	42.67%	+0.1%
Dec 2016	42.61%	-1.7%
Sep 2016	43.35%	+2.7%
Jun 2016	42.21%	+4.0%
Mar 2016	40.59%	-1.2%
Dec 2015	41.07%	-2.2%
Sep 2015	41.98%	+3.0%
Jun 2015	40.77%	-0.7%
Mar 2015	41.07%	-5.8%
Dec 2014	43.60%	-1.2%
Sep 2014	44.15%	-7.6%
Jun 2014	47.80%	-2.7%
Mar 2014	49.12%	+0.6%
Dec 2013	48.82%	-5.3%
Sep 2013	51.54%	-1.7%
Jun 2013	52.43%	+3.1%
Mar 2013	50.87%	-3.0%
Dec 2012	52.45%	+1.0%
Sep 2012	51.93%	-1.0%
Jun 2012	52.44%	+3.6%
Mar 2012	50.60%	-2.7%
Dec 2011	51.99%	+1.1%
Sep 2011	51.42%	-1.5%
Jun 2011	52.18%	+2.0%
Mar 2011	51.17%	+10.6%
Dec 2010	46.28%	-10.0%
Sep 2010	51.41%	+0.1%
Jun 2010	51.36%	-1.5%
Mar 2010	52.12%	+0.4%
Dec 2009	51.93%	+0.3%
Sep 2009	51.75%	-0.1%
Jun 2009	51.78%	-0.1%
Mar 2009	51.81%	+1.3%
Dec 2008	51.17%	+6.0%
Sep 2008	48.27%	-5.4%
Jun 2008	51.02%	+6.4%
Mar 2008	47.97%	-2.8%
Dec 2007	49.35%	-1.4%
Sep 2007	50.04%	+1.7%

Month	Value	Change
Jun 2007	49.20%	+4.0%
Mar 2007	47.33%	-0.5%
Dec 2006	47.59%	+0.1%
Sep 2006	47.52%	+8.7%
Jun 2006	43.71%	-0.6%
Mar 2006	43.96%	+9.4%
Dec 2005	40.18%	-7.1%
Sep 2005	43.24%	+0.1%
Jun 2005	43.19%	+6.2%
Mar 2005	40.66%	-5.6%
Dec 2004	43.06%	+3.7%
Sep 2004	41.51%	+5.2%
Jun 2004	39.47%	-2.5%
Mar 2004	40.47%	-9.9%
Dec 2003	44.94%	+2.6%
Sep 2003	43.80%	-2.6%
Jun 2003	44.98%	+2.1%
Mar 2003	44.07%	-21.2%
Dec 2002	55.90%	+24.2%
Sep 2002	45.00%	-1.2%
Jun 2002	45.55%	+0.2%
Mar 2002	45.44%	+3.6%
Dec 2001	43.87%	-2.5%
Sep 2001	45.00%	+1.9%
Jun 2001	44.17%	+0.7%
Mar 2001	43.88%	-1.0%
Dec 2000	44.31%	-0.7%
Sep 2000	44.64%	+2.1%
Jun 2000	43.74%	+1.5%
Mar 2000	43.08%	-2.0%
Dec 1999	43.98%	-1.4%
Sep 1999	44.62%	+1.5%
Jun 1999	43.97%	+2.5%
Mar 1999	42.91%	-2.1%
Dec 1998	43.85%	+0.4%
Sep 1998	43.66%	-5.8%
Jun 1998	46.35%	+2.8%
Mar 1998	45.10%	-10.2%
Dec 1997	50.20%	-0.7%
Sep 1997	50.54%	-0.4%
Jun 1997	50.73%	-3.7%
Mar 1997	52.67%	+5.1%
Dec 1996	50.13%	-1.4%
Sep 1996	50.84%	+1.0%
Jun 1996	50.34%	-0.0%
Mar 1996	50.35%	+581.3%
Dec 1995	7.39%	-80.4%
Sep 1995	37.66%	-0.5%
Jun 1995	37.85%	-0.6%
Mar 1995	38.09%	-6.3%
Dec 1994	40.64%	-0.0%
Sep 1994	40.65%	+1.9%
Jun 1994	39.90%	+0.8%
Mar 1994	39.58%	-4.0%
Dec 1993	41.21%	-1.6%
Sep 1993	41.88%	-0.0%
Jun 1993	41.90%	-1.5%
Mar 1993	42.53%	-3.5%
Dec 1992	44.07%	+1.4%
Sep 1992	43.48%	+0.5%
Jun 1992	43.27%	+7.1%
Mar 1992	40.42%	-2.8%
Dec 1991	41.59%	-0.8%
Sep 1991	41.91%	+0.4%
Jun 1991	41.74%	+3.1%
Mar 1991	40.48%	-1.9%
Dec 1990	41.26%	-0.3%
Sep 1990	41.39%	+1.5%
Jun 1990	40.79%	+5.5%
Mar 1990	38.68%	-3.5%
Dec 1989	40.08%	-2.5%
Sep 1989	41.10%	+1.6%
Jun 1989	40.46%	-2.1%
Mar 1989	41.32%	-

FAQ

What is the current quarterly gross margin of BAX?
As of today, BAX quarterly gross margin is 31.54%
What is BAX quarterly gross margin most recent change?
BAX quarterly gross margin was up +7.83% on March 31, 2026
What is 1-year change in BAX quarterly gross margin?
BAX quarterly gross margin is down -10.88% year-over-year
How far is BAX quarterly gross margin from its all-time high?
BAX quarterly gross margin is currently -43.58% below its historical high of 55.90% set on December 31, 2002
How does BAX quarterly gross margin rank versus sector peers?
BAX quarterly gross margin is higher than 33.56% of companies in Healthcare sector
When is BAX next earnings release?
The next earnings release for BAX is on July 30, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

BAX Official Website www.baxter.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/10456/000162828026007733/0001628280-26-007733-index.htm
BAX Profile on Yahoo Finance finance.yahoo.com/quote/BAX
BAX Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/bax