Novartis Ag (NVS) Cost of Revenue (2009 - 2026)
Novartis Ag's (NVS) quarterly Cost of Revenue came in at $3.7 billion in Q2 2026, up 11.68% year-over-year from $3.3 billion in Q2 2025, and up 7.26% quarter-over-quarter from $3.5 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Cost of Revenue (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Cost of Revenue across 18 years of filings, most recently posting $3.7 billion for Q2 2026.
- In Q2 2026, Cost of Revenue rose 11.68% year-over-year to $3.7 billion; the TTM figure through Jun 2026 stood at $17.3 billion (down 10.52% YoY), while the FY2025 annual figure was $13.7 billion, up 6.8% from the prior year.
- Cost of Revenue came in at $3.7 billion for Q2 2026 at Novartis Ag, up from $3.5 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $9.5 billion in Q4 2024 to a low of $2.9 billion in Q3 2022.
- Average Cost of Revenue over 5 years is $4.5 billion, with a median of $3.4 billion recorded in 2023.
- Year-over-year, Cost of Revenue tumbled 31.08% in 2025 and climbed 11.68% in 2026.
- Over 5 years, Cost of Revenue stood at $8.5 billion in 2022, then advanced by 10.64% to $9.5 billion in 2023, then grew by 0.56% to $9.5 billion in 2024, then slumped by 31.08% to $6.5 billion in 2025, then slumped by 43.35% to $3.7 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $3.7 billion in Q2 2026, $3.5 billion in Q1 2026, and $6.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | 8.05 Bn |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | 4.29 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | 4.40 Bn |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | 3.71 Bn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | 4.09 Bn |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | 3.73 Bn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | 3.51 Bn |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | - |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | 174.53 Mn |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | 104.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.71 Bn |
| Mar 31, 2026 | 3.46 Bn |
| Dec 31, 2025 | 6.55 Bn |
| Sep 30, 2025 | 3.54 Bn |
| Jun 30, 2025 | 3.32 Bn |
| Mar 31, 2025 | 3.23 Bn |
| Dec 31, 2024 | 9.50 Bn |
| Sep 30, 2024 | 3.23 Bn |
| Jun 30, 2024 | 3.17 Bn |
| Mar 31, 2024 | 3.10 Bn |
| Dec 31, 2023 | 9.45 Bn |
| Sep 30, 2023 | 3.12 Bn |
| Jun 30, 2023 | 3.34 Bn |
| Mar 31, 2023 | 2.99 Bn |
| Dec 31, 2022 | 8.54 Bn |
| Sep 30, 2022 | 2.87 Bn |
| Jun 30, 2022 | 3.75 Bn |
| Mar 31, 2022 | 3.86 Bn |
| Dec 31, 2021 | 7.95 Bn |
| Sep 30, 2021 | 3.94 Bn |