What is the current annual payout ratio of NVS?

As of today, NVS annual payout ratio is 55.97%

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

NVS annual payout ratio is down -12.36% year-over-year

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

NVS annual payout ratio is down -54.90% over the past 3 years

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

NVS annual payout ratio is currently -54.90% below its historical high of 124.09% set on December 31, 2022

How does NVS annual payout ratio rank versus sector peers?

NVS annual payout ratio is higher than 98.47% 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 TTM payout ratio of NVS?

As of today, NVS TTM payout ratio is 90.53%

What is NVS TTM payout ratio most recent change?

NVS TTM payout ratio remained unchanged on November 6, 2026

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

NVS TTM payout ratio is up +66.20% year-over-year

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

NVS TTM payout ratio is currently -36.34% below its historical high of 142.21% set on June 29, 2001

How does NVS TTM payout ratio rank versus sector peers?

NVS TTM payout ratio is higher than 98.76% of companies in Healthcare sector

When is NVS next earnings release?

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

What is the current quarterly payout ratio of NVS?

As of today, NVS quarterly payout ratio is 1.61%

What is NVS quarterly payout ratio most recent change?

NVS quarterly payout ratio was down -98.17% on September 30, 2026

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

NVS quarterly payout ratio is up +111.84% year-over-year

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

NVS quarterly payout ratio is currently -99.59% below its historical high of 390.09% set on March 31, 2017

How does NVS quarterly payout ratio rank versus sector peers?

NVS quarterly payout ratio is higher than 93.63% 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) Payout Ratio History & Chart Since 1993

Annual Payout Ratio

55.97%7.89%-12.36%

December 31, 2025

Summary

Current Value: As of today, NVS annual payout ratio is 55.97%, down -12.36% on December 31, 2025
Historical Performance: NVS annual payout ratio is down -54.90% over the past 3 years, down -34.96% over the past 5 years
All-Time High Comparison: NVS annual payout ratio is currently -54.90% below its historical high of 124.09% set on December 31, 2022
3-Year Low Comparison: NVS annual payout ratio is at its 3-year low
Sector Comparison: NVS annual payout ratio is higher than 98.47% of companies in Healthcare sector

Payout Ratio Chart

Performance

NVS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Payout Ratio	Dec 31, 25	55.97%	-12.4%	-54.9%	-35.0%	+24.4%
Quarterly Payout Ratio	Sep 30, 26	1.61%	+111.8%	+100.0%	+100.0%	-73.0%
TTM Payout Ratio	Nov 6, 26	90.53%	+66.2%	+1.8%	+29.5%	+84.5%
Price	Nov 6, 26	$162.55	+28.4%	+73.9%	+94.3%	+223.4%
Annual Dividend Yield	Nov 6, 26	2.46%	-16.6%	-27.0%	-29.5%	-33.0%
Annual Dividends Paid	Dec 31, 25	$7.86B	+3.1%	+4.5%	+12.5%	+76.6%
Annual Dividend	Dec 31, 25	$3.99	+6.8%	+26.9%	+36.6%	+116.5%
Annual Free Cash Flow	Dec 31, 25	$15.32B	+11.1%	+27.5%	+39.2%	+30.5%
Annual Revenue	Dec 31, 25	$54.81B	+9.0%	+29.6%	+12.0%	+9.2%
Annual EPS	Dec 31, 25	$7.19	+22.6%	+126.7%	+103.3%	+70.1%

Payout Ratio Highs

NVS Annual Payout Ratio Highs Comparison
Period	High	Date	Current
3Y	124.09%	N/A	-54.9%
5Y	124.09%	Dec 31, 22	-54.9%
All	124.09%	Dec 31, 22	-54.9%

Payout Ratio Lows

NVS Annual Payout Ratio Lows Comparison
Period	Low	Date	Current
3Y	55.97%	Dec 31, 25	at low
5Y	30.68%	Dec 31, 21	+82.4%
All	0.00%	Dec 1, 94	N/A

