What is the current annual payout ratio of NVO?

As of today, NVO annual payout ratio is 50.53%

What is 1-year change in NVO annual payout ratio?

NVO annual payout ratio is up +15.60% year-over-year

What is 3-year change in NVO annual payout ratio?

NVO annual payout ratio is up +10.88% over the past 3 years

How far is NVO annual payout ratio from its all-time high?

NVO annual payout ratio is currently -19.58% below its historical high of 62.83% set on December 31, 2016

How does NVO annual payout ratio rank versus sector peers?

NVO annual payout ratio is higher than 98.14% 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 TTM payout ratio of NVO?

As of today, NVO TTM payout ratio is 42.30%

What is NVO TTM payout ratio most recent change?

NVO TTM payout ratio remained unchanged on July 31, 2026

What is 1-year change in NVO TTM payout ratio?

NVO TTM payout ratio is down -7.38% year-over-year

How far is NVO TTM payout ratio from its all-time high?

NVO TTM payout ratio is currently -72.95% below its historical high of 156.35% set on March 30, 2001

How does NVO TTM payout ratio rank versus sector peers?

NVO TTM payout ratio is higher than 97.65% of companies in Healthcare sector

When is NVO next earnings release?

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

What is the current quarterly payout ratio of NVO?

As of today, NVO quarterly payout ratio is 72.72%

What is NVO quarterly payout ratio most recent change?

NVO quarterly payout ratio was up +7475.00% on March 31, 2026

What is 1-year change in NVO quarterly payout ratio?

NVO quarterly payout ratio is down -40.14% year-over-year

How far is NVO quarterly payout ratio from its all-time high?

NVO quarterly payout ratio is currently -60.42% below its historical high of 183.74% set on March 31, 2014

How does NVO quarterly payout ratio rank versus sector peers?

NVO quarterly payout ratio is higher than 98.84% of companies in Healthcare sector

When is NVO next earnings release?

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

NVO Payout Ratio History & Chart Since 1980

Annual Payout Ratio

50.53%6.82%+15.60%

December 31, 2025

Summary

Current Value: As of today, NVO annual payout ratio is 50.53%, up +15.60% on December 31, 2025
Historical Performance: NVO annual payout ratio is up +10.88% over the past 3 years, up +5.82% over the past 5 years
All-Time High Comparison: NVO annual payout ratio is currently -19.58% below its historical high of 62.83% set on December 31, 2016
3-Year Low Comparison: NVO annual payout ratio is +33.11% above its 3-year low of 37.96% reached on December 31, 2023
Sector Comparison: NVO annual payout ratio is higher than 98.14% of companies in Healthcare sector

Payout Ratio Chart

Performance

NVO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Payout Ratio	Dec 31, 25	50.53%	+15.6%	+10.9%	+5.8%	+65.4%
Quarterly Payout Ratio	Mar 31, 26	72.72%	-40.1%	-21.4%	-32.0%	-48.0%
TTM Payout Ratio	Jul 31, 26	42.30%	-7.4%	+1.3%	-9.8%	+11.7%
Price	Jul 31, 26	$46.82	-0.5%	-41.9%	+1.1%	+283.7%
Annual Dividend Yield	Jul 31, 26	3.69%	+20.2%	+272.7%	+163.6%	+232.4%
Annual Dividends Paid	Dec 31, 25	$7.83B	+22.3%	+119.0%	+154.4%	+901.2%
Annual Dividend	Dec 31, 25	$1.73	+19.4%	+115.9%	+165.7%	+1171.1%
Annual Free Cash Flow	Dec 31, 25	$4.38B	-56.6%	-51.6%	-4.1%	+56.2%
Annual Revenue	Dec 31, 25	$46.74B	+11.0%	+87.0%	+140.8%	+332.8%
Annual EPS	Dec 31, 25	$3.48	+6.1%	+101.8%	+152.9%	+696.8%

Payout Ratio Highs

NVO Annual Payout Ratio Highs Comparison
Period	High	Date	Current
3Y	50.53%	Dec 31, 25	at high
5Y	50.53%	Dec 31, 25	at high
All	62.83%	Dec 31, 16	-19.6%

