Novartis Ag NVS
NYSE NVS
$137.50 +0.02 (+0.01%)
As of: Sep 10, 2026 · 3:59 PM EDT

Novartis Ag (NVS) Gross Margin (2009 - 2026)

Novartis Ag's (NVS) quarterly Gross Margin came in at 78.02% in Q2 2026, down 391.0% year-over-year from 26.81% in Q2 2025, and up 1.65% quarter-over-quarter from 76.76% in Q1 2026.

Analysis

Novartis Ag (NVS) Gross Margin (2009 - 2026) Analysis & Trends

Novartis Ag has disclosed Gross Margin across 18 years of filings, most recently posting 78.02% for Q2 2026.

  • In Q2 2026, Gross Margin fell 391.0% year-over-year to 78.02%; the TTM figure through Jun 2026 stood at 78.63% (up 33.0% YoY), while the FY2025 annual figure was 78.81%, up 151.0% from the prior year.
  • Gross Margin came in at 78.02% for Q2 2026 at Novartis Ag, up from 76.76% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 81.93% in Q2 2025 to a low of 71.49% in Q1 2022.
  • Average Gross Margin over 5 years is 76.47%, with a median of 76.52% recorded in 2024.
  • Year-over-year, Gross Margin soared 464 bps in 2022 and plunged 391 bps in 2026.
  • Over 5 years, Gross Margin stood at 75.73% in 2022, then slipped by 1 bps to 74.77% in 2023, then advanced by 3 bps to 77.12% in 2024, then advanced by 4 bps to 80.28% in 2025, then retreated by 3 bps to 78.02% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 78.02% in Q2 2026, 76.76% in Q1 2026, and 80.28% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Johnson & Johnson 641.14 Bn 620.38 Bn 17.26 Bn 68.19%
2 AbbVie 451.04 Bn 444.47 Bn 12.70 Bn 74.74%
3 Merck 357.43 Bn 350.29 Bn 12.21 Bn 73.54%
4 Novartis Ag 266.73 Bn 259.04 Bn 11.24 Bn 78.02%
5 Pfizer 157.52 Bn 145.82 Bn 10.94 Bn 72.78%
6 Sanofi 52.14 Bn 44.76 Bn 10.79 Bn 80.05%
7 Revolution Medicines 42.88 Bn 42.88 Bn - -
8 Incyte 24.70 Bn 20.16 Bn 1.57 Bn 93.73%
9 United Therapeutics 21.47 Bn 18.80 Bn 683.80 Mn 87.30%
10 Neurocrine Biosciences 15.82 Bn 15.43 Bn 935.80 Mn 97.58%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 78.02%
Mar 31, 2026 76.76%
Dec 31, 2025 80.28%
Sep 30, 2025 77.78%
Jun 30, 2025 81.93%
Mar 31, 2025 78.54%
Dec 31, 2024 77.12%
Sep 30, 2024 77.50%
Jun 30, 2024 77.52%
Mar 31, 2024 76.29%
Dec 31, 2023 74.77%
Sep 30, 2023 76.18%
Jun 30, 2023 73.47%
Mar 31, 2023 74.61%
Dec 31, 2022 75.73%
Sep 30, 2022 75.38%
Jun 30, 2022 73.03%
Mar 31, 2022 71.49%
Dec 31, 2021 71.10%
Sep 30, 2021 72.36%