AbbVie Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	58,328	56,334	54,318	58,054	56,197	45,804	Upgrade
Revenue Growth (YoY)	6.05%	3.71%	-6.44%	3.30%	22.69%	37.69%	Upgrade
Cost of Revenue	16,741	16,689	16,726	16,527	17,314	15,257	Upgrade
Gross Profit	41,587	39,645	37,592	41,527	38,883	30,547	Upgrade
Selling, General & Admin	13,043	13,189	12,904	14,584	11,872	9,867	Upgrade
Research & Development	8,442	8,131	7,038	6,487	6,820	6,003	Upgrade
Other Operating Expenses	-31	-7	-10	228	432	-	Upgrade
Operating Expenses	21,454	21,313	19,932	21,299	19,124	15,870	Upgrade
Operating Income	20,133	18,332	17,660	20,228	19,759	14,677	Upgrade
Interest Expense	-3,154	-2,808	-2,224	-2,230	-2,423	-2,454	Upgrade
Interest & Investment Income	648	648	540	186	39	174	Upgrade
Currency Exchange Gain (Loss)	-43	-21	-146	-148	-51	-71	Upgrade
Other Non Operating Income (Expenses)	-1,878	271	190	142	55	113	Upgrade
EBT Excluding Unusual Items	15,706	16,422	16,020	18,178	17,379	12,439	Upgrade
Merger & Restructuring Charges	-792	-792	-119	-539	-587	-1,912	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	172	-	-	Upgrade
Asset Writedown	-4,476	-4,476	-4,230	-876	-	-	Upgrade
Legal Settlements	-910	-910	485	-	-	-	Upgrade
Other Unusual Items	-3,771	-3,771	-5,128	-2,761	-2,679	-5,753	Upgrade
Pretax Income	3,030	3,716	6,250	13,477	12,989	3,398	Upgrade
Income Tax Expense	-741	-570	1,377	1,632	1,440	-1,224	Upgrade
Earnings From Continuing Operations	3,771	4,286	4,873	11,845	11,549	4,622	Upgrade
Minority Interest in Earnings	-8	-8	-10	-9	-7	-6	Upgrade
Net Income	3,763	4,278	4,863	11,836	11,542	4,616	Upgrade
Preferred Dividends & Other Adjustments	40	40	43	54	74	60	Upgrade
Net Income to Common	3,723	4,238	4,820	11,782	11,468	4,556	Upgrade
Net Income Growth	-29.52%	-12.03%	-58.91%	2.55%	150.04%	-41.44%	Upgrade
Shares Outstanding (Basic)	1,769	1,769	1,768	1,771	1,770	1,667	Upgrade
Shares Outstanding (Diluted)	1,773	1,773	1,773	1,778	1,777	1,673	Upgrade
Shares Change (YoY)	0.03%	-	-0.28%	0.06%	6.22%	12.74%	Upgrade
EPS (Basic)	2.10	2.40	2.73	6.65	6.48	2.73	Upgrade
EPS (Diluted)	2.10	2.39	2.72	6.63	6.45	2.72	Upgrade
EPS Growth	-29.90%	-12.13%	-58.97%	2.79%	137.13%	-48.48%	Upgrade
Free Cash Flow	-	17,832	22,062	24,248	21,990	16,790	Upgrade
Free Cash Flow Per Share	-	10.06	12.44	13.64	12.38	10.04	Upgrade
Dividend Per Share	3.190	6.290	5.990	5.710	5.310	4.840	Upgrade
Dividend Growth	-47.96%	5.01%	4.90%	7.53%	9.71%	10.25%	Upgrade
Gross Margin	71.30%	70.38%	69.21%	71.53%	69.19%	66.69%	Upgrade
Operating Margin	34.52%	32.54%	32.51%	34.84%	35.16%	32.04%	Upgrade
Profit Margin	6.38%	7.52%	8.87%	20.29%	20.41%	9.95%	Upgrade
Free Cash Flow Margin	-	31.65%	40.62%	41.77%	39.13%	36.66%	Upgrade
EBITDA	28,392	26,718	26,358	28,695	28,280	21,148	Upgrade
EBITDA Margin	48.68%	47.43%	48.52%	49.43%	50.32%	46.17%	Upgrade
D&A For EBITDA	8,259	8,386	8,698	8,467	8,521	6,471	Upgrade
EBIT	20,133	18,332	17,660	20,228	19,759	14,677	Upgrade
EBIT Margin	34.52%	32.54%	32.51%	34.84%	35.16%	32.04%	Upgrade
Effective Tax Rate	-	-	22.03%	12.11%	11.09%	-	Upgrade
Advertising Expenses	-	2,100	2,200	2,000	2,100	1,800	Upgrade

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.