Novartis AG annual return on equity
2017
2018
2019
2020
2021
2022
2023
2024
2025
Novartis AG Return on Equity (ROE) Growth & History (NVS)
Novartis AG's return on equity was 30.98% for fiscal 2025.
View full Novartis AG company overviewNovartis AG annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 30.98% | +4.65 pp |
| 2024 | 2024-12-31 | 26.32% | −1.70 pp |
| 2023 | 2023-12-31 | 28.02% | +17.07 pp |
| 2022 | 2022-12-31 | 10.95% | −27.71 pp |
| 2021 | 2021-12-31 | 38.66% | +24.26 pp |
| 2020 | 2020-12-31 | 14.40% | −3.10 pp |
| 2019 | 2019-12-31 | 17.51% | +0.99 pp |
| 2018 | 2018-12-31 | 16.51% | +6.17 pp |
| 2017 | 2017-12-31 | 10.34% | — |
Novartis AG quarterly return on equity
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 8.15% | −1.20 pp |
| Q1 2026 | 2026-03-31 | 7.46% | — |
| Q4 2025 | 2025-12-31 | 5.33% | — |
| Q3 2025 | 2025-09-30 | 9.10% | — |
| Q2 2025 | 2025-06-30 | 9.35% | +2.01 pp |
| Q2 2024 | 2024-06-30 | 7.34% | +3.18 pp |
| Q2 2023 | 2023-06-30 | 4.17% | +1.57 pp |
| Q2 2022 | 2022-06-30 | 2.60% | −2.64 pp |
| Q2 2021 | 2021-06-30 | 5.23% | +1.82 pp |
| Q2 2020 | 2020-06-30 | 3.42% | −7.04 pp |
| Q2 2019 | 2019-06-30 | 10.46% | +0.17 pp |
| Q2 2018 | 2018-06-30 | 10.29% | — |
Novartis AG return on equity trends
Over the last five fiscal years, Novartis AG's return on equity increased from 14.40% to 30.98%, a change of +16.57 percentage points. The latest reported quarter, Q2 2026, shows 8.15%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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