ABBV financial statements

The full income statement, balance sheet, and cash-flow statement for AbbVie Inc. (ABBV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 1.77B2024-09 1.77B2024-12 1.77B2025-03 1.77B2025-06 1.77B2025-09 1.77B2025-12 1.77B2026-03 1.77B2026-06 1.77B+0.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	61.2B YoY+8.6%	56.3B YoY+3.7%	54.3B YoY-6.4%	58.1B YoY+3.3%	56.2B YoY+22.7%
Cost of revenue	18.2B YoY+7.7%	16.9B YoY-17.2%	20.4B YoY+17.2%	17.4B YoY-0.2%	17.4B YoY+13.4%
Research & development	9.10B YoY-28.9%	12.8B YoY+66.7%	7.67B YoY+17.9%	6.51B YoY-6.0%	6.92B YoY+8.5%
Selling, general & administrative	14.0B YoY-5.0%	14.8B YoY+14.6%	12.9B YoY-15.6%	15.3B YoY+23.6%	12.3B YoY+9.3%
Amortization of intangibles	7.38B YoY-3.2%	7.62B YoY-4.1%	7.95B YoY+3.3%	7.69B YoY-0.4%	7.72B YoY+33.0%
Operating income	15.1B YoY+65.0%	9.14B YoY-28.4%	12.8B YoY-29.6%	18.1B YoY+1.1%	17.9B YoY+57.7%
Interest expense	2.89B YoY+3.0%	2.81B YoY+26.3%	2.22B YoY-0.3%	2.23B YoY-8.0%	2.42B YoY-1.3%
Other non-operating income	-5.79B YoY-78.8%	-3.24B YoY+30.7%	-4.68B YoY-91.1%	-2.45B YoY+2.1%	-2.50B YoY+55.5%
Pre-tax income	6.60B YoY+77.5%	3.72B YoY-40.5%	6.25B YoY-53.6%	13.5B YoY+3.8%	13.0B YoY+282.3%
Income tax	2.36B YoY+514.7%	-570M YoY-141.4%	1.38B YoY-15.6%	1.63B YoY+13.3%	1.44B YoY+217.6%
	4.23B YoY-1.2%	4.28B YoY-12.0%	4.86B YoY-58.9%	11.8B YoY+2.5%	11.5B YoY+150.0%
Net income to non-controlling interest	7.00M YoY-12.5%	8.00M YoY-20.0%	10.0M YoY+11.1%	9.00M YoY+28.6%	7.00M YoY+16.7%
Net income to common	4.19B YoY-1.2%	4.24B YoY-12.1%	4.82B YoY-59.1%	11.8B YoY+2.7%	11.5B YoY+151.7%
	$2.36 YoY-1.3%	$2.39 YoY-12.1%	$2.72 YoY-59.0%	$6.63 YoY+2.8%	$6.45 YoY+137.1%
EPS (basic)	$2.37 YoY-1.2%	$2.40 YoY-12.1%	$2.73 YoY-58.9%	$6.65 YoY+2.6%	$6.48 YoY+137.4%
	1.77B YoY+0.0%	1.77B YoY+0.1%	1.77B YoY-0.2%	1.77B YoY+0.1%	1.77B YoY+6.2%
	1.77B YoY+0.0%	1.77B YoY+0.0%	1.77B YoY-0.3%	1.78B YoY+0.1%	1.78B YoY+6.2%
Dividends per share	$6.65 YoY+5.7%	$6.29 YoY+5.0%	$5.99 YoY+4.9%	$5.71 YoY+7.5%	$5.31 YoY+9.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	29.1B YoY+13.6%	25.6B YoY-22.5%	33.0B YoY+15.9%	28.5B YoY+1.9%	27.9B YoY+15.5%
Cash & equivalents	5.23B YoY-5.3%	5.52B YoY-56.9%	12.8B YoY+39.3%	9.20B YoY-5.6%	9.75B YoY+15.4%
Short-term investments	28.0M YoY-9.7%	31.0M YoY+1450.0%	2.00M YoY-92.9%	28.0M YoY-66.7%	84.0M YoY+180.0%
Accounts receivable	12.6B YoY+15.3%	10.9B YoY-2.1%	11.2B YoY-0.9%	11.3B YoY+12.8%	9.98B YoY+13.1%
Inventory	4.95B YoY+18.4%	4.18B YoY+2.0%	4.10B YoY+14.5%	3.58B YoY+14.4%	3.13B YoY-5.5%
Prepaid expenses	6.29B	—	—	—	—
	134B YoY-0.9%	135B YoY+0.3%	135B YoY-2.9%	139B YoY-5.3%	147B YoY-2.7%
Property, plant & equipment	5.63B YoY+9.6%	5.13B YoY+2.9%	4.99B YoY+1.1%	4.93B YoY-3.4%	5.11B YoY-2.6%
Operating lease right-of-use	737M YoY+1.9%	723M YoY-2.8%	744M YoY+0.9%	737M YoY-3.3%	762M YoY-14.9%
