Johnson & Johnson (JNJ) 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 | 24.06B | 24.56B | 23.99B | 23.74B | 21.89B | 22.52B | 22.47B | 22.45B | 21.38B | 21.39B | 21.35B | 21.52B | 20.89B | 23.71B | 20B | 24.02B | 23.43B | 24.8B | 23.34B | 23.31B |
| Revenue Growth % | 9.91% | 9.08% | 6.77% | 5.77% | 2.39% | 5.26% | 5.25% | 4.31% | 2.34% | -9.75% | 6.78% | -10.41% | -10.81% | -4.43% | -14.32% | 3.04% | 4.95% | 10.36% | 10.7% | 27.14% |
| Cost of Goods Sold | 6.86B | 7.97B | 7.3B | 7.63B | 7.36B | 7.13B | 6.96B | 6.87B | 6.51B | 6.8B | 6.61B | 6.46B | 6.69B | 7.76B | 6.17B | 7.92B | 7.6B | 7.96B | 7.25B | 7.59B |
| COGS % of Revenue | 28.51% | 32.44% | 30.44% | 32.13% | 33.6% | 31.65% | 30.99% | 30.6% | 30.45% | 31.77% | 30.94% | 30.03% | 32% | 32.76% | 30.87% | 32.97% | 32.43% | 32.07% | 31.07% | 32.55% |
| Gross Profit | 17.2B | 16.6B | 16.69B | 16.11B | 14.54B | 15.39B | 15.51B | 15.58B | 14.87B | 14.6B | 14.74B | 15.06B | 14.21B | 15.94B | 13.82B | 16.1B | 15.83B | 16.85B | 16.09B | 15.72B |
| Gross Margin % | 71.49% | 67.56% | 69.56% | 67.87% | 66.4% | 68.35% | 69.01% | 69.4% | 69.55% | 68.23% | 69.06% | 69.97% | 68% | 67.24% | 69.13% | 67.03% | 67.57% | 67.93% | 68.93% | 67.45% |
| Gross Profit Growth % | 18.35% | 7.82% | 7.62% | 3.45% | -2.26% | 5.45% | 5.17% | 3.46% | 4.68% | -8.43% | 6.66% | -6.48% | -10.24% | -5.39% | -14.07% | 2.39% | 3.74% | 14.92% | 14.02% | 33.75% |
| Operating Expenses | 10.81B | 11.01B | 9.59B | 9.3B | 8.24B | 11.55B | 10.23B | 8.92B | 8.6B | 9.99B | 8.55B | 8.7B | 7.96B | 12.04B | 8.16B | 9.63B | 9.71B | 12.37B | 9.22B | 9.37B |
| OpEx % of Revenue | 44.92% | 44.8% | 39.99% | 39.19% | 37.62% | 51.29% | 45.53% | 39.74% | 40.21% | 46.69% | 40.03% | 40.42% | 38.1% | 50.77% | 40.81% | 40.09% | 41.45% | 49.89% | 39.52% | 40.18% |
| Selling, General & Admin | 6.03B | 6.75B | 5.92B | 5.79B | 5.01B | 6.25B | 5.28B | 5.48B | 5.06B | 5.51B | 5.1B | 5B | 4.51B | 7.41B | 4.67B | 5.93B | 5.64B | 7.65B | 5.8B | 5.97B |
| SG&A % of Revenue | 25.08% | 27.49% | 24.68% | 24.38% | 22.89% | 27.77% | 23.49% | 24.42% | 23.65% | 25.75% | 23.89% | 23.22% | 21.57% | 31.27% | 23.38% | 24.67% | 24.07% | 30.86% | 24.85% | 25.62% |
| Research & Development | 3.53B | 4.25B | 3.67B | 3.52B | 3.23B | 5.3B | 4.95B | 3.44B | 3.54B | 4.48B | 3.45B | 3.7B | 3.46B | 4.62B | 3.48B | 3.7B | 4.07B | 4.72B | 3.42B | 3.39B |
