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How Sanofi (SNY) makes money
Sanofi (SNY) made $14.4B of revenue in the third quarter 2026 (Q3 2026). Sales at constant exchange rates brought in $14.2B (98%); Effect of exchange rates brought in $228M (2%). Of every dollar of revenue, 80¢ was left as gross profit, 30¢ was left as operating profit, 21¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Sales at constant exchange rates | $14.2B | 98.4% | — | — |
| Effect of exchange rates | $228M | 1.6% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $14.4B | 100.0% |
| Cost of revenue | $2.8B | 19.7% |
| Gross profit | $11.6B | 80.3% |
| Operating expenses | $7.3B | 50.2% |
| Operating profit | $4.3B | 30.1% |
| Net earnings | $3.0B | 21.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $14.4B | +16% |
From Sanofi's 6-K filed Oct 30, 2026 (on EDGAR).
Questions
How does Sanofi make money?
Sanofi (SNY) made $14.4B of revenue in the third quarter 2026 (Q3 2026). Sales at constant exchange rates brought in $14.2B (98%); Effect of exchange rates brought in $228M (2%). Of every dollar of revenue, 80¢ was left as gross profit, 30¢ was left as operating profit, 21¢ was left as net earnings.
What is Sanofi's biggest business?
Sales at constant exchange rates: $14.2B in the third quarter 2026, 98% of revenue.
What is Sanofi's profit margin?
Net earnings were $3.0B, 21.0% of revenue, in the third quarter 2026; the operating margin was 30.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.