What is the current annual net margin of NVO?

As of today, NVO annual net margin is 33.14%

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

NVO annual net margin is down -4.72% year-over-year

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

NVO annual net margin is up +5.61% over the past 3 years

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

NVO annual net margin is currently -8.02% below its historical high of 36.03% set on December 31, 2023

How does NVO annual net margin rank versus sector peers?

NVO annual net margin is higher than 97.52% of companies in Healthcare sector

When is NVO next annual earnings release?

As of today, the next annual earnings release for NVO has not been scheduled

What is the current quarterly net margin of NVO?

As of today, NVO quarterly net margin is 50.15%

What is NVO quarterly net margin most recent change?

NVO quarterly net margin was up +47.59% on March 31, 2026

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

NVO quarterly net margin is up +34.88% year-over-year

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

NVO quarterly net margin is currently -49.03% below its historical high of 98.39% set on December 31, 1998

How does NVO quarterly net margin rank versus sector peers?

NVO quarterly net margin is higher than 99.00% of companies in Healthcare sector

When is NVO next earnings release?

The next earnings release for NVO is on August 5, 2026

NVO Net Margin History & Chart Since 1980

Annual Net Margin

33.14%1.64%-4.72%

December 31, 2025

Summary

Current Value: As of today, NVO annual net margin is 33.14%, down -4.72% on December 31, 2025
Historical Performance: NVO annual net margin is up +5.61% over the past 3 years, down -0.15% over the past 5 years
All-Time High Comparison: NVO annual net margin is currently -8.02% below its historical high of 36.03% set on December 31, 2023
3-Year Low Comparison: NVO annual net margin is +5.61% above its 3-year low of 31.38% reached on an earlier date
Sector Comparison: NVO annual net margin is higher than 97.52% of companies in Healthcare sector

Net Margin Chart

Performance

NVO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	33.14%	-4.7%	+5.6%	-0.1%	+39.8%
Quarterly Net Margin	Mar 31, 26	50.15%	+34.9%	+35.1%	+34.3%	+93.3%
Price	May 29, 26	$45.58	-34.4%	-44.1%	+15.5%	+266.4%
PE Ratio	May 29, 26	10.70	-48.0%	-75.1%	-60.9%	-60.3%
Annual Revenue	Dec 31, 25	$46.74B	+11.0%	+87.0%	+140.8%	+332.8%
Annual Net Income	Dec 31, 25	$15.49B	+5.8%	+97.5%	+140.4%	+505.3%
Annual Gross Margin	Dec 31, 25	80.98%	-3.4%	-1.8%	-1.0%	+1.4%
Annual Operating Margin	Dec 31, 25	41.40%	-13.8%	-1.6%	-2.9%	+37.5%

Net Margin Highs

NVO Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	36.03%	Dec 31, 23	-8.0%
5Y	36.03%	Dec 31, 23	-8.0%
All	36.03%	Dec 31, 23	-8.0%

Net Margin Lows

NVO Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	31.38%	N/A	+5.6%
5Y	31.38%	Dec 31, 22	+5.6%
All	9.35%	Dec 31, 90	+254.4%

Net Margin History

Year	Value	Change
2025	33.14%	-4.7%
2024	34.78%	-3.5%
2023	36.03%	+14.8%
2022	31.38%	-7.5%
2021	33.92%	+2.2%
2020	33.19%	+4.0%
2019	31.92%	-7.6%
2018	34.54%	+1.2%
2017	34.14%	+0.6%
2016	33.93%	+5.0%
2015	32.30%	+8.3%
2014	29.82%	-1.0%
2013	30.13%	+9.7%
2012	27.47%	+6.6%
2011	25.77%	+8.7%
2010	23.70%	+12.4%
2009	21.08%	-0.4%
2008	21.17%	+3.9%
2007	20.37%	+22.3%
2006	16.65%	-4.1%
2005	17.37%	+0.6%
2004	17.27%	-5.6%
2003	18.30%	+12.5%