| R&D % of Revenue | 14.66% | 17.31% | 15.3% | 14.81% | 14.73% | 23.53% | 22.04% | 15.32% | 16.56% | 20.94% | 16.14% | 17.21% | 16.54% | 19.51% | 17.43% | 15.42% | 17.38% | 19.03% | 14.66% | 14.56% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 6.39B | 5.59B | 7.1B | 6.81B | 6.3B | 3.84B | 5.28B | 6.66B | 6.27B | 4.61B | 6.2B | 6.36B | 6.25B | 3.9B | 5.66B | 6.47B | 6.12B | 4.47B | 6.87B | 6.36B |
| Operating Margin % | 26.58% | 22.76% | 29.58% | 28.68% | 28.77% | 17.06% | 23.49% | 29.66% | 29.34% | 21.53% | 29.03% | 29.55% | 29.89% | 16.47% | 28.33% | 26.94% | 26.12% | 18.04% | 29.42% | 27.27% |
| Operating Income Growth % | 1.52% | 45.56% | 34.44% | 2.3% | 0.41% | -16.63% | -14.84% | 4.7% | 0.43% | 17.98% | 9.43% | -1.76% | 2.09% | -12.74% | -17.51% | 1.79% | -10.66% | 7.26% | 15.61% | 52.95% |
| EBITDA | 8.4B | 7.6B | 8.87B | 8.75B | 8.07B | 5.74B | 7.12B | 8.44B | 8.09B | 6.45B | 8.03B | 8.29B | 8.13B | 5.68B | 7.35B | 8.22B | 7.89B | 6.32B | 8.68B | 8.2B |
| EBITDA Margin % | 34.91% | 30.95% | 36.98% | 36.87% | 36.87% | 25.48% | 31.7% | 37.6% | 37.82% | 30.15% | 37.6% | 38.53% | 38.89% | 23.95% | 36.75% | 34.2% | 33.67% | 25.47% | 37.19% | 35.16% |
| EBITDA Growth % | 4.06% | 32.51% | 24.55% | 3.72% | -0.21% | -11.05% | -11.25% | 1.77% | -0.47% | 13.62% | 9.23% | 0.92% | 3.03% | -10.15% | -15.33% | 0.23% | -9.78% | 3.37% | 11.9% | 39.33% |
| D&A (Non-Cash Add-back) | 2B | 2.01B | 1.78B | 1.94B | 1.77B | 1.9B | 1.85B | 1.78B | 1.81B | 1.84B | 1.83B | 1.93B | 1.88B | 1.77B | 1.69B | 1.74B | 1.77B | 1.84B | 1.81B | 1.84B |
| EBIT | 6.26B | 5.18B | 7.51B | 6.8B | 13.84B | 4.02B | 3.53B | 6.02B | 3.87B | 4.98B | 5.41B | 6.52B | -1.07B | 4.38B | 5.22B | 5.88B | 5.87B | 4.9B | 3.87B | 6.7B |
| Net Interest Income | -43M | 23M | -18M | -48M | 128M | 144M | 99M | 125M | 209M | 212M | 182M | 109M | -14M | 77M | 99M | 26M | 12M | -47M | -7M | -28M |
| Interest Income | 229M | 237M | 227M | 260M | 332M | 281M | 292M | 395M | 364M | 363M | 374M | 326M | 198M | 254M | 150M | 64M | 22M | 13M | 13M | 12M |
| Interest Expense | 272M | 214M | 245M | 308M | 204M | 137M | 193M | 270M | 155M | 151M | 192M | 217M | 212M | 177M | 51M | 38M | 10M | 60M | 20M | 40M |
| Other Income/Expense | -405M | -625M | 397M | -319M | 7.33B | 46M | -1.94B | -909M | -2.56B | 219M | -981M | -52M | -7.53B | 296M | -492M | -632M | -256M | 361M | -3.02B | 304M |
| Pretax Income | 5.99B | 4.97B | 7.49B | 6.49B | 13.63B | 3.89B | 3.34B | 5.75B | 3.71B | 4.83B | 5.22B | 6.31B | -1.29B | 4.2B | 5.17B | 5.84B | 5.86B | 4.84B | 3.85B | 6.66B |