Payout Ratio History

Year	Value	Change
2025	55.97%	-12.4%
2024	63.86%	-24.6%
2023	84.64%	-31.8%
2022	124.09%	+304.5%
2021	30.68%	-64.4%
2020	86.06%	-7.4%
2019	92.98%	+70.9%
2018	54.42%	-35.5%
2017	84.32%	-12.8%
2016	96.67%	+2.3%
2015	94.52%	+48.9%
2014	63.48%	-2.8%
2013	65.29%	+2.3%
2012	63.84%	+10.0%
2011	58.06%	+29.0%
2010	45.00%	-3.5%
2009	46.62%	+13.8%

Year	Value	Change
2008	40.98%	+3.2%
2007	39.72%	+33.1%
2006	29.85%	-14.1%
2005	34.76%	-0.9%
2004	35.09%	+3.0%
2003	34.07%	+9.0%
2002	31.27%	+0.4%
2001	31.15%	+9.5%
2000	28.46%	-1.7%
1999	28.94%	+2.7%
1998	28.19%	+7.1%
1997	26.33%	-47.6%
1996	50.22%	+127.3%
1995	22.09%	>+9,900.0%
1994	0.00%	-100.0%
1993	20.85%	-

FAQ

What is the current annual payout ratio of NVS?: As of today, NVS annual payout ratio is 55.97%
What is 1-year change in NVS annual payout ratio?: NVS annual payout ratio is down -12.36% year-over-year
What is 3-year change in NVS annual payout ratio?: NVS annual payout ratio is down -54.90% over the past 3 years
How far is NVS annual payout ratio from its all-time high?: NVS annual payout ratio is currently -54.90% below its historical high of 124.09% set on December 31, 2022
How does NVS annual payout ratio rank versus sector peers?: NVS annual payout ratio is higher than 98.47% of companies in Healthcare sector
When is NVS next annual earnings release?: The next annual earnings release for NVS is on February 3, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

TTM Payout Ratio

90.53%0.00%0.00%

November 6, 2026

Summary

Current Value: As of today, NVS TTM payout ratio is 90.53%, unchanged on November 6, 2026
Historical Performance: NVS TTM payout ratio is up +66.20% year-over-year, up +1.78% over the past 3 years
All-Time High Comparison: NVS TTM payout ratio is currently -36.34% below its historical high of 142.21% set on June 29, 2001
3-Year Low Comparison: NVS TTM payout ratio is +107.54% above its 3-year low of 43.62% reached on September 30, 2024
Sector Comparison: NVS TTM payout ratio is higher than 98.76% of companies in Healthcare sector

Performance

NVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Payout Ratio	Nov 6, 26	90.53%	+26.6%	+66.2%	+1.8%	+29.5%
Quarterly Payout Ratio	Sep 30, 26	1.61%	-98.2%	+111.8%	+100.0%	+100.0%
Annual Payout Ratio	Dec 31, 25	55.97%	–	-12.4%	-54.9%	-35.0%
Price	Nov 6, 26	$162.55	+5.4%	+28.4%	+73.9%	+94.3%
TTM Dividend Yield	Nov 6, 26	2.92%	-4.9%	-7.6%	-17.5%	-19.3%
TTM Dividends Paid	Sep 30, 26	$9.12B	-0.1%	+15.0%	+25.1%	+23.0%
TTM Dividend	Nov 6, 26	$4.74	0.0%	+18.7%	+43.1%	+56.5%
TTM Free Cash Flow	Sep 30, 26	$13.99B	-6.7%	-18.4%	+3.0%	+14.9%
TTM Revenue	Sep 30, 26	$55.35B	+1.0%	+1.7%	+23.9%	+8.1%
TTM EPS	Sep 30, 26	$5.24	-21.0%	-28.6%	+40.6%	+20.9%

TTM Payout Ratio Highs

NVS TTM Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	90.53%	Sep 1, 26	at high
3Y	90.53%	Sep 1, 26	at high
5Y	104.68%	Mar 9, 23	-13.5%
All	142.21%	Jun 29, 01	-36.3%