Year	Value	Change
2002	16.26%	0.0%
2001	16.26%	+9.6%
2000	14.83%	+28.7%
1999	11.52%	-14.2%
1998	13.42%	+2.8%
1997	13.06%	+8.1%
1996	12.08%	+6.1%
1995	11.39%	+7.6%
1994	10.59%	-8.3%
1993	11.55%	-2.3%
1992	11.82%	+20.2%
1991	9.83%	+5.1%
1990	9.35%	-7.3%
1989	10.09%	-16.7%
1988	12.12%	+23.3%
1987	9.83%	-20.1%
1986	12.31%	-16.3%
1985	14.70%	-19.2%
1984	18.20%	-10.9%
1983	20.43%	-0.9%
1982	20.62%	+35.0%
1981	15.27%	+37.0%
1980	11.15%	-

FAQ

What is the current annual net margin of NVO?
As of today, NVO annual net margin is 33.14%
What is 1-year change in NVO annual net margin?
NVO annual net margin is down -4.72% year-over-year
What is 3-year change in NVO annual net margin?
NVO annual net margin is up +5.61% over the past 3 years
How far is NVO annual net margin from its all-time high?
NVO annual net margin is currently -8.02% below its historical high of 36.03% set on December 31, 2023
How does NVO annual net margin rank versus sector peers?
NVO annual net margin is higher than 97.52% of companies in Healthcare sector
When is NVO next annual earnings release?
As of today, the next annual earnings release for NVO has not been scheduled

Quarterly Net Margin

50.15%16.17%+47.59%

March 31, 2026

Summary

Current Value: As of today, NVO quarterly net margin is 50.15%, up +47.59% on March 31, 2026
Historical Performance: NVO quarterly net margin is up +34.88% year-over-year, up +35.07% over the past 3 years
All-Time High Comparison: NVO quarterly net margin is currently -49.03% below its historical high of 98.39% set on December 31, 1998
3-Year Low Comparison: NVO quarterly net margin is +87.97% above its 3-year low of 26.68% reached on September 30, 2025
Sector Comparison: NVO quarterly net margin is higher than 99.00% of companies in Healthcare sector

Performance

NVO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Mar 31, 26	50.15%	+47.6%	+34.9%	+35.1%	+34.3%
Annual Net Margin	Dec 31, 25	33.14%	–	-4.7%	+5.6%	-0.1%
Price	May 29, 26	$45.58	+21.7%	-34.4%	-44.1%	+15.5%
PE Ratio	May 29, 26	10.70	-0.7%	-48.0%	-75.1%	-60.9%
Quarterly Revenue	Mar 31, 26	$15.16B	+22.9%	+37.6%	+97.1%	+176.9%
Quarterly Net Income	Mar 31, 26	$7.60B	+81.4%	+85.6%	+166.2%	+271.9%
Quarterly Gross Margin	Mar 31, 26	85.96%	+6.3%	+3.0%	+1.5%	+3.8%
Quarterly Operating Margin	Mar 31, 26	61.71%	+53.0%	+24.0%	+31.9%	+40.4%

Quarterly Net Margin Highs

NVO Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	50.15%	Mar 31, 26	at high
3Y	50.15%	Mar 31, 26	at high
5Y	50.15%	Mar 31, 26	at high
All	98.39%	Dec 31, 98	-49.0%

Quarterly Net Margin Lows

NVO Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	26.68%	Sep 30, 25	+88.0%
3Y	26.68%	Sep 30, 25	+88.0%
5Y	26.68%	Sep 30, 25	+88.0%
All	6.09%	Dec 31, 89	+723.5%

