ABBV AbbVie

XNYS Up Alert

Health Care

· How we analyze

About the company

AbbVie is a US pharmaceutical company that was spun off from Abbott in 2013. Its focus areas are immunology (Skyrizi, Rinvoq, formerly Humira), cancer drugs, neuroscience and aesthetic medicine with Botox. Its medicines are sold worldwide. As of Oct 11, 2026

Fact sheet (from the annual report) Pharmaceutical manufacturers · North Chicago, USA

According to the company, it is a global research-based biopharmaceutical company with a single business segment. Its therapeutic areas are immunology, neuroscience, oncology and aesthetics. Immunology includes Skyrizi, approved among other uses for moderate to severe plaque psoriasis, and Rinvoq, approved among other uses for rheumatoid arthritis. In neuroscience the company markets Vraylar for schizophrenia and Botox Therapeutic, for example for chronic migraine. Important customers also include managed care providers such as pharmacy benefit managers, as well as hospitals and government bodies such as the Medicaid programs; external partners handle parts of manufacturing.

Automatically summarized from SEC annual report (10-K, filed Feb 20, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +0.4%
  • 7 days +1.4%
  • 30 days +8.5%
  • 1 year +25.8%
Day range (last trading day)
−0.5%Price at 35% of the range+1.0%
52-week range
−33.5%Price at 95% of the range+1.6%
Distance from the all-time high
−1.6%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

No buy zone

There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.

An observation, not investment advice

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis AbbVie (4-hour candles): Nested combination, Corrective pattern (upward), Z in progress (3 of 3 guidelines) (smaller wave degree); no buy zone of the rule on this timeframe. Candlestick chart ABBV with 78 4-hour candles from Sep 2, 2026, 15:30 to Oct 27, 2026, 18:30. No buy zone of the rule on this timeframe – only the Elliott count: Nested combination, Corrective pattern (upward), Z in progress (3 of 3 guidelines) (X = 51% of W; Y = 148% of W; X = 40% of Y; Z = 25% of W–Y), invalid on a close below the end of the second X. smaller wave degree: Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart. Fibonacci target zones for this count from Watcher. No value axis. Automated analysis (rule-based), not investment advice. ABBV · 4-hour candles · Automated analysis (rule-based) No buy zone of the rule – Elliott count only Smaller wave degree: more sensitive turning points – check the count yourself on the chart Fibonacci target zones for this count from Watcher invalid on a close below the end of the second X 0 W X Y X Z in progress Sep 4 Sep 15 Sep 23 Oct 1 Oct 9 Oct 19 last candle Oct 27, 2026, 18:30 · not investment advice Without a buy zone of the rule: no value axis
  • 4-hour candles (green = close above open, red = below)
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)
  • Dashed throughout with a label: fallback count (smaller wave degree) – provisional, check it yourself on the chart
  • Watcher Fibonacci target zones for this count from Watcher

Elliott count: Nested combination, Corrective pattern (upward), Z in progress (3 of 3 guidelines) · X = 51% of W; Y = 148% of W; X = 40% of Y; Z = 25% of W–Y

smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.

Note: Nested: leg W is itself a combination, its X is 38.3% (at most 88.7%).

Note: Structure ambiguous: leg Y can also be read as three- or five-part.

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario (3 of 3 guidelines, strong) · no alternative

Weighting by guidelines met – not a probability.

smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.

Main scenario

strong · 3 of 3 guidelines

As long as the 4-hour close stays above the end of the second X, this applies: complex countermove upward (Nested combination), Z in progress – count points to rising prices.

Invalid if the 4-hour close is below the end of the second X

Alternative

If that breaks, this count no longer applies. Currently no alternative that follows the rules.

Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.

Fundamental analysis

AbbVie · Sector Health Care · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 20, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 5 of 7 met · 1 without data

  • met: Gross margin above 40% 70.2%
  • met: Operating margin above 15% 24.6%
  • not met: Net margin above 10% 6.9%
  • no data: Return on equity above 15% negative equity
  • met: Free cash flow margin above 10% 29.1%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • not met: Equity ratio above 30% −2.4%
Gross margin

70.2% Fiscal year 2025

Rank 80 of 100: higher than 80% of 153 peers (All). strong.

Rank 63 of 100: higher than 63% of 20 peers (Sector). medium.

Median Health Care: 66.6%

Share of revenue left after the direct cost of the products sold.

