Quick Answer
BAXTER INTERNATIONAL INC reported R&D Expense of $518.00 million for fiscal year 2025.
BAXTER INTERNATIONAL INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $518.00M | -12.2% |
| 2024 | $590.00M | +13.9% |
| 2023 | $518.00M | +15.1% |
| 2022 | $450.00M | -15.3% |
| 2021 | $531.00M | +1.9% |
| 2020 | $521.00M | -12.4% |
| 2019 | $595.00M | -9.0% |
| 2018 | $654.00M | +6.3% |
| 2017 | $615.00M | -4.8% |
| 2016 | $646.00M | +7.1% |
| 2015 | $603.00M | -1.1% |
| 2014 | $610.00M | +4.8% |
| 2013 | $582.00M | -46.2% |
| 2012 | $1.08B | +14.3% |
| 2011 | $946.00M | +3.4% |
| 2010 | $915.00M | -0.2% |
| 2009 | $917.00M | +5.6% |
| 2008 | $868.00M | +14.2% |
| 2007 | $760.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $118.00M | -8.5% | -11.9% |
| June 30, 2025 | $134.00M | +3.1% | -4.3% |
| March 31, 2025 | $140.00M | +16.7% | +8.5% |
| September 30, 2024 | $129.00M | -3.0% | -0.8% |
| June 30, 2024 | $130.00M | -21.2% | +8.3% |
| March 31, 2024 | $120.00M | -26.8% | -9.8% |
| September 30, 2023 | $133.00M | -11.9% | -19.4% |
| June 30, 2023 | $165.00M | +11.5% | +0.6% |
- BAXTER INTERNATIONAL INC showed a decrease of -12.2% in R&D Expense compared to the prior fiscal year.
- Over the 2007–2025 period, BAXTER INTERNATIONAL INC’s r&d expense has declined by 31.8% (from $760.00 million to $518.00 million).
- The most recent figure is from BAXTER INTERNATIONAL INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 12, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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