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 | ||||||
| Revenue | kr 329,431 | kr 309,064 | kr 290,403 | kr 232,261 | kr 176,954 | kr 140,800 |
| Cost of Revenue | kr 63,750 | kr 58,788 | kr 44,522 | kr 35,765 | kr 28,448 | kr 23,658 |
| Gross Profit | kr 265,681 | kr 250,276 | kr 245,881 | kr 196,496 | kr 148,506 | kr 117,142 |
| Total Operating Expenses | kr 123,584 | kr 122,618 | kr 117,542 | kr 93,922 | kr 73,697 | kr 58,498 |
| Operating Income | kr 142,097 | kr 127,658 | kr 128,339 | kr 102,574 | kr 74,809 | kr 58,644 |
| Non-Operating | ||||||
| Net Interest Expense | – | -kr 4,207 | -kr 1,640 | -kr 542 | -kr 378 | -kr 289 |
| Income Tax Expense | kr 32,306 | kr 28,106 | kr 26,203 | kr 20,991 | kr 13,537 | kr 11,323 |
| Net Income | ||||||
| Net Income | kr 116,443 | kr 102,434 | kr 100,988 | kr 83,683 | kr 55,525 | kr 47,757 |
| Per Share Data | ||||||
| Revenue Per Share | kr 74.27 | kr 69.58 | kr 65.20 | kr 51.81 | kr 39.06 | kr 30.65 |
| EPS (Basic) | kr 26.23 | kr 23.06 | kr 22.67 | kr 18.67 | kr 12.26 | kr 10.40 |
| EPS (Diluted) | kr 26.19 | kr 23.03 | kr 22.63 | kr 18.62 | kr 12.22 | kr 10.37 |
| Shares Outstanding | 4.44B | 4.44B | 4.45B | 4.48B | 4.53B | 4.59B |
| Dividends Per Share | kr 11.70 | kr 11.70 | kr 11.40 | kr 7.90 | kr 6.20 | kr 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.
Peers
Drug Manufacturers - General · Pick stocks to compare with NVO
Held by ETFs
NVO is in 31 US ETFs. The largest of them, with NVO's weight in each:
Dimensional International Core Equity Market ETFDFAI0.02%of the fund
Avantis International Equity Fund Institutional ClassAVDE0.30%of the fund
Fidelity Enhanced International ETFFENI0.01%of the fund
Dimensional International High Profitability ETFDIHP0.00%of the fund
Avantis International Large Cap Value ETFAVIV0.32%of the fund
First Trust WCM International Equity ETFWCMI1.53%of the fund
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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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