Financials in USD. Standardized financial statements.
A compact view of how Novartis AG turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $54.81B | $51.72B | $46.66B | $43.46B | $43.97B | $49.90B | $48.68B | $46.10B | $43.40B | $49.44B |
| Revenue Growth? | +6.0% | +10.8% | +7.4% | -1.2% | -11.9% | +2.5% | +5.6% | +6.2% | -12.2% | 0.0% |
| Cost of Revenue? | $13.69B | $12.83B | $12.47B | $11.58B | $11.73B | $15.12B | $14.43B | $14.51B | $13.63B | $17.52B |
| Gross Profit? | $41.12B | $38.90B | $34.19B | $31.88B | $32.24B | $34.78B | $34.25B | $31.59B | $29.77B | $31.92B |
| Gross Margin? | +75.0% | +75.2% | +73.3% | +73.4% | +73.3% | +69.7% | +70.4% | +68.5% | +68.6% | +64.6% |
| Operating Expenses? | $24.05B | $24.35B | $24.42B | $23.93B | $22.18B | $24.63B | $25.17B | $23.19B | $21.07B | $23.65B |
| Operating Income? | $17.07B | $14.54B | $9.77B | $7.95B | $10.06B | $10.15B | $9.09B | $8.40B | $8.70B | $8.27B |
| EBITDA? | $22.99B | $20.71B | $18.25B | $14.68B | $30.91B | $17.21B | $15.62B | $20.24B | $14.59B | $14.57B |
| Income Before Tax | $16.44B | $13.64B | $9.12B | $7.18B | $24.53B | $9.88B | $8.94B | $14.10B | $9.10B | $7.82B |
| Income Tax Expense | $2.40B | $1.70B | $551.00M | $1.13B | $1.63B | $1.81B | $1.79B | $1.29B | $1.60B | $1.12B |
| Net Income? | $14.06B | $11.94B | $14.85B | $6.96B | $24.02B | $8.07B | $11.73B | $12.61B | $7.70B | $6.71B |
| EPS? | $7.25 | $5.92 | $7.15 | $3.19 | $10.71 | $3.54 | $3.12 | $5.44 | $3.28 | $2.82 |
| Diluted EPS? | $7.19 | $5.87 | $7.10 | $3.17 | $10.63 | $3.52 | $3.08 | $5.38 | $3.25 | $2.80 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality