Novartis AG (NVS)
NYSE: NVS · Real-Time Price · USD
151.36
-2.01 (-1.31%)
Jul 14, 2026, 11:07 AM EDT - Market open
Novartis AG Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
| 13,524 | 13,860 | 14,358 | 14,836 | 13,620 | 13,558 | 13,172 | 12,872 | 12,120 | 11,776 | 12,092 | 11,745 | 11,047 | 10,966 | 10,783 | 13,085 | 12,814 | 13,522 | 13,367 | 13,294 | |
Revenue Growth (YoY) | -0.70% | 2.23% | 9.00% | 15.26% | 12.38% | 15.13% | 8.93% | 9.60% | 9.71% | 7.39% | 12.14% | -10.24% | -13.79% | -18.90% | -19.33% | -1.57% | 0.95% | 3.78% | 6.61% | 14.39% |
Cost of Revenue | 3,459 | 3,611 | 3,539 | 3,322 | 3,227 | 3,324 | 3,234 | 3,173 | 3,096 | 3,022 | 3,117 | 3,342 | 2,991 | 3,041 | 2,874 | 3,751 | 3,856 | 3,976 | 3,938 | 3,914 |
Gross Profit | 10,065 | 10,249 | 10,819 | 11,514 | 10,393 | 10,234 | 9,938 | 9,699 | 9,024 | 8,754 | 8,975 | 8,403 | 8,056 | 7,925 | 7,909 | 9,334 | 8,958 | 9,546 | 9,429 | 9,380 |
Selling, General & Admin | 3,140 | 3,440 | 3,308 | 3,442 | 3,058 | 3,501 | 3,134 | 3,091 | 2,840 | 3,444 | 3,091 | 3,091 | 2,891 | 3,183 | 2,936 | 3,581 | 3,512 | 3,985 | 3,618 | 3,754 |
Research & Development | 2,740 | 3,163 | 2,944 | 2,727 | 2,366 | 2,842 | 2,392 | 2,367 | 2,421 | 2,567 | 3,925 | 2,304 | 2,575 | 2,216 | 2,542 | 2,498 | 2,320 | 2,409 | 2,380 | 2,400 |
Other Operating Expenses | -50 | 30 | 66 | 481 | 306 | 361 | 785 | 227 | 390 | 161 | 197 | 201 | -28 | 771 | 605 | 1,027 | 274 | 590 | 198 | -253 |
Total Operating Expenses | 5,830 | 6,633 | 6,318 | 6,650 | 5,730 | 6,704 | 6,311 | 5,685 | 5,651 | 6,172 | 7,213 | 5,596 | 5,438 | 6,170 | 6,083 | 7,106 | 6,106 | 6,984 | 6,196 | 5,901 |
Operating Income | 4,235 | 3,616 | 4,501 | 4,864 | 4,663 | 3,530 | 3,627 | 4,014 | 3,373 | 2,582 | 1,762 | 2,807 | 2,618 | 1,755 | 1,826 | 2,228 | 2,852 | 2,562 | 3,233 | 3,479 |
Interest Income | -3 | -2 | -4 | -3 | -3 | -3 | -4 | -2 | -29 | -6 | -3 | -2 | -2 | -3 | -5 | - | -2 | 14,621 | 223 | 239 |
Interest Expense | -343 | -304 | -281 | -289 | -270 | -275 | -264 | -246 | -221 | -217 | -222 | -216 | -200 | -207 | -206 | -202 | -201 | -206 | -202 | -201 |
Other Non-Operating Income (Expense) | -50 | -92 | -20 | -41 | 17 | 33 | 26 | 75 | 6 | 18 | 15 | 85 | 104 | 24 | -28 | 16 | 20 | -26 | -24 | -11 |
Total Non-Operating Income (Expense) | -396 | -398 | -305 | -333 | -256 | -245 | -242 | -173 | -244 | -205 | -210 | -133 | -98 | -186 | -239 | -186 | -183 | 14,389 | -3 | 27 |