TTM Payout Ratio Lows

NVS TTM Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	54.47%	Nov 6, 25	+66.2%
3Y	43.62%	Sep 30, 24	+107.5%
5Y	28.43%	Dec 31, 21	+218.4%
All	0.00%	Nov 7, 96	N/A

TTM Payout Ratio History

Month	Value	Change
Nov 2026	90.53%	0.0%
Sep 2026	90.53%	+26.6%
Jun 2026	71.51%	+5.9%
Mar 2026	67.55%	+21.5%
Dec 2025	55.58%	+2.0%
Sep 2025	54.47%	-6.1%
Jun 2025	58.00%	-7.4%
Mar 2025	62.62%	-1.8%
Dec 2024	63.78%	+46.2%
Sep 2024	43.62%	-8.4%
Jun 2024	47.64%	-6.1%
Mar 2024	50.76%	+9.5%
Dec 2023	46.36%	-47.9%
Sep 2023	88.95%	-3.5%
Jun 2023	92.17%	-9.4%
Mar 2023	101.76%	+2.3%
Dec 2022	99.49%	+207.1%
Sep 2022	32.40%	+5.2%
Jun 2022	30.80%	+5.0%
Mar 2022	29.32%	+3.1%
Dec 2021	28.43%	-59.3%
Sep 2021	69.90%	-8.8%
Jun 2021	76.68%	-12.0%
Mar 2021	87.09%	+4.8%
Dec 2020	83.08%	-12.1%
Sep 2020	94.55%	+1.6%
Jun 2020	93.09%	+67.0%
Mar 2020	55.74%	+4.9%
Dec 2019	53.14%	+0.4%
Sep 2019	52.93%	-3.7%
Jun 2019	54.99%	+7.9%
Mar 2019	50.95%	-1.5%
Dec 2018	51.70%	+6.1%
Sep 2018	48.72%	+3.2%
Jun 2018	47.21%	-42.0%
Mar 2018	81.36%	+2.8%
Dec 2017	79.16%	-13.5%
Sep 2017	91.56%	-2.5%
Jun 2017	93.90%	-2.9%
Mar 2017	96.72%	+5.3%
Dec 2016	91.89%	+1.4%
Sep 2016	90.60%	-1.4%
Jun 2016	91.89%	0.0%
Mar 2016	91.89%	+165.0%
Dec 2015	34.67%	+2.3%
Sep 2015	33.88%	+7.2%

Month	Value	Change
Jun 2015	31.59%	+3.7%
Mar 2015	30.45%	-51.2%
Dec 2014	62.35%	+5.1%
Sep 2014	59.33%	-9.1%
Jun 2014	65.25%	-1.0%
Mar 2014	65.94%	+6.7%
Dec 2013	61.81%	-0.2%
Sep 2013	61.93%	+1.1%
Jun 2013	61.26%	+0.7%
Mar 2013	60.81%	-4.6%
Dec 2012	63.73%	-9.4%
Sep 2012	70.31%	+4.2%
Jun 2012	67.45%	+4.6%
Mar 2012	64.48%	+16.2%
Dec 2011	55.48%	+13.1%
Sep 2011	49.07%	-1.9%
Jun 2011	50.01%	-4.3%
Mar 2011	52.27%	+21.5%
Dec 2010	43.02%	+1.7%
Sep 2010	42.32%	-2.6%
Jun 2010	43.45%	-2.9%
Mar 2010	44.76%	+1.2%
Dec 2009	44.25%	-10.9%
Sep 2009	49.66%	+0.8%
Jun 2009	49.26%	+1.3%
Mar 2009	48.63%	+17.5%
Dec 2008	41.37%	-7.4%
Sep 2008	44.67%	-7.3%
Jun 2008	48.20%	+30.8%
Dec 2007	36.86%	+29.5%
Dec 2006	28.47%	-12.0%
Dec 2005	32.34%	+3.3%
Dec 2004	31.31%	-5.4%
Jun 2004	33.08%	-3.7%
Mar 2004	34.36%	+5.8%
Dec 2003	32.47%	-5.0%
Sep 2003	34.17%	-2.0%
Jun 2003	34.88%	-3.0%
Mar 2003	35.96%	+28.9%
Dec 2002	27.89%	>+9,900.0%
Dec 2001	0.00%	-100.0%
Dec 2000	37.46%	>+9,900.0%
Dec 1999	0.00%	0.0%
Dec 1998	0.00%	0.0%
Dec 1997	0.00%	0.0%
Dec 1996	0.00%	-

