Novartis Ag (NVS) Free Cash Flow (2009 - 2026)
Novartis Ag's (NVS) quarterly Free Cash Flow came in at $6.2 billion in Q2 2026, down 11.32% year-over-year from $7.0 billion in Q2 2025, and up 54.23% quarter-over-quarter from $4.0 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Free Cash Flow across 18 years of filings, most recently posting $6.2 billion for Q2 2026.
- In Q2 2026, Free Cash Flow fell 11.32% year-over-year to $6.2 billion; the TTM figure through Jun 2026 stood at $28.1 billion (up 11.39% YoY), while the FY2025 annual figure was $20.7 billion, up 8.99% from the prior year.
- Free Cash Flow came in at $6.2 billion for Q2 2026 at Novartis Ag, up from $4.0 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $12.1 billion in Q4 2023 to a low of $1.9 billion in Q1 2022.
- Average Free Cash Flow over 5 years is $5.9 billion, with a median of $5.4 billion recorded in 2023.
- Year-over-year, Free Cash Flow surged 120.47% in 2022 and plunged 36.27% in 2024.
- Over 5 years, Free Cash Flow stood at $9.6 billion in 2022, then increased by 26.13% to $12.1 billion in 2023, then sank by 36.27% to $7.7 billion in 2024, then surged by 41.83% to $10.9 billion in 2025, then plunged by 43.19% to $6.2 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $6.2 billion in Q2 2026, $4.0 billion in Q1 2026, and $10.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | 7.30 Bn |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | 3.11 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | 4.48 Bn |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | 6.20 Bn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | 302.00 Mn |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | 3.09 Bn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | 3.44 Bn |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | -389.61 Mn |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | 437.80 Mn |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | 495.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.20 Bn |
| Mar 31, 2026 | 4.02 Bn |
| Dec 31, 2025 | 10.92 Bn |
| Sep 30, 2025 | 6.93 Bn |
| Jun 30, 2025 | 7.00 Bn |
| Mar 31, 2025 | 3.90 Bn |
| Dec 31, 2024 | 7.70 Bn |
| Sep 30, 2024 | 6.61 Bn |
| Jun 30, 2024 | 5.14 Bn |
| Mar 31, 2024 | 2.49 Bn |
| Dec 31, 2023 | 12.08 Bn |
| Sep 30, 2023 | 5.64 Bn |
| Jun 30, 2023 | 3.80 Bn |
| Mar 31, 2023 | 3.13 Bn |
| Dec 31, 2022 | 9.58 Bn |
| Sep 30, 2022 | 4.94 Bn |
| Jun 30, 2022 | 4.01 Bn |
| Mar 31, 2022 | 1.91 Bn |
| Dec 31, 2021 | 4.34 Bn |
| Sep 30, 2021 | 5.28 Bn |