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

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

Historic Data

Download Data
DateValue
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