NYSE : ABBV
AbbVie Inc. — Financial statements
Healthcare · Drug Manufacturers - General · United States
Last price 294.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 521.11B
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Financial statements
AbbVie Inc. (ABBV) reported revenue of 66.01B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 66.01B | 61.16B | 56.33B | 54.32B | 58.05B | 56.20B |
| Cost of Revenue | 17.35B | 17.36B | 16.69B | 16.83B | 16.53B | 17.31B |
| Gross Profit | 48.66B | 43.80B | 39.65B | 37.49B | 41.53B | 38.88B |
| Selling, General & Admin | 14.74B | 13.64B | 14.10B | 12.42B | 14.58B | 11.87B |
| Research & Development | 9.87B | 9.07B | 8.13B | 7.04B | 6.49B | 6.82B |
| Other Operating Expenses | -18.00M | -24.00M | -7.00M | -179.00M | 228.00M | 432.00M |
| Operating Expenses | 24.59B | 22.69B | 22.22B | 19.28B | 21.30B | 19.12B |
| Operating Income | 24.07B | 21.11B | 17.42B | 18.21B | 20.23B | 19.76B |
| Interest Expense | -2.93B | -2.89B | -2.81B | -2.22B | -2.23B | -2.42B |
| Interest & Investment Income | 266.00M | 266.00M | 648.00M | 540.00M | 186.00M | 39.00M |
| Currency Exchange Gain (Loss) | -58.00M | -58.00M | -21.00M | -146.00M | -148.00M | -51.00M |
| Other Non Operating Income (Expenses) | 159.00M | 403.00M | 271.00M | 190.00M | 142.00M | 55.00M |
| EBT Excluding Unusual Items | 21.51B | 18.83B | 15.51B | 16.57B | 18.18B | 17.38B |
| Merger & Restructuring Charges | -253.00M | -95.00M | -792.00M | -288.00M | -539.00M | -587.00M |
| Gain (Loss) on Sale of Assets | 172.00M | |||||
| Asset Writedown | -847.00M | -4.48B | -4.13B | -876.00M | ||
| Other Unusual Items | -5.92B | -6.28B | -3.77B | -5.13B | -2.76B | -2.68B |
| Pretax Income | 12.81B | 6.60B | 3.72B | 6.25B | 13.48B | 12.99B |
| Income Tax Expense | 2.47B | 2.36B | -570.00M | 1.38B | 1.63B | 1.44B |
| Earnings From Continuing Operations | 10.35B | 4.23B | 4.29B | 4.87B | 11.85B | 11.55B |
| Minority Interest in Earnings | -6.00M | -7.00M | -8.00M | -10.00M | -9.00M | -7.00M |
| Net Income | 10.34B | 4.23B | 4.28B | 4.86B | 11.84B | 11.54B |
| Preferred Dividends & Other Adjustments | 40.00M | 40.00M | 40.00M | 43.00M | 54.00M | 74.00M |
| Net Income to Common | 10.30B | 4.19B | 4.24B | 4.82B | 11.78B | 11.47B |
| Shares Outstanding (Basic) | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B |
| Shares Outstanding (Diluted) | 1.77B | 1.77B | 1.77B | 1.77B | 1.78B | 1.78B |
| EPS (Basic) | 5.82 | 2.37 | 2.40 | 2.73 | 6.65 | 6.48 |
| EPS (Diluted) | 5.81 | 2.36 | 2.39 | 2.72 | 6.63 | 6.45 |
| Free Cash Flow | 17.82B | 17.83B | 22.06B | 24.25B | 21.99B | |
| Free Cash Flow Per Share | 10.05 | 10.06 | 12.44 | 13.64 | 12.38 | |
| Dividend Per Share | 6.92 | 6.65 | 6.29 | 5.99 | 5.71 | 5.31 |
| Gross Margin | 73.72% | 71.62% | 70.38% | 69.02% | 71.53% | 69.19% |
| Operating Margin | 36.46% | 34.52% | 30.93% | 33.53% | 34.84% | 35.16% |
| Profit Margin | 15.61% | 6.84% | 7.52% | 8.87% | 20.29% | 20.41% |
| Free Cash Flow Margin | 29.13% | 31.65% | 40.62% | 41.77% | 39.13% | |
| EBITDA | 31.71B | 29.25B | 25.81B | 26.91B | 28.70B | 28.28B |