Payout Ratio Lows

NVO Annual Payout Ratio Lows Comparison
Period	Low	Date	Current
3Y	37.96%	Dec 31, 23	+33.1%
5Y	37.96%	Dec 31, 23	+33.1%
All	10.36%	Dec 31, 96	+387.7%

Payout Ratio History

Year	Value	Change
2025	50.53%	+15.6%
2024	43.71%	+15.1%
2023	37.96%	-16.7%
2022	45.57%	+1.1%
2021	45.06%	-5.6%
2020	47.75%	-4.2%
2019	49.83%	+1.1%
2018	49.31%	-0.2%
2017	49.42%	-21.3%
2016	62.83%	+69.7%
2015	37.02%	-17.4%
2014	44.81%	+16.1%
2013	38.58%	+6.8%
2012	36.12%	+8.3%
2011	33.34%	+9.1%
2010	30.55%	-9.9%
2009	33.90%	+17.0%
2008	28.98%	+11.2%
2007	26.06%	-13.6%
2006	30.15%	+10.9%
2005	27.18%	-8.4%
2004	29.68%	+16.0%
2003	25.59%	-9.7%

Year	Value	Change
2002	28.35%	+19.6%
2001	23.70%	+5.9%
2000	22.38%	-4.0%
1999	23.31%	+30.9%
1998	17.81%	+41.2%
1997	12.61%	+21.7%
1996	10.36%	-12.9%
1995	11.90%	+14.3%
1994	10.41%	-0.3%
1993	10.44%	-9.0%
1992	11.47%	-15.3%
1991	13.54%	-17.9%
1990	16.50%	+5.8%
1989	15.60%	-2.5%
1988	16.00%	-24.1%
1987	21.07%	+7.1%
1986	19.68%	+16.8%
1985	16.85%	+14.1%
1984	14.77%	+1.1%
1983	14.61%	+4.4%
1982	13.99%	-29.7%
1981	19.89%	-10.2%
1980	22.16%	-

FAQ

What is the current annual payout ratio of NVO?
As of today, NVO annual payout ratio is 50.53%
What is 1-year change in NVO annual payout ratio?
NVO annual payout ratio is up +15.60% year-over-year
What is 3-year change in NVO annual payout ratio?
NVO annual payout ratio is up +10.88% over the past 3 years
How far is NVO annual payout ratio from its all-time high?
NVO annual payout ratio is currently -19.58% below its historical high of 62.83% set on December 31, 2016
How does NVO annual payout ratio rank versus sector peers?
NVO annual payout ratio is higher than 98.14% 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

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

TTM Payout Ratio

42.30%0.00%0.00%

4 min ago

Summary

Current Value: As of today, NVO TTM payout ratio is 42.30%, unchanged on July 31, 2026
Historical Performance: NVO TTM payout ratio is down -7.38% year-over-year, up +1.27% over the past 3 years
All-Time High Comparison: NVO TTM payout ratio is currently -72.95% below its historical high of 156.35% set on March 30, 2001
3-Year Low Comparison: NVO TTM payout ratio is +11.11% above its 3-year low of 38.07% reached on December 29, 2023
Sector Comparison: NVO TTM payout ratio is higher than 97.65% of companies in Healthcare sector

Performance

NVO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Payout Ratio	Jul 31, 26	42.30%	0.0%	-7.4%	+1.3%	-9.8%
Quarterly Payout Ratio	Mar 31, 26	72.72%	+7475.0%	-40.1%	-21.4%	-32.0%
Annual Payout Ratio	Dec 31, 25	50.53%	–	+15.6%	+10.9%	+5.8%
Price	Jul 31, 26	$46.82	+10.9%	-0.5%	-41.9%	+1.1%
TTM Dividend Yield	Jul 31, 26	3.85%	-9.8%	+9.1%	+253.2%	+146.8%
TTM Dividends Paid	Mar 31, 26	$8.41B	+7.0%	+14.9%	+105.5%	+146.6%
TTM Dividend	Jul 31, 26	$1.80	0.0%	+8.6%	+105.0%	+150.3%
TTM Free Cash Flow	Mar 31, 26	$1.92B	-56.5%	-86.0%	-79.6%	-61.1%
TTM Revenue	Mar 31, 26	$50.91B	+8.9%	+16.8%	+93.2%	+155.7%
TTM EPS	Mar 31, 26	$4.26	+22.7%	+26.2%	+125.1%	+195.3%

