v3.25.2
Consolidated income statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement [line items]        
Net sales to third parties $ 14,054 $ 12,512 $ 27,287 $ 24,341
Other revenues 782 360 1,169 651
Cost of goods sold (3,322) (3,173) (6,549) (6,269)
Gross profit 11,514 9,699 21,907 18,723
Selling, general and administration (3,442) (3,091) (6,500) (5,931)
Research and development (2,727) (2,367) (5,093) (4,788)
Other income 548 273 774 522
Other expense (1,029) (500) (1,561) (1,139)
Operating income 4,864 4,014 9,527 7,387
Loss from associated companies (3) (2) (6) (31)
Interest expense (289) (246) (559) (467)
Other financial income and expense (41) 75 (24) 81
Income before taxes 4,531 3,841 8,938 6,970
Income taxes (507) (595) (1,305) (1,036)
Net income 4,024 3,246 7,633 5,934
Attributable to        
Shareholders of Novartis AG 4,041 3,246 7,647 5,934
Non-controlling interests $ (17) $ 0 $ (14) $ 0
Basic earnings per share [abstract]        
Weighted average number of ordinary shares outstanding 1,948 2,033 1,958 2,038
Basic earnings per share [1] $ 2.07 $ 1.60 $ 3.91 $ 2.91
Diluted earnings per share [abstract]        
Adjusted weighted average number of ordinary shares outstanding 1,960 2,046 1,970 2,052
Diluted earnings per share [1] $ 2.06 $ 1.59 $ 3.88 $ 2.89
[1] Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.