Novartis Ag (NVS) Change in Working Capital (2009 - 2026)

Novartis Ag (NVS) posted Change in Working Capital of -$787.0 million for Q1 2026, down 13.24% sequentially from -$695.0 million in Q4 2025, and down 232.07% YoY from $595.9 million in Q1 2025.

Novartis Ag (NVS) Change in Working Capital (2009 - 2026) Analysis & Trends

Novartis Ag (NVS) has 16 years of Change in Working Capital data on file, last reported at -$787.0 million in Q1 2026.

  • Quarterly Change in Working Capital fell 232.07% year-over-year to -$787.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.3 billion (down 524.76% YoY) and the FY2025 annual result came in at -$26.0 million, up 96.32% from the prior year.
  • Change in Working Capital eased to -$787.0 million in Q1 2026 per NVS's latest filing, from -$695.0 million in the prior quarter.
  • The five-year high for Change in Working Capital was $456.0 million in Q4 2022, with the low at -$787.0 million in Q1 2026.
  • Average Change in Working Capital over 5 years is -$143.5 million, with a median of -$216.0 million recorded in 2024.
  • Year-over-year, Change in Working Capital jumped 332.73% in 2024 and plunged 14000.0% in 2025.
  • Novartis Ag's Change in Working Capital stood at $456.0 million in 2022, then slumped by 184.21% to -$384.0 million in 2023, then soared by 101.3% to $5.0 million in 2024, then sank by 14000.0% to -$695.0 million in 2025, then slipped by 13.24% to -$787.0 million in 2026.
  • Business Quant data shows NVS's Change in Working Capital at -$787.0 million in Q1 2026, -$695.0 million in Q4 2025, and -$272.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Working Cap. (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn -
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn -
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn -
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 7.51 Bn
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn -
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn -
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn -
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn -
9 Novartis Ag 113.45 Bn 113.67 Bn - -787.00 Mn
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -787.00 Mn
Mar 31, 2026 -787.00 Mn
Dec 31, 2025 -695.00 Mn
Dec 31, 2025 -695.00 Mn
Sep 30, 2025 -272.00 Mn
Sep 30, 2025 -272.00 Mn
Jun 30, 2025 442.00 Mn
Jun 30, 2025 442.00 Mn
Mar 31, 2025 -237.00 Mn
Mar 31, 2025 -237.00 Mn
Dec 31, 2024 5.00 Mn
Dec 31, 2024 5.00 Mn
Sep 30, 2024 -216.00 Mn
Sep 30, 2024 -216.00 Mn
Jun 30, 2024 238.00 Mn
Jun 30, 2024 238.00 Mn
Mar 31, 2024 -343.00 Mn
Mar 31, 2024 -343.00 Mn
Dec 31, 2023 -384.00 Mn
Dec 31, 2023 -384.00 Mn