Novartis Ag (NVS) Net Margin (2009 - 2026)
Novartis Ag's (NVS) quarterly Net Margin came in at 22.65% in Q2 2026, down 610.0% year-over-year from 4.44% in Q2 2025, and down 34.31% quarter-over-quarter from 34.48% in Q1 2026.
Analysis
Novartis Ag (NVS) Net Margin (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Net Margin across 18 years of filings, most recently posting 22.65% for Q2 2026.
- In Q2 2026, Net Margin fell 610.0% year-over-year to 22.65%; the TTM figure through Jun 2026 stood at 32.73% (up 113.0% YoY), while the FY2025 annual figure was 25.64%, up 191.0% from the prior year.
- Net Margin came in at 22.65% for Q2 2026 at Novartis Ag, down from 34.48% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 39.39% in Q4 2023 to a low of 13.25% in Q2 2022.
- Average Net Margin over 5 years is 27.47%, with a median of 28.03% recorded in 2024.
- Year-over-year, Net Margin tumbled 4789 bps in 2022 and surged 1651 bps in 2023.
- Over 5 years, Net Margin stood at 22.88% in 2022, then jumped by 72 bps to 39.39% in 2023, then decreased by 21 bps to 31.19% in 2024, then climbed by 20 bps to 37.54% in 2025, then tumbled by 40 bps to 22.65% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 22.65% in Q2 2026, 34.48% in Q1 2026, and 37.54% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 21.86% |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 21.28% |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | -8.05% |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 22.65% |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | -1.58% |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | 2.96% |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 34.98% |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 42.51% |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 15.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.65% |
| Mar 31, 2026 | 34.48% |
| Dec 31, 2025 | 37.54% |
| Sep 30, 2025 | 32.08% |
| Jun 30, 2025 | 28.75% |
| Mar 31, 2025 | 39.33% |
| Dec 31, 2024 | 31.19% |
| Sep 30, 2024 | 27.96% |
| Jun 30, 2024 | 25.94% |
| Mar 31, 2024 | 30.18% |
| Dec 31, 2023 | 39.39% |
| Sep 30, 2023 | 15.63% |
| Jun 30, 2023 | 20.25% |
| Mar 31, 2023 | 28.10% |
| Dec 31, 2022 | 22.88% |
| Sep 30, 2022 | 19.91% |
| Jun 30, 2022 | 13.25% |
| Mar 31, 2022 | 24.89% |
| Dec 31, 2021 | 70.77% |
| Sep 30, 2021 | 28.41% |