| EBITDA Margin | 48.03% | 47.83% | 45.81% | 49.55% | 49.43% | 50.32% |
| D&A For EBITDA | 7.64B | 8.14B | 8.39B | 8.70B | 8.47B | 8.52B |
| EBIT | 24.07B | 21.11B | 17.42B | 18.21B | 20.23B | 19.76B |
| EBIT Margin | 36.46% | 34.52% | 30.93% | 33.53% | 34.84% | 35.16% |
| Effective Tax Rate | 19.24% | 35.83% | 22.03% | 12.11% | 11.09% | |
| Advertising Expenses | 2.10B | 2.10B | 2.20B | 2.00B | 2.10B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.23B | 5.52B | 12.81B | 9.20B | 9.75B | |
| Short-Term Investments | 28.00M | 31.00M | 2.00M | 28.00M | 84.00M | |
| Cash & Short-Term Investments | 6.57B | 5.26B | 5.55B | 12.82B | 9.23B | 9.83B |
| Accounts Receivable | 12.59B | 10.92B | 11.15B | 11.25B | 9.98B | |
| Receivables | 12.59B | 10.92B | 11.15B | 11.25B | 9.98B | |
| Inventory | 4.95B | 4.18B | 4.10B | 3.58B | 3.13B | |
| Prepaid Expenses | 6.21B | 4.76B | 4.87B | 4.31B | 4.77B | |
| Other Current Assets | 60.00M | 165.00M | 66.00M | 88.00M | 226.00M | |
| Total Current Assets | 29.06B | 25.58B | 33.00B | 28.46B | 27.93B | |
| Property, Plant & Equipment | 6.37B | 5.86B | 5.73B | 5.67B | 5.87B | |
| Long-Term Investments | 298.00M | 279.00M | 304.00M | 241.00M | 303.00M | |
| Goodwill | 35.64B | 34.96B | 32.29B | 32.16B | 32.38B | |
| Other Intangible Assets | 52.64B | 60.07B | 55.61B | 67.44B | 75.95B | |
| Other Long-Term Assets | 9.95B | 8.42B | 7.77B | 4.83B | 4.10B | |
| Total Assets | 133.96B | 135.16B | 134.71B | 138.81B | 146.53B | |
| Accounts Payable | 3.59B | 2.94B | 3.69B | 2.93B | 2.88B | |
| Accrued Expenses | 17.24B | 16.82B | 15.79B | 12.50B | 10.70B | |
| Short-Term Debt | 2.50B | 1.00M | 14.00M | |||
| Current Portion of Long-Term Debt | 6.06B | 6.79B | 7.18B | 4.13B | 12.48B | |
| Current Portion of Leases | 213.00M | 195.00M | 181.00M | 183.00M | 187.00M | |
| Other Current Liabilities | 13.68B | 12.01B | 11.01B | 9.79B | 8.93B | |
| Total Current Liabilities | 43.29B | 38.75B | 37.84B | 29.54B | 35.19B | |
| Long-Term Debt | 58.92B | 60.55B | 52.46B | 59.49B | 64.18B | |
| Long-Term Leases | 711.00M | 720.00M | 762.00M | 771.00M | 738.00M | |
| Pension & Post-Retirement Benefits | 1.41B | 1.23B | 1.54B | 1.64B | 3.15B | |
| Long-Term Deferred Tax Liabilities | 2.39B | 2.58B | 1.95B | 2.19B | 3.01B | |
| Other Long-Term Liabilities | 30.47B | 27.97B | 29.76B | 27.89B | 24.82B | |
| Total Liabilities | 137.19B | 131.80B | 124.31B | 121.52B | 131.09B | |
| Common Stock | 18.00M | 18.00M | 18.00M | 18.00M | 18.00M | |
| Additional Paid-In Capital | 22.50B | 21.33B | 20.18B | 19.25B | 18.30B | |
| Retained Earnings | -15.49B | -7.90B | -1.00B | 4.78B | 3.13B | |
| Treasury Stock | -9.15B | -8.20B | -6.53B | -4.59B | -3.14B | |
| Comprehensive Income & Other | -1.14B | -1.93B | -2.31B | -2.20B | -2.90B | |
| Total Common Equity | -5.93B | -3.27B | 3.33B | 10.36B | 17.25B | 15.41B |
| Minority Interest | 42.00M | 39.00M | 37.00M | 33.00M | 28.00M | |
| Shareholders' Equity | -5.89B | -3.23B | 3.36B | 10.40B | 17.29B | 15.44B |