Operating margin

24.6% Fiscal year 2025

Rank 66 of 100: higher than 66% of 192 peers (All). medium.

Rank 68 of 100: higher than 68% of 20 peers (Sector). strong.

Median Health Care: 18.0%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

6.9% Fiscal year 2025

Rank 30 of 100: higher than 30% of 237 peers (All). weak.

Rank 33 of 100: higher than 33% of 26 peers (Sector). medium.

Median Health Care: 13.9%

Profit after all costs, interest and taxes divided by revenue.

Return on assets

3.2% Fiscal year 2025 (total assets at year end)

Rank 30 of 100: higher than 30% of 238 peers (All). weak.

Rank 17 of 100: higher than 17% of 26 peers (Sector). weak.

Median Health Care: 6.4%

Net income divided by total assets at fiscal year end.

Equity ratio

−2.4% Fiscal year 2025

Rank 6 of 100: higher than 6% of 239 peers (All). weak.

Rank 17 of 100: higher than 17% of 26 peers (Sector). weak.

Median Health Care: 38.5%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

29.1% Fiscal year 2025

Rank 82 of 100: higher than 82% of 213 peers (All). strong.

Rank 94 of 100: higher than 94% of 25 peers (Sector). strong.

Median Health Care: 14.9%

Free cash flow divided by revenue.

Free cash flow

17.8B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 4 of 7 met

  • not met: Over 3 years, revenue grew by more than 5% per year +1.8%
  • met: Over 5 years, revenue grew by more than 5% per year +6.0%
  • met: Over 10 years, revenue grew by more than 5% per year +10.3%
  • not met: Over 3 years, EPS grew by more than 5% per year −29.1%
  • not met: Over 5 years, EPS grew by more than 5% per year −2.8%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +8.6%
Revenue growth 3 years

+1.8% per year

Rank 23 of 100: higher than 23% of 230 peers (All). weak.

Rank 34 of 100: higher than 34% of 25 peers (Sector). medium.

Median Health Care: +5.6%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+6.0% per year

Rank 25 of 100: higher than 25% of 217 peers (All). weak.

Rank 26 of 100: higher than 26% of 25 peers (Sector). weak.

Median Health Care: +8.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+10.3% per year

Rank 65 of 100: higher than 65% of 157 peers (All). medium.

Rank 55 of 100: higher than 55% of 19 peers (Sector). medium.

Median Health Care: +10.1%

Average growth per year over 10 fiscal years.

EPS growth 3 years

−29.1% per year

Rank 4 of 100: higher than 4% of 157 peers (All). weak.

Rank 7 of 100: higher than 7% of 22 peers (Sector). weak.

Median Health Care: +5.5%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

−2.8% per year

Rank 9 of 100: higher than 9% of 146 peers (All). weak.

Rank 18 of 100: higher than 18% of 20 peers (Sector). weak.

Median Health Care: +7.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

−2.8% per year

Rank 8 of 100: higher than 8% of 140 peers (All). weak.

Rank 13 of 100: higher than 13% of 20 peers (Sector). weak.

Median Health Care: +8.3%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 6 of 7 met

  • met: Pays a dividend 6.65 USD
  • not met: Payout ratio at most 60% of earnings 282%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +6.6%
  • met: Free cash flow per share covers the dividend 1.5x
  • met: Dividends paid over the last 5 years covered by free cash flow 51% of free cash flow
Payout ratio

282% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+6.6% per year

Rank 32 of 100: higher than 32% of 118 peers (All). weak.

Rank 41 of 100: higher than 41% of 16 peers (Sector). medium.

Median Health Care: +7.8%

Growth of the dividend per share per year.

Free cash flow coverage

1.5x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 2 of 6 met

  • met: Piotroski F-Score at least 7 of 9 8 of 9
  • not met: Long-term debt no higher than equity negative equity
  • not met: Current assets cover current liabilities 0.67
  • not met: Positive equity −3.3B USD
  • not met: In 5 years, share count up by at most 5% +6.0%
  • met: Free cash flow positive in the last fiscal year 17.8B USD
Piotroski F-Score

8 of 9 Fiscal year 2025

Rank 90 of 100: higher than 90% of 134 peers (All). strong.

Rank 92 of 100: higher than 92% of 19 peers (Sector). strong.

Median Health Care: 7.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

negative equity at fiscal year end

No rank: too few peers or not computed yet.

Long-term financial debt divided by equity.