Pretax Income | 3,839 | 3,218 | 4,196 | 4,531 | 4,407 | 3,285 | 3,385 | 3,841 | 3,129 | 2,377 | 1,552 | 2,674 | 2,520 | 1,569 | 1,587 | 2,042 | 2,669 | 16,951 | 3,230 | 3,506 |
Provision for Income Taxes | 683 | 814 | 266 | 507 | 798 | 465 | 200 | 595 | 441 | -261 | 39 | 403 | 370 | 254 | 257 | 347 | 450 | 645 | 472 | 611 |
Net Income | 3,156 | 2,404 | 3,930 | 4,024 | 3,609 | 2,820 | 3,185 | 3,246 | 2,688 | 2,638 | 1,513 | 2,271 | 2,150 | 1,315 | 1,330 | 1,695 | 2,219 | 16,306 | 2,758 | 2,895 |
Minority Interest in Earnings | 0 | -5 | 2 | -17 | 3 | 2 | -4 | 0 | 0 | 0 | 2 | 1 | 1 | 0 | 2 | 1 | -3 | -2 | 0 | -1 |
Earnings From Discontinued Operations | - | - | - | - | - | - | - | - | - | 5,842 | 250 | 46 | 144 | 151 | 245 | - | - | - | - | - |
Net Income to Common | 3,156 | 2,409 | 3,928 | 4,041 | 3,606 | 2,818 | 3,189 | 3,246 | 2,688 | 8,480 | 1,761 | 2,316 | 2,293 | 1,466 | 1,573 | 1,694 | 2,222 | 16,308 | 2,758 | 2,896 |
Net Income Growth | -12.48% | -14.51% | 23.17% | 24.49% | 34.15% | -66.77% | 81.09% | 40.16% | 17.23% | 478.44% | 11.95% | 36.72% | 3.19% | -91.01% | -42.97% | -41.51% | 7.92% | 678.80% | 42.53% | 55.12% |
Shares Outstanding (Basic) | 1,909 | 1,913 | 1,926 | 1,948 | 1,968 | 1,987 | 2,012 | 2,033 | 2,044 | 2,050 | 2,062 | 2,083 | 2,110 | 2,135 | 2,167 | 2,198 | 2,225 | 2,237 | 2,237 | 2,243 |
Shares Outstanding (Diluted) | 1,916 | 1,929 | 1,940 | 1,960 | 1,979 | 2,004 | 2,027 | 2,046 | 2,056 | 2,065 | 2,075 | 2,095 | 2,120 | 2,150 | 2,180 | 2,211 | 2,237 | 2,253 | 2,254 | 2,258 |
Shares Change (YoY) | -3.18% | -3.74% | -4.29% | -4.20% | -3.74% | -2.95% | -2.31% | -2.34% | -3.02% | -3.95% | -4.82% | -5.25% | -5.23% | -4.57% | -3.28% | -2.08% | -1.24% | -1.27% | -2.08% | -2.00% |
EPS (Basic) | 1.65 | 1.26 | 2.04 | 2.07 | 1.83 | 1.42 | 1.58 | 1.60 | 1.31 | 4.14 | 0.85 | 1.11 | 1.09 | 0.69 | 0.73 | 0.77 | 1.00 | 7.29 | 1.23 | 1.29 |
EPS (Diluted) | 1.65 | 1.25 | 2.02 | 2.06 | 1.82 | 1.41 | 1.57 | 1.59 | 1.31 | 4.11 | 0.85 | 1.11 | 1.08 | 0.68 | 0.72 | 0.77 | 0.99 | 7.24 | 1.22 | 1.28 |
EPS Growth | -9.34% | -11.35% | 28.66% | 29.56% | 38.93% | -65.69% | 84.71% | 43.24% | 21.30% | 504.41% | 18.06% | 44.16% | 9.09% | -90.61% | -40.98% | -39.84% | 8.79% | 686.96% | 45.24% | 58.03% |
Free Cash Flow | 3,330 | 1,655 | 6,217 | 6,333 | 3,391 | 3,635 | 5,965 | 4,615 | 2,038 | 2,141 | 5,117 | 3,351 | 2,720 | 3,805 | 4,500 | 3,498 | 1,392 | 3,424 | 4,574 | 3,811 |
