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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |