Eli Lilly and Company (LLY) 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 | 19.8B | 19.29B | 17.6B | 15.56B | 12.73B | 13.53B | 11.44B | 11.3B | 8.77B | 9.35B | 9.5B | 8.31B | 6.96B | 7.3B | 6.94B | 6.49B | 7.81B | 8B | 6.77B | 6.74B |
| Revenue Growth % | 55.55% | 42.56% | 53.87% | 37.64% | 45.17% | 44.68% | 20.43% | 35.98% | 25.98% | 28.1% | 36.84% | 28.12% | -10.88% | -8.73% | 2.49% | -3.74% | 14.76% | 7.53% | 17.98% | 22.56% |
| Cost of Goods Sold | 3.58B | 2.88B | 3.01B | 2.45B | 2.22B | 2.4B | 2.17B | 2.17B | 1.67B | 1.79B | 1.86B | 1.81B | 1.63B | 1.55B | 1.58B | 1.43B | 2.07B | 2.05B | 1.43B | 1.95B |
| COGS % of Revenue | 18.07% | 14.95% | 17.09% | 15.73% | 17.47% | 17.76% | 18.98% | 19.2% | 19.09% | 19.12% | 19.58% | 21.74% | 23.37% | 21.2% | 22.75% | 22.05% | 26.53% | 25.63% | 21.13% | 28.98% |
| Gross Profit | 16.22B | 16.41B | 14.59B | 13.11B | 10.5B | 11.13B | 9.27B | 9.13B | 7.09B | 7.57B | 7.64B | 6.5B | 5.33B | 5.75B | 5.36B | 5.06B | 5.74B | 5.95B | 5.34B | 4.79B |
| Gross Margin % | 81.93% | 85.05% | 82.91% | 84.27% | 82.53% | 82.24% | 81.02% | 80.8% | 80.91% | 80.88% | 80.42% | 78.26% | 76.63% | 78.8% | 77.25% | 77.95% | 73.47% | 74.37% | 78.87% | 71.02% |
| Gross Profit Growth % | 54.43% | 47.44% | 57.45% | 43.55% | 48.06% | 47.1% | 21.34% | 40.4% | 33.02% | 31.49% | 42.44% | 28.61% | -7.05% | -3.29% | 0.38% | 5.65% | 16.46% | 4.01% | 21.02% | 11.91% |
| Operating Expenses | 7.37B | 7.63B | 6.21B | 5.98B | 5.1B | 5.33B | 4.72B | 4.71B | 4.36B | 4.37B | 4.1B | 4.17B | 3.62B | 3.55B | 3.32B | 3.31B | 3.07B | 3.48B | 3.21B | 3.27B |
| OpEx % of Revenue | 37.23% | 39.57% | 35.26% | 38.46% | 40.04% | 39.39% | 41.25% | 41.71% | 49.71% | 46.75% | 43.14% | 50.12% | 51.99% | 48.57% | 47.9% | 51.06% | 39.37% | 43.49% | 47.4% | 48.51% |
| Selling, General & Admin | 2.93B | 3.34B | 2.74B | 2.65B | 2.36B | 2.31B | 1.98B | 2B | 1.84B | 1.81B | 1.69B | 1.81B | 1.63B | 1.55B | 1.52B | 1.53B | 1.46B | 1.52B | 1.51B | 1.61B |
| SG&A % of Revenue | 14.82% | 17.33% | 15.57% | 17.02% | 18.56% | 17.06% | 17.35% | 17.72% | 20.94% | 19.35% | 17.78% | 21.77% | 23.47% | 21.23% | 21.92% | 23.59% | 18.75% | 18.99% | 22.23% | 23.96% |
| Research & Development | 3.51B | 3.8B | 3.47B | 3.34B | 2.73B | 3.02B | 2.73B | 2.71B | 2.52B | 2.56B | 2.41B | 2.36B | 1.99B | 2B | 1.8B | 1.78B | 1.61B | 1.96B | 1.71B | 1.66B |
| R&D % of Revenue | 17.73% | 19.71% | 19.69% | 21.44% | 21.48% | 22.33% | 23.9% | 23.99% | 28.77% | 27.4% | 25.36% | 28.35% | 28.52% | 27.33% | 25.97% | 27.46% | 20.62% | 24.49% | 25.18% | 24.55% |
