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

Novartis Ag (NVS) Tax Rate (2009 - 2026)

Novartis Ag's (NVS) quarterly Tax Rate came in at 23.71% in Q2 2026, down 1252.0% year-over-year from 2.06% in Q2 2025, and down 33.25% quarter-over-quarter from 17.79% in Q1 2026.

Analysis

Novartis Ag (NVS) Tax Rate (2009 - 2026) Analysis & Trends

Novartis Ag has disclosed Tax Rate across 18 years of filings, most recently posting 23.71% for Q2 2026.

  • In Q2 2026, Tax Rate fell 1252.0% year-over-year to 23.71%; the TTM figure through Jun 2026 stood at 15.38% (down 329.0% YoY), while the FY2025 annual figure was 14.59%, down 211.0% from the prior year.
  • Tax Rate came in at 23.71% for Q2 2026 at Novartis Ag, down from 17.79% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 2.51% in Q3 2023 to a low of 23.71% in Q2 2026.
  • Average Tax Rate over 5 years is 13.84%, with a median of 14.88% recorded in 2023.
  • Year-over-year, Tax Rate jumped 1368 bps in 2023 and slumped 1252 bps in 2026.
  • Over 5 years, Tax Rate stood at 15.58% in 2022, then advanced by 23 bps to 12.04% in 2023, then increased by 1 bps to 11.94% in 2024, then decreased by 22 bps to 14.6% in 2025, then plunged by 62 bps to 23.71% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 23.71% in Q2 2026, 17.79% in Q1 2026, and 14.6% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Johnson & Johnson 641.14 Bn 620.38 Bn 17.26 Bn 17.98%
2 AbbVie 451.04 Bn 444.47 Bn 12.70 Bn 15.47%
3 Merck 357.43 Bn 350.29 Bn 12.21 Bn -95.75%
4 Novartis Ag 266.73 Bn 259.04 Bn 11.24 Bn -23.71%
5 Pfizer 157.52 Bn 145.82 Bn 10.94 Bn 62.33%
6 Sanofi 52.14 Bn 44.76 Bn 10.79 Bn -31.96%
7 Revolution Medicines 42.88 Bn 42.88 Bn - -
8 Incyte 24.70 Bn 20.16 Bn 1.57 Bn 22.08%
9 United Therapeutics 21.47 Bn 18.80 Bn 683.80 Mn 10.65%
10 Neurocrine Biosciences 15.82 Bn 15.43 Bn 935.80 Mn 10.97%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -23.71%
Mar 31, 2026 -17.79%
Dec 31, 2025 -14.60%
Sep 30, 2025 -6.34%
Jun 30, 2025 -11.19%
Mar 31, 2025 -18.11%
Dec 31, 2024 -11.94%
Sep 30, 2024 -5.91%
Jun 30, 2024 -15.49%
Mar 31, 2024 -14.09%
Dec 31, 2023 -12.04%
Sep 30, 2023 -2.51%
Jun 30, 2023 -15.07%
Mar 31, 2023 -14.68%
Dec 31, 2022 -15.58%
Sep 30, 2022 -16.19%
Jun 30, 2022 -16.99%
Mar 31, 2022 -16.86%
Dec 31, 2021 -5.91%
Sep 30, 2021 -14.61%