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Novartis AG (NVS) Q1 2026 earnings results (first quarter 2026)

6-K filed Apr 28, 2026

Novartis AG (NVS) reported revenue of $13.1B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier. Operating margin was 32.3%, net earnings $3.2B (24.1% of revenue).

Revenue$13.1B
Year over year-0.9%
Quarter over quarter—
Operating margin32.3%
Net earnings$3.2B

Novartis AG, Q1 2026: revenue $13.1B (-0.9% year over year), operating margin 32.3%, net earnings $3.2B. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$13.1B—-0.9%
Operating profit$4.2B—-9%
Net earnings$3.2B—-13%

What changed

Revenue was $13.1B in Q1 2026, down 1% year over year.

Operating profit was $4.2B, a 32.3% margin (down 2.9 points year over year). Total costs grew 4% against a revenue fall of 1%. Net earnings were $3.2B, down 13% year over year. The effective tax rate was 0.0%.

Questions

What was Novartis AG's revenue in the first quarter 2026?

Novartis AG (NVS) reported revenue of $13.1B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier.

Was Novartis AG profitable in the first quarter 2026?

Operating profit was $4.2B (32.3% of revenue) and net earnings $3.2B.

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Source: Novartis AG 6-K on SEC EDGAR.