FAQ

What is the current TTM payout ratio of NVS?: As of today, NVS TTM payout ratio is 90.53%
What is NVS TTM payout ratio most recent change?: NVS TTM payout ratio remained unchanged on November 6, 2026
What is 1-year change in NVS TTM payout ratio?: NVS TTM payout ratio is up +66.20% year-over-year
How far is NVS TTM payout ratio from its all-time high?: NVS TTM payout ratio is currently -36.34% below its historical high of 142.21% set on June 29, 2001
How does NVS TTM payout ratio rank versus sector peers?: NVS TTM payout ratio is higher than 98.76% of companies in Healthcare sector
When is NVS next earnings release?: The next earnings release for NVS is on February 3, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Quarterly Payout Ratio

1.61%86.32%-98.17%

September 30, 2026

Summary

Current Value: As of today, NVS quarterly payout ratio is 1.61%, down -98.17% on September 30, 2026
Historical Performance: NVS quarterly payout ratio is up +111.84% year-over-year, up +100.00% over the past 3 years
All-Time High Comparison: NVS quarterly payout ratio is currently -99.59% below its historical high of 390.09% set on March 31, 2017
Sector Comparison: NVS quarterly payout ratio is higher than 93.63% of companies in Healthcare sector

Performance

NVS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Payout Ratio	Sep 30, 26	1.61%	-98.2%	+111.8%	+100.0%	+100.0%
Annual Payout Ratio	Dec 31, 25	55.97%	–	-12.4%	-54.9%	-35.0%
TTM Payout Ratio	Nov 6, 26	90.53%	+26.6%	+66.2%	+1.8%	+29.5%
Price	Nov 6, 26	$162.55	+5.4%	+28.4%	+73.9%	+94.3%
TTM Dividend Yield	Nov 6, 26	2.92%	-4.9%	-7.6%	-17.5%	-19.3%
Quarterly Dividends Paid	Sep 30, 26	$19.19M	-99.3%	-35.6%	+100.0%	+100.0%
TTM Dividend	Nov 6, 26	$4.74	0.0%	+18.7%	+43.1%	+56.5%
Quarterly Free Cash Flow	Sep 30, 26	$4.74B	-7.5%	-17.4%	+1.1%	+8.5%
Quarterly Revenue	Sep 30, 26	$14.44B	+0.1%	+4.0%	+22.5%	+10.8%
Quarterly EPS	Sep 30, 26	$0.63	-63.3%	-69.0%	-26.1%	-48.7%

Quarterly Payout Ratio Highs

NVS Quarterly Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	196.36%	Mar 31, 26	-99.2%
3Y	196.36%	Mar 31, 26	-99.2%
5Y	338.26%	Mar 31, 22	-99.5%
All	390.09%	Mar 31, 17	-99.6%

Quarterly Payout Ratio Lows

NVS Quarterly Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	0.42%	Dec 31, 25	+283.3%
3Y	0.00%	Dec 31, 23	N/A
5Y	0.00%	Dec 31, 21	N/A
All	0.00%	Jun 30, 03	N/A

