Novartis Ag (NVS) Free Cash Flow (2009 - 2026)
Novartis Ag's Free Cash Flow came in at $6.2 billion for Q2 2026, down 11.3% from $7 billion a year earlier but up 54.2% from the prior quarter.
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Analysis
Novartis Ag (NVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Novartis Ag reported Free Cash Flow of $20.02 billion, down 10.0% year-over-year; for FY2025, it was $20.69 billion, up 9.0% from FY2024.
- Free Cash Flow has increased in each of the last four years, with a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $18.99 billion in FY2024 (+10.5%), $17.18 billion in FY2023 (+28.3%), $13.39 billion in FY2022 (+12.2%) and $11.94 billion in FY2021 (-3.6%).
- The five-year range for quarterly Free Cash Flow is $1.91 billion (Q1 2022) to $7 billion (Q2 2025).
- Year-over-year, Free Cash Flow increased in six of the last eight quarters, with growth averaging 12.2%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q1 2023 (growth of 158.2%), and the weakest in Q1 2024 (a decline of 49.4%).
- Business Quant data shows NVS's Free Cash Flow at $4.02 billion (Q1 2026), $2.87 billion (Q4 2025) and $6.93 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,127.89 Bn | 1,096.47 Bn | 19.71 Bn | 7.76 Bn |
| 2 | Johnson & Johnson | 635.11 Bn | 554.97 Bn | 17.30 Bn | 6.36 Bn |
| 3 | AbbVie | 504.69 Bn | 477.80 Bn | 12.70 Bn | 3.11 Bn |
| 4 | Merck | 358.24 Bn | 312.62 Bn | 12.21 Bn | 4.48 Bn |
| 5 | Novartis Ag | 290.13 Bn | 254.12 Bn | 11.24 Bn | 5.56 Bn |
| 6 | Astrazeneca | 265.05 Bn | 238.74 Bn | 12.86 Bn | 1.01 Bn |
| 7 | Amgen | 237.87 Bn | 193.27 Bn | 7.24 Bn | 3.49 Bn |
| 8 | Gilead Sciences | 194.91 Bn | 169.11 Bn | 6.22 Bn | 3.43 Bn |
| 9 | Pfizer | 171.28 Bn | 117.93 Bn | 10.94 Bn | 302.00 Mn |
| 10 | Vertex Pharmaceuticals | 133.37 Bn | 105.38 Bn | 2.84 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.56 Bn |
| Mar 31, 2026 | 4.02 Bn |
| Dec 31, 2025 | 2.87 Bn |
| Sep 30, 2025 | 6.93 Bn |
| Jun 30, 2025 | 6.33 Bn |
| Mar 31, 2025 | 3.90 Bn |
| Dec 31, 2024 | 4.75 Bn |
| Sep 30, 2024 | 6.61 Bn |
| Jun 30, 2024 | 4.62 Bn |
| Mar 31, 2024 | 2.49 Bn |
| Dec 31, 2023 | 2.95 Bn |
| Sep 30, 2023 | 5.64 Bn |
| Jun 30, 2023 | 3.35 Bn |
| Mar 31, 2023 | 3.13 Bn |
| Dec 31, 2022 | 4.42 Bn |
| Sep 30, 2022 | 4.94 Bn |
| Jun 30, 2022 | 3.50 Bn |
| Mar 31, 2022 | 1.91 Bn |
| Dec 31, 2021 | 4.34 Bn |
| Sep 30, 2021 | 5.28 Bn |
API Access
Novartis Ag Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "NVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();