Novo Nordisk A/S

NVO Healthcare Drug Manufacturers General

Novo Nordisk A/S’s revenue for fiscal 2025 (year ended December 2025) was $46.8 billion, up 11.1% from fiscal 2024.

Revenue
+4.47%
EPS
−18.7%
Free cash flow
+71.6%
Total debt
+44.4%

Quarter to June 2026, against a year earlier

40.33 1.85 −4.39%
Market cap
$134.8B
P/E
9.9×
Fwd P/E
—
Dividend yield
4.45%
F-score
5/9
Altman Z
4.32
Beneish M
−2.51
Dividend safety
46/100

Novo Nordisk A/S (NVO) Revenue growth

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Novo Nordisk A/S's revenue growth over the twelve months to 30 June 2026 was 13.2%, up 2.0 percentage points from fiscal 2025 (11.1%). Over the past ten years it has ranged from 0.78% (fiscal 2018) to 34.6% (fiscal 2023); the current reading is higher than 64% of that period. That is above the Drug Manufacturers General industry median of 6.72% and above the Healthcare sector median of 7.80%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 11.1% (13.74)
FY2024 24.9% (9.73)
FY2023 34.6% 22.74
FY2022 11.9% (3.33)
FY2021 15.2% 8.85
FY2020 6.33% (0.64)
FY2019 6.97% 6.19
FY2018 0.78% (1.36)
FY2017 2.14% (1.29)
FY2016 3.43% 2.01

Quarterly newest first

Period Revenue growth Change (points)
Jun 2026 4.47% (33.14)
Mar 2026 37.6% 36.94
Dec 2025 0.67% (11.03)
Sep 2025 11.7% (7.33)
42 more quarters

Against its own ten years

Low 0.78% High 34.6%
Ten-year median 6.97%
Current reading's percentile 64

Revenue growth against peers

Company Revenue growth
SNY Sanofi compare 26.3%
NVO Novo Nordisk A/S 13.2%
AMGN Amgen Inc. compare 8.15%
AZN AstraZeneca PLC compare 7.32%
GSK GSK PLC Sponsored ADR compare 6.90%
GILD Gilead Sciences, Inc. compare 6.54%
BMY Bristol Myers Squibb Company compare 4.16%
NVS Novartis AG compare 1.76%
PFE Pfizer Inc. compare 1.34%
Drug Manufacturers General industry median 6.72%
Healthcare sector median 7.80%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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