What is the current annual operating margin of BAX?

As of today, BAX annual operating margin is 6.16%

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

BAX annual operating margin is down -4.64% year-over-year

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

BAX annual operating margin is down -45.53% over the past 3 years

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

BAX annual operating margin is currently -75.94% below its historical high of 25.60% set on December 31, 2001

How does BAX annual operating margin rank versus sector peers?

BAX annual operating margin is higher than 75.13% of companies in Healthcare sector

When is BAX next annual earnings release?

The next annual earnings release for BAX is on February 11, 2027

What is the current quarterly operating margin of BAX?

As of today, BAX quarterly operating margin is 7.93%

What is BAX quarterly operating margin most recent change?

BAX quarterly operating margin was up +6.73% on September 30, 2026

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

BAX quarterly operating margin is up +15.94% year-over-year

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

BAX quarterly operating margin is currently -67.26% below its historical high of 24.22% set on September 30, 2010

How does BAX quarterly operating margin rank versus sector peers?

BAX quarterly operating margin is higher than 71.82% of companies in Healthcare sector

When is BAX next earnings release?

The next earnings release for BAX is on February 11, 2027

BAX Operating Margin History & Chart Since 1980

Annual Operating Margin

6.16%0.30%-4.64%

December 31, 2025

Summary

Current Value: As of today, BAX annual operating margin is 6.16%, down -4.64% on December 31, 2025
Historical Performance: BAX annual operating margin is down -45.53% over the past 3 years, down -60.44% over the past 5 years
All-Time High Comparison: BAX annual operating margin is currently -75.94% below its historical high of 25.60% set on December 31, 2001
3-Year Low Comparison: BAX annual operating margin is at its 3-year low
Sector Comparison: BAX annual operating margin is higher than 75.13% of companies in Healthcare sector

Operating Margin Chart

beforeafter

Performance

BAX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	6.16%	-4.6%	-45.5%	-60.4%	-73.5%
Quarterly Operating Margin	Sep 30, 26	7.93%	+15.9%	-11.2%	-55.8%	-67.2%
Price	Nov 5, 26	$25.65	+42.7%	-25.6%	-67.1%	-12.1%
PE Ratio	Nov 5, 26	-	–	–	–	–
Annual Revenue	Dec 31, 25	$11.24B	+5.7%	-22.5%	-3.7%	-13.9%
Annual Operating Profit	Dec 31, 25	$693.00M	+0.9%	-57.7%	-61.9%	-77.1%
Annual Gross Margin	Dec 31, 25	32.99%	-9.0%	-13.4%	-17.6%	-35.6%
Annual Net Margin	Dec 31, 25	-8.00%	-160.6%	+56.3%	-184.1%	-173.2%

Operating Margin Highs

BAX Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	11.31%	N/A	-45.5%
5Y	16.29%	Dec 31, 21	-62.2%
All	25.60%	Dec 31, 01	-75.9%

Operating Margin Lows

BAX Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	6.16%	Dec 31, 25	at low
5Y	6.16%	Dec 31, 25	at low
All	6.15%	Dec 31, 15	+0.2%

Operating Margin History

Year	Value	Change
2025	6.16%	-4.6%
2024	6.46%	-25.9%
2023	8.72%	-22.9%
2022	11.31%	-30.6%
2021	16.29%	+4.6%
2020	15.57%	-7.3%
2019	16.79%	+6.3%
2018	15.79%	+5.3%
2017	15.00%	+32.6%
2016	11.31%	+83.9%
2015	6.15%	-20.3%
2014	7.72%	-61.4%
2013	19.99%	-4.5%
2012	20.93%	-10.8%
2011	23.46%	+1.1%
2010	23.21%	+0.2%
2009	23.16%	+10.7%
2008	20.92%	+0.0%
2007	20.91%	+17.2%
2006	17.84%	+14.9%
2005	15.53%	-4.0%
2004	16.17%	-9.7%
2003	17.91%	-16.0%

Year	Value	Change
2002	21.32%	-16.7%
2001	25.60%	+39.2%
2000	18.39%	+2.0%
1999	18.03%	+6.3%
1998	16.96%	+3.6%
1997	16.37%	-2.3%
1996	16.75%	+3.8%
1995	16.13%	+47.0%
1994	10.97%	+3.7%
1993	10.58%	-14.3%
1992	12.34%	+1.1%
1991	12.20%	+6.5%
1990	11.46%	+10.7%
1989	10.35%	+4.9%
1988	9.87%	-1.6%
1987	10.03%	+15.2%
1986	8.71%	-22.6%
1985	11.25%	-11.5%
1984	12.71%	-26.2%
1983	17.23%	-0.6%
1982	17.33%	+5.3%
1981	16.45%	+12.4%
1980	14.64%	-

FAQ

What is the current annual operating margin of BAX?: As of today, BAX annual operating margin is 6.16%
What is 1-year change in BAX annual operating margin?: BAX annual operating margin is down -4.64% year-over-year
What is 3-year change in BAX annual operating margin?: BAX annual operating margin is down -45.53% over the past 3 years
How far is BAX annual operating margin from its all-time high?: BAX annual operating margin is currently -75.94% below its historical high of 25.60% set on December 31, 2001
How does BAX annual operating margin rank versus sector peers?: BAX annual operating margin is higher than 75.13% of companies in Healthcare sector
When is BAX next annual earnings release?: The next annual earnings release for BAX is on February 11, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

