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Novartis AG

NOVN#37 of 134 by buybacks

SW · Healthcare · Drug Manufacturers - General · Switzerland

novartis.com
Buybacks · TTM to Jun 2026$6.76Blatest four quarters
Buyback yield2.5%repurchases ÷ market cap
Dividends · TTM to Jun 2026$9.22Bdividend yield 3.4%
Shareholder yield5.9%buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−15.0%1.91B shares (2026)
Buybacks ÷ free cash flow42%payout incl. dividends 100%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in USD. Fiscal years end in December.
Shares outstanding
Share count down 15.0% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in USD. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

From the cash-flow statement as reported, in USD. Negative repurchases mean net share issuance.

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025$9.65B$8.19B$18.4B
FY2024Dec 2024$8.33B$7.62B$13.8B
FY2023Dec 2023$8.72B$7.25B$11.7B
FY2022Dec 2022$10.7B$7.51B$11.6B
FY2021Dec 2021$3.06B$7.37B$12.1B
FY2020Dec 2020$2.84B$6.99B$11.1B
FY2019Dec 2019$5.53B$6.64B$11.4B

Repurchases in FY2025 were +15.8% versus the prior year.

About Novartis AG

Novartis AG researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. The company offers Entresto, an angiotensin receptorneprilysin inhibitor to treat symptomatic chronic heart failure with reduced ejection fraction (HFrEF); Cosentyx to treat plaque psoriasis, pso riatic arthritis, ankylosing spondylitis, and nonradiographic axial spondy loarthritis; Kisqali, a selective oral cyclin dependent inhibitor of kinases 4 and 6 (CDK4/6); Promacta/Revo…

Market cap
CHF 226B
P/E (trailing)
22.4×
Fiscal year end
December
ISIN
CH0012005267
Reporting currency
USD
Data updated
Oct 9, 2026
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