Sanofi annual net debt
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sanofi Net Debt Growth & History (SAN)
Sanofi's net debt was €12.67B for fiscal 2025.
View full Sanofi company overviewSanofi annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €12.67B | €2.21B | +21.09% |
| 2024 | 2024-12-31 | €10.46B | €753.0M | +7.75% |
| 2023 | 2023-12-31 | €9.71B | €1.24B | +14.58% |
| 2022 | 2022-12-31 | €8.48B | −€3.84B | −31.18% |
| 2021 | 2021-12-31 | €12.32B | €2.56B | +26.19% |
| 2020 | 2020-12-31 | €9.76B | −€6.75B | −40.87% |
| 2019 | 2019-12-31 | €16.51B | −€1.21B | −6.82% |
| 2018 | 2018-12-31 | €17.71B | €12.56B | +243.78% |
| 2017 | 2017-12-31 | €5.15B | −€3.08B | −37.43% |
| 2016 | 2016-12-31 | €8.24B | €986.0M | +13.60% |
| 2015 | 2015-12-31 | €7.25B | — | — |
Sanofi quarterly net debt
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €17.23B | €10.29B | +148.36% |
| Q1 2026 | 2026-03-31 | €14.48B | — | — |
| Q4 2025 | 2025-12-31 | €12.78B | €2.18B | +20.58% |
| Q3 2025 | 2025-09-30 | €12.85B | — | — |
| Q2 2025 | 2025-06-30 | €6.94B | −€10.20B | −59.52% |
| Q4 2024 | 2024-12-31 | €10.60B | €751.0M | +7.62% |
| Q2 2024 | 2024-06-30 | €17.14B | €3.90B | +29.43% |
| Q4 2023 | 2023-12-31 | €9.85B | €1.19B | +13.71% |
| Q2 2023 | 2023-06-30 | €13.24B | −€1.30B | −8.92% |
| Q4 2022 | 2022-12-31 | €8.66B | −€3.60B | −29.34% |
| Q2 2022 | 2022-06-30 | €14.54B | €2.54B | +21.16% |
| Q4 2021 | 2021-12-31 | €12.26B | €1.44B | +13.27% |
| Q2 2021 | 2021-06-30 | €12.00B | €3.21B | +36.55% |
| Q4 2020 | 2020-12-31 | €10.82B | −€5.57B | −33.96% |
| Q2 2020 | 2020-06-30 | €8.79B | — | — |
| Q4 2019 | 2019-12-31 | €16.39B | — | — |
Sanofi net debt trends
Over the last five fiscal years, Sanofi's net debt increased from €9.76B to €12.67B, a change of €2.91B. The latest reported quarter, Q2 2026, shows €17.23B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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