Quarterly Payout Ratio History

Month	Value	Change
Sep 2026	1.61%	-98.2%
Jun 2026	87.93%	-55.2%
Mar 2026	196.36%	>+9,900.0%
Dec 2025	0.42%	-44.7%
Sep 2025	0.76%	-98.8%
Jun 2025	62.73%	-57.5%
Mar 2025	147.77%	>+9,900.0%
Dec 2024	0.00%	0.0%
Sep 2024	0.00%	-100.0%
Jun 2024	74.46%	-61.6%
Mar 2024	193.71%	>+9,900.0%
Dec 2023	0.00%	0.0%
Sep 2023	0.00%	-100.0%
Jun 2023	0.42%	-99.9%
Mar 2023	337.44%	>+9,900.0%
Dec 2022	0.71%	+77.5%
Sep 2022	0.40%	>+9,900.0%
Jun 2022	0.00%	-100.0%
Mar 2022	338.26%	>+9,900.0%
Dec 2021	0.00%	0.0%
Sep 2021	0.00%	0.0%
Jun 2021	0.00%	-100.0%
Mar 2021	357.84%	>+9,900.0%
Dec 2020	1.98%	>+9,900.0%
Sep 2020	0.00%	0.0%
Jun 2020	0.00%	-100.0%
Mar 2020	321.54%	>+9,900.0%
Dec 2019	0.00%	0.0%
Sep 2019	0.00%	0.0%
Jun 2019	0.00%	-100.0%
Mar 2019	355.73%	>+9,900.0%
Dec 2018	1.35%	+16.4%
Sep 2018	1.16%	+329.6%
Jun 2018	0.27%	-99.9%
Mar 2018	353.60%	>+9,900.0%
Dec 2017	0.00%	0.0%
Sep 2017	0.00%	0.0%
Jun 2017	0.00%	-100.0%
Mar 2017	390.09%	>+9,900.0%
Dec 2016	0.00%	0.0%
Sep 2016	0.00%	0.0%

Month	Value	Change
Jun 2016	0.00%	-100.0%
Mar 2016	321.98%	>+9,900.0%
Dec 2015	0.00%	0.0%
Sep 2015	0.00%	0.0%
Jun 2015	0.00%	-100.0%
Mar 2015	288.07%	>+9,900.0%
Dec 2014	0.00%	-100.0%
Sep 2014	3.71%	+70.2%
Jun 2014	2.18%	-99.0%
Mar 2014	229.45%	>+9,900.0%
Dec 2013	0.52%	-27.8%
Sep 2013	0.72%	-54.4%
Jun 2013	1.58%	-99.4%
Mar 2013	252.11%	+5,616.8%
Dec 2012	4.41%	-29.2%
Sep 2012	6.23%	+189.8%
Jun 2012	2.15%	-99.2%
Mar 2012	264.87%	+3,604.5%
Dec 2011	7.15%	+20.0%
Sep 2011	5.96%	+42.2%
Jun 2011	4.19%	-97.8%
Mar 2011	189.72%	>+9,900.0%
Dec 2010	1.05%	-36.4%
Sep 2010	1.65%	-53.1%
Jun 2010	3.52%	-97.7%
Mar 2010	151.56%	>+9,900.0%
Dec 2009	0.57%	-57.1%
Sep 2009	1.33%	+224.4%
Jun 2009	0.41%	-99.8%
Mar 2009	199.04%	+8,158.9%
Dec 2008	2.41%	+630.3%
Sep 2008	0.33%	-99.8%
Jun 2008	147.18%	+4.9%
Dec 2004	140.24%	+11.6%
Jun 2004	125.67%	-14.0%
Mar 2004	146.18%	+3,016.8%
Dec 2003	4.69%	>+9,900.0%
Sep 2003	0.00%	0.0%
Jun 2003	0.00%	-100.0%
Mar 2003	151.61%	-

FAQ

What is the current quarterly payout ratio of NVS?: As of today, NVS quarterly payout ratio is 1.61%
What is NVS quarterly payout ratio most recent change?: NVS quarterly payout ratio was down -98.17% on September 30, 2026
What is 1-year change in NVS quarterly payout ratio?: NVS quarterly payout ratio is up +111.84% year-over-year
How far is NVS quarterly payout ratio from its all-time high?: NVS quarterly payout ratio is currently -99.59% below its historical high of 390.09% set on March 31, 2017
How does NVS quarterly payout ratio rank versus sector peers?: NVS quarterly payout ratio is higher than 93.63% of companies in Healthcare sector
When is NVS next earnings release?: The next earnings release for NVS is on February 3, 2027

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 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