Novartis Ag (NVS) Cost of Revenue (2009 - 2025)

Novartis Ag's (NVS) quarterly Cost of Revenue came in at $3.3 billion in Q2 2025, up 4.7% year-on-year from $3.2 billion in Q2 2024, and down 47.01% quarter-over-quarter from $6.3 billion in Q4 2024.

Novartis Ag (NVS) Cost of Revenue (2009 - 2025) Analysis & Trends

Novartis Ag has disclosed Cost of Revenue across 15 years of filings, most recently posting $3.3 billion for Q2 2025.

  • Cost of Revenue for Q2 2025 came in at $3.3 billion, up 4.7% year-over-year; the trailing twelve-month figure through Jun 2025 was $19.1 billion (up 44.96% YoY), and the FY2025 annual result was $13.7 billion, up 6.8% from the prior year.
  • Cost of Revenue came in at $3.3 billion for Q2 2025 at Novartis Ag, down from $6.3 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $6.3 billion in Q4 2023 to a low of $236.0 million in Q3 2022.
  • The 5-year median for Cost of Revenue is $1.7 billion (2023), against an average of $2.3 billion.
  • Peak annual rise in Cost of Revenue reached 2403.16% in 2023, while the deepest fall reached 10.9% in 2023.
  • Novartis Ag's Cost of Revenue stood at $238.0 million in 2021, then climbed by 6.3% to $253.0 million in 2022, then soared by 2403.16% to $6.3 billion in 2023, then decreased by 1.01% to $6.3 billion in 2024, then tumbled by 47.01% to $3.3 billion in 2025.
  • The last three Cost of Revenue figures came in at $3.3 billion (Q2 2025), $6.3 billion (Q4 2024), and $3.2 billion (Q2 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Gsk 93,699,046.73 Bn 93,699,041.77 Bn 7.76 Bn 2.53 Bn
2 Eli Lilly 1,012.06 Bn 1,006.77 Bn 16.22 Bn 3.58 Bn
3 Johnson & Johnson 560.67 Bn 538.62 Bn 15.96 Bn 8.11 Bn
4 AbbVie 402.20 Bn 392.85 Bn 10.78 Bn 4.22 Bn
5 Merck 298.59 Bn 292.94 Bn 12.09 Bn 4.20 Bn
6 Amgen 188.77 Bn 176.74 Bn 5.87 Bn 2.74 Bn
7 Gilead Sciences 160.22 Bn 152.49 Bn 5.52 Bn 1.45 Bn
8 Pfizer 148.19 Bn 135.42 Bn -1.21 Bn 3.55 Bn
9 Bristol Myers Squibb 116.72 Bn 106.26 Bn 8.07 Bn 3.42 Bn
10 Novartis Ag 109.78 Bn 109.09 Bn - -

Historic Data

Download Data
DateValue
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 253.00 Mn
Dec 31, 2022 253.00 Mn
Sep 30, 2022 236.00 Mn
Sep 30, 2022 236.00 Mn
Jun 30, 2022 3.75 Bn
Jun 30, 2022 3.75 Bn
Mar 31, 2022 288.00 Mn
Mar 31, 2022 288.00 Mn