Novartis Ag NVS
NYSE NVS
$158.86 +2.62 (+1.68%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
DateValue
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