NVS · NYSE · Drug Manufacturers - General

Novartis (ADR) (NVS)

Develops innovative medicines across four therapeutic areas and multiple advanced technology platforms.

$140.40
vs last close−0.58 (−0.41%)
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Novartis AGNVS
Health Care

Develops innovative medicines for cardiovascular-renal-metabolic disease, immunology, neuroscience and oncology using established biologics and chemistry alongside gene and cell, radioligand and xRNA platforms. A decade of separations left innovative medicines as the sole operating focus, with products sold across approximately 120 countries.

Develops and markets innovative medicines across cardiovascular-renal-metabolic disease, immunology, neuroscience and oncology. Its science base combines chemistry and biotherapeutics with gene and cell therapy, radioligand therapy and xRNA platforms.

Products are sold across approximately 120 countries from a Basel headquarters. The operating portfolio was narrowed through the Alcon separation and Sandoz spin-off, leaving innovative medicines as the sole focus; targeted acquisitions add selected therapeutic assets and technology platforms.

Execution centers on a unified research organization and continued portfolio reshaping. The business depends on successful drug development, regulatory approvals, patent protection, and reliable clinical and product-testing data, while promotion and payment practices remain subject to compliance controls.

Company facts

CEOVasant Narasimhan
ListedMay 11, 2000
ExchangeNYSE
HeadquartersBasel, Switzerland
CountrySwitzerland
Employees75,267
CIK0001114448
ISINUS66987V1098

Market cap$267.96B
EPS (ttm)$6.63
P/E (ttm)21.26
ROE29.9%
P/B6.45
P/S4.82
Dividend yieldDiv yield3.36%
Beta0.36vs XLV 1.09

Price target$153.00+8.5%Average of 25 analysts
ConsensusHold17 of 25 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 10, 2026HSBCUpgrade
Rating: ReduceTarget: $112
Rating: HoldTarget: $136
Sep 9, 2026HSBCUpgrade
Rating: Reduce
Rating: Hold
Sep 8, 2026Deutsche BankDowngrade
Rating: Buy
Rating: Hold
Sep 8, 2026RBC CapitalInitiate
Rating:
Rating: Sector Perform
Mar 26, 2026Morgan StanleyReiterate
Rating: Target: $143
Rating: OverweightTarget: $170

Next report
Oct 27, 26
in 35 days
EPS estimate
$2.24
Revenue estimate
$14.62B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.98$2.28$2.42$2.25$2.03$1.99$2.41Pending
Estimate$1.80$2.12$2.38$2.26$1.99$2.11$2.17$2.24
Surprise+10.0%+7.5%+1.7%−0.4%+2.0%−5.7%+11.1%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$13.56B$13.62B$14.28B$14.36B$13.34B$13.11B$14.41BPending
Estimate$12.84B$13.90B$13.94B$13.64B$13.70B$13.44B$14.07B$14.62B
Surprise+5.6%−2.0%+2.5%+5.3%−2.7%−2.4%+2.4%
Estimate$2.24
ReportedDue Oct 27, 2026
Estimate$14.62B
ReportedDue Oct 27, 2026
View details

Debt to equity118.00%
Current ratio86.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$13.17B$13.56B$13.62B$14.84B$14.36B$13.33B$13.52B$14.42B
Net income$3.19B$2.82B$3.61B$4.04B$3.93B$2.41B$3.16B$3.27B
Net margin24.2%20.8%26.5%27.2%27.4%18.1%23.3%22.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$3.63B$3.53B$4.66B$4.86B$4.50B$3.52B$4.24B$4.74B
YoY growth+105.8%+36.7%+38.2%+21.2%+24.1%−0.3%−9.2%−2.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $7.69B · Total debt $49.01B · Total assets $122.03B · Shareholders' equity $41.54B

Revenue
$14.42B
Operating income
$4.74B
Net income
$3.27B
View details

Dividend yield
3.36%
Next ex-date
Mar 11, 27
estimated · in 170 days
Annual dividend
$4.74
per share
Schedule
Annual
one payment a year

HistoryDividendAnnual yield

Mar '22Mar '23Mar '24Mar '25Mar '26
Dividend$3.3253$3.4987$3.1986$3.994$4.7403
Annual yield4.39%4.62%3.20%3.68%3.04%
Ex-dateMar 8Mar 9Mar 7Mar 12Mar 11
Payment dateMar 17Mar 20Apr 19Apr 25Mar 16
View details

Institutions7.14%136.17M ADS
1,672 holders · as of Jun 30, 2026
Strategic holders7.32%139.60M ADS
1 holder · as of Jul 17, 2025
Other85.54%1.63B ADS
remainder

1.91B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLCStrategic
7.32%139.60Mfiled Jul 17, 2025
Fisher Asset Management, LLCInstitution
0.81%15.52M ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.46%8.73M ADSas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
0.43%8.12M ADSas of Jun 30, 2026
Primecap Management Co/CA/Institution
0.35%6.59M ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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Compare

CompanyPriceChange
Novartis (ADR)$140.40−0.41%$267.96B21.314.94.8+0.9%
AstraZeneca (ADR)$167.17−0.55%$260.70B25.215.74.2+6.4%
Eli Lilly$1,141.01−2.05%$1.10T39.127.913.8+47.7%
AbbVie$262.58−0.72%$467.37B74.517.37.3+10.2%
Merck$148.57−0.62%$369.24B119.617.25.6+5.1%
Median56.817.26.4+8.3%