How much revenue does Novo Nordisk (NVO) generate?

Novo Nordisk (NVO) generated 327.80B DKK in total revenue in TTM through Q1 2026, with a net profit margin of 37.2%, equivalent to roughly 121.96B DKK in net income — what remains after every operating cost, interest payment, and income tax has been paid.

What is the gross profit margin of Novo Nordisk (NVO)?

Novo Nordisk (NVO) reported a gross profit margin of 81.8% in TTM through Q1 2026, equivalent to 268.30B DKK in gross profit on 327.80B DKK in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Novo Nordisk (NVO)?

Novo Nordisk (NVO) reported an operating profit margin of 45.3% in TTM through Q1 2026, equivalent to 148.49B DKK in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Novo Nordisk (NVO)?

Novo Nordisk (NVO) reported a net profit margin of 37.2% in TTM through Q1 2026, equivalent to 121.96B DKK in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Novo Nordisk (NVO) profitable?

Yes. Novo Nordisk (NVO) reported 121.96B DKK in net income for TTM through Q1 2026, with a net profit margin of 37.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Novo Nordisk (NVO) invest in research and development?

Novo Nordisk (NVO) invested 52.02B DKK in research and development during TTM through Q1 2026, roughly 15.9% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Novo Nordisk (NVO) spend on capital expenditures?

Novo Nordisk (NVO) spent 87.57B DKK on capital expenditures (CapEx) during TTM through Q1 2026, roughly 26.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Novo Nordisk (NVO) generate?

Novo Nordisk (NVO) generated 31.03B DKK in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 9.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Novo Nordisk (NVO)?

Novo Nordisk (NVO) had an effective tax rate of 21.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

How Novo Nordisk Makes Money: 2026 Visual Revenue Map

Novo Nordisk (NVO) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

Novo Nordisk discloses geographic revenue only in annual filings. to view the full breakdown.

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