Buyback Radar
Company reports

Baxter International

BAX

Baxter International has retired 20.4% of its shares since 2006, from 649,813,287 to 516,995,999.

20.4%retired since 2006
-3.3%last 5 years
-0.6%last 12 months
517Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
650M shares, 2006517M200020052010201520202025
1999, 581,059,1862026-07-23, 516,995,999
A share bought in 1999
1.1× more of Baxter International today, without buying another share. It was one of 581,059,186 shares then. It is one of 516,995,999 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-02-29581,059,18610-K405cover page
20002001-02-28590,526,42810-Kcover page
20012002-02-28599,868,64510-Kcover page
20022003-02-28596,996,86410-Kcover page
20032004-03-01612,327,56510-Kcover page
20042005-03-04619,703,97210-Kcover page
20052006-01-31648,483,99610-Kcover page
20062007-01-31649,813,28710-Kcover page
20072008-01-31634,425,14010-Kcover page
20082009-01-31613,849,29510-Kcover page
20092010-01-31602,667,57210-K
20102011-01-31579,426,01610-K
20112012-01-31560,346,20310-K
20122013-01-31545,928,64810-K
20132014-01-31543,187,69510-K
20142015-01-31542,581,46610-K
20152016-01-31547,871,84910-K
20162017-01-31540,082,23010-K
20172018-01-31540,138,81510-K
20182019-01-31512,538,20210-K
20192020-02-29507,263,73110-K
20202021-01-29505,103,89410-K
20212022-01-31502,293,62410-K
20222023-01-31504,672,16610-K
20232024-01-31507,827,43710-K
20242025-02-13511,624,99610-K
20252026-02-05514,490,04510-K

Source: all 10-K filings of Baxter International on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Baxter International buybacks, answered

Is Baxter International buying back its stock?

Not on a net basis. Baxter International has 0.6% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is up 3.3%.

How many shares has Baxter International bought back?

Net of every new share it issued, Baxter International has 132.8 million fewer shares than at its 2006 peak. That is 20.4% of the company.

How many shares does Baxter International have outstanding?

516,995,999 shares, as of July 23, 2026, from the cover page of its latest 10-Q. At the 2006 peak it had 649,813,287.

What do Baxter International's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Baxter International stock in 2006 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Baxter International compare with other cannibal stocks?

Baxter International ranks No. 216 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Johnson & Johnson (20.9%), Morgan Stanley (20.6%), Merck & (20.0%), Old Dominion Freight Line (19.8%).

Every answer is computed from Baxter International's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Richard PzenaPzena Investment Management65,295,393 shares, $1.4B, Q2 2026
Tweedy BrowneTweedy, Browne9,479 shares, $202K, Q2 2026
Steven RomickFirst Pacific Advisors7,618,145 shares, $162.4M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Baxter International in depth on Cannibal Stocks.

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