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Baxter International Inc. (BAX) Free Cash Flow by Year

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Baxter International Inc. generated $332.0M in free cash flow in fiscal year 2025. This represents a decrease of 42.1% from the prior fiscal year. The table below carries 15 fiscal years, from 2011 to 2025, and the quarters Baxter International Inc. has filed alongside them.

FY2025 annual
Free Cash Flow $332.0M
YoY -42.1%
5Y CAGR -22.1%
10Y CAGR -9.1%
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD

Annual figures, oldest first. Point at a bar to read its period.

BAX Free Cash Flow by Fiscal Year

Figures are as reported in USD. Each change compares the year with the year before it, and each column links to the filing it was taken from.

MetricFY2510-KFY2410-KFY2310-KFY2210-KFY2110-KFY2010-KFY1910-KFY1810-KFY1710-KFY1610-KFY1510-KFY1410-KFY1310-KFY1210-KFY1110-K
Free Cash Flow$332.0M-42.1%$573.0M-55.7%$1.3B+55.2%$834.0M-45.5%$1.5B+32.1%$1.2B-17.7%$1.4B+3.7%$1.4B+23.7%$1.1B+17.4%$935.0M+8.7%$860.0M-62.4%$2.3B-8.1%$2.5B+28.1%$1.9B+4.7%$1.9B

BAX Free Cash Flow by Quarter

Figures are as reported in USD. Each change compares the quarter with the same quarter a year earlier.

MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-KQ3'2310-K
Free Cash FlowN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A$461.0M+22.0%$191.0M+48.1%

What free cash flow means

Free cash flow is the cash operations produced over the period, less what the company spent on property, plant and equipment, so it answers what was left over rather than what was earned on paper.

More Baxter International Inc. financials

Frequently Asked Questions

What was Baxter International Inc.'s free cash flow in fiscal year 2025?

Baxter International Inc. generated $332.0M in free cash flow in fiscal year 2025.

How fast is Baxter International Inc.'s free cash flow growing?

Baxter International Inc. (BAX) free cash flow fell by 42.1% year over year, from $573.0M to $332.0M in fiscal year 2025.

How has Baxter International Inc.'s free cash flow changed over the years?

Across the 15 fiscal years this page covers, Baxter International Inc. (BAX) free cash flow went from $1.9B in fiscal year 2011 to $332.0M in fiscal year 2025.

Free cash flow is the cash operations produced over the period, less what the company spent on property, plant and equipment, so it answers what was left over rather than what was earned on paper. This page lists what Baxter International Inc. (BAX) reported on that line in every period on record.