AbbVie Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	61,160	56,334	54,318	58,054	56,197
Revenue Growth (YoY)	8.57%	3.71%	-6.44%	3.30%	22.69%
Cost of Revenue	17,357	16,689	16,826	16,527	17,314
Gross Profit	43,803	39,645	37,492	41,527	38,883
Selling, General & Admin	13,644	14,099	12,419	14,584	11,872
Research & Development	9,068	8,131	7,038	6,487	6,820
Other Operating Expenses	-24	-7	-179	228	432
Operating Expenses	22,688	22,223	19,278	21,299	19,124
Operating Income	21,115	17,422	18,214	20,228	19,759
Interest Expense	-2,893	-2,808	-2,224	-2,230	-2,423
Interest & Investment Income	266	648	540	186	39
Currency Exchange Gain (Loss)	-58	-21	-146	-148	-51
Other Non Operating Income (Expenses)	403	271	190	142	55
EBT Excluding Unusual Items	18,833	15,512	16,574	18,178	17,379
Merger & Restructuring Charges	-95	-792	-288	-539	-587
Gain (Loss) on Sale of Assets	-	-	-	172	-
Asset Writedown	-847	-4,476	-4,130	-876	-
Other Unusual Items	-6,278	-3,771	-5,128	-2,761	-2,679
Pretax Income	6,597	3,716	6,250	13,477	12,989
Income Tax Expense	2,364	-570	1,377	1,632	1,440
Earnings From Continuing Operations	4,233	4,286	4,873	11,845	11,549
Minority Interest in Earnings	-7	-8	-10	-9	-7
Net Income	4,226	4,278	4,863	11,836	11,542
Preferred Dividends & Other Adjustments	40	40	43	54	74
Net Income to Common	4,186	4,238	4,820	11,782	11,468
Net Income Growth	-1.22%	-12.03%	-58.91%	2.55%	150.04%
Shares Outstanding (Basic)	1,769	1,769	1,768	1,771	1,770
Shares Outstanding (Diluted)	1,773	1,773	1,773	1,778	1,777
Shares Change (YoY)	-	-	-0.28%	0.06%	6.22%
EPS (Basic)	2.37	2.40	2.73	6.65	6.48
EPS (Diluted)	2.36	2.39	2.72	6.63	6.45
EPS Growth	-1.26%	-12.13%	-58.97%	2.79%	137.13%
Free Cash Flow	17,816	17,832	22,062	24,248	21,990
Free Cash Flow Per Share	10.05	10.06	12.44	13.64	12.38
Dividend Per Share	6.650	6.290	5.990	5.710	5.310
Dividend Growth	5.72%	5.01%	4.90%	7.53%	9.71%
Gross Margin	71.62%	70.38%	69.02%	71.53%	69.19%
Operating Margin	34.52%	30.93%	33.53%	34.84%	35.16%
Profit Margin	6.84%	7.52%	8.87%	20.29%	20.41%
Free Cash Flow Margin	29.13%	31.65%	40.62%	41.77%	39.13%
EBITDA	29,254	25,808	26,912	28,695	28,280
EBITDA Margin	47.83%	45.81%	49.55%	49.43%	50.32%
D&A For EBITDA	8,139	8,386	8,698	8,467	8,521
EBIT	21,115	17,422	18,214	20,228	19,759
EBIT Margin	34.52%	30.93%	33.53%	34.84%	35.16%
Effective Tax Rate	35.83%	-	22.03%	12.11%	11.09%
Advertising Expenses	2,100	2,100	2,200	2,000	2,100

Source: S&P Global Market Intelligence. Standard template. Financial Sources.