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Baxter International
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Updated Aug 19, 2026
Baxter appoints Smith+Nephew CFO John Rogers; reiterates FY2026 guidance.
Baxter named John Rogers, former Smith+Nephew CFO, as executive vice president and chief financial officer effective October 1, 2026, bringing transformation and operational expertise to support the company's turnaround and balance sheet strengthening efforts. Rogers replaces departing interim CFO Anita Zielinski and will report to CEO Andrew Hider. The company reiterated its full-year 2026 financial outlook without change.
Tone: neutralRevenue
$11.2B
BAX 10-K · FY 2025
Employees
37,500
Revenue growth YoY
+6%
Founded
1931
Profile
BAX 10-K Item 1 · Feb 12, 2026Baxter International is a global medical technology company that develops, manufactures and sells a broad portfolio of essential healthcare products including IV solutions, infusion systems, parenteral nutrition therapies, inhaled anesthetics, generic injectable pharmaceuticals, surgical hemostat and sealant products, smart bed systems, and patient monitoring technologies. Products are sold to hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, physicians and home patients in over 100 countries. Following the January 2025 divestiture of its Kidney Care business, Baxter operates three reportable segments: Medical Products & Therapies, Healthcare Systems & Technologies, and Pharmaceuticals.
Read filing description ↓ Collapse description ↑
Baxter International Inc., through our subsidiaries, provides a broad portfolio of essential healthcare products, including sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; surgical hemostat and sealant products; advanced surgical equipment; smart bed systems; patient monitoring and diagnostic technologies; and respiratory health devices. These products are used by hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, doctors' offices, kidney dialysis centers and patients at home under physician supervision. Our global footprint and the critical nature of our products and services play a key role in expanding access to healthcare in emerging and developed countries. As of December 31, 2025, after giving effect to the sale of our Kidney Care business, we manufactured products in over 20 countries and sold them in over 100 countries. Our business is currently comprised of three reportable segments: Medical Products & Therapies, Healthcare Systems & Technologies, and Pharmaceuticals. Our innovation strategy is focused on accelerating our sales growth through the introduction of new customer centric connected care and core therapy offerings. Connected care offerings include devices or software that can digitally connect, communicate and/or analyze data to help transform healthcare and improve patient outcomes. Our strategy also involves active portfolio management in the interest of maximizing value for Baxter stockholders and best positioning Baxter for long-term success, consistent with our profitability objectives.
Primary products
- sterile intravenous (IV) solutions
- infusion systems and devices
- parenteral nutrition therapies
- inhaled anesthetics
- generic injectable pharmaceuticals
- surgical hemostat and sealant products
Business segments
End markets
Geographies
Named customers
Segments of our business are significantly dependent on major contracts with GPOs, IDNs, and certain other distributors and purchasers.
“Our businesses benefit from a number of competitive advantages, including the breadth and depth of our product offerings and our strong relationships with customers, including hospitals and clinics, GPOs, IDNs, physicians and patients, many of whom self-administer home-based therapies that we supply.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Global net sales totaled $11.24 billion in 2025, an increase of 6% over 2024 on a reported basis and 3% on an operational sales basis.
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