| Pretax Margin % | 24.89% | 20.22% | 31.23% | 27.34% | 62.26% | 17.26% | 14.85% | 25.61% | 17.37% | 22.56% | 24.43% | 29.3% | -6.16% | 17.72% | 25.87% | 24.31% | 25.02% | 19.5% | 16.49% | 28.58% |
| Income Tax | 755M | -150M | 2.34B | 954M | 2.63B | 456M | 644M | 1.06B | 459M | 694M | 908M | 930M | -796M | 681M | 862M | 1.03B | 713M | 100M | 182M | 384M |
| Effective Tax Rate % | 12.6% | -3.02% | 31.24% | 14.7% | 19.31% | 11.73% | 19.29% | 18.48% | 12.36% | 14.38% | 17.4% | 14.75% | 61.85% | 16.21% | 16.67% | 17.57% | 12.16% | 2.07% | 4.73% | 5.76% |
| Net Income | 5.24B | 5.12B | 5.15B | 5.54B | 11B | 3.43B | 2.69B | 4.69B | 3.25B | 4.05B | 26.03B | 5.14B | -68M | 3.52B | 4.46B | 4.81B | 5.15B | 4.74B | 3.67B | 6.28B |
| Net Margin % | 21.76% | 20.83% | 21.47% | 23.32% | 50.24% | 15.24% | 11.99% | 20.88% | 15.22% | 18.93% | 121.91% | 23.9% | -0.33% | 14.85% | 22.29% | 20.04% | 21.98% | 19.09% | 15.71% | 26.93% |
| Net Income Growth % | -52.4% | 49.11% | 91.24% | 18.16% | 237.91% | -15.26% | -89.65% | -8.9% | 4886.76% | 15.03% | 483.85% | 6.86% | -101.32% | -25.68% | 21.57% | -23.32% | -16.91% | 172.5% | 3.18% | 73.14% |
| Net Income (Continuing) | 5.24B | 5.12B | 5.15B | 5.54B | 11B | 3.43B | 2.69B | 4.69B | 3.25B | 4.13B | 4.31B | 5.38B | -491M | 3.52B | 4.31B | 4.81B | 5.15B | 4.74B | 3.67B | 6.28B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | -1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.26B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.14 | 2.10 | 2.12 | 2.29 | 4.54 | 1.41 | 1.11 | 1.93 | 1.34 | 1.67 | 10.21 | 1.96 | -0.03 | 1.33 | 1.68 | 1.80 | 1.93 | 1.77 | 1.37 | 2.35 |
| EPS Growth % | -52.86% | 48.94% | 90.99% | 18.65% | 238.81% | -15.57% | -89.13% | -1.53% | 4566.67% | 25.56% | 507.74% | 8.89% | -101.55% | -24.86% | 22.63% | -23.4% | -16.81% | 172.31% | 3.01% | 72.79% |
| EPS (Basic) | 2.14 | 2.10 | 2.14 | 2.29 | 4.57 | 1.43 | 1.12 | 1.95 | 1.35 | 1.68 | 10.32 | 1.98 | -0.03 | 1.35 | 1.70 | 1.83 | 1.96 | 1.80 | 1.39 | 2.38 |
| Diluted Shares Outstanding | 2.45B | 2.44B | 2.43B | 2.42B | 2.42B | 2.43B | 2.43B | 2.42B | 2.43B | 2.43B | 2.55B | 2.63B | 2.61B | 2.66B | 2.66B | 2.67B | 2.67B | 2.67B | 2.67B | 2.67B |
| Basic Shares Outstanding | 2.45B | 2.43B | 2.43B | 2.42B | 2.41B | 2.41B | 2.41B | 2.41B | 2.41B | 2.41B | 2.52B | 2.6B | 2.61B | 2.61B | 2.62B | 2.63B | 2.63B | 2.63B | 2.63B | 2.63B |
| Dividend Payout Ratio | 59.81% | 61.2% | 60.79% | 56.51% | 27.18% | 86.97% | 110.8% | 63.7% | 88.14% | 70.76% | 11.03% | 60.11% | - | 83.92% | 66.62% | 61.72% | 54.13% | 58.93% | 76.11% | 44.46% |