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Novo Nordisk A/S

NOVO-B#110 of 134 by buybacks

CO · Healthcare · Drug Manufacturers - General · Denmark

novonordisk.com
Buybacks · TTM to Jun 2026DKK 5.90B≈ $884M · reported in DKK
Buyback yield0.5%repurchases ÷ market cap
Dividends · TTM to Jun 2026DKK 52.0Bdividend yield 4.6%
Shareholder yield5.1%buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−3.2%4.44B shares (2026)
Buybacks ÷ free cash flow12%payout incl. dividends 118%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in DKK. Fiscal years end in December.
Shares outstanding
Share count down 3.2% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in DKK. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

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

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025DKK 1.39BDKK 51.8BDKK 29.0B
FY2024Dec 2024DKK 20.2BDKK 44.1BDKK 69.7B
FY2023Dec 2023DKK 29.9BDKK 31.8BDKK 70.0B
FY2022Dec 2022DKK 24.1BDKK 25.3BDKK 64.1B
FY2021Dec 2021DKK 19.4BDKK 21.5BDKK 47.6B
FY2020Dec 2020DKK 16.9BDKK 20.1BDKK 29.9B
FY2019Dec 2019DKK 15.3BDKK 19.4BDKK 35.6B

Repurchases in FY2025 were −93.1% versus the prior year.

About Novo Nordisk A/S

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides…

Market cap
DKK 1.13T
P/E (trailing)
9.7×
Fiscal year end
December
ISIN
DK0062498333
Reporting currency
DKK
Data updated
Oct 10, 2026
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