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How Novartis AG (NVS) makes money
Novartis AG (NVS) made $14.5B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 13¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $14.5B | 100.0% |
| Operating profit | $1.8B | 12.7% |
| Net earnings | $1.2B | 8.2% |
| Operating cash flow | $5.5B | 37.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $14.5B | +4% |
From Novartis AG's 6-K filed Oct 27, 2026 (on EDGAR).
Questions
How does Novartis AG make money?
Novartis AG (NVS) made $14.5B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 13¢ was left as operating profit, 8¢ was left as net earnings.
What is Novartis AG's profit margin?
Net earnings were $1.2B, 8.2% of revenue, in the third quarter 2026; the operating margin was 12.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.