What is the current annual gross margin of NVS?

As of today, NVS annual gross margin is 74.88%

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

NVS annual gross margin is up +0.47% year-over-year

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

NVS annual gross margin is up +2.67% over the past 3 years

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

NVS annual gross margin is currently -4.20% below its historical high of 78.16% set on December 31, 2002

How does NVS annual gross margin rank versus sector peers?

NVS annual gross margin is higher than 72.51% of companies in Healthcare sector

When is NVS next annual earnings release?

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

What is the current quarterly gross margin of NVS?

As of today, NVS quarterly gross margin is 75.40%

What is NVS quarterly gross margin most recent change?

NVS quarterly gross margin was up +1.25% on September 30, 2026

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

NVS quarterly gross margin is up +1.10% year-over-year

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

NVS quarterly gross margin is currently -4.50% below its historical high of 78.95% set on September 30, 2007

How does NVS quarterly gross margin rank versus sector peers?

NVS quarterly gross margin is higher than 73.30% of companies in Healthcare sector

When is NVS next earnings release?

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

Novartis AG (NVS) Gross Margin History & Chart Since 1993

Annual Gross Margin

74.88%0.35%+0.47%

December 31, 2025

Summary

Current Value: As of today, NVS annual gross margin is 74.88%, up +0.47% on December 31, 2025
Historical Performance: NVS annual gross margin is up +2.67% over the past 3 years, up +8.65% over the past 5 years
All-Time High Comparison: NVS annual gross margin is currently -4.20% below its historical high of 78.16% set on December 31, 2002
3-Year Low Comparison: NVS annual gross margin is +3.53% above its 3-year low of 72.33% reached on December 31, 2023
Sector Comparison: NVS annual gross margin is higher than 72.51% of companies in Healthcare sector

Gross Margin Chart

beforeafter

Performance

NVS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	74.88%	+0.5%	+2.7%	+8.7%	+5.1%
Quarterly Gross Margin	Sep 30, 26	75.40%	+1.1%	+4.6%	+7.8%	+11.3%
Price	Nov 6, 26	$162.55	+28.4%	+73.9%	+94.3%	+223.4%
PE Ratio	Nov 6, 26	31.04	+79.8%	+23.7%	+60.8%	+181.4%
Annual Revenue	Dec 31, 25	$54.81B	+9.0%	+29.6%	+12.0%	+9.2%
Annual Gross Profit	Dec 31, 25	$41.04B	+9.5%	+33.1%	+22.4%	+14.7%
Annual Operating Margin	Dec 31, 25	30.05%	-2.0%	+22.4%	+35.2%	+62.6%
Annual Net Margin	Dec 31, 25	25.61%	+7.9%	+78.7%	+54.4%	+30.1%

Gross Margin Highs

NVS Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	74.88%	Dec 31, 25	at high
5Y	74.88%	Dec 31, 25	at high
All	78.16%	Dec 31, 02	-4.2%

Gross Margin Lows

NVS Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	72.33%	Dec 31, 23	+3.5%
5Y	68.92%	N/A	+8.7%
All	56.88%	Dec 1, 94	+31.6%

Gross Margin History

Year	Value	Change
2025	74.88%	+0.5%
2024	74.53%	+3.0%
2023	72.33%	-0.8%
2022	72.93%	+5.3%
2021	69.27%	+0.5%
2020	68.92%	-1.0%
2019	69.63%	+2.9%
2018	67.64%	+4.0%
2017	65.03%	+1.8%
2016	63.89%	-1.4%
2015	64.80%	-3.2%
2014	66.91%	-1.8%
2013	68.17%	+2.1%
2012	66.75%	-1.0%
2011	67.40%	-5.4%
2010	71.24%	+2.5%
2009	69.49%	-4.0%

Year	Value	Change
2008	72.41%	-0.4%
2007	72.70%	-0.2%
2006	72.83%	-1.8%
2005	74.20%	-0.6%
2004	74.63%	-2.9%
2003	76.84%	-1.7%
2002	78.16%	+3.7%
2001	75.39%	+5.2%
2000	71.68%	+2.8%
1999	69.75%	+2.1%
1998	68.29%	-0.2%
1997	68.42%	+17.3%
1996	58.32%	+1.1%
1995	57.70%	+1.4%
1994	56.88%	-1.4%
1993	57.66%	-

