AbbVie Inc. (ABBV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 15B | 16.62B | 15.78B | 15.42B | 13.34B | 15.1B | 14.46B | 14.46B | 12.31B | 14.3B | 13.93B | 13.87B | 12.22B | 15.12B | 14.81B | 14.58B | 13.54B | 14.89B | 14.34B | 13.96B |
| Revenue Growth % | 12.43% | 10.04% | 9.1% | 6.64% | 8.39% | 5.6% | 3.83% | 4.31% | 0.7% | -5.42% | -5.97% | -4.92% | -9.7% | 1.58% | 3.28% | 4.47% | 4.06% | 7.42% | 11.16% | 33.9% |
| Cost of Goods Sold | 4.22B | 4.55B | 5.3B | 4.35B | 4B | 4.4B | 4.21B | 4.2B | 4.09B | 5.7B | 6.49B | 4.24B | 3.99B | 4.17B | 5.02B | 4.17B | 4.05B | 4.32B | 4.39B | 4.52B |
| COGS % of Revenue | 28.12% | 27.39% | 33.62% | 28.18% | 29.99% | 29.11% | 29.13% | 29.06% | 33.26% | 39.89% | 46.56% | 30.58% | 32.61% | 27.58% | 33.9% | 28.59% | 29.93% | 29.02% | 30.61% | 32.4% |
| Gross Profit | 10.78B | 12.07B | 10.47B | 11.08B | 9.34B | 10.71B | 10.25B | 10.26B | 8.22B | 8.6B | 7.44B | 9.63B | 8.24B | 10.95B | 9.79B | 10.41B | 9.49B | 10.57B | 9.95B | 9.44B |
| Gross Margin % | 71.88% | 72.61% | 66.38% | 71.82% | 70.01% | 70.89% | 70.87% | 70.94% | 66.74% | 60.11% | 53.44% | 69.42% | 67.39% | 72.42% | 66.1% | 71.41% | 70.07% | 70.98% | 69.39% | 67.6% |
| Gross Profit Growth % | 15.45% | 12.7% | 2.19% | 7.96% | 13.69% | 24.53% | 37.7% | 6.6% | -0.28% | -21.5% | -23.98% | -7.57% | -13.15% | 3.64% | -1.63% | 10.35% | 7.83% | 15.17% | 26.74% | 40.54% |
| Operating Expenses | 6.05B | 6.26B | 8.57B | 6.18B | 5.61B | 12.2B | 6.42B | 6.26B | 5.42B | 5.4B | 5.16B | 5.11B | 5.47B | 5.45B | 5.19B | 7.12B | 4.77B | 5.49B | 5.65B | 5B |
| OpEx % of Revenue | 40.33% | 37.65% | 54.31% | 40.09% | 42.03% | 80.76% | 44.38% | 43.3% | 44.01% | 37.77% | 37.06% | 36.87% | 44.75% | 36.04% | 35.02% | 48.81% | 35.23% | 36.89% | 39.37% | 35.78% |
| Selling, General & Admin | 3.58B | 3.9B | 3.57B | 3.25B | 3.29B | 3.85B | 4.21B | 3.38B | 3.31B | 3.19B | 3.37B | 3.27B | 3.04B | 3.42B | 3.3B | 5.41B | 3.13B | 3.26B | 3.08B | 3.16B |
| SG&A % of Revenue | 23.85% | 23.44% | 22.62% | 21.09% | 24.68% | 25.53% | 29.08% | 23.35% | 26.93% | 22.33% | 24.21% | 23.57% | 24.86% | 22.6% | 22.31% | 37.11% | 23.1% | 21.9% | 21.5% | 22.67% |
| Research & Development | 2.47B | 2.58B | 2.32B | 2.13B | 2.07B | 6.77B | 2.13B | 1.95B | 1.94B | 2.21B | 1.72B | 1.73B | 2.29B | 2.03B | 1.65B | 1.88B | 1.64B | 2.23B | 2.06B | 1.9B |
| R&D % of Revenue | 16.48% | 15.52% | 14.7% | 13.82% | 15.49% | 44.86% | 14.73% | 13.47% | 15.75% | 15.45% | 12.37% | 12.5% | 18.75% | 13.44% | 11.17% | 12.88% | 12.13% | 14.99% | 14.38% | 13.6% |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 0 | 0 | 1000K | -1000K |
