What is the current annual gross margin of NVO?

As of today, NVO annual gross margin is 80.98%

What is 1-year change in NVO annual gross margin?

NVO annual gross margin is down -3.42% year-over-year

What is 3-year change in NVO annual gross margin?

NVO annual gross margin is down -1.84% over the past 3 years

How far is NVO annual gross margin from its all-time high?

NVO annual gross margin is currently -4.22% below its historical high of 84.55% set on December 31, 2015

How does NVO annual gross margin rank versus sector peers?

NVO annual gross margin is higher than 79.19% of companies in Healthcare sector

When is NVO next annual earnings release?

The next annual earnings release for NVO is on February 3, 2027

What is the current quarterly gross margin of NVO?

As of today, NVO quarterly gross margin is 82.10%

What is NVO quarterly gross margin most recent change?

NVO quarterly gross margin was up +4.97% on September 30, 2026

What is 1-year change in NVO quarterly gross margin?

NVO quarterly gross margin is up +7.86% year-over-year

How far is NVO quarterly gross margin from its all-time high?

NVO quarterly gross margin is currently -4.49% below its historical high of 85.96% set on March 31, 2026

How does NVO quarterly gross margin rank versus sector peers?

NVO quarterly gross margin is higher than 79.22% of companies in Healthcare sector

When is NVO next earnings release?

The next earnings release for NVO is on February 3, 2027

NVO Gross Margin History & Chart Since 1980

Annual Gross Margin

80.98%2.87%-3.42%

December 31, 2025

Summary

Current Value: As of today, NVO annual gross margin is 80.98%, down -3.42% on December 31, 2025
Historical Performance: NVO annual gross margin is down -1.84% over the past 3 years, down -1.00% over the past 5 years
All-Time High Comparison: NVO annual gross margin is currently -4.22% below its historical high of 84.55% set on December 31, 2015
3-Year Low Comparison: NVO annual gross margin is at its 3-year low
Sector Comparison: NVO annual gross margin is higher than 79.19% of companies in Healthcare sector

Gross Margin Chart

beforeafter

Performance

NVO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	80.98%	-3.4%	-1.8%	-1.0%	+1.4%
Quarterly Gross Margin	Sep 30, 26	82.10%	+7.9%	-1.6%	-1.1%	+2.2%
Price	Nov 6, 26	$40.31	-13.3%	-60.1%	-28.9%	+268.4%
PE Ratio	Nov 6, 26	10.15	-25.0%	-75.8%	-71.3%	-50.7%
Annual Revenue	Dec 31, 25	$46.74B	+11.0%	+87.0%	+140.8%	+332.8%
Annual Gross Profit	Dec 31, 25	$37.85B	+7.2%	+83.5%	+138.3%	+338.9%
Annual Operating Margin	Dec 31, 25	41.40%	-13.8%	-1.6%	-2.9%	+37.5%
Annual Net Margin	Dec 31, 25	33.14%	-4.7%	+5.6%	-0.1%	+39.8%

Gross Margin Highs

NVO Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	83.85%	Dec 31, 24	-3.4%
5Y	83.85%	Dec 31, 24	-3.4%
All	84.55%	Dec 31, 15	-4.2%

Gross Margin Lows

NVO Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	80.98%	Dec 31, 25	at low
5Y	80.98%	Dec 31, 25	at low
All	10.13%	Dec 31, 87	+699.4%

Gross Margin History

Year	Value	Change
2025	80.98%	-3.4%
2024	83.85%	+0.7%
2023	83.29%	+1.0%
2022	82.50%	+0.6%
2021	82.04%	+0.3%
2020	81.80%	-1.0%
2019	82.63%	-0.6%
2018	83.09%	-0.7%
2017	83.69%	-0.6%
2016	84.17%	-0.4%
2015	84.55%	+1.9%
2014	82.98%	+0.7%
2013	82.39%	+0.5%
2012	82.00%	+2.4%
2011	80.11%	+0.3%
2010	79.85%	+1.5%
2009	78.68%	+2.1%
2008	77.05%	+1.9%
2007	75.58%	+1.4%
2006	74.53%	+3.3%
2005	72.12%	-0.5%
2004	72.45%	+2.6%
2003	70.62%	-1.9%