FAQ

What is the current annual gross margin of NVS?: As of today, NVS annual gross margin is 74.88%
What is 1-year change in NVS annual gross margin?: NVS annual gross margin is up +0.47% year-over-year
What is 3-year change in NVS annual gross margin?: NVS annual gross margin is up +2.67% over the past 3 years
How far is NVS annual gross margin from its all-time high?: NVS annual gross margin is currently -4.20% below its historical high of 78.16% set on December 31, 2002
How does NVS annual gross margin rank versus sector peers?: NVS annual gross margin is higher than 72.51% of companies in Healthcare sector
When is NVS next annual earnings release?: The next annual earnings release for NVS is on February 3, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

75.40%0.93%+1.25%

September 30, 2026

Summary

Current Value: As of today, NVS quarterly gross margin is 75.40%, up +1.25% on September 30, 2026
Historical Performance: NVS quarterly gross margin is up +1.10% year-over-year, up +4.56% over the past 3 years
All-Time High Comparison: NVS quarterly gross margin is currently -4.50% below its historical high of 78.95% set on September 30, 2007
3-Year Low Comparison: NVS quarterly gross margin is +4.56% above its 3-year low of 72.11% reached on an earlier date
Sector Comparison: NVS quarterly gross margin is higher than 73.30% of companies in Healthcare sector

Performance

NVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	75.40%	+1.3%	+1.1%	+4.6%	+7.8%
Annual Gross Margin	Dec 31, 25	74.88%	–	+0.5%	+2.7%	+8.7%
Price	Nov 6, 26	$162.55	+5.4%	+28.4%	+73.9%	+94.3%
PE Ratio	Nov 6, 26	31.04	+33.5%	+79.8%	+23.7%	+60.8%
Quarterly Revenue	Sep 30, 26	$14.44B	+0.1%	+4.0%	+22.5%	+10.8%
Quarterly Gross Profit	Sep 30, 26	$10.88B	+1.4%	+5.2%	+28.1%	+19.5%
Quarterly Operating Margin	Sep 30, 26	33.62%	+2.4%	+11.2%	+16.3%	+34.3%
Quarterly Net Margin	Sep 30, 26	8.24%	-63.6%	-70.8%	-35.8%	-61.1%

Quarterly Gross Margin Highs

NVS Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	75.40%	Sep 30, 26	at high
3Y	76.38%	Jun 30, 25	-1.3%
5Y	76.38%	Jun 30, 25	-1.3%
All	78.95%	Sep 30, 07	-4.5%

Quarterly Gross Margin Lows

NVS Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	73.44%	Dec 31, 25	+2.7%
3Y	72.11%	N/A	+4.6%
5Y	69.23%	Mar 31, 22	+8.9%
All	0.00%	Mar 31, 01	N/A

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	75.40%	+1.2%
Jun 2026	74.47%	+0.9%
Mar 2026	73.78%	+0.5%
Dec 2025	73.44%	-1.5%
Sep 2025	74.58%	-2.4%
Jun 2025	76.38%	+1.7%
Mar 2025	75.10%	+0.5%
Dec 2024	74.73%	+0.7%
Sep 2024	74.23%	-0.1%
Jun 2024	74.29%	+1.0%
Mar 2024	73.54%	+0.5%
Dec 2023	73.16%	+1.5%
Sep 2023	72.11%	+1.9%
Jun 2023	70.78%	-2.1%
Mar 2023	72.30%	-0.6%
Dec 2022	72.72%	+0.2%
Sep 2022	72.61%	+2.8%
Jun 2022	70.65%	+2.1%
Mar 2022	69.23%	-1.0%
Dec 2021	69.95%	+0.1%
Sep 2021	69.91%	+0.2%
Jun 2021	69.79%	+3.5%
Mar 2021	67.46%	+0.7%
Dec 2020	66.98%	-3.5%
Sep 2020	69.39%	-0.6%
Jun 2020	69.78%	+0.1%
Mar 2020	69.70%	+2.8%
Dec 2019	67.81%	-1.7%
Sep 2019	68.98%	-2.9%
Jun 2019	71.05%	+0.3%
Mar 2019	70.87%	+9.2%
Dec 2018	64.89%	-5.5%
Sep 2018	68.64%	-0.1%
Jun 2018	68.68%	+0.4%
Mar 2018	68.42%	+4.9%
Dec 2017	65.24%	+0.1%
Sep 2017	65.17%	-0.1%
Jun 2017	65.22%	+1.2%
Mar 2017	64.43%	+1.4%
Dec 2016	63.57%	-0.6%
Sep 2016	63.98%	-0.5%
Jun 2016	64.31%	+1.0%
Mar 2016	63.69%	+0.0%
Dec 2015	63.67%	-0.9%
Sep 2015	64.22%	-0.7%
Jun 2015	64.65%	-3.1%
Mar 2015	66.73%	+0.5%
Dec 2014	66.37%	+0.4%
Sep 2014	66.11%	-1.9%
Jun 2014	67.36%	+1.6%
Mar 2014	66.32%	-1.1%
Dec 2013	67.05%	-0.9%

