Novartis Ag (NVS) Change in Taxes (2009 - 2026)
Novartis Ag's (NVS) quarterly Change in Taxes came in at -$398.0 million in Q2 2026, up 41.04% year-over-year from -$282.2 million in Q2 2025, and up 49.43% quarter-over-quarter from -$787.0 million in Q1 2026.
Analysis
Novartis Ag (NVS) Change in Taxes (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Change in Taxes across 18 years of filings, most recently posting -$398.0 million for Q2 2026.
- In Q2 2026, Change in Taxes rose 41.04% year-over-year to -$398.0 million; the TTM figure through Jun 2026 stood at -$2.8 billion (down 8.51% YoY), while the FY2025 annual figure was -$2.6 billion, down 13.46% from the prior year.
- Change in Taxes came in at -$398.0 million for Q2 2026 at Novartis Ag, up from -$787.0 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of -$260.0 million in Q3 2022 to a low of -$1.2 billion in Q4 2025.
- Average Change in Taxes over 5 years is -$610.2 million, with a median of -$558.0 million recorded in 2024.
- Year-over-year, Change in Taxes soared 62.17% in 2022 and plunged 227.25% in 2023.
- Over 5 years, Change in Taxes stood at -$334.0 million in 2022, then sank by 227.25% to -$1.1 billion in 2023, then rose by 4.03% to -$1.0 billion in 2024, then slipped by 15.82% to -$1.2 billion in 2025, then surged by 67.24% to -$398.0 million in 2026.
- Per Business Quant data, the three most recent Change in Taxes figures were -$398.0 million in Q2 2026, -$787.0 million in Q1 2026, and -$1.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | - |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | -2.22 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | - |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | -398.00 Mn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | - |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | -522.00 Mn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | - |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | - |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | - |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -398.00 Mn |
| Mar 31, 2026 | -787.00 Mn |
| Dec 31, 2025 | -1.22 Bn |
| Sep 30, 2025 | -366.00 Mn |
| Jun 30, 2025 | -675.00 Mn |
| Mar 31, 2025 | -540.00 Mn |
| Dec 31, 2024 | -1.05 Bn |
| Sep 30, 2024 | -285.00 Mn |
| Jun 30, 2024 | -473.00 Mn |
| Mar 31, 2024 | -576.00 Mn |
| Dec 31, 2023 | -1.09 Bn |
| Sep 30, 2023 | -426.00 Mn |
| Jun 30, 2023 | -973.00 Mn |
| Mar 31, 2023 | -295.00 Mn |
| Dec 31, 2022 | -334.00 Mn |
| Sep 30, 2022 | -260.00 Mn |
| Jun 30, 2022 | -606.00 Mn |
| Mar 31, 2022 | -633.00 Mn |
| Dec 31, 2021 | -883.00 Mn |
| Sep 30, 2021 | -315.00 Mn |