Goodwill	35.6B YoY+2.0%	35.0B YoY+8.2%	32.3B YoY+0.4%	32.2B YoY-0.7%	32.4B YoY-2.2%
Intangible assets	52.6B YoY-12.4%	60.1B YoY+8.0%	55.6B YoY-17.5%	67.4B YoY-11.2%	76.0B YoY-8.4%
Long-term investments	268M YoY-3.9%	279M YoY-8.2%	304M YoY+26.1%	241M YoY-13.0%	277M YoY-5.5%
Other non-current assets	10.7B YoY+17.3%	9.14B YoY+7.4%	8.51B YoY+52.8%	5.57B YoY+14.1%	4.88B YoY+0.7%
	43.3B YoY+11.7%	38.7B YoY+2.4%	37.8B YoY+28.1%	29.5B YoY-16.1%	35.2B YoY+22.8%
Accounts payable	3.59B YoY+22.0%	2.94B YoY-20.1%	3.69B YoY+25.7%	2.93B YoY+1.8%	2.88B YoY+26.6%
Accrued liabilities	34.7B YoY+8.7%	31.9B YoY+4.2%	30.6B YoY+20.7%	25.4B YoY+11.9%	22.7B YoY+12.6%
Short-term & current debt	2.50B	0.00	0.00 YoY-100.0%	1.00M YoY-92.9%	14.0M YoY-58.8%
Current lease liability	194M YoY+9.0%	178M YoY+7.2%	166M YoY+0.0%	166M YoY-6.7%	178M YoY+1.7%
Finance lease liability (current)	19.0M YoY+11.8%	17.0M YoY+13.3%	15.0M YoY-11.8%	17.0M YoY+88.9%	9.00M YoY+12.5%
Long-term debt	64.5B YoY-3.5%	66.8B YoY+12.8%	59.2B YoY-6.2%	63.1B YoY-16.9%	76.0B YoY-10.6%
Non-current lease liability	689M YoY-1.1%	697M YoY-5.2%	735M YoY-2.5%	754M YoY+5.8%	713M YoY-14.3%
Operating lease liability (total)	883M YoY+0.9%	875M YoY-2.9%	901M YoY-2.1%	920M YoY+3.3%	891M YoY-11.5%
Finance lease liability (total)	41.0M YoY+2.5%	40.0M YoY-4.8%	42.0M YoY+23.5%	34.0M YoY+0.0%	34.0M YoY+17.2%
Finance lease liability	22.0M YoY-4.3%	23.0M YoY-14.8%	27.0M YoY+58.8%	17.0M YoY-32.0%	25.0M YoY+19.0%
Deferred tax liabilities	2.39B YoY-7.4%	2.58B YoY+32.1%	1.95B YoY-10.9%	2.19B YoY-27.2%	3.01B YoY-17.5%
Other non-current liabilities	32.6B YoY+8.1%	30.1B YoY-6.8%	32.3B YoY+5.5%	30.7B YoY+6.8%	28.7B YoY+4.0%
	-3.27B YoY-198.3%	3.33B YoY-67.9%	10.4B YoY-40.0%	17.3B YoY+12.0%	15.4B YoY+17.8%
Additional paid-in capital	22.5B YoY+5.4%	21.3B YoY+5.7%	20.2B YoY+4.9%	19.2B YoY+5.1%	18.3B YoY+5.3%
Retained earnings	-15.5B YoY-96.1%	-7.90B YoY-690.0%	-1.00B YoY-120.9%	4.78B YoY+53.0%	3.13B YoY+196.4%
Treasury stock	9.15B YoY+11.5%	8.20B YoY+25.5%	6.53B YoY+42.2%	4.59B YoY+46.2%	3.14B YoY+38.8%
Accumulated other comprehensive income	-1.14B YoY+40.6%	-1.93B YoY+16.5%	-2.31B YoY-4.8%	-2.20B YoY+24.1%	-2.90B YoY+7.0%
Non-controlling interest	42.0M YoY+7.7%	39.0M YoY+5.4%	37.0M YoY+12.1%	33.0M YoY+17.9%	28.0M YoY+33.3%
Total equity incl. non-controlling	-3.23B YoY-196.0%	3.36B YoY-67.6%	10.4B YoY-39.9%	17.3B YoY+12.0%	15.4B YoY+17.9%
Total liabilities & equity	134B YoY-0.9%	135B YoY+0.3%	135B YoY-2.9%	139B YoY-5.3%	147B YoY-2.7%
	1.84B YoY+0.4%	1.83B YoY+0.5%	1.82B YoY+0.5%	1.81B YoY+0.6%	1.80B YoY+0.6%
	1.77B YoY+0.2%	1.77B YoY-0.1%	1.77B YoY-0.2%	1.77B YoY+0.0%	1.77B YoY+0.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	19.0B YoY+1.2%	18.8B YoY-17.7%	22.8B YoY-8.4%	24.9B YoY+9.5%	22.8B YoY+29.5%
Depreciation & amortization	8.14B YoY-2.9%	8.39B YoY-3.6%	8.70B YoY+2.7%	8.47B YoY-0.6%	8.52B YoY+31.7%