Free Cash Flow Growth | -1.80% | -54.47% | 4.23% | 37.23% | 66.39% | 69.78% | 16.57% | 37.72% | -25.07% | -43.73% | 13.71% | -4.20% | 95.40% | 11.13% | -1.62% | -8.21% | -26.11% | -1.72% | 58.98% | 2.36% |
Free Cash Flow Per Share | 1.74 | 0.86 | 3.20 | 3.23 | 1.71 | 1.81 | 2.94 | 2.26 | 0.99 | 1.04 | 2.47 | 1.60 | 1.28 | 1.77 | 2.06 | 1.58 | 0.62 | 1.52 | 2.03 | 1.69 |
Dividends Per Share | - | 4.666 | - | - | - | 3.862 | - | - | - | 3.919 | - | - | - | 3.461 | - | - | - | 3.401 | - | - |
Dividend Growth | - | 20.81% | - | - | - | -1.44% | - | - | - | 13.24% | - | - | - | 1.77% | - | - | - | 0.29% | - | - |
Gross Margin | 74.42% | 73.95% | 75.35% | 77.61% | 76.31% | 75.48% | 75.45% | 75.35% | 74.46% | 74.34% | 74.22% | 71.55% | 72.92% | 72.27% | 73.35% | 71.33% | 69.91% | 70.60% | 70.54% | 70.56% |
Operating Margin | 31.31% | 26.09% | 31.35% | 32.79% | 34.24% | 26.04% | 27.54% | 31.18% | 27.83% | 21.93% | 14.57% | 23.90% | 23.70% | 16.00% | 16.93% | 17.03% | 22.26% | 18.95% | 24.19% | 26.17% |
Profit Margin | 23.34% | 17.34% | 27.37% | 27.12% | 26.50% | 20.80% | 24.18% | 25.22% | 22.18% | 22.40% | 12.51% | 19.34% | 19.46% | 11.99% | 12.33% | 12.95% | 17.32% | 120.59% | 20.63% | 21.78% |
FCF Margin | 24.62% | 11.94% | 43.30% | 42.69% | 24.90% | 26.81% | 45.29% | 35.85% | 16.82% | 18.18% | 42.32% | 28.53% | 24.62% | 34.70% | 41.73% | 26.73% | 10.86% | 25.32% | 34.22% | 28.67% |
EBITDA | 5,443 | 5,152 | 5,793 | 6,116 | 5,858 | 5,190 | 5,599 | 5,154 | 3,373 | 4,207 | 1,762 | 4,544 | 4,661 | 1,755 | 3,831 | 2,228 | 4,359 | 4,093 | 4,678 | 3,479 |
EBITDA Margin | 40.25% | 37.17% | 40.35% | 41.22% | 43.01% | 38.28% | 42.51% | 40.04% | 27.83% | 35.73% | 14.57% | 38.69% | 42.19% | 16.00% | 35.53% | 17.03% | 34.02% | 30.27% | 35.00% | 26.17% |
EBIT | 4,235 | 3,616 | 4,501 | 4,864 | 4,663 | 3,530 | 3,627 | 4,014 | 3,373 | 2,582 | 1,762 | 2,807 | 2,618 | 1,755 | 1,826 | 2,228 | 2,852 | 2,562 | 3,233 | 3,479 |
EBIT Margin | 31.31% | 26.09% | 31.35% | 32.79% | 34.24% | 26.04% | 27.54% | 31.18% | 27.83% | 21.93% | 14.57% | 23.90% | 23.70% | 16.00% | 16.93% | 17.03% | 22.26% | 18.95% | 24.19% | 26.17% |
Effective Tax Rate | 17.79% | 25.30% | 6.34% | 11.19% | 18.11% | 14.16% | 5.91% | 15.49% | 14.09% | -10.98% | 2.51% | 15.07% | 14.68% | 16.19% | 16.19% | 16.99% | 16.86% | 3.81% | 14.61% | 17.43% |