Year	Value	Change
2002	71.99%	-2.0%
2001	73.48%	-0.7%
2000	73.99%	+10.7%
1999	66.81%	+4.2%
1998	64.11%	+1.7%
1997	63.02%	+1.1%
1996	62.34%	+2.0%
1995	61.14%	+1.3%
1994	60.36%	+112.8%
1993	28.36%	-2.7%
1992	29.15%	+2.0%
1991	28.58%	+12.2%
1990	25.47%	+0.1%
1989	25.44%	-2.5%
1988	26.10%	+157.7%
1987	10.13%	-30.9%
1986	14.66%	-11.6%
1985	16.59%	-20.1%
1984	20.77%	-17.2%
1983	25.08%	+19.4%
1982	21.01%	-2.6%
1981	21.57%	+12.6%
1980	19.16%	-

FAQ

What is the current annual gross margin of NVO?: As of today, NVO annual gross margin is 80.98%
What is 1-year change in NVO annual gross margin?: NVO annual gross margin is down -3.42% year-over-year
What is 3-year change in NVO annual gross margin?: NVO annual gross margin is down -1.84% over the past 3 years
How far is NVO annual gross margin from its all-time high?: NVO annual gross margin is currently -4.22% below its historical high of 84.55% set on December 31, 2015
How does NVO annual gross margin rank versus sector peers?: NVO annual gross margin is higher than 79.19% of companies in Healthcare sector
When is NVO next annual earnings release?: The next annual earnings release for NVO is on February 3, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

82.10%3.89%+4.97%

September 30, 2026

Summary

Current Value: As of today, NVO quarterly gross margin is 82.10%, up +4.97% on September 30, 2026
Historical Performance: NVO quarterly gross margin is up +7.86% year-over-year, down -1.63% over the past 3 years
All-Time High Comparison: NVO quarterly gross margin is currently -4.49% below its historical high of 85.96% set on March 31, 2026
3-Year Low Comparison: NVO quarterly gross margin is +7.86% above its 3-year low of 76.12% reached on September 30, 2025
Sector Comparison: NVO quarterly gross margin is higher than 79.22% of companies in Healthcare sector

Performance

NVO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	82.10%	+5.0%	+7.9%	-1.6%	-1.1%
Annual Gross Margin	Dec 31, 25	80.98%	–	-3.4%	-1.8%	-1.0%
Price	Nov 6, 26	$40.31	-12.3%	-13.3%	-60.1%	-28.9%
PE Ratio	Nov 6, 26	10.15	-9.6%	-25.0%	-75.8%	-71.3%
Quarterly Revenue	Sep 30, 26	$12.19B	-0.2%	+3.8%	+42.2%	+115.9%
Quarterly Gross Profit	Sep 30, 26	$10.01B	+4.8%	+12.0%	+39.9%	+113.6%
Quarterly Operating Margin	Sep 30, 26	44.92%	+3.7%	+41.5%	-1.6%	+5.5%
Quarterly Net Margin	Sep 30, 26	21.14%	-20.9%	-20.8%	-44.8%	-37.9%

Quarterly Gross Margin Highs

NVO Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	85.96%	Mar 31, 26	-4.5%
3Y	85.96%	Mar 31, 26	-4.5%
5Y	85.96%	Mar 31, 26	-4.5%
All	85.96%	Mar 31, 26	-4.5%

Quarterly Gross Margin Lows

NVO Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	76.12%	N/A	+7.9%
3Y	76.12%	Sep 30, 25	+7.9%
5Y	76.12%	Sep 30, 25	+7.9%
All	0.00%	Mar 31, 99	N/A

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	82.10%	+5.0%
Jun 2026	78.21%	-9.0%
Mar 2026	85.96%	+6.3%
Dec 2025	80.86%	+6.2%
Sep 2025	76.12%	-8.6%
Jun 2025	83.29%	-0.2%
Mar 2025	83.49%	-1.5%
Dec 2024	84.80%	+0.8%
Sep 2024	84.14%	-0.9%
Jun 2024	84.90%	+0.1%
Mar 2024	84.83%	+0.0%
Dec 2023	84.80%	+1.6%
Sep 2023	83.46%	-2.4%
Jun 2023	85.53%	+1.0%
Mar 2023	84.67%	+2.2%
Dec 2022	82.82%	-1.6%
Sep 2022	84.20%	-1.3%
Jun 2022	85.29%	+2.1%
Mar 2022	83.54%	-0.2%
Dec 2021	83.72%	+0.9%
Sep 2021	82.99%	-0.3%
Jun 2021	83.21%	+0.5%
Mar 2021	82.81%	+0.4%
Dec 2020	82.52%	-1.0%
Sep 2020	83.33%	-0.9%
Jun 2020	84.10%	0.0%
Mar 2020	84.10%	+1.0%
Dec 2019	83.24%	0.0%
Sep 2019	83.24%	-0.7%
Jun 2019	83.86%	+0.0%
Mar 2019	83.84%	-0.6%
Dec 2018	84.35%	+0.3%
Sep 2018	84.10%	-0.0%
Jun 2018	84.12%	-0.4%
Mar 2018	84.42%	+1.5%
Dec 2017	83.21%	-0.9%
Sep 2017	83.95%	-0.8%
Jun 2017	84.60%	-0.5%
Mar 2017	85.06%	+2.0%
Dec 2016	83.37%	-2.5%
Sep 2016	85.52%	+0.3%
Jun 2016	85.27%	+1.0%
Mar 2016	84.44%	+0.5%
Dec 2015	84.04%	-1.9%
Sep 2015	85.64%	-0.1%
Jun 2015	85.74%	+1.3%
Mar 2015	84.63%	+1.1%
Dec 2014	83.73%	-1.0%
Sep 2014	84.60%	+1.9%
Jun 2014	83.03%	+0.1%
Mar 2014	82.96%	-1.6%
Dec 2013	84.33%	+1.8%
Sep 2013	82.81%	-0.4%
Jun 2013	83.13%	+1.5%

