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

162.10 0.17 +0.10%
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) Total debt

Alert me on Total debt

Novartis AG's total debt at the end of fiscal 2025 was $33.5B, up 13.3% from $29.6B in fiscal 2024. At the end of the quarter to 30 September 2026 it was $46.3B. Over the past ten years it has ranged from $21.9B (fiscal 2015) to $36.0B (fiscal 2020); the current reading is higher than 91% of that period. Novartis AG ranks 6th of 21 Drug Manufacturers General companies by total debt.

Total debt, annual

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Annual newest first

Period Total debt Change
FY2025 $33.5B 13.31%
FY2024 $29.6B 20.26%
FY2023 $24.6B (5.98%)
FY2022 $26.2B (10.35%)
FY2021 $29.2B (19.00%)
FY2020 $36.0B 31.62%
FY2019 $27.4B (14.82%)
FY2018 $32.1B 12.67%
FY2017 $28.5B 19.87%
FY2016 $23.8B 8.53%

Quarterly newest first

Period Total debt Change
Sep 2026 $46.3B (1.55%)
Jun 2026 $47.1B 4.47%
Mar 2026 $45.1B 34.37%
Dec 2025 $33.5B 11.35%
43 more quarters

Against its own ten years

Low $21.9B High $36.0B
Ten-year median $28.5B
Current reading's percentile 91

Total debt against peers

What Total debt is

Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.

Long Term Debt (Total) + Current Part of Debt

The full definition of Total debt →

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