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