Month	Value	Change
Mar 2013	81.94%	-3.6%
Dec 2012	84.96%	+3.1%
Sep 2012	82.44%	+0.0%
Jun 2012	82.41%	+2.0%
Mar 2012	80.83%	-2.3%
Dec 2011	82.77%	+3.0%
Sep 2011	80.34%	-0.4%
Jun 2011	80.63%	+0.6%
Mar 2011	80.14%	-0.9%
Dec 2010	80.87%	-0.4%
Sep 2010	81.16%	+0.6%
Jun 2010	80.71%	+0.5%
Mar 2010	80.33%	+0.6%
Dec 2009	79.83%	+1.6%
Sep 2009	78.55%	-1.7%
Jun 2009	79.92%	-0.0%
Mar 2009	79.93%	+0.1%
Dec 2008	79.85%	+3.9%
Sep 2008	76.83%	-0.2%
Jun 2008	77.01%	-0.3%
Mar 2008	77.27%	+1.4%
Dec 2007	76.24%	+0.2%
Sep 2007	76.07%	-2.1%
Jun 2007	77.68%	+1.7%
Mar 2007	76.37%	+1.3%
Dec 2006	75.39%	-0.3%
Sep 2006	75.61%	-1.6%
Jun 2006	76.85%	+5.3%
Mar 2006	73.00%	-0.3%
Dec 2005	73.22%	+0.1%
Sep 2005	73.18%	-0.2%
Jun 2005	73.32%	+2.9%
Mar 2005	71.27%	-2.1%
Dec 2004	72.80%	+1.4%
Sep 2004	71.79%	-1.5%
Jun 2004	72.85%	+1.8%
Mar 2004	71.54%	+14.4%
Dec 2003	62.54%	-7.1%
Sep 2003	67.34%	+1.0%
Jun 2003	66.68%	-1.0%
Mar 2003	67.33%	+2.2%
Dec 2002	65.89%	-4.6%
Sep 2002	69.09%	-1.0%
Jun 2002	69.80%	+1.4%
Mar 2002	68.87%	>+9,900.0%
Dec 2001	0.00%	0.0%
Sep 2001	0.00%	0.0%
Jun 2001	0.00%	0.0%
Mar 2001	0.00%	0.0%
Dec 2000	0.00%	0.0%
Mar 2000	0.00%	0.0%
Jun 1999	0.00%	0.0%
Mar 1999	0.00%	-

FAQ

What is the current quarterly gross margin of NVO?: As of today, NVO quarterly gross margin is 82.10%
What is NVO quarterly gross margin most recent change?: NVO quarterly gross margin was up +4.97% on September 30, 2026
What is 1-year change in NVO quarterly gross margin?: NVO quarterly gross margin is up +7.86% year-over-year
How far is NVO quarterly gross margin from its all-time high?: NVO quarterly gross margin is currently -4.49% below its historical high of 85.96% set on March 31, 2026
How does NVO quarterly gross margin rank versus sector peers?: NVO quarterly gross margin is higher than 79.22% of companies in Healthcare sector
When is NVO next earnings release?: The next earnings release for NVO is on February 3, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NVO Official Website www.novonordisk.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/353278/000035327826000012/0000353278-26-000012-index.htm
NVO Profile on Yahoo Finance finance.yahoo.com/quote/NVO
NVO Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nvo