Novo Nordisk A/S (NVO) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Novo Nordisk A/S (NVO) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

NVO Income Statement

Novo Nordisk A/S (NVO) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	78.49B	96.82B	79.14B	74.98B	76.86B	78.09B	85.68B	71.31B	68.06B	65.35B	65.86B	58.73B	54.3B	53.37B	48.09B	45.57B	41.27B	42.03B	38.33B	35.62B
Revenue Growth %	2.12%	23.99%	-7.63%	5.14%	12.93%	19.49%	30.09%	21.42%	25.34%	22.45%	36.95%	28.89%	31.59%	26.97%	25.46%	27.92%	24.89%	24.34%	19.28%	15.18%
Cost of Goods Sold	17.1B	13.6B	15.15B	17.9B	12.85B	12.89B	13.02B	11.31B	10.27B	9.92B	10.01B	9.71B	7.86B	8.18B	8.26B	7.2B	6.07B	6.92B	6.24B	6.06B
COGS % of Revenue	21.79%	14.04%	19.14%	23.88%	16.71%	16.51%	15.2%	15.86%	15.1%	15.17%	15.2%	16.54%	14.47%	15.33%	17.18%	15.8%	14.71%	16.46%	16.28%	17.01%
Gross Profit	61.39B	83.22B	64B	57.07B	64.01B	65.2B	72.66B	60B	57.79B	55.43B	55.85B	49.02B	46.44B	45.19B	39.83B	38.37B	35.2B	35.11B	32.09B	29.56B
Gross Margin %	78.21%	85.96%	80.86%	76.12%	83.29%	83.49%	84.8%	84.14%	84.9%	84.83%	84.8%	83.46%	85.53%	84.67%	82.82%	84.2%	85.29%	83.54%	83.72%	82.99%
Gross Profit Growth %	-4.1%	27.65%	-11.92%	-4.88%	10.77%	17.61%	30.1%	22.41%	24.42%	22.68%	40.22%	27.76%	31.96%	28.68%	24.11%	29.78%	28.01%	25.44%	21.02%	14.71%
Operating Expenses	34.33B	23.61B	32.26B	33.39B	30.56B	26.41B	35.92B	26.18B	31.85B	23.59B	29.08B	22.11B	22.56B	20.18B	22.74B	18.18B	16.8B	15.97B	18.46B	14.31B
OpEx % of Revenue	43.74%	24.38%	40.76%	44.53%	39.76%	33.82%	41.92%	36.71%	46.8%	36.09%	44.16%	37.64%	41.54%	37.81%	47.29%	39.9%	40.72%	37.99%	48.15%	40.18%
Selling, General & Admin	16.31B	13.22B	17.44B	17.88B	18.85B	16.11B	20.28B	16.59B	16.09B	14.41B	18.63B	14.07B	15.41B	13.48B	15.09B	12.61B	11.83B	11.15B	12.82B	10.14B
SG&A % of Revenue	20.78%	13.65%	22.03%	23.85%	24.52%	20.63%	23.67%	23.27%	23.64%	22.06%	28.28%	23.97%	28.39%	25.26%	31.38%	27.67%	28.67%	26.54%	33.45%	28.47%
Research & Development	17.79B	10.28B	14.65B	15.39B	11.69B	10.31B	13.8B	9.49B	16.17B	8.61B	10.46B	8.13B	7.13B	6.73B	8.09B	5.63B	5.12B	5.21B	5.63B	4.25B
R&D % of Revenue	22.66%	10.62%	18.51%	20.53%	15.21%	13.2%	16.11%	13.31%	23.75%	13.17%	15.88%	13.84%	13.13%	12.61%	16.81%	12.36%	12.41%	12.39%	14.69%	11.94%
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Operating Income	27.06B	59.62B	31.74B	23.68B	33.45B	38.79B	36.74B	33.82B	25.93B	31.85B	26.77B	26.91B	23.89B	25.01B	17.09B	20.18B	18.39B	19.15B	13.63B	15.25B
Operating Margin %	34.48%	61.57%	40.1%	31.59%	43.52%	49.68%	42.88%	47.43%	38.1%	48.73%	40.64%	45.82%	43.99%	46.86%	35.53%	44.3%	44.57%	45.55%	35.57%	42.81%
Operating Income Growth %	-19.1%	53.69%	-13.61%	-29.98%	28.98%	21.81%	37.25%	25.67%	8.57%	27.35%	56.65%	33.34%	29.89%	30.61%	25.33%	32.36%	24.44%	27.8%	21.97%	19.06%
EBITDA	37.37B	63.15B	37.3B	31.44B	38.28B	42.62B	41.94B	35.97B	34.78B	34.76B	29.76B	29.44B	26.07B	26.73B	18.31B	22.23B	20.03B	20.8B	15.72B	16.6B
EBITDA Margin %	47.61%	65.23%	47.13%	41.93%	49.81%	54.58%	48.94%	50.44%	51.1%	53.19%	45.18%	50.12%	48%	50.08%	38.08%	48.78%	48.53%	49.48%	41%	46.59%
