AbbVie income statement
In fiscal 2025, AbbVie reported revenue of $61.16bn, up 8.6% on the year before, operating income of $15.07bn (a 24.6% margin) and net income of $4.23bn, or $2.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.4 | 18.4 | 18.8 | 20.0 | 22.9 | 25.6 | 28.2 | 32.8 | 33.3 | 45.8 | 56.2 | 58.1 | 54.3 | 56.3 | 61.2 | 66.0 |
| Cost of revenue | — | — | — | — | — | 5.8 | 7.0 | 7.7 | 7.4 | 15.4 | 17.4 | 17.4 | 20.4 | 16.9 | 18.2 | 17.3 |
| Gross profit | — | — | — | — | — | 19.8 | 21.2 | 25.0 | 25.8 | 30.4 | 38.8 | 40.6 | 33.9 | 39.4 | 43.0 | 48.7 |
| Research and development | 2.6 | 2.8 | 2.9 | 3.3 | 4.3 | 4.4 | 5.0 | 10.3 | 6.4 | 6.4 | 6.9 | 6.5 | 7.7 | 12.8 | 9.1 | 10.0 |
| Selling, general and administrative | 5.9 | 5.0 | 5.4 | 7.7 | 6.4 | 5.9 | 6.3 | 7.4 | 6.9 | 11.3 | 12.3 | 15.3 | 12.9 | 14.8 | 14.0 | 15.2 |
| Operating income | 3.6 | 5.8 | 5.7 | 3.4 | 7.5 | 9.3 | 9.5 | 6.4 | 13.0 | 11.4 | 17.9 | 18.1 | 12.8 | 9.1 | 15.1 | 21.2 |
| Interest expense | — | 0.1 | 0.3 | 0.4 | 0.7 | 1.0 | 1.2 | 1.3 | 1.8 | 2.5 | 2.4 | 2.2 | 2.2 | 2.8 | 2.9 | 3.0 |
| Income before tax | 3.7 | 5.7 | 5.3 | 2.4 | 6.6 | 7.9 | 7.7 | 5.2 | 8.4 | 3.4 | 13.0 | 13.5 | 6.3 | 3.7 | 6.6 | 12.8 |
| Income tax | 0.2 | 0.5 | 1.2 | 0.6 | 1.5 | 1.9 | 2.4 | −0.5 | 0.5 | −1.2 | 1.4 | 1.6 | 1.4 | −0.6 | 2.4 | 2.5 |
| Net income | 3.4 | 5.3 | 4.1 | 1.8 | 5.1 | 6.0 | 5.3 | 5.7 | 7.9 | 4.6 | 11.5 | 11.8 | 4.9 | 4.3 | 4.2 | 10.3 |
| Diluted EPS | $2.18 | $3.35 | $2.56 | $1.10 | $3.13 | $3.63 | $3.30 | $3.66 | $5.28 | $2.72 | $6.45 | $6.63 | $2.72 | $2.39 | $2.36 | $5.83 |
| Diluted shares (average) | 1,577m | 1,577m | 1,604m | 1,610m | 1,637m | 1,631m | 1,603m | 1,546m | 1,484m | 1,673m | 1,777m | 1,778m | 1,773m | 1,773m | 1,773m | 1,774m |
| EBITDA | 4.1 | 6.3 | 6.1 | 3.8 | 8.0 | 9.8 | 10.0 | 6.9 | 13.4 | 12.0 | 18.7 | 18.9 | 13.5 | 9.9 | 15.8 | 22.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.1 | 13.3 | 15.4 | 15.8 | 16.6 | 15.0 | 17.0 | 17.4 |
| Cost of revenue | 4.4 | 4.0 | 4.3 | 5.3 | 4.6 | 4.2 | 4.3 | 4.3 |
| Gross profit | 10.7 | 9.3 | 11.1 | 10.5 | 12.1 | 10.8 | 12.7 | 13.1 |
| Research and development | 6.8 | 2.1 | 2.1 | 2.3 | 2.6 | 2.5 | 2.3 | 2.6 |
| Selling, general and administrative | 3.9 | 3.3 | 3.3 | 3.6 | 3.9 | 3.6 | 3.6 | 4.1 |
| Operating income | −1.5 | 3.7 | 4.9 | 1.9 | 4.5 | 4.0 | 6.4 | 6.3 |
| Interest expense | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 |
| Income before tax | −2.3 | 1.7 | 1.6 | 0.7 | 2.7 | 1.0 | 4.3 | 4.8 |
| Income tax | −2.2 | 0.4 | 0.6 | 0.5 | 0.9 | 0.3 | 0.7 | 0.6 |
| Net income | −0.0 | 1.3 | 0.9 | 0.2 | 1.8 | 0.7 | 3.6 | 4.2 |
| Diluted EPS | −$0.02 | $0.72 | $0.52 | $0.10 | $1.02 | $0.39 | $2.03 | $2.37 |
| EBITDA | −1.3 | 3.9 | 5.1 | 2.1 | 4.7 | 4.2 | 6.6 | 6.5 |
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