| Total Liabilities & Equity | 133.96B | 135.16B | 134.71B | 138.81B | 146.53B | |
| Total Debt | 70.89B | 68.40B | 68.25B | 60.58B | 64.58B | 77.60B |
| Net Cash (Debt) | -64.32B | -63.14B | -62.70B | -47.76B | -55.35B | -67.77B |
| Net Cash Per Share | -36.28 | -35.61 | -35.36 | -26.94 | -31.13 | -38.14 |
| Filing Date Shares Outstanding | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B |
| Total Common Shares Outstanding | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B | 1.77B |
| Working Capital | -14.23B | -13.17B | -4.84B | -1.07B | -7.27B | |
| Book Value Per Share | -3.36 | -1.85 | 1.88 | 5.87 | 9.75 | 8.71 |
| Tangible Book Value | -90.59B | -91.55B | -91.70B | -77.54B | -82.34B | -92.92B |
| Tangible Book Value Per Share | -51.27 | -51.79 | -51.95 | -43.91 | -46.54 | -52.55 |
| Land | 287.00M | 284.00M | 286.00M | 286.00M | 287.00M | |
| Buildings | 3.06B | 2.90B | 2.83B | 2.74B | 2.79B | |
| Machinery | 8.79B | 8.00B | 7.45B | 7.11B | 6.85B | |
| Construction In Progress | 1.40B | 1.09B | 1.07B | 856.00M | 799.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.23B | 4.28B | 4.86B | 11.84B | 11.54B | |
| Depreciation & Amortization | 8.14B | 8.39B | 8.70B | 8.47B | 8.52B | |
| Loss (Gain) From Sale of Assets | -172.00M | -68.00M | ||||
| Asset Writedown & Restructuring Costs | 5.86B | 7.23B | 5.01B | 1.47B | 1.17B | |
| Stock-Based Compensation | 955.00M | 911.00M | 747.00M | 671.00M | 692.00M | |
| Other Operating Activities | 2.21B | 780.00M | 711.00M | 2.77B | 2.15B | |
| Change in Accounts Receivable | -1.49B | 207.00M | 66.00M | -1.46B | -1.32B | |
| Change in Inventory | -234.00M | -319.00M | -417.00M | -686.00M | -142.00M | |
| Change in Accounts Payable | 951.00M | 177.00M | 3.84B | 1.77B | 1.72B | |
| Change in Other Net Operating Assets | -827.00M | 361.00M | -188.00M | -264.00M | -197.00M | |
| Operating Cash Flow | 19.03B | 18.81B | 22.84B | 24.94B | 22.78B | |
| Capital Expenditures | -1.21B | -974.00M | -777.00M | -695.00M | -787.00M | |
| Cash Acquisitions | -5.44B | -20.52B | -1.22B | -794.00M | -1.90B | |
| Investment in Securities | 41.00M | 482.00M | -22.00M | 92.00M | -21.00M | |
| Other Investing Activities | -29.00M | 189.00M | 13.00M | 774.00M | 366.00M | |
| Investing Cash Flow | -6.64B | -20.82B | -2.01B | -623.00M | -2.34B | |
| Short-Term Debt Issued | 5.30B | 5.01B | ||||
| Long-Term Debt Issued | 3.99B | 16.96B | 2.00B | 1.00B | ||
| Total Debt Issued | 9.29B | 21.97B | 2.00B | 1.00B | ||
| Short-Term Debt Repaid | -2.80B | -5.01B | ||||
| Long-Term Debt Repaid | -6.80B | -9.61B | -4.15B | -14.43B | -9.41B | |
| Total Debt Repaid | -9.60B | -14.62B | -4.15B | -14.43B | -9.41B | |
| Net Debt Issued (Repaid) | -304.00M | 7.35B | -4.15B | -12.43B | -8.41B | |
| Issuance of Common Stock | 172.00M | 214.00M | 180.00M | 262.00M | 244.00M | |
| Repurchase of Common Stock | -980.00M | -1.71B | -1.97B | -1.49B | -934.00M | |
| Common Dividends Paid | -11.66B | -11.03B | -10.54B | -10.04B | -9.26B | |
| Other Financing Activities | 45.00M | -42.00M | -742.00M | -1.10B | -674.00M | |
