NVSNovartis AG

$143.73+20% 1Y

Is it growing?

Good

Operating margin widening (+10.5 points). That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 2 without data
Margin direction+10.5 points operatingSEC EDGAR · Jun 30, 2025

Trailing-twelve-month operating margin, 34.9% now against 24.4% a year earlier.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is NVS growing?

Novartis AG has grown revenue 4.5% a year over three years and 2.3% a year over five, with earnings per share compounding at −4.7%.

+4.5%

Revenue growth, 3-year annual rate · Drug Manufacturers - General median +6.3% · growing slowly · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate
+2.3%

Revenue growth, 5-year rate · +4.5% over three · growth has picked up over the last three years

Earnings per share, 3-year rate
−4.7%

Earnings per share, 3-year rate · revenue +4.5% · earnings lagged revenue: the growth is costing something

Years of annual history on file
11

Years of annual history on file · FY2015 to FY2025, as filed

Details›
Revenue FY2021
$42.8B
Revenue FY2022
$42.2B
Revenue FY2023
$45.4B
Revenue FY2024
$50.3B
Revenue FY2025
$54.5B

Annual income statements as filed with the SEC.