| Other Operating Expenses | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 8.85B | 8.78B | 8.39B | 7.13B | 5.41B | 5.8B | 4.55B | 4.42B | 2.74B | 3.19B | 3.54B | 2.34B | 1.71B | 2.21B | 2.04B | 1.74B | 2.66B | 2.47B | 2.13B | 1.52B |
| Operating Margin % | 44.7% | 45.49% | 47.65% | 45.8% | 42.49% | 42.84% | 39.77% | 39.09% | 31.2% | 34.14% | 37.28% | 28.13% | 24.64% | 30.23% | 29.36% | 26.89% | 34.1% | 30.89% | 31.47% | 22.51% |
| Operating Income Growth % | 63.63% | 51.36% | 84.32% | 61.28% | 97.7% | 81.57% | 28.49% | 88.95% | 59.53% | 44.65% | 73.77% | 34.02% | -35.61% | -10.66% | -4.39% | 14.99% | 51.98% | 3.58% | 42.69% | 2.9% |
| EBITDA | 9.36B | 8.93B | 8.86B | 7.6B | 5.87B | 6.28B | 5.02B | 4.83B | 3.14B | 3.58B | 3.95B | 2.7B | 2.08B | 2.58B | 2.4B | 2.09B | 3.1B | 2.92B | 2.51B | 1.89B |
| EBITDA Margin % | 47.27% | 46.28% | 50.32% | 48.88% | 46.13% | 46.42% | 43.85% | 42.76% | 35.77% | 38.28% | 41.61% | 32.54% | 29.84% | 35.37% | 34.58% | 32.27% | 39.68% | 36.46% | 37.11% | 27.99% |
| EBITDA Growth % | 59.41% | 42.1% | 76.54% | 57.35% | 87.21% | 75.45% | 26.94% | 78.69% | 50.99% | 38.66% | 64.62% | 29.18% | -32.97% | -11.46% | -4.5% | 10.98% | 47.38% | 5.94% | 35.72% | 4.88% |
| D&A (Non-Cash Add-back) | 509M | 152.2M | 470M | 478.5M | 462.8M | 484.8M | 466.8M | 414.4M | 400.6M | 387.7M | 411M | 366.3M | 362.3M | 375M | 362.9M | 348.9M | 435.7M | 445.7M | 382.3M | 369.3M |
| EBIT | 8.85B | 8.24B | 7.41B | 7.03B | 3.7B | 5.26B | 1.78B | 3.7B | 2.72B | 2.65B | 551.8M | 2.21B | 1.63B | 2.18B | 1.65B | 1.17B | 2.14B | 1.92B | 1.33B | 1.68B |
| Net Interest Income | -332M | -123M | -114.6M | -209M | -195.4M | -180.4M | -144.9M | -146.3M | -133.8M | -93.7M | -75.7M | -74.3M | -68.6M | -58.5M | -61.4M | -71M | -77.9M | -74M | -76.6M | -81.5M |
| Interest Income | 0 | 0 | 65M | 40M | 48.3M | 44.3M | 47.8M | 37.3M | 45.8M | 44.5M | 48.9M | 46M | 34.2M | 25.5M | 20.1M | 10.2M | 7M | 7.4M | 7M | 5.4M |
| Interest Expense | 332M | 123M | 179.6M | 249M | 243.7M | 224.7M | 192.7M | 183.6M | 179.6M | 138.2M | 124.6M | 120.3M | 102.8M | 84M | 81.5M | 81.2M | 84.9M | 81.4M | 83.6M | 86.9M |
| Other Income/Expense | 0 | -509.2M | -1.15B | -349.8M | -1.95B | -759.1M | -2.96B | -901.3M | -199.5M | -684.3M | -3.11B | -249.5M | -185.1M | -111.1M | -472.3M | -653.9M | -609.6M | -631M | -886.1M | 76.6M |
| Pretax Income | 8.85B | 8.27B | 7.23B | 6.78B | 3.46B | 5.04B | 1.59B | 3.52B | 2.54B | 2.51B | 427.2M | 2.09B | 1.53B | 2.1B | 1.57B | 1.09B | 2.05B | 1.84B | 1.25B | 1.59B |
| Pretax Margin % | 44.7% | 42.84% | 41.09% | 43.56% | 27.15% | 37.23% | 13.89% | 31.12% | 28.92% | 26.82% | 4.5% | 25.13% | 21.98% | 28.71% | 22.55% | 16.81% | 26.29% | 23% | 18.39% | 23.65% |