Month	Value	Change
Sep 2013	67.65%	-1.8%
Jun 2013	68.87%	+7.6%
Mar 2013	64.00%	-2.6%
Dec 2012	65.69%	-1.7%
Sep 2012	66.86%	-1.3%
Jun 2012	67.77%	+0.6%
Mar 2012	67.35%	+3.0%
Dec 2011	65.37%	-3.5%
Sep 2011	67.74%	-1.9%
Jun 2011	69.03%	+5.6%
Mar 2011	65.34%	-4.7%
Dec 2010	68.54%	-0.5%
Sep 2010	68.85%	-1.4%
Jun 2010	69.86%	-0.4%
Mar 2010	70.11%	-2.1%
Dec 2009	71.63%	-0.5%
Sep 2009	72.01%	-1.7%
Jun 2009	73.22%	-0.2%
Mar 2009	73.38%	+2.1%
Dec 2008	71.88%	-0.0%
Sep 2008	71.89%	-1.0%
Jun 2008	72.63%	-0.9%
Mar 2008	73.28%	+5.2%
Dec 2007	69.66%	-11.8%
Sep 2007	78.95%	+6.8%
Jun 2007	73.95%	+1.9%
Mar 2007	72.54%	+1.4%
Dec 2006	71.52%	-3.3%
Sep 2006	73.94%	-3.3%
Jun 2006	76.46%	+3.8%
Mar 2006	73.66%	-2.5%
Dec 2005	75.57%	+2.3%
Sep 2005	73.90%	-2.1%
Jun 2005	75.45%	+4.8%
Mar 2005	71.97%	-1.3%
Dec 2004	72.93%	-2.7%
Sep 2004	74.99%	-2.8%
Jun 2004	77.14%	+0.4%
Mar 2004	76.86%	+1.0%
Dec 2003	76.11%	+0.3%
Sep 2003	75.85%	-1.6%
Jun 2003	77.06%	+1.2%
Mar 2003	76.18%	+3.1%
Dec 2002	73.90%	-2.9%
Sep 2002	76.07%	-1.0%
Jun 2002	76.83%	>+9,900.0%
Mar 2002	0.00%	0.0%
Dec 2001	0.00%	0.0%
Sep 2001	0.00%	0.0%
Jun 2001	0.00%	0.0%
Mar 2001	0.00%	-100.0%
Jun 2000	75.27%	-

FAQ

What is the current quarterly gross margin of NVS?: As of today, NVS quarterly gross margin is 75.40%
What is NVS quarterly gross margin most recent change?: NVS quarterly gross margin was up +1.25% on September 30, 2026
What is 1-year change in NVS quarterly gross margin?: NVS quarterly gross margin is up +1.10% year-over-year
How far is NVS quarterly gross margin from its all-time high?: NVS quarterly gross margin is currently -4.50% below its historical high of 78.95% set on September 30, 2007
How does NVS quarterly gross margin rank versus sector peers?: NVS quarterly gross margin is higher than 73.30% of companies in Healthcare sector
When is NVS next earnings release?: The next earnings release for NVS is on February 3, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NVS Official Website www.novartis.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1114448/000111444826000004/0001114448-26-000004-index.htm
NVS Profile on Yahoo Finance finance.yahoo.com/quote/NVS
NVS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nvs