What is the current annual operating margin of NVS?

As of today, NVS annual operating margin is 30.05%

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

NVS annual operating margin is down -1.99% year-over-year

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

NVS annual operating margin is up +22.35% over the past 3 years

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

NVS annual operating margin is currently -1.99% below its historical high of 30.66% set on December 31, 2024

How does NVS annual operating margin rank versus sector peers?

NVS annual operating margin is higher than 94.83% 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 operating margin of NVS?

As of today, NVS quarterly operating margin is 33.62%

What is NVS quarterly operating margin most recent change?

NVS quarterly operating margin was up +2.38% on September 30, 2026

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

NVS quarterly operating margin is up +11.18% year-over-year

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

NVS quarterly operating margin is currently -2.92% below its historical high of 34.63% set on March 31, 2025

How does NVS quarterly operating margin rank versus sector peers?

NVS quarterly operating margin is higher than 93.62% 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) Operating Margin History & Chart

Annual Operating Margin

30.05%0.61%-1.99%

December 31, 2025

Summary

Current Value: As of today, NVS annual operating margin is 30.05%, down -1.99% on December 31, 2025
Historical Performance: NVS annual operating margin is up +22.35% over the past 3 years, up +35.18% over the past 5 years
All-Time High Comparison: NVS annual operating margin is currently -1.99% below its historical high of 30.66% set on December 31, 2024
3-Year Low Comparison: NVS annual operating margin is +22.35% above its 3-year low of 24.56% reached on an earlier date
Sector Comparison: NVS annual operating margin is higher than 94.83% of companies in Healthcare sector

Operating Margin Chart

beforeafter

Performance

NVS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	30.05%	-2.0%	+22.4%	+35.2%	+62.6%
Quarterly Operating Margin	Sep 30, 26	33.62%	+11.2%	+16.3%	+34.3%	+95.9%
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 Operating Profit	Dec 31, 25	$16.47B	+6.8%	+58.6%	+52.2%	+77.5%
Annual Gross Margin	Dec 31, 25	74.88%	+0.5%	+2.7%	+8.7%	+5.1%
Annual Net Margin	Dec 31, 25	25.61%	+7.9%	+78.7%	+54.4%	+30.1%

Operating Margin Highs

NVS Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	30.66%	Dec 31, 24	-2.0%
5Y	30.66%	Dec 31, 24	-2.0%
All	30.66%	Dec 31, 24	-2.0%

Operating Margin Lows

NVS Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	24.56%	N/A	+22.4%
5Y	22.23%	N/A	+35.2%
All	11.20%	Dec 1, 93	+168.3%

Operating Margin History

Year	Value	Change
2025	30.05%	-2.0%
2024	30.66%	+17.4%
2023	26.12%	+6.4%
2022	24.56%	+9.3%
2021	22.47%	+1.1%
2020	22.23%	+4.6%
2019	21.25%	+7.8%
2018	19.72%	+5.5%
2017	18.70%	+8.8%
2016	17.18%	-14.7%
2015	20.13%	-17.0%
2014	24.25%	+5.4%
2013	23.01%	+7.0%
2012	21.50%	+30.5%
2011	16.47%	-10.9%
2010	18.48%	-3.2%
2009	19.10%	-17.3%

Year	Value	Change
2008	23.09%	+17.6%
2007	19.63%	-9.9%
2006	21.78%	-1.8%
2005	22.19%	+2.7%
2004	21.60%	-10.9%
2003	24.23%	-6.8%
2002	26.00%	+14.5%
2001	22.71%	+1.8%
2000	22.30%	-3.6%
1999	23.14%	-0.3%
1998	23.20%	+6.7%
1997	21.75%	+45.7%
1996	14.93%	-2.4%
1995	15.29%	+13.8%
1994	13.43%	+19.9%
1993	11.20%	-