Liquidity (current ratio)

0.67 at fiscal year end

Rank 7 of 100: higher than 7% of 215 peers (All). weak.

Rank 2 of 100: higher than 2% of 26 peers (Sector). weak.

Median Health Care: 1.56

Current assets divided by current liabilities.

Change in share count

+6.0% in 5 years

Rank 29 of 100: lower than 29% of 199 peers (All). weak.

Rank 6 of 100: lower than 6% of 24 peers (Sector). weak.

Median Health Care: −2.7%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light yellow: Revenue grew over 5 years (+6.0% per year), more slowly than the sector median.
  • Light red: Net income (total) shrank over 5 years (−1.7% per year); per share −2.8% per year.
  • Light yellow: Net margin 6.9%, below the sector median (12.9%).
  • Light green: Profit in each of the last 10 fiscal years.
  • Light red: Dividend higher than earnings.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 25.6B USD · Net income 6.0B USD · Net margin 23.2%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 28.2B USD · Net income 5.3B USD · Net margin 18.8%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 32.8B USD · Net income 5.7B USD · Net margin 17.4%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 33.3B USD · Net income 7.9B USD · Net margin 23.7%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 45.8B USD · Net income 4.6B USD · Net margin 10.1%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 56.2B USD · Net income 11.5B USD · Net margin 20.5%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 58.1B USD · Net income 11.8B USD · Net margin 20.4%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 54.3B USD · Net income 4.9B USD · Net margin 9.0%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 56.3B USD · Net income 4.3B USD · Net margin 7.6%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 61.2B USD · Net income 4.2B USD · Net margin 6.9%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 61.2B USD · Net income 4.2B USD · Net margin 6.9%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 70.2 USD gross profit, 24.6 USD operating income and 6.9 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue61.2B USD100.0%
Gross profit43.0B USD70.2%
Cost of revenue18.2B USD29.8%
Operating income15.1B USD24.6%
Research & development9.1B USD14.9%
Other operating expenses18.8B USD30.7%
Net income4.2B USD6.9%
Interest expense2.9B USD4.7%
Taxes2.4B USD3.9%
Other5.6B USD9.1%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin stayed roughly the same in 5 years (24.6%).

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 77.3% · Operating margin 36.6% · Net margin 23.2%
  2. Fiscal year 2017: Gross margin 75.0% · Operating margin 34.0% · Net margin 18.8%
  3. Fiscal year 2018: Gross margin 76.4% · Operating margin 19.5% · Net margin 17.4%
  4. Fiscal year 2019: Gross margin 77.6% · Operating margin 39.0% · Net margin 23.7%
  5. Fiscal year 2020: Gross margin 66.4% · Operating margin 24.8% · Net margin 10.1%
  6. Fiscal year 2021: Gross margin 69.0% · Operating margin 31.9% · Net margin 20.5%
  7. Fiscal year 2022: Gross margin 70.0% · Operating margin 31.2% · Net margin 20.4%
  8. Fiscal year 2023: Gross margin 62.4% · Operating margin 23.5% · Net margin 9.0%
  9. Fiscal year 2024: Gross margin 70.0% · Operating margin 16.2% · Net margin 7.6%
  10. Fiscal year 2025: Gross margin 70.2% · Operating margin 24.6% · Net margin 6.9%

Returns

Return on equity rose in 3 years from 35.3% to 46.9%.

Return on equityReturn on assets Return on equity hidden where equity is below 5% of total assets.
  1. Fiscal year 2016: Return on equity 128.4% · Return on assets 9.0%
  2. Fiscal year 2017: Return on equity 104.2% · Return on assets 7.5%
  3. Fiscal year 2018: Return on equity not available · Return on assets 9.6%
  4. Fiscal year 2019: Return on equity not available · Return on assets 8.8%
  5. Fiscal year 2020: Return on equity 35.3% · Return on assets 3.1%
  6. Fiscal year 2021: Return on equity 74.9% · Return on assets 7.9%
  7. Fiscal year 2022: Return on equity 68.6% · Return on assets 8.5%
  8. Fiscal year 2023: Return on equity 46.9% · Return on assets 3.6%
  9. Fiscal year 2024: Return on equity not available · Return on assets 3.2%
  10. Fiscal year 2025: Return on equity not available · Return on assets 3.2%