7.93%0.50%+6.73%

September 30, 2026

Summary

Current Value: As of today, BAX quarterly operating margin is 7.93%, up +6.73% on September 30, 2026
Historical Performance: BAX quarterly operating margin is up +15.94% year-over-year, down -11.20% over the past 3 years
All-Time High Comparison: BAX quarterly operating margin is currently -67.26% below its historical high of 24.22% set on September 30, 2010
3-Year Low Comparison: BAX quarterly operating margin is +101.78% above its 3-year low of 3.93% reached on December 31, 2025
Sector Comparison: BAX quarterly operating margin is higher than 71.82% of companies in Healthcare sector

Performance

BAX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	7.93%	+6.7%	+15.9%	-11.2%	-55.8%
Annual Operating Margin	Dec 31, 25	6.16%	–	-4.6%	-45.5%	-60.4%
Price	Nov 5, 26	$25.65	-5.0%	+42.7%	-25.6%	-67.1%
PE Ratio	Nov 5, 26	-	–	–	–	–
Quarterly Revenue	Sep 30, 26	$2.98B	+0.5%	+5.0%	+14.5%	-7.8%
Quarterly Operating Profit	Sep 30, 26	$236.00M	+7.3%	+21.6%	+1.7%	-59.2%
Quarterly Gross Margin	Sep 30, 26	33.30%	-0.8%	+0.6%	-14.2%	-20.2%
Quarterly Net Margin	Sep 30, 26	10.01%	+119.5%	+656.1%	+604.9%	-28.6%

Quarterly Operating Margin Highs

BAX Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	7.93%	Sep 30, 26	at high
3Y	11.29%	Dec 31, 23	-29.8%
5Y	17.92%	N/A	-55.8%
All	24.22%	Sep 30, 10	-67.3%

Quarterly Operating Margin Lows

BAX Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	3.93%	Dec 31, 25	+101.8%
3Y	3.93%	Dec 31, 25	+101.8%
5Y	3.93%	Dec 31, 25	+101.8%
All	-252.61%	Dec 31, 86	+103.1%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	7.93%	+6.7%
Jun 2026	7.43%	+76.1%
Mar 2026	4.22%	+7.4%
Dec 2025	3.93%	-42.5%
Sep 2025	6.84%	-1.4%
Jun 2025	6.94%	-0.4%
Mar 2025	6.97%	+10.3%
Dec 2024	6.32%	+1.0%
Sep 2024	6.26%	-15.3%
Jun 2024	7.39%	+36.3%
Mar 2024	5.42%	-52.0%
Dec 2023	11.29%	+26.4%
Sep 2023	8.93%	+15.7%
Jun 2023	7.72%	+4.3%
Mar 2023	7.40%	-54.0%
Dec 2022	16.07%	+55.1%
Sep 2022	10.36%	+13.8%
Jun 2022	9.10%	-19.1%
Mar 2022	11.25%	-34.4%
Dec 2021	17.16%	-4.2%
Sep 2021	17.92%	+19.9%
Jun 2021	14.95%	+0.3%
Mar 2021	14.90%	+0.2%
Dec 2020	14.87%	-12.8%
Sep 2020	17.06%	+26.4%
Jun 2020	13.50%	-19.4%
Mar 2020	16.74%	-8.0%
Dec 2019	18.20%	+4.2%
Sep 2019	17.47%	+8.8%
Jun 2019	16.06%	+5.4%
Mar 2019	15.24%	-3.0%
Dec 2018	15.71%	-14.4%
Sep 2018	18.36%	+12.7%
Jun 2018	16.29%	+3.1%
Mar 2018	15.80%	-1.3%
Dec 2017	16.01%	+17.1%
Sep 2017	13.67%	-6.8%
Jun 2017	14.66%	-4.0%
Mar 2017	15.27%	+58.4%
Dec 2016	9.64%	-37.7%
Sep 2016	15.48%	+53.9%
Jun 2016	10.06%	+21.4%
Mar 2016	8.29%	+31.6%
Dec 2015	6.30%	-33.0%
Sep 2015	9.41%	+135.3%
Jun 2015	4.00%	+23.1%
Mar 2015	3.25%	-63.7%
Dec 2014	8.96%	-6.7%
Sep 2014	9.60%	-43.5%
Jun 2014	17.00%	-5.8%
Mar 2014	18.04%	-4.0%
Dec 2013	18.79%	+0.6%
Sep 2013	18.68%	-19.7%
Jun 2013	23.27%	+9.9%
Mar 2013	21.17%	+9.5%
Dec 2012	19.34%	-13.0%
Sep 2012	22.23%	+2.1%
Jun 2012	21.78%	+6.3%
Mar 2012	20.48%	-10.9%
Dec 2011	22.98%	-5.0%
Sep 2011	24.20%	+1.8%
Jun 2011	23.78%	+4.0%
Mar 2011	22.86%	+52.6%
Dec 2010	14.98%	-38.2%
Sep 2010	24.22%	+10.4%
Jun 2010	21.94%	-5.2%
Mar 2010	23.15%	-1.7%
Dec 2009	23.54%	+1.8%
Sep 2009	23.12%	-0.5%
Jun 2009	23.23%	+2.6%
Mar 2009	22.64%	0.0%
Dec 2008	22.64%	+14.7%
Sep 2008	19.74%	-10.3%
Jun 2008	22.01%	+15.1%
Mar 2008	19.12%	-7.9%
Dec 2007	20.77%	-4.9%
Sep 2007	21.85%	+2.2%
Jun 2007	21.39%	+9.2%