| Operating Income | 4.73B | 5.81B | 1.9B | 4.89B | 3.73B | -1.49B | 3.83B | 4B | 2.8B | 3.19B | 2.28B | 4.51B | 2.77B | 5.5B | 4.6B | 3.29B | 4.72B | 5.07B | 4.31B | 4.44B |
| Operating Margin % | 31.56% | 34.96% | 12.07% | 31.73% | 27.98% | -9.87% | 26.49% | 27.64% | 22.73% | 22.34% | 16.38% | 32.55% | 22.64% | 36.39% | 31.08% | 22.59% | 34.84% | 34.09% | 30.02% | 31.81% |
| Operating Income Growth % | 26.81% | 489.87% | -50.3% | 22.41% | 33.42% | -146.64% | 67.95% | -11.41% | 1.08% | -41.93% | -50.45% | 36.97% | -41.32% | 8.44% | 6.9% | -25.8% | 14.96% | 35.2% | 32.29% | 490.56% |
| EBITDA | 6.67B | 7.8B | 3.97B | 6.94B | 5.77B | 612M | 5.91B | 6.13B | 4.87B | 5.27B | 4.52B | 6.77B | 4.89B | 7.66B | 6.81B | 5.35B | 6.77B | 7.05B | 6.43B | 6.64B |
| EBITDA Margin % | 44.46% | 46.91% | 25.15% | 45.02% | 43.26% | 4.05% | 40.87% | 42.38% | 39.58% | 36.86% | 32.43% | 48.85% | 40.04% | 50.65% | 45.96% | 36.67% | 50.01% | 47.38% | 44.85% | 47.58% |
| EBITDA Growth % | 15.56% | 1173.86% | -32.88% | 13.3% | 18.47% | -88.39% | 30.87% | -9.51% | -0.47% | -31.18% | -33.67% | 26.67% | -27.7% | 8.59% | 5.83% | -19.48% | 7.15% | 21.23% | 15.97% | 187.86% |
| D&A (Non-Cash Add-back) | 1.94B | 1.99B | 2.06B | 2.05B | 2.04B | 2.1B | 2.08B | 2.13B | 2.07B | 2.08B | 2.23B | 2.26B | 2.13B | 2.16B | 2.21B | 2.05B | 2.05B | 1.98B | 2.13B | 2.2B |
| EBIT | 1.76B | 3.38B | 1.45B | 2.29B | 2.36B | -1.57B | 2.8B | 2.87B | 2.42B | 1.78B | 2.51B | 3.16B | 1.03B | 3.53B | 4.96B | 1.74B | 5.48B | 4.85B | 4.28B | 1.78B |
| Net Interest Income | -645M | -655M | -667M | -678M | -627M | -610M | -591M | -506M | -453M | -378M | -398M | -454M | -454M | -476M | -497M | -532M | -539M | -571M | -585M | -606M |
| Interest Income | 72M | 59M | 72M | 62M | 73M | 92M | 129M | 220M | 207M | 186M | 157M | 98M | 99M | 90M | 63M | 24M | 9M | 9M | 11M | 9M |
| Interest Expense | 717M | 714M | 739M | 740M | 700M | 702M | 720M | 726M | 660M | 564M | 555M | 552M | 553M | 566M | 560M | 556M | 548M | 580M | 596M | 615M |
| Other Income/Expense | -3.69B | -3.14B | -1.19B | -3.34B | -2.07B | -779M | -1.75B | -1.85B | -1.04B | -1.98B | -328M | -1.9B | -2.29B | -2.54B | -203M | -2.11B | 212M | -803M | -618M | -3.28B |
| Pretax Income | 1.04B | 2.67B | 714M | 1.55B | 1.66B | -2.27B | 2.08B | 2.15B | 1.75B | 1.21B | 1.95B | 2.61B | 475M | 2.96B | 4.4B | 1.18B | 4.93B | 4.27B | 3.69B | 1.16B |
