Income Statement - NOVO NORDISK A S (NVO)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 309.06 | 290.40 | 232.26 | 176.95 | 140.80 | 126.95 | 122.02 | 111.83 | 111.70 | 111.78 | 107.93 | 88.81 | 83.57 | 78.03 | 66.35 | 60.78 | 51.08 | 45.67 | 41.89 | 38.75 |
| Cost of revenue | 58.79 | 44.52 | 35.77 | 28.45 | 23.66 | 20.93 | 20.09 | 17.62 | 17.63 | 17.18 | 16.19 | 14.56 | 14.14 | 13.47 | 12.59 | 11.68 | 10.44 | 10.13 | 9.80 | 9.59 |
| Gross profit | 250.28 | 245.88 | 196.50 | 148.51 | 117.14 | 106.01 | 101.93 | 94.21 | 94.06 | 94.60 | 91.74 | 74.24 | 69.43 | 64.56 | 53.76 | 49.10 | 40.64 | 35.53 | 32.09 | 29.16 |
| Total operating expenses | 122.62 | 117.54 | 93.92 | 73.70 | 58.50 | 51.89 | 49.45 | 46.97 | 45.10 | 46.17 | 42.30 | 39.75 | 37.94 | 35.09 | 31.38 | 30.21 | 25.71 | 23.13 | 23.13 | 20.04 |
| Operating income | 127.66 | 128.34 | 102.57 | 74.81 | 58.64 | 54.13 | 52.48 | 47.25 | 48.97 | 48.43 | 49.44 | 34.49 | 31.49 | 29.47 | 22.37 | 18.89 | 14.93 | 12.40 | 8.95 | 9.12 |
| Non-operating income (net) | 2.88 | -1.15 | 2.10 | -5.75 | 0.44 | -1.00 | -3.93 | 0.37 | -0.29 | -0.63 | -5.96 | -0.40 | 1.05 | -1.66 | -0.45 | -0.61 | -0.95 | 0.32 | 2.03 | 0.05 |
| Income before tax | 130.54 | 127.19 | 104.67 | 69.06 | 59.08 | 53.13 | 48.55 | 47.62 | 48.68 | 47.80 | 43.48 | 34.10 | 32.54 | 27.81 | 21.93 | 18.29 | 13.99 | 12.73 | 10.98 | 9.17 |
| Income tax expense | 28.11 | 26.20 | 20.99 | 13.54 | 11.32 | 10.99 | 9.60 | 8.99 | 10.55 | 9.87 | 8.62 | 7.62 | 7.36 | 6.38 | 4.83 | 3.88 | 3.22 | 3.06 | 2.45 | 2.71 |
| Net income | 102.43 | 100.99 | 83.68 | 55.53 | 47.76 | 42.14 | 38.95 | 38.63 | 38.13 | 37.93 | 34.86 | 26.48 | 25.18 | 21.43 | 17.10 | 14.40 | 10.77 | 9.67 | 8.54 | 6.45 |
Show Quarterly Income Statement
Income Statement - NOVO NORDISK A S (NVO)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 96.82 | 79.14 | 74.98 | 76.86 | 78.09 | 85.68 | 71.31 | 68.06 | 65.35 | 65.86 | 58.73 | 54.30 | 53.37 | 48.09 | 45.57 | 41.27 | 42.03 | 38.33 | 35.62 | 33.04 | 33.80 | 32.14 | 30.93 | 30.01 | 33.88 | 32.42 | 30.28 | 30.04 | 29.29 | 29.73 | 27.76 | 27.41 | 26.93 | 27.99 | 26.61 | 28.64 | 28.45 | 29.57 | 27.54 | 27.46 | 27.21 | 28.88 | 26.79 | 27.06 | 25.20 | 24.59 | 22.25 | 21.63 | 20.34 | 21.70 | 20.51 | 21.38 | 19.98 | 20.96 | 19.85 | 19.47 | 17.75 | 18.12 | 16.53 | 16.00 | 15.69 | 16.12 | 15.58 | 15.39 | 13.67 | 13.06 | 12.52 | 13.00 | 12.50 | 12.72 | 11.25 | 11.11 | 10.61 | 11.02 | 10.50 | 10.57 | 9.82 | 10.48 | 9.59 | 9.73 | 8.95 |