Quarterly Net Margin History

Month	Value	Change
Mar 2026	50.15%	+47.6%
Dec 2025	33.98%	+27.4%
Sep 2025	26.68%	-22.6%
Jun 2025	34.48%	-7.3%
Mar 2025	37.18%	+12.8%
Dec 2024	32.95%	-13.9%
Sep 2024	38.28%	+29.9%
Jun 2024	29.46%	-24.2%
Mar 2024	38.88%	+16.6%
Dec 2023	33.35%	-12.9%
Sep 2023	38.27%	+7.0%
Jun 2023	35.78%	-3.6%
Mar 2023	37.13%	+31.4%
Dec 2022	28.26%	-10.6%
Sep 2022	31.61%	-2.0%
Jun 2022	32.27%	-4.6%
Mar 2022	33.81%	+19.0%
Dec 2021	28.41%	-16.5%
Sep 2021	34.02%	-7.3%
Jun 2021	36.69%	-1.7%
Mar 2021	37.34%	+28.8%
Dec 2020	28.99%	-12.9%
Sep 2020	33.30%	-6.0%
Jun 2020	35.41%	+0.8%
Mar 2020	35.12%	+30.6%
Dec 2019	26.89%	-20.1%
Sep 2019	33.67%	+5.4%
Jun 2019	31.95%	-10.4%
Mar 2019	35.66%	+24.8%
Dec 2018	28.58%	-12.2%
Sep 2018	32.55%	-13.8%
Jun 2018	37.74%	-5.5%
Mar 2018	39.92%	+35.4%
Dec 2017	29.48%	-19.7%
Sep 2017	36.71%	+5.6%
Jun 2017	34.75%	-2.7%
Mar 2017	35.70%	+21.3%
Dec 2016	29.42%	-17.4%
Sep 2016	35.60%	-1.9%
Jun 2016	36.30%	+4.5%
Mar 2016	34.75%	+21.5%
Dec 2015	28.60%	-8.6%
Sep 2015	31.29%	+1.5%
Jun 2015	30.83%	-21.3%
Mar 2015	39.19%	+47.6%
Dec 2014	26.56%	-9.1%
Sep 2014	29.21%	-9.7%
Jun 2014	32.34%	+1.9%
Mar 2014	31.75%	+13.8%
Dec 2013	27.90%	-10.8%
Sep 2013	31.28%	-0.7%
Jun 2013	31.50%	+5.2%
Mar 2013	29.94%	+9.1%
Dec 2012	27.45%	-3.9%
Sep 2012	28.56%	+4.0%
Jun 2012	27.46%	+4.5%
Mar 2012	26.27%	+1.5%
Dec 2011	25.88%	+1.8%
Sep 2011	25.41%	-1.7%
Jun 2011	25.84%	-0.4%
Mar 2011	25.95%	+6.0%
Dec 2010	24.47%	+6.4%
Sep 2010	23.00%	-0.2%
Jun 2010	23.05%	-5.2%
Mar 2010	24.31%	+36.7%
Dec 2009	17.78%	-19.2%
Sep 2009	22.01%	-4.3%
Jun 2009	23.01%	+6.5%
Mar 2009	21.60%	+16.6%
Dec 2008	18.52%	-21.8%
Sep 2008	23.69%	+6.5%
Jun 2008	22.24%	+8.3%
Mar 2008	20.54%	+130.0%
Dec 2007	8.93%	-57.0%
Sep 2007	20.79%	-39.9%
Jun 2007	34.57%	+98.6%
Mar 2007	17.41%	+5.9%
Dec 2006	16.44%	-11.2%
Sep 2006	18.51%	+3.3%
Jun 2006	17.92%	+32.3%
Mar 2006	13.54%	+6.7%
Dec 2005	12.69%	-36.3%
Sep 2005	19.92%	-2.0%

