Dec 2025 (Q4 FY25) — Feb 4, 2026
Novartis Q4 FY25 — Achieves 40% Core Margin Two Years Early, Strong Growth Brands
Read the full callNovartis (NVS) earnings
- Dec 2025 (Q4 FY25)
- Dec 2025
Novartis earnings: last reported Wed, 4 Feb 2026, for the quarter ended Dec 2025.
Price
$150.2 −0.28% · −$0.42
Performance +14.3% 1Y
1Y: $131.43 on 17 Oct 2025 → $150.2. High $168.62 (27 Feb 2026), low $121.8 (29 Oct 2025).
- Previous close
- $150.62
- 52-week range
- $121.8 – $168.62
- One year
- +13.97%
Overview
- Symbol
- NVS
- Sector
- Health Care
- Industry
- Pharmaceutical Preparations
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Novartis earnings calls (NVS)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 66,871 | 62,819 | 71,112 | 63,973 | 58,030 | 53,195 | 58,120 | 64,400 |
| Fixed assets | 15,696 | 12,069 | 12,263 | 11,545 | 10,764 | 9,514 | 9,458 | 10,782 |
| Total assets | 145,563 | 118,370 | 127,778 | 131,795 | 117,453 | 99,945 | 102,246 | 110,949 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14,272 | 13,625 | 13,650 | 15,071 | 14,236 | 14,458 | 17,619 | 19,144 |
| Cash from investing | -5,591 | -2,226 | -13,182 | 4,208 | 1,468 | 5,596 | -7,513 | -4,877 |
| Cash from financing | -4,244 | -13,627 | -2,208 | -16,264 | -20,562 | -14,278 | -11,742 | -14,867 |
| Net cash flow | 4,411 | -2,159 | -1,454 | 2,749 | -4,890 | 5,876 | -1,934 | -24 |
| Capital expenditure | -1,254 | -1,379 | -1,275 | -1,066 | -916 | -1,060 | -1,366 | -1,548 |
| Free cash flow | 13,018 | 12,246 | 12,375 | 14,005 | 13,320 | 13,398 | 16,253 | 17,596 |
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of NVS filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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