| Cost of revenue | 13.60 | 15.15 | 17.90 | 12.85 | 12.89 | 13.02 | 11.31 | 10.27 | 9.92 | 10.01 | 9.71 | 7.86 | 8.18 | 8.26 | 7.20 | 6.07 | 6.92 | 6.24 | 6.06 | 5.55 | 5.81 | 5.62 | 5.16 | 4.77 | 5.39 | 5.43 | 5.08 | 4.85 | 4.73 | 4.65 | 4.42 | 4.35 | 4.20 | 4.70 | 4.27 | 4.41 | 4.25 | 4.92 | 3.99 | 4.05 | 4.23 | 4.61 | 3.85 | 3.86 | 3.87 | 4.00 | 3.43 | 3.67 | 3.47 | 3.40 | 3.53 | 3.61 | 3.61 | 3.15 | 3.49 | 3.42 | 3.40 | 3.12 | 3.25 | 3.10 | 3.12 | 3.09 | 2.94 | 2.97 | 2.69 | 2.64 | 2.69 | 2.61 | 2.51 | 2.56 | 2.61 | 2.55 | 2.41 | 2.61 | 2.51 | 2.36 | 2.32 | 2.58 | 2.34 | 2.25 | 2.41 |
| Gross profit | 83.23 | 64.00 | 57.07 | 64.01 | 65.20 | 72.66 | 60.00 | 57.79 | 55.43 | 55.85 | 49.02 | 46.44 | 45.19 | 39.83 | 38.37 | 35.20 | 35.11 | 32.09 | 29.56 | 27.49 | 27.99 | 26.52 | 25.77 | 25.23 | 28.49 | 26.99 | 25.20 | 25.19 | 24.56 | 25.08 | 23.35 | 23.06 | 22.73 | 23.29 | 22.34 | 24.23 | 24.20 | 24.65 | 23.55 | 23.41 | 22.98 | 24.27 | 22.95 | 23.20 | 21.33 | 20.59 | 18.82 | 17.96 | 16.88 | 18.30 | 16.99 | 17.77 | 16.37 | 17.81 | 16.36 | 16.04 | 14.35 | 15.00 | 13.28 | 12.90 | 12.58 | 13.04 | 12.65 | 12.43 | 10.98 | 10.43 | 9.83 | 10.39 | 9.99 | 10.16 | 8.64 | 8.56 | 8.20 | 8.40 | 7.99 | 8.21 | 7.50 | 7.90 | 7.25 | 7.48 | 6.54 |
| Total operating expenses | 23.61 | 32.26 | 33.39 | 30.56 | 26.41 | 35.92 | 26.18 | 31.85 | 23.59 | 29.08 | 22.11 | 22.56 | 20.18 | 22.74 | 18.18 | 16.81 | 15.97 | 18.46 | 14.31 | 12.72 | 13.01 | 15.34 | 12.96 | 11.40 | 12.19 | 15.11 | 12.28 | 11.74 | 10.32 | 14.30 | 11.53 | 10.85 | 10.29 | 13.25 | 10.30 | 10.84 | 10.71 | 13.45 | 11.13 | 10.92 | 10.67 | 13.14 | 10.97 | 10.72 | 7.47 | 11.43 | 10.25 | 9.23 | 8.84 | 10.94 | 8.99 | 9.19 | 8.81 | 10.24 | 8.50 | 8.39 | 7.96 | 8.92 | 7.67 | 7.64 | 7.16 | 8.70 | 7.52 | 7.38 | 6.60 | 7.21 | 6.02 | 6.30 | 6.18 | 6.75 | 5.32 | 5.71 | 5.37 | 7.26 | 5.31 | 5.40 | 5.17 | 5.80 | 4.74 | 4.85 | 4.65 |
| Operating income | 59.62 | 31.74 | 23.68 | 33.45 | 38.79 | 36.74 | 33.82 | 25.93 | 31.85 | 26.77 | 26.91 | 23.89 | 25.01 | 17.09 | 20.18 | 18.39 | 19.15 | 13.63 | 15.25 | 14.78 | 14.98 | 11.18 | 12.81 | 13.84 | 16.30 | 11.87 | 12.92 | 13.45 | 14.24 | 10.78 | 11.81 | 12.20 | 12.45 | 10.05 | 12.04 | 13.39 | 13.49 | 11.21 | 12.42 | 12.50 | 12.31 | 11.13 | 11.98 | 12.48 | 13.86 | 9.16 | 8.57 | 8.73 | 8.03 | 7.35 | 7.99 | 8.59 | 7.56 | 7.57 | 7.86 | 7.65 | 6.39 | 6.08 | 5.61 | 5.27 | 5.42 | 4.34 | 5.12 | 5.04 | 4.38 | 3.22 | 3.81 | 4.09 | 3.81 | 3.41 | 3.32 | 2.85 | 2.83 | 1.14 | 2.68 | 2.81 | 2.33 | 2.10 | 2.51 | 2.63 | 1.88 |
