Novartis Ag (NVS) Cost of Revenue (2009 - 2026)
Novartis Ag (NVS) posted Cost of Revenue of $3.7 billion for Q2 2026, up 11.68% sequentially from $3.3 billion in Q2 2025, and up 11.68% YoY from $3.3 billion in Q2 2025.
Novartis Ag (NVS) Cost of Revenue (2009 - 2026) Analysis & Trends
Novartis Ag has reported Cost of Revenue for 18 years, with the latest figure at $3.7 billion in Q2 2026.
- Quarterly Cost of Revenue rose 11.68% year-over-year to $3.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $16.5 billion (down 13.74% YoY) and the FY2025 annual result came in at $13.7 billion, up 6.8% from the prior year.
- Cost of Revenue improved to $3.7 billion in Q2 2026 per NVS's latest filing, from $3.3 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $7.6 billion in Q4 2022 and troughed at $236.0 million in Q3 2022.
- A 5-year average of $3.5 billion and a median of $3.3 billion in 2023 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 13.19% in 2023, down 16.75% in 2023.
- Over 5 years, Cost of Revenue stood at $7.6 billion in 2022, then decreased by 16.75% to $6.3 billion in 2023, then dropped by 1.01% to $6.3 billion in 2024, then tumbled by 47.01% to $3.3 billion in 2025, then increased by 11.68% to $3.7 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $3.7 billion, $3.3 billion, and $6.3 billion for Q2 2026, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 652.20 Bn | 631.44 Bn | 17.26 Bn | 8.05 Bn |
| 2 | AbbVie | 469.51 Bn | 462.94 Bn | 12.70 Bn | 4.29 Bn |
| 3 | Merck | 376.81 Bn | 369.67 Bn | 12.21 Bn | 4.40 Bn |
| 4 | Novartis Ag | 303.04 Bn | 295.35 Bn | 11.24 Bn | 3.71 Bn |
| 5 | Astrazeneca | 257.61 Bn | 252.71 Bn | 12.86 Bn | 2.52 Bn |
| 6 | Amgen | 237.37 Bn | 223.38 Bn | 7.24 Bn | 2.81 Bn |
| 7 | Gilead Sciences | 181.73 Bn | 178.55 Bn | 6.22 Bn | 1.58 Bn |
| 8 | Pfizer | 159.66 Bn | 147.96 Bn | 10.94 Bn | 4.09 Bn |
| 9 | Gsk | 106.24 Bn | 102.07 Bn | 8.24 Bn | 3.04 Bn |
| 10 | Sanofi | 55.07 Bn | 47.69 Bn | 10.79 Bn | 3.51 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.71 Bn |
| Jun 30, 2026 | 3.71 Bn |
| Jun 30, 2025 | 3.32 Bn |
| Jun 30, 2025 | 3.32 Bn |
| Dec 31, 2024 | 6.27 Bn |
| Dec 31, 2024 | 6.27 Bn |
| Jun 30, 2024 | 3.17 Bn |
| Jun 30, 2024 | 3.17 Bn |
| Dec 31, 2023 | 6.33 Bn |
| Dec 31, 2023 | 6.33 Bn |
| Jun 30, 2023 | 3.34 Bn |
| Jun 30, 2023 | 3.34 Bn |
| Mar 31, 2023 | 326.00 Mn |
| Mar 31, 2023 | 326.00 Mn |
| Dec 31, 2022 | 7.61 Bn |
| Dec 31, 2022 | 7.61 Bn |
| Sep 30, 2022 | 236.00 Mn |
| Sep 30, 2022 | 236.00 Mn |
| Jun 30, 2022 | 3.75 Bn |
| Jun 30, 2022 | 3.75 Bn |