Novartis AG (NVS) Quarterly Income Statement

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Novartis AG (NVS) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

NVS Income Statement

Novartis AG (NVS) annual income statement — 28-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	14.42B	13.52B	13.33B	14.36B	14.84B	13.62B	13.56B	13.17B	12.87B	12.12B	11.78B	12.09B	11.74B	11.05B	13.09B	10.78B	13.09B	12.81B	13.52B	13.37B
Revenue Growth %	-2.82%	-0.7%	-1.64%	9%	15.26%	12.38%	15.13%	8.93%	9.6%	9.71%	-10.02%	12.14%	-10.24%	-13.79%	-3.22%	-19.33%	-1.57%	0.95%	3.78%	6.61%
Cost of Goods Sold	3.68B	3.46B	3.54B	3.54B	3.32B	3.23B	3.32B	3.23B	3.17B	3.1B	3.02B	3.12B	3.34B	2.99B	4.07B	2.87B	3.75B	3.86B	3.98B	3.94B
COGS % of Revenue	25.53%	25.58%	26.56%	24.65%	22.39%	23.69%	24.52%	24.55%	24.65%	25.54%	25.66%	25.78%	28.45%	27.08%	31.12%	26.65%	28.67%	30.09%	29.4%	29.46%
Gross Profit	10.74B	10.06B	9.79B	10.82B	11.51B	10.39B	10.23B	9.94B	9.7B	9.02B	8.75B	8.97B	8.4B	8.06B	9.01B	7.91B	9.33B	8.96B	9.55B	9.43B
Gross Margin %	74.47%	74.42%	73.44%	75.35%	77.61%	76.31%	75.48%	75.45%	75.35%	74.46%	74.34%	74.22%	71.55%	72.92%	68.88%	73.35%	71.33%	69.91%	70.6%	70.54%
Gross Profit Growth %	-6.75%	-3.16%	-4.31%	8.87%	18.71%	15.17%	16.91%	10.73%	15.42%	12.02%	-2.88%	13.48%	-9.97%	-10.07%	-5.57%	-16.12%	-0.49%	3.5%	8.32%	7.33%
Operating Expenses	6B	5.83B	6.27B	6.32B	6.65B	5.73B	6.7B	6.31B	5.68B	5.65B	6.17B	7.21B	5.6B	5.44B	7.07B	6.08B	7.11B	6.11B	6.98B	6.2B
OpEx % of Revenue	41.63%	43.11%	47.04%	44%	44.82%	42.07%	49.45%	47.91%	44.17%	46.63%	52.41%	59.65%	47.65%	49.23%	53.98%	56.41%	54.31%	47.65%	51.65%	46.35%
Selling, General & Admin	3.24B	3.14B	3.44B	3.31B	3.44B	3.06B	3.5B	3.13B	3.09B	2.84B	3.44B	3.09B	3.09B	2.89B	3.75B	2.94B	3.58B	3.51B	3.98B	3.62B
SG&A % of Revenue	22.49%	23.22%	25.76%	23.04%	23.2%	22.45%	25.82%	23.79%	24.01%	23.43%	29.25%	25.56%	26.32%	26.17%	28.63%	27.23%	27.37%	27.41%	29.47%	27.07%
Research & Development	2.76B	2.74B	2.84B	2.94B	2.73B	2.37B	2.84B	2.39B	2.37B	2.42B	2.57B	3.92B	2.3B	2.58B	2.44B	2.54B	2.5B	2.32B	2.41B	2.38B
R&D % of Revenue	19.14%	20.26%	21.27%	20.5%	18.38%	17.37%	20.96%	18.16%	18.39%	19.98%	21.8%	32.46%	19.62%	23.31%	18.66%	23.57%	19.09%	18.11%	17.82%	17.8%
Other Operating Expenses	0	-1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	4.74B	4.24B	3.52B	4.5B	4.86B	4.66B	3.53B	3.63B	4.01B	3.37B	2.58B	1.76B	2.81B	2.62B	1.95B	1.83B	2.23B	2.85B	2.56B	3.23B
Operating Margin %	32.84%	31.31%	26.4%	31.35%	32.79%	34.24%	26.04%	27.54%	31.18%	27.83%	21.93%	14.57%	23.9%	23.7%	14.89%	16.93%	17.03%	22.26%	18.95%	24.19%
Operating Income Growth %	-2.65%	-9.18%	-0.26%	24.1%	21.18%	38.24%	36.72%	105.85%	43%	28.84%	32.48%	-3.5%	25.99%	-8.2%	-23.93%	-43.52%	-35.96%	18.1%	-3.1%	34.04%
EBITDA	5.94B	5.46B	5.07B	5.87B	6.12B	5.82B	5.16B	5.59B	5.18B	4.69B	4.17B	4.87B	4.51B	4.49B	3.9B	3.74B	4.03B	4.26B	4.08B	4.69B
EBITDA Margin %	41.17%	40.39%	38.03%	40.85%	41.25%	42.71%	38.04%	42.45%	40.21%	38.67%	35.41%	40.3%	38.44%	40.63%	29.78%	34.69%	30.8%	33.22%	30.18%	35.06%