| Pretax Margin % | 6.93% | 16.05% | 4.53% | 10.08% | 12.45% | -15.02% | 14.41% | 14.84% | 14.26% | 8.47% | 14.02% | 18.82% | 3.89% | 19.61% | 29.71% | 8.11% | 36.41% | 28.69% | 25.71% | 8.33% |
| Income Tax | 342M | 853M | 526M | 613M | 372M | -2.25B | 520M | 773M | 383M | 388M | 172M | 583M | 234M | 493M | 448M | 255M | 436M | 226M | 508M | 394M |
| Effective Tax Rate % | 32.92% | 31.97% | 73.67% | 39.45% | 22.4% | 98.99% | 24.95% | 36.02% | 21.82% | 32.01% | 8.81% | 22.34% | 49.26% | 16.63% | 10.18% | 21.56% | 8.85% | 5.29% | 13.77% | 33.88% |
| Net Income | 699M | 1.82B | 186M | 938M | 1.29B | -22M | 1.56B | 1.37B | 1.37B | 822M | 1.78B | 2.02B | 239M | 2.47B | 3.95B | 924M | 4.49B | 4.04B | 3.18B | 766M |
| Net Margin % | 4.66% | 10.93% | 1.18% | 6.08% | 9.64% | -0.15% | 10.8% | 9.47% | 11.12% | 5.75% | 12.77% | 14.6% | 1.96% | 16.35% | 26.66% | 6.34% | 33.17% | 27.17% | 22.17% | 5.49% |
| Net Income Growth % | -45.65% | 8354.55% | -88.08% | -31.53% | -6.06% | -102.68% | -12.2% | -32.31% | 472.8% | -66.76% | -54.98% | 119.05% | -94.68% | -38.85% | 24.22% | 20.63% | 26.37% | 11133.33% | 37.74% | 203.79% |
| Net Income (Continuing) | 697M | 1.81B | 188M | 941M | 1.29B | -23M | 1.56B | 1.37B | 1.37B | 824M | 1.78B | 2.03B | 241M | 2.47B | 3.95B | 928M | 4.49B | 4.04B | 3.18B | 769M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 44M | 42M | 43M | 45M | 42M | 39M | 39M | 43M | 40M | 37M | 35M | 32M | 29M | 33M | 33M | 35M | 31M | 28M | 27M | 25M |
| EPS (Diluted) | 0.39 | 1.02 | 0.10 | 0.53 | 0.72 | -0.02 | 0.88 | 0.77 | 0.77 | 0.46 | 1.00 | 1.14 | 0.13 | 1.39 | 2.22 | 0.51 | 2.53 | 2.26 | 1.78 | 0.42 |
| EPS Growth % | -45.83% | 5735.36% | -88.72% | -31.17% | -6.49% | -103.93% | -12% | -32.46% | 492.31% | -66.91% | -54.95% | 123.53% | -94.86% | -38.5% | 24.72% | 21.43% | 27.14% | 19900% | 37.98% | 193.33% |
| EPS (Basic) | 0.39 | 1.02 | 0.10 | 0.53 | 0.72 | -0.02 | 0.88 | 0.77 | 0.77 | 0.46 | 1.00 | 1.14 | 0.13 | 1.40 | 2.23 | 0.52 | 2.54 | 2.29 | 1.78 | 0.42 |
| Diluted Shares Outstanding | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.78B | 1.78B | 1.78B | 1.78B | 1.78B | 1.78B | 1.78B | 1.78B |
| Basic Shares Outstanding | 1.77B | 1.78B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B |
| Dividend Payout Ratio | 441.49% | 160.3% | 1565.05% | 310.23% | 227.45% | - | 176.23% | 200.73% | 202.48% | 319.46% | 147.75% | 129.69% | 1113.39% | 101.33% | 63.41% | 271.32% | 56.26% | 57.22% | 72.82% | 301.57% |