FAQ

What is the current annual operating margin of NVS?: As of today, NVS annual operating margin is 30.05%
What is 1-year change in NVS annual operating margin?: NVS annual operating margin is down -1.99% year-over-year
What is 3-year change in NVS annual operating margin?: NVS annual operating margin is up +22.35% over the past 3 years
How far is NVS annual operating margin from its all-time high?: NVS annual operating margin is currently -1.99% below its historical high of 30.66% set on December 31, 2024
How does NVS annual operating margin rank versus sector peers?: NVS annual operating margin is higher than 94.83% of companies in Healthcare sector
When is NVS next annual earnings release?: The next annual earnings release for NVS is on February 3, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

33.62%0.78%+2.38%

September 30, 2026

Summary

Current Value: As of today, NVS quarterly operating margin is 33.62%, up +2.38% on September 30, 2026
Historical Performance: NVS quarterly operating margin is up +11.18% year-over-year, up +16.33% over the past 3 years
All-Time High Comparison: NVS quarterly operating margin is currently -2.92% below its historical high of 34.63% set on March 31, 2025
3-Year Low Comparison: NVS quarterly operating margin is +38.58% above its 3-year low of 24.26% reached on December 31, 2023
Sector Comparison: NVS quarterly operating margin is higher than 93.62% of companies in Healthcare sector

Performance

NVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	33.62%	+2.4%	+11.2%	+16.3%	+34.3%
Annual Operating Margin	Dec 31, 25	30.05%	–	-2.0%	+22.4%	+35.2%
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 Operating Profit	Sep 30, 26	$4.85B	+2.5%	+15.7%	+42.5%	+48.9%
Quarterly Gross Margin	Sep 30, 26	75.40%	+1.3%	+1.1%	+4.6%	+7.8%
Quarterly Net Margin	Sep 30, 26	8.24%	-63.6%	-70.8%	-35.8%	-61.1%

Quarterly Operating Margin Highs

NVS Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	33.62%	Sep 30, 26	at high
3Y	34.63%	Mar 31, 25	-2.9%
5Y	34.63%	Mar 31, 25	-2.9%
All	34.63%	Mar 31, 25	-2.9%

Quarterly Operating Margin Lows

NVS Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	26.40%	Dec 31, 25	+27.4%
3Y	24.26%	Dec 31, 23	+38.6%
5Y	20.40%	Sep 30, 22	+64.8%
All	-216.25%	Dec 31, 01	+115.5%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	33.62%	+2.4%
Jun 2026	32.84%	+15.1%
Mar 2026	28.53%	+8.1%
Dec 2025	26.40%	-12.7%
Sep 2025	30.24%	-9.2%
Jun 2025	33.29%	-3.9%
Mar 2025	34.63%	+20.5%
Dec 2024	28.75%	-9.4%
Sep 2024	31.72%	+1.1%
Jun 2024	31.39%	+2.3%
Mar 2024	30.68%	+26.5%
Dec 2023	24.26%	-16.1%
Sep 2023	28.90%	+22.4%
Jun 2023	23.61%	-9.2%
Mar 2023	26.00%	-22.7%
Dec 2022	33.63%	+64.9%
Sep 2022	20.40%	-19.8%
Jun 2022	25.45%	+8.2%
Mar 2022	23.52%	+8.4%
Dec 2021	21.69%	-13.3%
Sep 2021	25.03%	+5.5%
Jun 2021	23.72%	+6.9%
Mar 2021	22.18%	+22.7%
Dec 2020	18.07%	-25.3%
Sep 2020	24.19%	+28.1%
Jun 2020	18.89%	-23.9%
Mar 2020	24.81%	+76.8%
Dec 2019	14.03%	-37.3%
Sep 2019	22.37%	-3.5%
Jun 2019	23.19%	+13.1%
Mar 2019	20.50%	+48.0%
Dec 2018	13.85%	-31.6%
Sep 2018	20.24%	+5.3%
Jun 2018	19.23%	-5.6%
Mar 2018	20.36%	+23.3%
Dec 2017	16.51%	-16.4%
Sep 2017	19.75%	+2.1%
Jun 2017	19.34%	+9.5%
Mar 2017	17.67%	+28.4%
Dec 2016	13.76%	-29.0%
Sep 2016	19.37%	+1.1%
Jun 2016	19.16%	-1.3%
Mar 2016	19.41%	+28.0%
Dec 2015	15.16%	-23.9%
Sep 2015	19.93%	-2.2%
Jun 2015	20.37%	-15.2%
Mar 2015	24.02%	+29.5%
Dec 2014	18.55%	-22.1%
Sep 2014	23.80%	-10.5%
Jun 2014	26.60%	+30.3%
Mar 2014	20.41%	+6.8%
Dec 2013	19.11%	-15.7%