| Non-operating income (net) | 2.55 | 2.45 | 1.84 | 0.36 | -1.76 | -1.18 | 0.56 | -0.60 | 0.07 | 0.85 | 1.15 | 0.37 | -0.27 | -0.77 | -2.15 | -1.60 | -1.23 | -0.52 | -0.14 | 0.14 | 0.96 | 0.82 | -0.12 | -0.42 | -1.28 | -0.79 | -0.81 | -1.31 | -1.02 | -0.41 | -0.68 | 0.29 | 1.16 | 0.52 | 0.42 | -0.74 | -0.49 | -0.26 | -0.12 | 0.11 | -0.36 | -0.81 | -1.84 | -1.93 | -1.37 | -0.81 | -0.12 | 0.26 | 0.27 | 0.44 | 0.31 | 0.10 | 0.21 | -0.12 | -0.51 | -0.71 | -0.33 | -0.27 | -0.15 | 0.10 | -0.13 | 0.36 | -0.47 | -0.43 | -0.07 | -0.23 | -0.21 | -0.21 | -0.31 | -0.30 | 0.18 | 0.40 | 0.04 | 0.22 | 0.18 | 1.58 | 0.04 | 0.30 | 0.03 | -0.14 | -0.15 |
| Income before tax | 62.17 | 34.19 | 25.52 | 33.81 | 37.03 | 35.56 | 34.38 | 25.33 | 31.92 | 27.62 | 28.06 | 24.25 | 24.74 | 16.32 | 18.03 | 16.80 | 17.92 | 13.11 | 15.11 | 14.92 | 15.94 | 12.00 | 12.69 | 13.42 | 15.02 | 11.08 | 12.11 | 12.15 | 13.22 | 10.37 | 11.14 | 12.50 | 13.61 | 10.57 | 12.46 | 12.64 | 13.00 | 10.94 | 12.30 | 12.60 | 11.95 | 10.31 | 10.14 | 10.55 | 12.49 | 8.35 | 8.45 | 8.99 | 8.30 | 7.79 | 8.30 | 8.68 | 7.77 | 7.45 | 7.36 | 6.94 | 6.06 | 5.81 | 5.46 | 5.37 | 5.29 | 4.71 | 4.66 | 4.61 | 4.32 | 2.99 | 3.61 | 3.88 | 3.51 | 3.11 | 3.51 | 3.25 | 2.87 | 1.36 | 2.86 | 4.40 | 2.37 | 2.41 | 2.54 | 2.49 | 1.73 |
| Income tax expense | 13.62 | 7.29 | 5.51 | 7.30 | 8.00 | 7.33 | 7.08 | 5.28 | 6.51 | 5.66 | 5.59 | 4.83 | 4.92 | 2.72 | 3.63 | 3.48 | 3.71 | 2.22 | 2.99 | 2.79 | 3.32 | 2.68 | 2.39 | 2.79 | 3.12 | 2.36 | 1.91 | 2.55 | 2.78 | 1.87 | 2.10 | 2.16 | 2.86 | 2.32 | 2.69 | 2.69 | 2.85 | 2.24 | 2.50 | 2.63 | 2.50 | 2.06 | 1.75 | 2.21 | 2.61 | 1.82 | 1.95 | 2.00 | 1.84 | 1.74 | 1.88 | 1.95 | 1.79 | 1.70 | 1.69 | 1.60 | 1.39 | 1.12 | 1.26 | 1.23 | 1.22 | 0.76 | 1.07 | 1.06 | 0.99 | 0.67 | 0.85 | 0.89 | 0.81 | 0.75 | 0.84 | 0.78 | 0.69 | 0.38 | 0.67 | 0.74 | 0.66 | 0.68 | 0.76 | 0.75 | 0.52 |
| Net income | 48.56 | 26.89 | 20.01 | 26.50 | 29.03 | 28.23 | 27.30 | 20.05 | 25.41 | 21.96 | 22.48 | 19.43 | 19.81 | 13.59 | 14.41 | 13.32 | 14.21 | 10.89 | 12.12 | 12.12 | 12.62 | 9.32 | 10.30 | 10.63 | 11.90 | 8.72 | 10.19 | 9.60 | 10.45 | 8.50 | 9.04 | 10.34 | 10.75 | 8.25 | 9.77 | 9.95 | 10.16 | 8.70 | 9.80 | 9.97 | 9.46 | 8.26 | 8.38 | 8.34 | 9.88 | 6.53 | 6.50 | 6.99 | 6.46 | 6.05 | 6.42 | 6.73 | 5.98 | 5.76 | 5.67 | 5.35 | 4.66 | 4.69 | 4.20 | 4.13 | 4.07 | 3.95 | 3.59 | 3.55 | 3.32 | 2.32 | 2.76 | 2.99 | 2.70 | 2.36 | 2.66 | 2.47 | 2.18 | 0.99 | 2.18 | 3.65 | 1.71 | 1.72 | 1.78 | 1.75 | 1.21 |