Novo Nordisk revenue and financials
Secondary listing. The primary listing is Novo Nordisk · Nasdaq Copenhagen (DKK)
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In the fiscal year ended December 2025, Novo Nordisk reported revenue of 309.06B id:6 (+6.43% year over year). Net income was 102.43B id:6, a net margin of 33.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.43%
- 2025 vs 2024
- Net income growth
- +1.43%
- 2025 vs 2024
- Net margin
- 33.1%
- 2024: 34.8%
Financial data
Amounts in millions of id:6; per-share values in id:6; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 542,902 | 465,630 | 314,486 | 241,257 | 194,508 | 144,922 | 125,612 | 110,769 | 102,355 | 97,539 |
| Current assets | 172,453 | 161,788 | 139,646 | 108,194 | 85,595 | 65,809 | 62,456 | 59,067 | 60,080 | 59,766 |
| Cash and equivalents | 26,464 | 15,655 | 14,392 | 12,653 | 10,720 | 12,757 | 15,475 | 15,638 | 18,852 | 18,690 |
| Short-term investments | 498 | 10,653 | 15,838 | 10,921 | 6,765 | — | — | — | — | 2,009 |
| Receivables | 89,186 | 88,305 | 75,261 | 57,505 | 46,799 | 32,184 | 29,152 | 26,889 | 23,551 | 24,197 |
| Inventory | 49,623 | 40,849 | 31,811 | 24,388 | 19,621 | 18,536 | 17,641 | 16,336 | 15,373 | 14,341 |
| Net property, plant and equipment | 208,378 | 161,680 | 90,961 | 66,671 | 55,362 | 50,269 | 50,551 | 41,891 | 35,247 | 30,179 |
| Goodwill | 19,845 | 20,017 | 4,464 | 4,615 | 4,346 | — | — | — | — | — |
| Other intangible assets | 110,208 | 90,804 | 55,942 | 46,324 | 38,825 | 20,657 | 5,835 | 5,145 | 3,325 | 2,714 |
| Long-term investments | 2,507 | 2,677 | 1,663 | 1,343 | 1,441 | 1,648 | 1,808 | 1,773 | 1,762 | 2,197 |
| Current liabilities | 215,661 | 217,614 | 169,655 | 120,940 | 99,516 | 70,273 | 58,983 | 54,164 | 47,056 | 47,436 |
| Accounts payable | 19,758 | 17,140 | 25,606 | 15,587 | 8,870 | 5,717 | 6,358 | 6,756 | 5,833 | 6,011 |
| Long-term debt | 111,705 | 84,246 | 15,976 | 20,775 | 9,654 | 10,356 | 4,483 | — | — | — |
| Total debt | 130,030 | 96,995 | 26,550 | 25,304 | 13,783 | 3,672 | 3,824 | — | — | — |
| Total liabilities | 348,855 | 322,144 | 207,925 | 157,771 | 123,762 | 81,597 | 68,019 | 58,930 | 52,540 | 52,270 |
| Total equity (incl. minority) | 194,047 | 143,486 | 106,561 | 83,486 | 70,746 | 63,325 | 57,593 | 51,839 | 49,815 | 45,269 |
| Retained earnings | 195,298 | 144,448 | 104,839 | 80,587 | 72,004 | 63,774 | 57,817 | 53,406 | 48,977 | 46,111 |