TTM Payout Ratio Highs

NVO TTM Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	51.89%	Mar 30, 26	-18.5%
3Y	51.89%	Mar 30, 26	-18.5%
5Y	51.89%	Mar 30, 26	-18.5%
All	156.35%	Mar 30, 01	-73.0%

TTM Payout Ratio Lows

NVO TTM Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	42.30%	Mar 31, 26	at low
3Y	38.07%	Dec 29, 23	+11.1%
5Y	38.07%	Dec 29, 23	+11.1%
All	0.00%	Apr 30, 81	N/A

TTM Payout Ratio History

Month	Value	Change
Jul 2026	42.30%	0.0%
Mar 2026	42.30%	-15.0%
Dec 2025	49.74%	-1.0%
Sep 2025	50.26%	+10.1%
Jun 2025	45.67%	-7.1%
Mar 2025	49.15%	+11.6%
Dec 2024	44.06%	-6.1%
Sep 2024	46.90%	-0.1%
Jun 2024	46.94%	-0.6%
Mar 2024	47.22%	+24.0%
Dec 2023	38.07%	-10.9%
Sep 2023	42.74%	+2.3%
Jun 2023	41.77%	-10.1%
Mar 2023	46.44%	+0.4%
Dec 2022	46.26%	-2.7%
Sep 2022	47.55%	+1.1%
Jun 2022	47.05%	+0.4%
Mar 2022	46.84%	+5.0%
Dec 2021	44.59%	-2.7%
Sep 2021	45.82%	-2.3%
Jun 2021	46.91%	-6.0%
Mar 2021	49.89%	+5.5%
Dec 2020	47.31%	-3.5%
Sep 2020	49.02%	+3.5%
Jun 2020	47.37%	-2.4%
Mar 2020	48.55%	-2.8%
Dec 2019	49.93%	-0.3%
Sep 2019	50.07%	-3.4%
Jun 2019	51.81%	+3.1%
Mar 2019	50.25%	+0.2%
Dec 2018	50.15%	-0.3%
Sep 2018	50.32%	+0.8%
Jun 2018	49.93%	-3.4%
Mar 2018	51.67%	+5.3%
Dec 2017	49.05%	-1.3%
Sep 2017	49.70%	-0.2%
Jun 2017	49.78%	+0.0%
Mar 2017	49.76%	-21.6%
Dec 2016	63.45%	-1.2%
Sep 2016	64.24%	+41.0%
Jun 2016	45.57%	-46.4%
Mar 2016	84.99%	+134.1%
Dec 2015	36.31%	-2.7%
Sep 2015	37.32%	-2.3%
Jun 2015	38.19%	-53.0%
Mar 2015	81.29%	+75.6%
Dec 2014	46.29%	-0.3%
Sep 2014	46.43%	-0.9%
Jun 2014	46.86%	-44.4%

Month	Value	Change
Mar 2014	84.29%	+126.0%
Dec 2013	37.29%	-3.1%
Sep 2013	38.48%	-4.8%
Jun 2013	40.43%	-48.4%
Mar 2013	78.38%	+108.7%
Dec 2012	37.55%	-4.8%
Sep 2012	39.46%	-5.3%
Jun 2012	41.66%	-45.5%
Mar 2012	76.47%	+126.1%
Dec 2011	33.82%	-4.7%
Sep 2011	35.49%	-6.3%
Jun 2011	37.86%	-46.1%
Mar 2011	70.28%	+125.6%
Dec 2010	31.15%	-10.3%
Sep 2010	34.72%	-4.8%
Jun 2010	36.46%	-46.3%
Mar 2010	67.93%	+108.3%
Dec 2009	32.61%	-3.2%
Sep 2009	33.69%	-0.4%
Jun 2009	33.84%	-2.2%
Mar 2009	34.59%	+12.6%
Dec 2008	30.73%	+21.0%
Dec 2007	25.40%	-10.5%
Dec 2006	28.39%	-1.6%
Dec 2005	28.85%	-0.4%
Dec 2004	28.98%	+19.9%
Dec 2003	24.17%	-8.6%
Dec 2002	26.44%	+11.6%
Dec 2001	23.69%	>+9,900.0%
Dec 2000	0.00%	0.0%
Dec 1999	0.00%	-100.0%
Dec 1998	12.01%	-7.5%
Dec 1997	12.98%	+24.9%
Dec 1996	10.39%	-2.3%
Dec 1995	10.63%	+25.1%
Dec 1994	8.50%	-14.4%
Dec 1993	9.93%	+3.0%
Dec 1992	9.64%	>+9,900.0%
Dec 1991	0.00%	0.0%
Dec 1990	0.00%	0.0%
Dec 1989	0.00%	0.0%
Dec 1988	0.00%	0.0%
Dec 1987	0.00%	0.0%
Dec 1986	0.00%	0.0%
Dec 1985	0.00%	0.0%
Dec 1984	0.00%	0.0%
Dec 1983	0.00%	0.0%
Dec 1982	0.00%	0.0%
Dec 1981	0.00%	-