| Income Tax | 1.45B | 1.63B | 1.65B | 1.12B | 696.8M | 628.9M | 618.1M | 550.2M | 293.2M | 319.1M | 484.6M | 325.7M | 184.8M | 158.7M | 113.8M | 138.4M | 150.7M | 113.8M | 135.2M | 203.7M |
| Effective Tax Rate % | 16.43% | 19.71% | 22.81% | 16.47% | 20.16% | 12.48% | 38.91% | 15.64% | 11.56% | 12.72% | 113.44% | 15.59% | 12.08% | 7.57% | 7.27% | 12.69% | 7.34% | 6.19% | 10.86% | 12.78% |
| Net Income | 7.4B | 6.64B | 5.58B | 5.66B | 2.76B | 4.41B | 970.3M | 2.97B | 2.24B | 2.19B | -57.4M | 1.76B | 1.34B | 1.94B | 1.45B | 952.5M | 1.9B | 1.73B | 1.11B | 1.39B |
| Net Margin % | 37.36% | 34.4% | 31.72% | 36.38% | 21.68% | 32.59% | 8.48% | 26.25% | 25.58% | 23.41% | -0.6% | 21.21% | 19.32% | 26.54% | 20.91% | 14.68% | 24.36% | 21.58% | 16.39% | 20.63% |
| Net Income Growth % | 168.04% | 50.48% | 475.34% | 90.78% | 23.02% | 101.39% | 1790.42% | 68.27% | 66.77% | 13.01% | -103.95% | 85.11% | -29.32% | 12.26% | 30.77% | -31.48% | 40.4% | -18.46% | -8.13% | -1.54% |
| Net Income (Continuing) | 7.4B | 6.64B | 5.58B | 5.66B | 2.76B | 4.41B | 970.3M | 2.97B | 2.24B | 2.19B | -57.4M | 1.76B | 1.34B | 1.94B | 1.45B | 952.5M | 1.9B | 1.73B | 1.11B | 1.39B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 57.5M | 76.2M | 82M | 79.5M | 80.7M | 73.5M | 85.2M | 91.8M | 87M | 85.5M | 104.5M | 125.6M | 95.8M | 114.5M | 131.2M | 175.6M | 197.1M | 219.1M |
| EPS (Diluted) | 8.26 | 7.39 | 6.21 | 6.29 | 3.06 | 4.88 | 1.07 | 3.28 | 2.48 | 2.42 | -0.06 | 1.86 | 1.42 | 2.04 | 1.61 | 1.05 | 2.00 | 1.81 | 1.16 | 1.53 |
| EPS Growth % | 169.93% | 51.43% | 480.37% | 91.77% | 23.39% | 101.65% | 1868.59% | 76.34% | 74.65% | 18.63% | -103.76% | 77.14% | -29% | 12.71% | 38.79% | -31.37% | 41.84% | -18.1% | -7.94% | 3.38% |
| EPS (Basic) | 8.27 | 7.41 | 6.22 | 6.30 | 3.07 | 4.91 | 1.08 | 3.29 | 2.49 | 2.43 | -0.06 | 1.86 | 1.42 | 2.04 | 1.61 | 1.06 | 2.00 | 1.81 | 1.16 | 1.53 |
| Diluted Shares Outstanding | 895.9M | 898M | 898.8M | 899.79M | 900.6M | 903.16M | 905M | 904.2M | 903.8M | 903.98M | 949.3M | 949.29M | 949.27M | 950.18M | 903.8M | 902.9M | 950.61M | 953.65M | 956.59M | 910.4M |
| Basic Shares Outstanding | 894.5M | 898M | 896.9M | 897.9M | 897.99M | 897.54M | 901M | 900.9M | 900.8M | 899.38M | 949.3M | 949.29M | 949.27M | 950.18M | 900.7M | 900.3M | 950.61M | 953.65M | 956.59M | 907.3M |
| Dividend Payout Ratio | 20.93% | 20.28% | 24.1% | 23.8% | 48.79% | 26.49% | 120.63% | 39.51% | 52.13% | 46.49% | - | 57.72% | 75.63% | 45.64% | 60.77% | 92.78% | 46.53% | 44.8% | 69.4% | 55.27% |