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
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Novartis AG (NVS) Shares outstanding
Novartis AG's shares outstanding at the end of fiscal 2025 was $2.0B, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $1.9B. Over the past ten years it has ranged from $2.0B (fiscal 2025) to $2.4B (fiscal 2015) — the current reading is the lowest in ten years. Novartis AG ranks 8th of 20 Drug Manufacturers General companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $2.0B | (3.93%) |
| FY2024 | $2.0B | (2.72%) |
| FY2023 | $2.1B | (4.78%) |
| FY2022 | $2.2B | (2.79%) |
| FY2021 | $2.3B | (1.57%) |
| FY2020 | $2.3B | (0.99%) |
| FY2019 | $2.3B | (1.07%) |
| FY2018 | $2.3B | (1.14%) |
| FY2017 | $2.4B | (0.13%) |
| FY2016 | $2.4B | (1.20%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $1.9B | (0.47%) |
| Jun 2026 | $1.9B | (0.10%) |
| Mar 2026 | $1.9B | (1.99%) |
| Dec 2025 | $2.0B | 0.77% |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| PFE Pfizer Inc. compare | $5.8B |
| NVO Novo Nordisk A/S compare | $4.4B |
| MRK Merck & Co., Inc. compare | $2.5B |
| JNJ Johnson & Johnson compare | $2.4B |
| NVS Novartis AG | $1.9B |
| ABBV AbbVie Inc. compare | $1.8B |
| AZN AstraZeneca PLC compare | $1.6B |
| GILD Gilead Sciences, Inc. compare | $1.3B |
| AMGN Amgen Inc. compare | $546.0M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement