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Novartis AG logo
Novartis AG NVS
$ 150.62 0.16%
report update icon

Quarterly report 2025-Q4
added 06-11-2026

Novartis AG Income Statement 2025-2011 | NVS

Brief overview of financial performance at Novartis AG

The figures are compared over a five-year interval. According to figures from Novartis AG, revenue changed from 50.4 billion dollars to 49.9 billion dollars over five years. Across the full period, sales moved by −1%; the average annual rate was −0.2%. The scale of the core business was largely unchanged.

Gross profit changed from $33 billion to $34.8 billion (+5.4%). The gross margin was 65.5% at the start and 69.7% at the end. The business retained more gross profit from each unit of revenue.

EBITDA was 14.4 billion dollars at the beginning and 10.2 billion dollars at the end of the period (−29.7%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was 28.7% at the start and 20.3% at the end. The business retained less EBITDA from each unit of revenue.

Net profit was 17.8 billion dollars at the start and 8.1 billion dollars at the end. The final result developed less favorably than the core business.

Over the period, capitalization shifted from 168 billion dollars to 198 billion dollars (+18.2%). Investor expectations increased faster than reported performance.

Financial takeaway

The financial trajectory is weak and requires a cautious interpretation. Key strengths include better sales economics. The most visible risks are a softer top-line trend, weaker operating efficiency and declining net profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Novartis AG

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

316 B 214 B 210 B 221 B 195 B 198 B 201 B 164 B 164 B 154 B 168 B 212 B 175 B 148 B 116 B

Shares

1.94 B 2.02 B 2.08 B 2.18 B 2.24 B 2.28 B 2.29 B 2.32 B 2.35 B 2.38 B 2.4 B 2.43 B 2.44 B 2.42 B 2.38 B

Historical Prices

163 106 101 101 86.9 87.2 87.9 70.6 70.1 55.3 55.9 68 53.4 44.1 33.8

Net Income

14 B 11.9 B 14.9 B 6.96 B 24 B 8.07 B 11.7 B 12.6 B 7.7 B 6.71 B 17.8 B 10.2 B 9.18 B 9.5 B 9.11 B

Revenue

- - - - - 49.9 B 48.7 B 53.2 B 50.1 B 49.4 B 50.4 B 53.6 B 58.8 B 57.6 B 59.4 B

Cost of Revenue

13.7 B 12.8 B 12.5 B 11.6 B 15.9 B 15.1 B 14.4 B 14.5 B 13.6 B 17.5 B - - - - -

Gross Profit

43 B 38.9 B 34.2 B 31.9 B 32.2 B 34.8 B 34.3 B 31.6 B 29.8 B 31.9 B 33 B 36.3 B 39.2 B 38.8 B 40.4 B

Operating Income

17.6 B 14.5 B 9.77 B 7.95 B 11.7 B 10.2 B 9.09 B 8.4 B 8.7 B 8.27 B - - - - -

Interest Expense

1.14 B 1.01 B 855 M 800 M 787 M 869 M 850 M 932 M 750 M 707 M - - - - -

EBITDA

17.6 B 14.5 B 9.77 B 7.95 B 11.7 B 10.2 B 9.09 B 8.4 B 8.7 B 14.3 B 14.4 B 15.8 B 15.8 B 16.4 B 16.8 B

Operating Expenses

- - - - - 24.6 B 25.2 B 26.6 B 24.3 B 23.6 B 24 B 25.2 B 28.3 B 27.3 B 29.4 B

General and Administrative Expenses

13.2 B 12.6 B 12.5 B 12.2 B 14.9 B - 14.4 B 16.5 B 2.14 B 2.19 B 2.48 B 2.62 B 3.06 B 2.94 B 2.97 B

All numbers in USD currency

Quarterly Income Statement Novartis AG

2025-Q4 2025-Q2 2024-Q4 2024-Q2 2023-Q4 2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

1.94 B 1.95 B 2.02 B 2.03 B 2.08 B 2.08 B - - 2.21 B - - - 2.26 B - - - 2.3 B - - - 2.33 B - - - 2.35 B - - - 2.37 B - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

14 B 4.02 B 11.9 B 3.25 B 14.9 B 2.32 B - - 1.7 B - - - 2.9 B - - - 1.87 B - - - 6.8 B - - - 7.77 B - - - 1.98 B - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

13.7 B 3.32 B 12.8 B 3.17 B 12.5 B 4.34 B - - 3.75 B - - - 3.91 B - - - 3.43 B - - - 3.41 B - - - 3.56 B - - - 4.26 B - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

43 B 11.5 B 38.9 B 9.7 B 34.2 B 9.6 B - - 9.33 B - - - 9.38 B - - - 8.19 B - - - 8.62 B - - - 8.1 B - - - 8.24 B - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

17.6 B 4.86 B 14.5 B 4.01 B 9.77 B 2.92 B - - 2.23 B - - - 3.48 B - - - 2.35 B - - - 2.66 B - - - 2.43 B - - - 2.28 B - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

1.14 B 289 M 1.01 B 246 M 855 M 224 M - - 202 M - - - 201 M - - - 220 M - - - 205 M - - - 237 M - - - 192 M - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

17.6 B 4.86 B 14.5 B 4.01 B 9.77 B 2.92 B - - 2.23 B - - - 3.48 B - - - 2.35 B - - - 2.66 B - - - 2.43 B - - - 2.28 B - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

13.2 B 3.44 B 12.6 B 3.09 B 12.5 B 3.69 B - - 3.58 B - - - 3.75 B - - - 3.37 B - - - 3.58 B - - - 3.5 B - - - 3.81 B - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Novartis AG (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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