Intangible amortization	7.38B YoY-3.2%	7.62B YoY-4.1%	7.95B YoY+3.3%	7.69B YoY-0.4%	7.72B YoY+33.0%
Share-based compensation	955M YoY+4.8%	911M YoY+22.0%	747M YoY+11.3%	671M YoY-3.0%	692M YoY-8.1%
Deferred income taxes	-492M YoY+66.0%	-1.45B YoY+49.8%	-2.89B YoY-49.6%	-1.93B YoY-115.0%	-898M YoY+61.4%
Change in receivables	1.49B YoY+819.8%	-207M YoY-213.6%	-66.0M YoY-104.5%	1.46B YoY+10.1%	1.32B YoY+42.2%
Change in inventory	234M YoY-26.6%	319M YoY-23.5%	417M YoY-39.2%	686M YoY+383.1%	142M YoY+255.0%
	-6.64B YoY+68.1%	-20.8B YoY-936.3%	-2.01B YoY-222.5%	-623M YoY+73.4%	-2.34B YoY+93.8%
Capital expenditure	1.21B YoY+24.6%	974M YoY+25.4%	777M YoY+11.8%	695M YoY-11.7%	787M YoY-1.4%
Free cash flow	17.8B YoY-0.1%	17.8B YoY-19.2%	22.1B YoY-9.0%	24.2B YoY+10.3%	22.0B YoY+31.0%
Acquisitions	204M YoY-98.8%	17.5B	0.00 YoY-100.0%	255M YoY-51.4%	525M YoY-98.6%
Sales/maturities of investments	76.0M YoY-86.3%	555M YoY+909.1%	55.0M YoY-96.4%	1.53B YoY+1461.2%	98.0M YoY-93.6%
Other investing activities	29.0M YoY+115.3%	-189M YoY-1353.8%	-13.0M YoY+98.3%	-774M YoY-111.5%	-366M YoY+73.6%
	-12.7B YoY-144.2%	-5.21B YoY+69.7%	-17.2B YoY+30.6%	-24.8B YoY-30.3%	-19.0B YoY-65.5%
Long-term debt issued	3.99B YoY-76.5%	17.0B	0.00 YoY-100.0%	2.00B YoY+100.0%	1.00B YoY-66.7%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	980M YoY-42.6%	1.71B YoY-13.4%	1.97B YoY+32.6%	1.49B YoY+59.2%	934M YoY-4.5%
Dividends paid	11.7B YoY+5.7%	11.0B YoY+4.6%	10.5B YoY+4.9%	10.0B YoY+8.4%	9.26B YoY+20.0%
Other financing activities	68.0M YoY+19.3%	57.0M YoY+18.8%	48.0M YoY+60.0%	30.0M YoY+25.0%	24.0M YoY+200.0%
FX effect on cash	42.0M YoY+164.6%	-65.0M YoY-1400.0%	5.00M YoY+108.1%	-62.0M YoY+36.1%	-97.0M YoY-1840.0%
Net change in cash	-295M YoY+96.0%	-7.29B YoY-301.8%	3.61B YoY+762.9%	-545M YoY-142.0%	1.30B YoY+104.1%
Interest paid	3.00B YoY+6.8%	2.81B YoY+13.9%	2.47B YoY-3.0%	2.55B YoY-6.1%	2.71B YoY+3.6%
Income taxes paid	3.63B YoY-11.6%	4.10B YoY-12.8%	4.70B YoY+57.3%	2.99B YoY-18.1%	3.65B YoY+117.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	404B YoY+28.8%	314B YoY+14.7%	274B YoY-4.3%	286B YoY+19.3%	239B YoY+26.6%
P/E	95.6× YoY+30.4%	73.3× YoY+74.6%	42.0× YoY+97.0%	21.3× YoY+2.7%	20.7× YoY-49.4%
P/S	6.6× YoY+18.6%	5.6× YoY+12.2%	5.0× YoY+0.4%	4.9× YoY+16.0%	4.3× YoY+3.2%
P/B	—	94.3× YoY+317.0%	22.6× YoY+26.6%	17.9× YoY+15.0%	15.5× YoY+7.4%
P/FCF	22.7× YoY+28.9%	17.6× YoY+59.0%	11.1× YoY-15.1%	13.0× YoY+19.7%	10.9× YoY-3.4%
	1.0% YoY-23.3%	1.4% YoY-42.7%	2.4% YoY-49.2%	4.7% YoY-2.7%	4.8% YoY+97.6%
	4.4% YoY-22.4%	5.7% YoY-37.1%	9.0% YoY+17.8%	7.7% YoY-16.5%	9.2% YoY+3.5%
	2.9% YoY-17.8%	3.5% YoY-8.4%	3.9% YoY+9.4%	3.5% YoY-9.9%	3.9% YoY-13.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ABBV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ABBV filings on SEC EDGAR → Not investment advice.