FAQ

What is the current TTM payout ratio of NVO?
As of today, NVO TTM payout ratio is 42.30%
What is NVO TTM payout ratio most recent change?
NVO TTM payout ratio remained unchanged on July 31, 2026
What is 1-year change in NVO TTM payout ratio?
NVO TTM payout ratio is down -7.38% year-over-year
How far is NVO TTM payout ratio from its all-time high?
NVO TTM payout ratio is currently -72.95% below its historical high of 156.35% set on March 30, 2001
How does NVO TTM payout ratio rank versus sector peers?
NVO TTM payout ratio is higher than 97.65% of companies in Healthcare sector
When is NVO next earnings release?
The next earnings release for NVO is on August 5, 2026

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Quarterly Payout Ratio

72.72%71.76%+7,475.00%

March 31, 2026

Summary

Current Value: As of today, NVO quarterly payout ratio is 72.72%, up +7475.00% on March 31, 2026
Historical Performance: NVO quarterly payout ratio is down -40.14% year-over-year, down -21.43% over the past 3 years
All-Time High Comparison: NVO quarterly payout ratio is currently -60.42% below its historical high of 183.74% set on March 31, 2014
3-Year Low Comparison: NVO quarterly payout ratio is +727100.00% above its 3-year low of 0.01% reached on December 31, 2023
Sector Comparison: NVO quarterly payout ratio is higher than 98.84% of companies in Healthcare sector

Performance

NVO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Payout Ratio	Mar 31, 26	72.72%	+7475.0%	-40.1%	-21.4%	-32.0%
Annual Payout Ratio	Dec 31, 25	50.53%	–	+15.6%	+10.9%	+5.8%
TTM Payout Ratio	Jul 31, 26	42.30%	0.0%	-7.4%	+1.3%	-9.8%
Price	Jul 31, 26	$46.82	+10.9%	-0.5%	-41.9%	+1.1%
TTM Dividend Yield	Jul 31, 26	3.85%	-9.8%	+9.1%	+253.2%	+146.8%
Quarterly Dividends Paid	Mar 31, 26	$5.53B	+10000.0%	+11.1%	+109.2%	+153.0%
TTM Dividend	Jul 31, 26	$1.80	0.0%	+8.6%	+105.0%	+150.3%
Quarterly Free Cash Flow	Mar 31, 26	$1.78B	+132.7%	-58.3%	-50.6%	+12.6%
Quarterly Revenue	Mar 31, 26	$15.16B	+22.9%	+37.6%	+97.1%	+176.9%
Quarterly EPS	Mar 31, 26	$1.71	+81.5%	+85.5%	+170.1%	+287.3%

Quarterly Payout Ratio Highs

NVO Quarterly Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	86.40%	Sep 30, 25	-15.8%
3Y	121.49%	Mar 31, 25	-40.1%
5Y	121.49%	Mar 31, 25	-40.1%
All	183.74%	Mar 31, 14	-60.4%

Quarterly Payout Ratio Lows

NVO Quarterly Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	0.96%	Dec 31, 25	+7475.0%
3Y	0.01%	Dec 31, 23	>+9999.0%
5Y	0.01%	Dec 31, 23	>+9999.0%
All	0.01%	Dec 31, 23	>+9999.0%