EBITDA Growth %	-3.01%	-6.09%	-1.67%	4.88%	18.24%	24.11%	23.69%	14.75%	14.64%	4.43%	7.01%	30.26%	12.03%	5.43%	-4.51%	-20.17%	-18.14%	3.53%	-4.22%	13.02%
D&A (Non-Cash Add-back)	1.2B	1.23B	1.55B	1.36B	1.26B	1.15B	1.63B	1.97B	1.16B	1.31B	1.59B	3.11B	1.71B	1.87B	1.95B	1.92B	1.8B	1.41B	1.52B	1.45B
EBIT	4.74B	4.18B	3.52B	4.48B	4.82B	4.68B	3.56B	3.65B	4.09B	3.35B	2.59B	1.77B	2.89B	2.72B	1.96B	1.79B	2.24B	2.87B	17.16B	3.43B
Net Interest Income	-462.32M	-343M	-303.98M	-281M	-293.64M	-270.22M	-273.05M	-266.88M	-245.62M	-219.74M	-238.87M	-222M	-215.85M	-200.47M	-241.37M	-206M	-202M	-201M	-206M	-202M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	462.32M	343M	303.98M	281M	293.64M	270.22M	273.05M	266.88M	245.62M	219.74M	238.87M	222M	215.85M	200.47M	241.37M	206M	202M	201M	206M	202M
Other Income/Expense	-463.32M	-396M	-302.98M	-305M	-333M	-256M	-245M	-242M	-173M	-244M	-205M	-210M	-133M	-98M	-208M	-239M	-186M	-183M	14.39B	-3M
Pretax Income	4.27B	3.84B	3.22B	4.2B	4.53B	4.41B	3.29B	3.38B	3.84B	3.13B	2.38B	1.55B	2.67B	2.52B	1.74B	1.59B	2.04B	2.67B	16.95B	3.23B
Pretax Margin %	29.63%	28.39%	24.13%	29.22%	30.54%	32.36%	24.23%	25.7%	29.84%	25.82%	20.19%	12.83%	22.77%	22.81%	13.3%	14.72%	15.61%	20.83%	125.36%	24.16%
Income Tax	1.01B	683M	813.94M	266M	507M	798M	465M	200M	595M	441M	-261M	39M	403M	370M	275M	257M	347M	450M	645M	472M
Effective Tax Rate %	23.71%	17.79%	25.3%	6.34%	11.19%	18.11%	14.16%	5.91%	15.49%	14.09%	-10.98%	2.51%	15.07%	14.68%	15.8%	16.19%	16.99%	16.86%	3.81%	14.61%
Net Income	3.27B	3.16B	2.41B	3.93B	4.04B	3.61B	2.82B	3.19B	3.25B	2.69B	8.48B	1.76B	2.32B	2.29B	1.47B	1.57B	1.69B	2.22B	16.31B	2.76B
Net Margin %	22.65%	23.34%	18.06%	27.36%	27.24%	26.48%	20.78%	24.21%	25.22%	22.18%	72.01%	14.56%	19.72%	20.76%	11.2%	14.59%	12.95%	17.34%	120.6%	20.63%
Net Income Growth %	-19.17%	-12.48%	-14.52%	23.17%	24.49%	34.15%	-66.77%	81.09%	40.16%	17.23%	478.44%	11.95%	36.72%	3.2%	-91.01%	-42.97%	-41.51%	7.92%	678.8%	42.53%
Net Income (Continuing)	3.26B	3.16B	2.4B	3.93B	4.02B	3.61B	2.82B	3.19B	3.25B	2.69B	2.64B	1.51B	2.27B	2.15B	1.47B	1.33B	1.7B	2.22B	16.31B	2.76B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	1000K	1000K	1000K	1000K	0	1000K	0	0	0	0
Minority Interest	404M	415M	419M	422M	69M	83M	80M	124M	169M	81M	83M	81M	84M	83M	81M	78M	81M	164M	167M	166M
EPS (Diluted)	1.71	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
EPS Growth %	-16.99%	-9.34%	-11.35%	28.66%	29.56%	38.93%	-65.69%	84.71%	43.24%	21.3%	504.41%	18.06%	44.16%	9.09%	-90.61%	-40.98%	-39.84%	8.79%	686.96%	45.24%
EPS (Basic)	1.71	1.65	1.26	2.04	2.07	1.83	1.42	1.58	1.60	1.32	4.14	0.85	1.11	1.09	0.69	0.73	0.77	1.00	7.29	1.23
Diluted Shares Outstanding	1.91B	1.92B	1.93B	1.94B	1.96B	1.98B	2B	2.03B	2.05B	2.06B	2.06B	2.08B	2.1B	2.12B	2.15B	2.18B	2.21B	2.24B	2.25B	2.25B
Basic Shares Outstanding	1.91B	1.91B	1.91B	1.93B	1.95B	1.97B	1.99B	2.01B	2.03B	2.04B	2.05B	2.06B	2.08B	2.11B	2.13B	2.17B	2.2B	2.23B	2.24B	2.24B
Dividend Payout Ratio	87.74%	196.36%	0.42%	0.76%	61.49%	147.89%	-	-	74.46%	193.71%	-	-	-	316.4%	-	-	-	337.8%	-	-