Novartis Ag (NVS) Cash from Operations (2009 - 2026)
Novartis Ag's (NVS) quarterly Cash from Operations came in at $5.9 billion in Q2 2026, down 11.73% year-over-year from $6.7 billion in Q2 2025, and up 60.01% quarter-over-quarter from $3.7 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Cash from Operations (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Cash from Operations across 18 years of filings, most recently posting $5.9 billion for Q2 2026.
- In Q2 2026, Cash from Operations fell 11.73% year-over-year to $5.9 billion; the TTM figure through Jun 2026 stood at $26.4 billion (up 11.39% YoY), while the FY2025 annual figure was $19.1 billion, up 8.66% from the prior year.
- Cash from Operations came in at $5.9 billion for Q2 2026 at Novartis Ag, up from $3.7 billion in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of $11.7 billion in Q4 2023 to a low of $1.6 billion in Q1 2022.
- Average Cash from Operations over 5 years is $5.6 billion, with a median of $5.1 billion recorded in 2023.
- Year-over-year, Cash from Operations jumped 138.7% in 2022 and tumbled 38.83% in 2024.
- Over 5 years, Cash from Operations stood at $9.3 billion in 2022, then climbed by 25.91% to $11.7 billion in 2023, then plunged by 38.83% to $7.1 billion in 2024, then jumped by 44.38% to $10.3 billion in 2025, then tumbled by 42.94% to $5.9 billion in 2026.
- Per Business Quant data, the three most recent Cash from Operations figures were $5.9 billion in Q2 2026, $3.7 billion in Q1 2026, and $10.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.14 Bn | 620.38 Bn | 17.26 Bn | 8.62 Bn |
| 2 | AbbVie | 451.04 Bn | 444.47 Bn | 12.70 Bn | 3.44 Bn |
| 3 | Merck | 357.43 Bn | 350.29 Bn | 12.21 Bn | 5.37 Bn |
| 4 | Novartis Ag | 266.73 Bn | 259.04 Bn | 11.24 Bn | 5.88 Bn |
| 5 | Pfizer | 157.52 Bn | 145.82 Bn | 10.94 Bn | 835.00 Mn |
| 6 | Sanofi | 52.14 Bn | 44.76 Bn | 10.79 Bn | 3.44 Bn |
| 7 | Revolution Medicines | 42.88 Bn | 42.88 Bn | - | -387.32 Mn |
| 8 | Incyte | 24.70 Bn | 20.16 Bn | 1.57 Bn | 507.66 Mn |
| 9 | United Therapeutics | 21.47 Bn | 18.80 Bn | 683.80 Mn | 313.60 Mn |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | 136.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.88 Bn |
| Mar 31, 2026 | 3.68 Bn |
| Dec 31, 2025 | 10.31 Bn |
| Sep 30, 2025 | 6.57 Bn |
| Jun 30, 2025 | 6.66 Bn |
| Mar 31, 2025 | 3.65 Bn |
| Dec 31, 2024 | 7.14 Bn |
| Sep 30, 2024 | 6.29 Bn |
| Jun 30, 2024 | 4.88 Bn |
| Mar 31, 2024 | 2.27 Bn |
| Dec 31, 2023 | 11.67 Bn |
| Sep 30, 2023 | 5.38 Bn |
| Jun 30, 2023 | 3.58 Bn |
| Mar 31, 2023 | 2.96 Bn |
| Dec 31, 2022 | 9.27 Bn |
| Sep 30, 2022 | 4.72 Bn |
| Jun 30, 2022 | 3.76 Bn |
| Mar 31, 2022 | 1.65 Bn |
| Dec 31, 2021 | 3.88 Bn |
| Sep 30, 2021 | 4.93 Bn |