Novo Nordisk revenue and financials

NVO · NYSE · USD

Secondary listing. The primary listing is Novo Nordisk · Nasdaq Copenhagen (DKK)

$37.53−0.03%−$0.01

Close · October 6, 2026

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%.

Annual revenue · 2025: 309.06B id:6
  1. 111.78B id:62016
  2. 111.7B id:62017
  3. 111.83B id:62018
  4. 122.02B id:62019
  5. 126.95B id:62020
  6. 140.8B id:62021
  7. 176.95B id:62022
  8. 232.26B id:62023
  9. 290.4B id:62024
  10. 309.06B id:62025

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 DKK; per-share values in DKK; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets594,941559,221542,902512,288482,153489,162465,630397,441369,383298,921314,486300,101
Current assets208,696177,317172,453181,883162,705174,395161,788195,160177,500116,421139,646142,199
Cash and equivalents44,48221,12726,46432,08418,43538,93815,65557,01852,8216,32414,39230,144
Short-term investments5004994984994992,61210,65317,8639,8332,97915,83817,451
Receivables108,512100,26889,18692,37385,84386,36688,30579,62976,13071,75075,26161,964
Inventory51,35251,35249,62347,50445,65242,85340,84937,94436,35633,60031,81129,534
Net property, plant and equipment231,758219,974208,378193,244180,758172,376161,680119,832109,98098,23090,96181,461
Goodwill19,89019,87719,845———20,017———4,464—
Other intangible assets102,167110,033110,208106,587107,866109,37990,80454,48855,50159,64055,94255,726
Long-term investments2,3302,2412,5072,7252,6382,7002,6772,0471,6591,6511,6631,471
Current liabilities239,083225,158215,661234,358207,522236,117217,614208,358187,909165,606169,655172,552
Accounts payable14,59114,80319,75823,90428,20619,57617,14024,07929,75913,00625,60620,106
Long-term debt113,172110,335111,70589,18087,30596,31084,24651,45251,60816,76415,97619,924
Total debt140,127146,382130,030101,21499,268118,72396,99556,97257,06026,928——
Total liabilities373,664356,156348,855342,392314,087350,622322,144276,919256,861200,010207,925207,110
Total equity (incl. minority)221,277203,065194,047169,896168,066138,540143,486120,522112,52298,911106,56192,991
Retained earnings224,164206,420195,298168,529164,453137,319144,448121,670112,15099,050104,83991,735