| Financing Cash Flow | -12.72B | -5.21B | -17.22B | -24.80B | -19.04B | |
| Foreign Exchange Rate Adjustments | 42.00M | -65.00M | 5.00M | -62.00M | -97.00M | |
| Net Cash Flow | -295.00M | -7.29B | 3.61B | -545.00M | 1.30B | |
| Free Cash Flow | 17.82B | 17.83B | 22.06B | 24.25B | 21.99B | |
| Free Cash Flow Margin | 29.13% | 31.65% | 40.62% | 41.77% | 39.13% | |
| Free Cash Flow Per Share | 10.05 | 10.06 | 12.44 | 13.64 | 12.38 | |
| Levered Free Cash Flow | 18.34B | 19.41B | 22.97B | 21.26B | 19.39B | |
| Unlevered Free Cash Flow | 20.15B | 21.16B | 24.36B | 22.65B | 20.91B | |
| Cash Interest Paid | 3.00B | 2.81B | 2.47B | 2.55B | 2.71B | |
| Cash Income Tax Paid | 3.63B | 4.10B | 4.70B | 2.99B | 3.65B | |
| Change in Working Capital | -2.36B | -2.78B | 2.81B | -94.00M | -1.23B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 509.46B | 403.83B | 314.02B | 273.61B | 285.71B | 239.37B |
| Enterprise Value | 573.78B | 467.05B | 378.10B | 321.53B | 343.86B | 307.89B |
| Last Close Price | 294.89 | 221.85 | 166.71 | 140.26 | 140.59 | 113.37 |
| PE Ratio | 49.64 | 96.47 | 74.10 | 56.77 | 24.25 | 20.87 |
| Forward PE | 18.33 | 16.57 | 14.81 | 13.96 | 12.72 | 10.04 |
| PS Ratio | 7.89 | 6.60 | 5.57 | 5.04 | 4.92 | 4.26 |
| PB Ratio | -125.10 | 93.35 | 26.32 | 16.53 | 15.51 | |
| P/FCF Ratio | 28.62 | 22.67 | 17.61 | 12.40 | 11.78 | 10.88 |
| P/OCF Ratio | 26.71 | 21.22 | 16.70 | 11.98 | 11.45 | 10.51 |
| PEG Ratio | 1.38 | 1.09 | 1.68 | 58.43 | 93.44 | 2.03 |
| EV/Sales Ratio | 8.87 | 7.64 | 6.71 | 5.92 | 5.92 | 5.48 |
| EV/EBITDA Ratio | 18.46 | 15.96 | 14.65 | 11.95 | 11.98 | 10.89 |
| EV/EBIT Ratio | 24.32 | 22.12 | 21.70 | 17.65 | 17.00 | 15.58 |
| EV/FCF Ratio | 32.15 | 26.21 | 21.20 | 14.57 | 14.18 | 14.00 |
| Debt / Equity Ratio | -12.04 | -21.19 | 20.29 | 5.83 | 3.74 | 5.03 |
| Debt / EBITDA Ratio | 2.21 | 2.31 | 2.61 | 2.23 | 2.22 | 2.71 |
| Debt / FCF Ratio | 3.84 | 3.83 | 2.75 | 2.66 | 3.53 | |
| Net Debt / Equity Ratio | -10.92 | -19.56 | 18.64 | 4.59 | 3.20 | 4.39 |
| Net Debt / EBITDA Ratio | 2.03 | 2.16 | 2.43 | 1.77 | 1.93 | 2.40 |
| Net Debt / FCF Ratio | 3.54 | 3.52 | 2.17 | 2.28 | 3.08 | |
| Asset Turnover | 0.46 | 0.42 | 0.40 | 0.41 | 0.38 | |
| Inventory Turnover | 3.80 | 4.03 | 4.38 | 4.93 | 5.38 | |
| Quick Ratio | 0.41 | 0.42 | 0.63 | 0.69 | 0.56 | |
| Current Ratio | 0.67 | 0.66 | 0.87 | 0.96 | 0.79 | |
| Return on Equity (ROE) | 6,225.00% | 62.29% | 35.20% | 72.40% | 80.95% | |
| Return on Assets (ROA) | 9.81% | 8.07% | 8.32% | 8.86% | 8.31% | |
| Return on Invested Capital (ROIC) | 17.29% | 28.05% | 21.71% | 22.82% | 20.09% | |
| Return on Capital Employed (ROCE) | 23.30% | 18.10% | 18.80% | 18.50% | 17.70% | |
| Earnings Yield | 2.01% | 1.05% | 1.36% | 1.78% | 4.14% | 4.82% |
| FCF Yield | 3.49% | 4.41% | 5.68% | 8.06% | 8.49% | 9.19% |
| Dividend Yield | 2.40% | 2.91% | 3.54% | 3.87% | 3.54% | 3.92% |
| Payout Ratio | 119.14% | 275.84% | 257.71% | 216.72% | 84.85% | 80.24% |
| Buyback Yield / Dilution | -0.06% | 0.28% | -0.06% | -6.22% | ||
| Total Shareholder Return | 2.35% | 2.91% | 3.48% | 4.15% | 3.48% | -2.29% |