EBITDA Growth %	-2.4%	48.18%	-11.06%	-12.6%	10.07%	22.62%	40.92%	22.2%	33.43%	30.06%	62.5%	32.45%	30.15%	28.51%	16.52%	33.9%	25.2%	27.13%	25.16%	11.11%
D&A (Non-Cash Add-back)	10.3B	3.54B	5.56B	7.76B	4.83B	3.83B	5.2B	2.15B	8.85B	2.91B	2.99B	2.52B	2.18B	1.72B	1.23B	2.04B	1.64B	1.65B	2.08B	1.35B
EBIT	28.38B	65.67B	34.19B	25.52B	38.76B	42.22B	40.65B	35.2B	26.89B	33.99B	25.52B	30.23B	24.54B	25.86B	8.28B	21.76B	20.05B	19.36B	11.73B	16.04B
Net Interest Income	-186M	2.55B	2.45B	1.83B	356M	-1.76B	-1.18B	562M	-602M	72M	-916M	1.15B	366M	-270M	-730.5M	-2.15B	-1.6B	-1.23B	-525.23M	-137M
Interest Income	1.31B	6.05B	2.45B	1.83B	5.31B	3.42B	3.91B	1.38B	960M	2.15B	0	3.32B	647M	852M	0	1.57B	1.66B	210M	256.06M	790M
Interest Expense	1.5B	3.5B	0	0	4.96B	5.18B	5.09B	821M	1.56B	2.07B	916M	2.17B	281M	1.12B	730.5M	3.73B	3.25B	1.44B	781.3M	927M
Other Income/Expense	-186M	2.55B	2.45B	1.83B	356M	-1.76B	-1.18B	562M	-602M	72M	854M	1.15B	366M	-270M	-771M	-2.15B	-1.6B	-1.23B	-521M	-137M
Pretax Income	26.88B	62.17B	34.19B	25.52B	33.8B	37.03B	35.56B	34.38B	25.33B	31.92B	27.62B	28.06B	24.25B	24.74B	16.32B	18.03B	16.8B	17.92B	13.11B	15.11B
Pretax Margin %	34.24%	64.21%	43.19%	34.03%	43.98%	47.43%	41.5%	48.22%	37.22%	48.84%	41.94%	47.78%	44.67%	46.35%	33.93%	39.57%	40.7%	42.63%	34.21%	42.42%
Income Tax	5.89B	13.62B	7.29B	5.51B	7.3B	8B	7.33B	7.08B	5.28B	6.51B	5.66B	5.58B	4.83B	4.92B	2.72B	3.63B	3.48B	3.71B	2.22B	2.99B
Effective Tax Rate %	21.9%	21.9%	21.34%	21.6%	21.6%	21.6%	20.61%	20.6%	20.85%	20.4%	20.48%	19.9%	19.9%	19.9%	16.7%	20.11%	20.7%	20.7%	16.94%	19.81%
Net Income	20.99B	48.56B	26.89B	20.01B	26.5B	29.03B	28.23B	27.3B	20.05B	25.41B	21.96B	22.48B	19.43B	19.81B	13.59B	14.4B	13.32B	14.21B	10.89B	12.12B
Net Margin %	26.74%	50.15%	33.98%	26.68%	34.48%	37.18%	32.95%	38.28%	29.46%	38.88%	33.35%	38.27%	35.78%	37.13%	28.26%	31.61%	32.27%	33.81%	28.41%	34.02%
Net Income Growth %	-20.81%	67.24%	-4.74%	-26.72%	32.18%	14.28%	28.53%	21.46%	3.2%	28.23%	61.59%	56.04%	45.88%	39.44%	24.79%	18.86%	9.86%	12.57%	16.89%	17.68%
Net Income (Continuing)	20.99B	48.56B	26.89B	20.01B	26.5B	29.03B	28.23B	27.3B	20.05B	25.41B	21.96B	22.48B	19.43B	19.81B	13.59B	14.4B	13.32B	14.21B	10.89B	12.12B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	4.74	10.91	6.04	4.50	5.96	6.53	6.33	6.12	4.49	5.68	4.91	5.00	4.32	4.39	3.01	3.18	2.93	3.11	2.38	2.64
EPS Growth %	-20.47%	67.07%	-4.58%	-26.47%	32.74%	14.96%	28.92%	22.4%	3.94%	29.39%	63.12%	57.23%	47.44%	41.16%	26.47%	20.45%	11.41%	13.92%	19%	19.46%
EPS (Basic)	4.74	10.93	6.06	4.50	5.96	6.54	6.34	6.13	4.50	5.70	4.92	5.02	4.33	4.40	3.02	3.17	2.93	3.11	2.38	2.65
Diluted Shares Outstanding	4.44B	4.45B	4.45B	4.45B	4.45B	4.45B	4.46B	4.46B	4.47B	4.47B	4.48B	4.49B	4.5B	4.51B	4.52B	4.54B	4.55B	4.57B	4.59B	4.59B
Basic Shares Outstanding	4.43B	4.44B	4.45B	4.45B	4.45B	4.44B	4.45B	4.45B	4.46B	4.46B	4.46B	4.48B	4.49B	4.5B	4.51B	4.52B	4.54B	4.55B	4.57B	4.58B
Dividend Payout Ratio	-	72.72%	-	83.29%	0.66%	121.49%	-	57.08%	-	112.4%	-	59.75%	-	92.55%	-	66.73%	-	110.42%	-	66.19%