Novartis Ag (NVS) Operating Expenses (2009 - 2026)
Novartis Ag (NVS) reported Operating Expenses of -$6.09 billion for Q2 2026, compared with -$6.17 billion a year earlier.
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Analysis
Novartis Ag (NVS) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Novartis Ag's Operating Expenses came in at -$24.28 billion; for FY2025, it came in at -$24.45 billion.
- By year, Operating Expenses came in at -$22.59 billion in FY2024, -$23.89 billion in FY2023, -$22.57 billion in FY2022 and -$22.68 billion in FY2021.
- Five-year quarterly Operating Expenses spans a low of -$7.02 billion in Q3 2023 and a high of -$5.26 billion in Q1 2024.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$5.88 billion (Q1 2026), -$6.06 billion (Q4 2025) and -$6.25 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Bristol Myers Squibb | 128.45 Bn | 79.72 Bn | 9.25 Bn | 8.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.09 Bn |
| Mar 31, 2026 | -5.88 Bn |
| Dec 31, 2025 | -6.06 Bn |
| Sep 30, 2025 | -6.25 Bn |
| Jun 30, 2025 | -6.17 Bn |
| Mar 31, 2025 | -5.42 Bn |
| Dec 31, 2024 | -5.86 Bn |
| Sep 30, 2024 | -5.53 Bn |
| Jun 30, 2024 | -5.46 Bn |
| Mar 31, 2024 | -5.26 Bn |
| Dec 31, 2023 | -6.01 Bn |
| Sep 30, 2023 | -7.02 Bn |
| Jun 30, 2023 | -5.40 Bn |
| Mar 31, 2023 | -5.47 Bn |
| Dec 31, 2022 | -5.40 Bn |
| Sep 30, 2022 | -5.48 Bn |
| Jun 30, 2022 | -6.08 Bn |
| Mar 31, 2022 | -5.83 Bn |
| Dec 31, 2021 | -6.39 Bn |
| Sep 30, 2021 | -6.00 Bn |
API Access
Novartis Ag Operating Expenses 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=operating-expenses&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();