BAXTER INTERNATIONAL INC. (BAX) FY2026 Q2 P&L / Income Statement

BAXTER INTERNATIONAL INC. (BAX) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

2,960,000,000 US dollars

Cost of sales

1,928,000,000 US dollars

Gross margin

1,032,000,000 US dollars

Operating costs, net of other operating income (calculated)

815,000,000 US dollars

Operating income

217,000,000 US dollars

Other income (expense), net (calculated)

negative 59,000,000 US dollars

Income (loss) from continuing operations before income taxes

158,000,000 US dollars

Income tax expense (benefit)

23,000,000 US dollars

Net income (loss)

126,000,000 US dollars

Medical Products & Therapies

2,076,000,000 US dollars

Healthcare Systems & Technologies

801,000,000 US dollars

Selling, general and administrative expenses

735,000,000 US dollars

Research and development expenses

129,000,000 US dollars

Other operating income, net

negative 49,000,000 US dollars

Revenue before reconciliation (calculated)

2,877,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Other

83,000,000 US dollars. Reported reconciliation to consolidated revenue.

Income (loss) from discontinued operations, net of tax

negative 9,000,000 US dollars. Reported below-tax contribution to net income.

Medical Products & Therapies costs (calculated)

1,676,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Healthcare Systems & Technologies costs (calculated)

638,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

429,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.