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Novo Nordisk A/S Financials

NVO

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All currency values in kr millions unless otherwise noted

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Income Statement
TTM
DEC 2025
DEC 2024
DEC 2023
DEC 2022
DEC 2021
Revenues
Revenuekr 329,431kr 309,064kr 290,403kr 232,261kr 176,954kr 140,800
Cost of Revenuekr 63,750kr 58,788kr 44,522kr 35,765kr 28,448kr 23,658
Gross Profitkr 265,681kr 250,276kr 245,881kr 196,496kr 148,506kr 117,142
Total Operating Expenseskr 123,584kr 122,618kr 117,542kr 93,922kr 73,697kr 58,498
Operating Incomekr 142,097kr 127,658kr 128,339kr 102,574kr 74,809kr 58,644
Non-Operating
Net Interest Expense–-kr 4,207-kr 1,640-kr 542-kr 378-kr 289
Income Tax Expensekr 32,306kr 28,106kr 26,203kr 20,991kr 13,537kr 11,323
Net Income
Net Incomekr 116,443kr 102,434kr 100,988kr 83,683kr 55,525kr 47,757
Per Share Data
Revenue Per Sharekr 74.27kr 69.58kr 65.20kr 51.81kr 39.06kr 30.65
EPS (Basic)kr 26.23kr 23.06kr 22.67kr 18.67kr 12.26kr 10.40
EPS (Diluted)kr 26.19kr 23.03kr 22.63kr 18.62kr 12.22kr 10.37
Shares Outstanding4.44B4.44B4.45B4.48B4.53B4.59B
Dividends Per Sharekr 11.70kr 11.70kr 11.40kr 7.90kr 6.20kr 5.20

Novo Nordisk A/S (NVO) financials: revenue, profit and margins

Novo Nordisk A/S (NVO) generated about DKK 329.4 billion in revenue and DKK 116.4 billion in net income (a 35.3% net margin) over the trailing twelve months, growing at roughly 21.7% a year. Figures are from company filings; this is analysis, not investment advice.

Frequently asked

What is Novo Nordisk A/S's (NVO) revenue?+

Novo Nordisk A/S generated about DKK 329.4 billion in revenue over the trailing twelve months. Revenue has grown at roughly 21.7% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.

Is Novo Nordisk A/S profitable?+

Yes, Novo Nordisk A/S reported about DKK 116.4 billion in net income over the trailing twelve months, a net profit margin of roughly 35.3%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.

What are Novo Nordisk A/S's profit margins?+

Novo Nordisk A/S runs a gross margin of about 80.6%, an operating margin of about 43.1%, a net margin of about 35.3%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.

How fast is Novo Nordisk A/S growing?+

Novo Nordisk A/S's revenue has compounded at roughly 21.7% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside NVO's margins and free cash flow. This is analysis from company filings, not investment advice.

How the market compares: How many US companies are profitable

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Held by ETFs

NVO is in 31 US ETFs. The largest of them, with NVO's weight in each:

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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