Novartis Ag (NVSEF) Change in Taxes (2020 - 2026)
Novartis Ag's (NVSEF) quarterly Change in Taxes came in at -$683.0 million in Q1 2026, up 14.41% year-on-year from -$597.0 million in Q1 2025, and up 16.09% quarter-over-quarter from -$814.0 million in Q4 2025.
Novartis Ag (NVSEF) Change in Taxes (2020 - 2026) Analysis & Trends
Novartis Ag has disclosed Change in Taxes across 7 years of filings, most recently posting -$683.0 million for Q1 2026.
- Change in Taxes for Q1 2026 came in at -$683.0 million, up 14.41% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.3 billion (down 10.3% YoY), and the FY2025 annual result was -$814.0 million, changed N/A from the prior year.
- Change in Taxes came in at -$683.0 million for Q1 2026 at Novartis Ag, up from -$814.0 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $261.0 million in Q4 2023 to a low of -$814.0 million in Q4 2025.
- The 5-year median for Change in Taxes is -$403.0 million (2023), against an average of -$389.9 million.
- Across the five-year window, Change in Taxes jumped 202.76% in 2023 and tumbled 412.82% in 2024, its largest moves.
- Novartis Ag's Change in Taxes stood at -$254.0 million in 2022, then surged by 202.76% to $261.0 million in 2023, then slumped by 278.16% to -$465.0 million in 2024, then plunged by 75.05% to -$814.0 million in 2025, then increased by 16.09% to -$683.0 million in 2026.
- The last three Change in Taxes figures came in at -$683.0 million (Q1 2026), -$814.0 million (Q4 2025), and -$266.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Gsk | 93,699,046.73 Bn | 93,699,041.77 Bn | 7.76 Bn | 411.19 Mn |
| 2 | Eli Lilly | 1,012.06 Bn | 1,006.77 Bn | 16.22 Bn | - |
| 3 | Johnson & Johnson | 560.67 Bn | 538.62 Bn | 15.96 Bn | - |
| 4 | AbbVie | 402.20 Bn | 392.85 Bn | 10.78 Bn | -81.00 Mn |
| 5 | Merck | 298.59 Bn | 292.94 Bn | 12.09 Bn | - |
| 6 | Amgen | 188.77 Bn | 176.74 Bn | 5.87 Bn | 71.00 Mn |
| 7 | Gilead Sciences | 160.22 Bn | 152.49 Bn | 5.52 Bn | -29.00 Mn |
| 8 | Pfizer | 148.19 Bn | 135.42 Bn | -1.21 Bn | - |
| 9 | Bristol Myers Squibb | 116.72 Bn | 106.26 Bn | 8.07 Bn | 187.00 Mn |
| 10 | Novartis Ag | - | - | - | -683.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -683.00 Mn |
| Mar 31, 2026 | -683.00 Mn |
| Dec 31, 2025 | -814.00 Mn |
| Dec 31, 2025 | -814.00 Mn |
| Sep 30, 2025 | -266.00 Mn |
| Sep 30, 2025 | -266.00 Mn |
| Jun 30, 2025 | -507.00 Mn |
| Jun 30, 2025 | -507.00 Mn |
| Mar 31, 2025 | -798.00 Mn |
| Mar 31, 2025 | -798.00 Mn |
| Dec 31, 2024 | -465.00 Mn |
| Dec 31, 2024 | -465.00 Mn |
| Sep 30, 2024 | -200.00 Mn |
| Sep 30, 2024 | -200.00 Mn |
| Jun 30, 2024 | -595.00 Mn |
| Jun 30, 2024 | -595.00 Mn |
| Mar 31, 2024 | -441.00 Mn |
| Mar 31, 2024 | -441.00 Mn |
| Dec 31, 2023 | 261.00 Mn |
| Dec 31, 2023 | 261.00 Mn |