Novartis revenue and financials
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In the fiscal year ended December 2025, Novartis reported revenue of $56.67B (+9.57% year over year). Net income was $13.98B, a net margin of 24.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.57%
- 2025 vs 2024
- Net income growth
- +17.11%
- 2025 vs 2024
- Net margin
- 24.7%
- 2024: 23.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 110,949 | 102,246 | 99,945 | 117,453 | 131,795 | 127,778 | 118,370 | 145,563 | 133,075 | 133,079 |
| Current assets | 30,460 | 29,704 | 30,481 | 36,910 | 45,718 | 29,673 | 29,504 | 35,563 | — | 28,208 |
| Cash and equivalents | 11,435 | 11,459 | 13,393 | 7,517 | 12,407 | 9,658 | 11,112 | 13,271 | — | 8,860 |
| Short-term investments | 98.0 | 1,892 | 680 | 11,209 | 15,817 | — | — | — | — | — |
| Receivables | 10,833 | 9,131 | 9,247 | 9,801 | 9,563 | — | — | — | — | — |
| Inventory | 6,269 | 5,723 | 5,913 | 7,175 | 6,666 | — | — | — | — | — |
| Net property, plant and equipment | 12,352 | 10,873 | 10,924 | 12,195 | 13,106 | — | — | — | — | — |
| Goodwill | 25,567 | 24,756 | 23,341 | 29,301 | 29,595 | 29,999 | 26,524 | 35,294 | — | 31,750 |
| Other intangible assets | 29,411 | 26,915 | 26,879 | 31,644 | 28,683 | — | — | — | — | — |
| Long-term investments | 1,091 | 1,128 | 1,827 | 1,606 | 2,268 | — | — | — | — | — |
| Current liabilities | 27,278 | 28,692 | 26,390 | 28,656 | 30,208 | 33,059 | 28,264 | 29,607 | 23,396 | 23,403 |
| Accounts payable | 4,456 | 4,572 | 4,926 | 5,146 | 5,553 | — | — | — | — | — |
| Long-term debt | 28,729 | 24,722 | 20,627 | 22,485 | 25,523 | 28,531 | 22,355 | 25,660 | — | 23,583 |
| Total debt | 35,376 | 31,258 | 26,348 | 27,909 | — | — | — | — | — | — |
| Total liabilities | 64,400 | 58,120 | 53,195 | 58,030 | 63,973 | 71,112 | 62,819 | 66,871 | — | 58,852 |
| Total equity (incl. minority) | 46,549 | 44,126 | 46,750 | 59,423 | 67,822 | — | — | — | — | — |
| Retained earnings | 44,720 | 46,561 | 49,649 | 63,540 | 70,989 | — | — | — | — | — |
| Minority interest | 419 | 80.0 | 83.0 | 81.0 | 167 | — | — | — | — | — |