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Latest annual · FY2025
Millions- Total revenues
- 309,064
- Gross profit
- 250,276
- Operating income
- 127,658
- Net income
- 102,434
Key stats
Open AnalysisCompound annual growth
- Revenue, 3 yearsFY2022 to FY2025
- +20.4%
- Revenue, 5 yearsFY2020 to FY2025
- +19.5%
- Net income, 5 yearsFY2020 to FY2025
- +19.4%
NOVO NORDISK A S (NVO) financials: quick answers
Annual figures as filed with the SEC. Each number links to the filing it came from and to its proof.
| Metric | FY2025 | FY2024 | Change | Source |
|---|---|---|---|---|
| Revenue | DKK 309.1 billion | DKK 290.4 billion | +6.4% | 20-F 2026-02-04 · proof |
| Gross profit | DKK 250.3 billion | DKK 245.9 billion | +1.8% | 20-F 2026-02-04 · proof |
| Operating income | DKK 127.7 billion | DKK 128.3 billion | -0.5% | 20-F 2026-02-04 · proof |
| Net income | DKK 102.4 billion | DKK 101 billion | +1.4% | 20-F 2026-02-04 · proof |
| Cash from operating activities | DKK 119.1 billion | DKK 121 billion | -1.5% | 20-F 2026-02-04 · proof |
| Free cash flow | DKK 59 billion | DKK 73.8 billion | -20.1% | 20-F 2026-02-04 · proof |
| Total assets | DKK 542.9 billion | DKK 465.6 billion | +16.6% | 20-F 2026-02-04 · proof |
| Total liabilities | DKK 348.9 billion | DKK 322.1 billion | +8.3% | 20-F 2026-02-04 · proof |
| Cash and cash equivalents | DKK 26.5 billion | DKK 15.7 billion | +69% | 20-F 2026-02-04 · proof |
| Total debt | DKK 143 billion | DKK 115.9 billion | +23.4% | 20-F 2026-02-04 · proof |
- What was NOVO NORDISK A S (NVO)'s revenue in fiscal 2025?
- NOVO NORDISK A S (NVO) reported revenue of DKK 309.1 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 290.4 billion the year before (+6.4%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What was NOVO NORDISK A S (NVO)'s gross profit in fiscal 2025?
- NOVO NORDISK A S (NVO) reported gross profit of DKK 250.3 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 245.9 billion the year before (+1.8%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What was NOVO NORDISK A S (NVO)'s operating income in fiscal 2025?
- NOVO NORDISK A S (NVO) reported operating income of DKK 127.7 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 128.3 billion the year before (-0.5%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What was NOVO NORDISK A S (NVO)'s net income in fiscal 2025?
- NOVO NORDISK A S (NVO) reported net income of DKK 102.4 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 101 billion the year before (+1.4%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What was NOVO NORDISK A S (NVO)'s cash from operating activities in fiscal 2025?
- NOVO NORDISK A S (NVO) reported cash from operating activities of DKK 119.1 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 121 billion the year before (-1.5%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What was NOVO NORDISK A S (NVO)'s free cash flow in fiscal 2025?
- NOVO NORDISK A S (NVO) reported free cash flow of DKK 59 billion for fiscal 2025 (the year ended Dec 31, 2025), against DKK 73.8 billion the year before (-20.1%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What are NOVO NORDISK A S (NVO)'s total assets?
- As of Dec 31, 2025, NOVO NORDISK A S (NVO) reported total assets of DKK 542.9 billion, against DKK 465.6 billion a year earlier (+16.6%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What are NOVO NORDISK A S (NVO)'s total liabilities?
- As of Dec 31, 2025, NOVO NORDISK A S (NVO) reported total liabilities of DKK 348.9 billion, against DKK 322.1 billion a year earlier (+8.3%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What are NOVO NORDISK A S (NVO)'s cash and cash equivalents?
- As of Dec 31, 2025, NOVO NORDISK A S (NVO) reported cash and cash equivalents of DKK 26.5 billion, against DKK 15.7 billion a year earlier (+69%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
- What is NOVO NORDISK A S (NVO)'s total debt?
- As of Dec 31, 2025, NOVO NORDISK A S (NVO) reported total debt of DKK 143 billion, against DKK 115.9 billion a year earlier (+23.4%). Source: the 20-F filed with the SEC on Feb 4, 2026. SEC
Read from the FinancialMD API on Nov 13, 2026. Values change only when a new filing is made; see the Financials tab for every period and as-of replay.
The same numbers for an agent, with proof on every value:
curl "https://api.financial.md/v1/company/financials/income_statement/standardized?company=ticker:NVO&period_type=annual&limit=5"Information only, not investment advice.