Novartis Ag NVS
NYSE NVS
$140.35 -0.58 (-0.41%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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