Quarterly Payout Ratio History

Month	Value	Change
Mar 2026	72.72%	+7,475.0%
Dec 2025	0.96%	-98.9%
Sep 2025	86.40%	+2,433.7%
Jun 2025	3.41%	-97.2%
Mar 2025	121.49%	>+9,900.0%
Dec 2024	0.81%	-98.6%
Sep 2024	57.10%	+8,963.5%
Jun 2024	0.63%	-99.4%
Mar 2024	112.40%	>+9,900.0%
Dec 2023	0.01%	-100.0%
Sep 2023	59.38%	+9,477.4%
Jun 2023	0.62%	-99.3%
Mar 2023	92.55%	+2,801.3%
Dec 2022	3.19%	-95.3%
Sep 2022	68.26%	+1,993.9%
Jun 2022	3.26%	-97.0%
Mar 2022	110.42%	+3,900.7%
Dec 2021	2.76%	-95.9%
Sep 2021	66.59%	>+9,900.0%
Jun 2021	0.07%	-99.9%
Mar 2021	106.91%	+3,100.9%
Dec 2020	3.34%	-95.4%
Sep 2020	72.69%	>+9,900.0%
Jun 2020	0.09%	-99.9%
Mar 2020	105.50%	+9,073.9%
Dec 2019	1.15%	-98.4%
Sep 2019	69.94%	+9,750.7%
Jun 2019	0.71%	-99.4%
Mar 2019	117.85%	+4,432.7%
Dec 2018	2.60%	-96.8%
Sep 2018	80.23%	+4,122.6%
Jun 2018	1.90%	-98.3%
Mar 2018	109.85%	+2,566.3%
Dec 2017	4.12%	-94.4%
Sep 2017	73.62%	+3,990.0%

Month	Value	Change
Jun 2017	1.80%	-98.4%
Mar 2017	112.72%	+6,901.2%
Dec 2016	1.61%	-97.9%
Sep 2016	76.86%	+3,474.9%
Jun 2016	2.15%	-98.7%
Mar 2016	171.66%	+7,235.9%
Dec 2015	2.34%	+72.1%
Sep 2015	1.36%	-2.9%
Jun 2015	1.40%	-98.9%
Mar 2015	130.67%	+3,011.2%
Dec 2014	4.20%	+121.1%
Sep 2014	1.90%	+3,066.7%
Jun 2014	0.06%	-100.0%
Mar 2014	183.74%	>+9,900.0%
Dec 2013	1.34%	+252.6%
Sep 2013	0.38%	-52.5%
Jun 2013	0.80%	-99.5%
Mar 2013	162.40%	>+9,900.0%
Dec 2012	0.02%	-98.6%
Sep 2012	1.43%	-13.9%
Jun 2012	1.66%	-99.0%
Mar 2012	165.99%	>+9,900.0%
Dec 2011	0.44%	-25.4%
Sep 2011	0.59%	-82.0%
Jun 2011	3.28%	-97.7%
Mar 2011	139.95%	>+9,900.0%
Dec 2010	0.25%	+4.2%
Sep 2010	0.24%	-95.8%
Jun 2010	5.76%	-95.6%
Mar 2010	132.37%	+3,285.4%
Dec 2009	3.91%	-37.7%
Sep 2009	6.28%	+15.0%
Jun 2009	5.46%	-96.0%
Mar 2009	135.28%	-

FAQ

What is the current quarterly payout ratio of NVO?
As of today, NVO quarterly payout ratio is 72.72%
What is NVO quarterly payout ratio most recent change?
NVO quarterly payout ratio was up +7475.00% on March 31, 2026
What is 1-year change in NVO quarterly payout ratio?
NVO quarterly payout ratio is down -40.14% year-over-year
How far is NVO quarterly payout ratio from its all-time high?
NVO quarterly payout ratio is currently -60.42% below its historical high of 183.74% set on March 31, 2014
How does NVO quarterly payout ratio rank versus sector peers?
NVO quarterly payout ratio is higher than 98.84% of companies in Healthcare sector
When is NVO next earnings release?
The next earnings release for NVO is on August 5, 2026

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 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