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Baxter International Inc (BAX): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the years ended 2012-12-31, 2022-12-31 (for example after a spin-off or a discontinued operation), while the year before each was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$518.00M
Year ended 2025-12-31
$512.00M
Trailing 12 months to 2026-06-30
+4.8%
3-year compound annual growth
$1.08B2007-12-31: $760.00M2008-12-31: $868.00M2009-12-31: $917.00M2010-12-31: $915.00M2011-12-31: $946.00M2012-12-31: $1.08B2013-12-31: $582.00M2014-12-31: $610.00M2015-12-31: $603.00M2016-12-31: $646.00M2017-12-31: $615.00M2018-12-31: $654.00M2019-12-31: $595.00M2020-12-31: $521.00M2021-12-31: $531.00M2022-12-31: $450.00M2023-12-31: $518.00M2024-12-31: $590.00M2025-12-31: $518.00M$518.00M
2007-12-31 R&D Expense (USD) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31$518.00M-12.2%2026-02-12, From 2025-01-01
2024-12-31$590.00M+13.9%2026-02-12, From 2024-01-01
2023-12-31$518.00M+15.1%2026-02-12, From 2023-01-01
2022-12-31$450.00Mn/c2025-02-21, From 2022-01-01
2021-12-31$531.00M+1.9%2024-02-08, From 2021-01-01
2020-12-31$521.00M-12.4%2023-02-09, From 2020-01-01
2019-12-31$595.00M-9.0%2022-02-23, From 2019-01-01
2018-12-31$654.00M+6.3%2021-02-11, From 2018-01-01
2017-12-31$615.00M-4.8%2020-03-17, From 2017-01-01
2016-12-31$646.00M+7.1%2019-02-21, From 2016-01-01
2015-12-31$603.00M-1.1%2018-02-23, From 2015-01-01
2014-12-31$610.00M+4.8%2017-02-23, From 2014-01-01
2013-12-31$582.00M-46.2%2016-02-26, From 2013-01-01
2012-12-31$1.08Bn/c2015-02-26, From 2012-01-01
2011-12-31$946.00M+3.4%2014-02-21, From 2011-01-01
2010-12-31$915.00M-0.2%2013-02-21, From 2010-01-01
2009-12-31$917.00M+5.6%2012-02-23, From 2009-01-01
2008-12-31$868.00M+14.2%2011-02-23, From 2008-01-01
2007-12-31$760.00Mn/a2010-02-23, From 2007-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Surgical & Medical Instruments & Apparatus), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Baxter International Inc (BAX)2025-12-31$518.00M-12.2%
Solventum Corp (SOLV)2025-12-31$739.00M-4.6%
Boston Scientific Corp (BSX)2025-12-31$2.05B+27.1%
Becton Dickinson & Co (BDX)2025-09-30$1.26B+6.3%
ResMed Inc (RMD)2026-06-30$378.29M+14.2%
3M Co (MMM)2024-12-31$700.00M0.0%
Stryker Corp (SYK)2025-12-31$1.62B+10.7%
Dexcom Inc (DXCM)2025-12-31$599.10M+8.5%
Medline Inc. (MDLN)2025-12-31$80.00M+19.4%

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