Month	Value	Change
Jun 2005	20.33%	+19.8%
Mar 2005	16.97%	-7.8%
Dec 2004	18.40%	+11.2%
Sep 2004	16.55%	-6.8%
Jun 2004	17.76%	+9.9%
Mar 2004	16.16%	-13.8%
Dec 2003	18.74%	+11.2%
Sep 2003	16.86%	-14.5%
Jun 2003	19.71%	+10.3%
Mar 2003	17.87%	+2.3%
Dec 2002	17.47%	+12.3%
Sep 2002	15.55%	-7.1%
Jun 2002	16.74%	+11.4%
Mar 2002	15.03%	-3.7%
Dec 2001	15.60%	-1.9%
Sep 2001	15.91%	+7.6%
Jun 2001	14.78%	-22.5%
Mar 2001	19.08%	-33.2%
Dec 2000	28.56%	+131.6%
Mar 2000	12.33%	-1.8%
Jun 1999	12.55%	+18.5%
Mar 1999	10.59%	-89.2%
Dec 1998	98.39%	+721.3%
Sep 1998	11.98%	-25.5%
Jun 1998	16.09%	+15.3%
Mar 1998	13.95%	+0.9%
Dec 1997	13.83%	-0.1%
Sep 1997	13.84%	+3.5%
Jun 1997	13.37%	+22.4%
Mar 1997	10.92%	-0.5%
Dec 1996	10.98%	-14.0%
Sep 1996	12.77%	-3.3%
Jun 1996	13.21%	+13.8%
Mar 1996	11.61%	+13.3%
Dec 1995	10.25%	-25.3%
Sep 1995	13.73%	+9.6%
Jun 1995	12.53%	+37.5%
Mar 1995	9.11%	-34.5%
Dec 1994	13.91%	+22.6%
Sep 1994	11.35%	+38.4%
Jun 1994	8.20%	-4.8%
Mar 1994	8.61%	-13.8%
Dec 1993	9.99%	-23.3%
Sep 1993	13.02%	+33.1%
Jun 1993	9.78%	-11.2%
Mar 1993	11.01%	-24.4%
Dec 1992	14.56%	+63.6%
Sep 1992	8.90%	-25.5%
Jun 1992	11.94%	-1.8%
Mar 1992	12.16%	+78.8%
Dec 1991	6.80%	-40.2%
Sep 1991	11.38%	+14.6%
Jun 1991	9.93%	-4.7%
Mar 1991	10.42%	+48.2%
Dec 1990	7.03%	-26.1%
Sep 1990	9.51%	-4.1%
Jun 1990	9.92%	-4.8%
Mar 1990	10.42%	+71.1%
Dec 1989	6.09%	-46.5%
Sep 1989	11.38%	+32.2%
Jun 1989	8.61%	-36.0%
Mar 1989	13.46%	+82.6%
Dec 1988	7.37%	-31.4%
Sep 1988	10.74%	-30.6%
Jun 1988	15.48%	+23.3%
Mar 1988	12.55%	+17.0%
Dec 1987	10.73%	+13.7%
Sep 1987	9.44%	+13.3%
Jun 1987	8.33%	-17.1%
Mar 1987	10.05%	-22.5%
Dec 1986	12.97%	+0.2%
Sep 1986	12.95%	+8.0%
Jun 1986	11.99%	+0.6%
Mar 1986	11.92%	+4.6%
Dec 1985	11.40%	-25.4%
Sep 1985	15.29%	+2.5%
Jun 1985	14.92%	-10.8%
Mar 1985	16.72%	-10.3%
Dec 1984	18.63%	-0.3%
Sep 1984	18.69%	+5.6%
Jun 1984	17.70%	+0.1%
Mar 1984	17.68%	-

FAQ

What is the current quarterly net margin of NVO?
As of today, NVO quarterly net margin is 50.15%
What is NVO quarterly net margin most recent change?
NVO quarterly net margin was up +47.59% on March 31, 2026
What is 1-year change in NVO quarterly net margin?
NVO quarterly net margin is up +34.88% year-over-year
How far is NVO quarterly net margin from its all-time high?
NVO quarterly net margin is currently -49.03% below its historical high of 98.39% set on December 31, 1998
How does NVO quarterly net margin rank versus sector peers?
NVO quarterly net margin is higher than 99.00% of companies in Healthcare sector
When is NVO next earnings release?
The next earnings release for NVO is on August 5, 2026

Net Margin Formula

Net Margin = Net Income

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