Novartis AG

NVS Healthcare Drug Manufacturers General

Novartis AG’s revenue for fiscal 2025 (year ended December 2025) was $56.7 billion, up 9.57% from fiscal 2024.

Revenue
+4.67%
EPS
−69.1%
Free cash flow
−17.8%
Total debt
+53.9%

Quarter to September 2026, against a year earlier

162.04 2.94 −1.78%
Market cap
$296.4B
P/E
30.9×
Fwd P/E
23.2×
Dividend yield
2.93%
F-score
8/9
Altman Z
4.13
Beneish M
−2.49
Dividend safety
66/100

Novartis AG (NVS) Revenue

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Novartis AG's revenue for fiscal 2025 was $56.7B, up 9.57% from $51.7B in fiscal 2024. Over the twelve months to 30 September 2026 it was $57.4B. Over the past ten years it has ranged from $43.5B (fiscal 2022) to $56.7B (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 3 consecutive fiscal years. Novartis AG ranks 8th of 18 Drug Manufacturers General companies by revenue.

Revenue, annual

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Annual newest first

Period Revenue Change
FY2025 $56.7B 9.57%
FY2024 $51.7B 10.85%
FY2023 $46.7B 7.36%
FY2022 $43.5B (17.81%)
FY2021 $52.9B 5.97%
FY2020 $49.9B 2.51%
FY2019 $48.7B 5.59%
FY2018 $46.1B (8.05%)
FY2017 $50.1B 1.41%
FY2016 $49.4B (1.89%)

Quarterly newest first

Period Revenue Change
Sep 2026 $15.0B 0.52%
Jun 2026 $15.0B 10.55%
Mar 2026 $13.5B (2.42%)
Dec 2025 $13.9B (3.47%)
43 more quarters

Against its own ten years

Low $43.5B High $56.7B
Ten-year median $49.9B
Current reading's percentile 100

Revenue against peers

What Revenue is

Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.

Reported line item

The full definition of Revenue →

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