Month	Value	Change
Sep 2013	22.66%	-5.9%
Jun 2013	24.08%	+32.0%
Mar 2013	18.24%	+41.1%
Dec 2012	12.93%	-27.4%
Sep 2012	17.80%	-2.3%
Jun 2012	18.21%	+13.3%
Mar 2012	16.07%	+134.6%
Dec 2011	6.85%	-60.1%
Sep 2011	17.16%	-2.0%
Jun 2011	17.51%	-14.2%
Mar 2011	20.40%	+19.1%
Dec 2010	17.13%	-30.0%
Sep 2010	24.47%	+5.7%
Jun 2010	23.15%	-13.0%
Mar 2010	26.60%	+16.8%
Dec 2009	22.77%	-8.3%
Sep 2009	24.83%	+9.7%
Jun 2009	22.64%	-0.3%
Mar 2009	22.70%	+32.5%
Dec 2008	17.13%	-22.3%
Sep 2008	22.04%	+0.3%
Jun 2008	21.98%	-3.3%
Mar 2008	22.74%	+243.5%
Dec 2007	6.62%	-71.8%
Sep 2007	23.48%	+12.6%
Jun 2007	20.86%	-11.3%
Mar 2007	23.52%	+50.5%
Dec 2006	15.63%	-31.3%
Sep 2006	22.74%	-4.4%
Jun 2006	23.78%	-5.4%
Mar 2006	25.13%	+25.1%
Dec 2005	20.09%	-18.3%
Sep 2005	24.58%	+4.3%
Jun 2005	23.57%	+20.7%
Mar 2005	19.53%	+8.9%
Dec 2004	17.93%	-18.8%
Sep 2004	22.08%	-14.2%
Jun 2004	25.73%	+14.4%
Mar 2004	22.50%	-5.7%
Dec 2003	23.86%	+0.8%
Sep 2003	23.66%	+0.3%
Jun 2003	23.59%	-0.1%
Mar 2003	23.61%	-2.0%
Dec 2002	24.10%	-1.8%
Sep 2002	24.55%	-4.7%
Jun 2002	25.76%	+12.6%
Mar 2002	22.87%	+110.6%
Dec 2001	-216.25%	-1,060.3%
Jun 2001	22.52%	+112.9%
Dec 2000	-174.01%	-844.3%
Jun 2000	23.38%	-

FAQ

What is the current quarterly operating margin of NVS?: As of today, NVS quarterly operating margin is 33.62%
What is NVS quarterly operating margin most recent change?: NVS quarterly operating margin was up +2.38% on September 30, 2026
What is 1-year change in NVS quarterly operating margin?: NVS quarterly operating margin is up +11.18% year-over-year
How far is NVS quarterly operating margin from its all-time high?: NVS quarterly operating margin is currently -2.92% below its historical high of 34.63% set on March 31, 2025
How does NVS quarterly operating margin rank versus sector peers?: NVS quarterly operating margin is higher than 93.62% of companies in Healthcare sector
When is NVS next earnings release?: The next earnings release for NVS is on February 3, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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