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 growth

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Novartis AG's revenue growth over the twelve months to 30 September 2026 was 1.76%, down 7.8 percentage points from fiscal 2025 (9.57%). Over the past ten years it has ranged from −17.8% (fiscal 2022) to 10.9% (fiscal 2024); the current reading is higher than 91% of that period. That is below the Drug Manufacturers General industry median of 6.72% and below the Healthcare sector median of 7.80%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 9.57% (1.28)
FY2024 10.9% 3.49
FY2023 7.36% 25.17
FY2022 −17.8% (23.78)
FY2021 5.97% 3.46
FY2020 2.51% (3.08)
FY2019 5.59% 13.64
FY2018 −8.05% (9.46)
FY2017 1.41% 3.30
FY2016 −1.89% 4.16

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 4.67% 3.89
Jun 2026 0.78% 1.48
Mar 2026 −0.70% (2.93)
Dec 2025 2.23% (6.77)
43 more quarters

Against its own ten years

Low −17.8% High 10.9%
Ten-year median 2.51%
Current reading's percentile 91

Revenue growth against peers

Company Revenue growth
NVO Novo Nordisk A/S compare 13.2%
ABBV AbbVie Inc. compare 10.7%
AMGN Amgen Inc. compare 8.15%
JNJ Johnson & Johnson compare 7.80%
AZN AstraZeneca PLC compare 7.32%
GILD Gilead Sciences, Inc. compare 6.54%
MRK Merck & Co., Inc. compare 4.89%
NVS Novartis AG 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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