Month	Value	Change
Mar 2007	19.59%	+3.7%
Dec 2006	18.89%	-4.2%
Sep 2006	19.71%	+21.4%
Jun 2006	16.23%	-1.0%
Mar 2006	16.40%	+17.4%
Dec 2005	13.97%	-19.1%
Sep 2005	17.26%	+0.4%
Jun 2005	17.19%	+16.1%
Mar 2005	14.81%	-21.7%
Dec 2004	18.92%	+16.4%
Sep 2004	16.25%	+194.9%
Jun 2004	5.51%	-58.6%
Mar 2004	13.31%	-34.8%
Dec 2003	20.42%	+14.1%
Sep 2003	17.89%	+4.6%
Jun 2003	17.11%	+3.3%
Mar 2003	16.57%	-26.7%
Dec 2002	22.60%	+8.2%
Sep 2002	20.88%	+3.5%
Jun 2002	20.18%	+6.0%
Mar 2002	19.03%	-0.6%
Dec 2001	19.15%	-5.8%
Sep 2001	20.32%	+8.5%
Jun 2001	18.72%	+5.1%
Mar 2001	17.81%	-7.8%
Dec 2000	19.31%	-0.7%
Sep 2000	19.44%	+5.5%
Jun 2000	18.42%	+2.7%
Mar 2000	17.94%	-3.2%
Dec 1999	18.54%	-1.1%
Sep 1999	18.75%	+3.4%
Jun 1999	18.14%	+11.6%
Mar 1999	16.26%	-5.5%
Dec 1998	17.21%	+10.4%
Sep 1998	15.59%	-11.2%
Jun 1998	17.56%	+0.3%
Mar 1998	17.51%	-13.3%
Dec 1997	20.19%	+27.8%
Sep 1997	15.80%	-5.0%
Jun 1997	16.63%	+0.8%
Mar 1997	16.49%	-3.0%
Dec 1996	17.00%	-1.4%
Sep 1996	17.25%	+5.2%
Jun 1996	16.40%	+0.5%
Mar 1996	16.32%	+1,180.8%
Dec 1995	-1.51%	-114.7%
Sep 1995	10.26%	-8.7%
Jun 1995	11.24%	+3.4%
Mar 1995	10.87%	-7.9%
Dec 1994	11.80%	+9.7%
Sep 1994	10.76%	-1.1%
Jun 1994	10.88%	+5.1%
Mar 1994	10.35%	+159.2%
Dec 1993	-17.49%	-265.2%
Sep 1993	10.59%	+15.0%
Jun 1993	9.21%	-13.8%
Mar 1993	10.68%	-16.0%
Dec 1992	12.72%	-2.5%
Sep 1992	13.04%	+5.5%
Jun 1992	12.36%	+14.9%
Mar 1992	10.76%	-18.1%
Dec 1991	13.14%	+2.3%
Sep 1991	12.84%	+5.7%
Jun 1991	12.15%	+15.6%
Mar 1991	10.51%	-16.6%
Dec 1990	12.60%	+0.2%
Sep 1990	12.57%	+4.5%
Jun 1990	12.03%	+156.2%
Mar 1990	-21.39%	-253.1%
Dec 1989	13.97%	+28.9%
Sep 1989	10.84%	+6.5%
Jun 1989	10.18%	+3.2%
Mar 1989	9.86%	+104.2%
Dec 1988	-235.12%	+0.3%
Dec 1987	-235.82%	+6.6%
Dec 1986	-252.61%	-69.3%
Dec 1985	-149.20%	+38.2%
Dec 1984	-241.36%	-

FAQ

What is the current quarterly operating margin of BAX?: As of today, BAX quarterly operating margin is 7.93%
What is BAX quarterly operating margin most recent change?: BAX quarterly operating margin was up +6.73% on September 30, 2026
What is 1-year change in BAX quarterly operating margin?: BAX quarterly operating margin is up +15.94% year-over-year
How far is BAX quarterly operating margin from its all-time high?: BAX quarterly operating margin is currently -67.26% below its historical high of 24.22% set on September 30, 2010
How does BAX quarterly operating margin rank versus sector peers?: BAX quarterly operating margin is higher than 71.82% of companies in Healthcare sector
When is BAX next earnings release?: The next earnings release for BAX is on February 11, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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