Equity and long-term debt

The equity ratio fell in 5 years from 8.7% to −2.4%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 4.6B USD · Long-term debt 36.4B USD
  2. Fiscal year 2017: Equity 5.1B USD · Long-term debt 31.0B USD
  3. Fiscal year 2018: Equity −8.4B USD · Long-term debt 35.0B USD
  4. Fiscal year 2019: Equity −8.2B USD · Long-term debt 63.0B USD
  5. Fiscal year 2020: Equity 13.1B USD · Long-term debt 77.6B USD
  6. Fiscal year 2021: Equity 15.4B USD · Long-term debt 64.2B USD
  7. Fiscal year 2022: Equity 17.3B USD · Long-term debt 59.1B USD
  8. Fiscal year 2023: Equity 10.4B USD · Long-term debt 52.2B USD
  9. Fiscal year 2024: Equity 3.3B USD · Long-term debt 60.3B USD
  10. Fiscal year 2025: Equity −3.3B USD · Long-term debt 58.9B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 0.84 to 0.67.

Current ratio
  1. Fiscal year 2016: Current ratio 1.65
  2. Fiscal year 2017: Current ratio 1.28
  3. Fiscal year 2018: Current ratio 0.98
  4. Fiscal year 2019: Current ratio 3.18
  5. Fiscal year 2020: Current ratio 0.84
  6. Fiscal year 2021: Current ratio 0.79
  7. Fiscal year 2022: Current ratio 0.96
  8. Fiscal year 2023: Current ratio 0.87
  9. Fiscal year 2024: Current ratio 0.66
  10. Fiscal year 2025: Current ratio 0.67

Cash flow

Free cash flow rose in 5 years from 16.8B USD to 17.8B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 7.0B USD · Capital expenditure 479.0M USD · Free cash flow 6.6B USD
  2. Fiscal year 2017: Operating cash flow 10.0B USD · Capital expenditure 529.0M USD · Free cash flow 9.4B USD
  3. Fiscal year 2018: Operating cash flow 13.4B USD · Capital expenditure 638.0M USD · Free cash flow 12.8B USD
  4. Fiscal year 2019: Operating cash flow 13.3B USD · Capital expenditure 552.0M USD · Free cash flow 12.8B USD
  5. Fiscal year 2020: Operating cash flow 17.6B USD · Capital expenditure 798.0M USD · Free cash flow 16.8B USD
  6. Fiscal year 2021: Operating cash flow 22.8B USD · Capital expenditure 787.0M USD · Free cash flow 22.0B USD
  7. Fiscal year 2022: Operating cash flow 24.9B USD · Capital expenditure 695.0M USD · Free cash flow 24.2B USD
  8. Fiscal year 2023: Operating cash flow 22.8B USD · Capital expenditure 777.0M USD · Free cash flow 22.1B USD
  9. Fiscal year 2024: Operating cash flow 18.8B USD · Capital expenditure 974.0M USD · Free cash flow 17.8B USD
  10. Fiscal year 2025: Operating cash flow 19.0B USD · Capital expenditure 1.2B USD · Free cash flow 17.8B USD

Share count

The share count rose in 5 years by 6.0% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 1.6B
  2. Fiscal year 2017: Diluted share count 1.6B
  3. Fiscal year 2018: Diluted share count 1.5B
  4. Fiscal year 2019: Diluted share count 1.5B
  5. Fiscal year 2020: Diluted share count 1.7B
  6. Fiscal year 2021: Diluted share count 1.8B
  7. Fiscal year 2022: Diluted share count 1.8B
  8. Fiscal year 2023: Diluted share count 1.8B
  9. Fiscal year 2024: Diluted share count 1.8B
  10. Fiscal year 2025: Diluted share count 1.8B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
6.65 USD · Fiscal year 2025
Dividend growth per year
3 y +5.2%5 y +6.6%10 y –
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 282% of free cash flow 65%
To shareholders (5 years)
59.6B USD 12% through repurchases
Share count over 5 years
+6.0% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 4.84 USD to 6.65 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 2.35 USD
  2. Fiscal year 2017: Dividend per share 2.63 USD
  3. Fiscal year 2018: Dividend per share 3.95 USD
  4. Fiscal year 2019: Dividend per share 4.39 USD
  5. Fiscal year 2020: Dividend per share 4.84 USD
  6. Fiscal year 2021: Dividend per share 5.31 USD
  7. Fiscal year 2022: Dividend per share 5.71 USD
  8. Fiscal year 2023: Dividend per share 5.99 USD
  9. Fiscal year 2024: Dividend per share 6.29 USD
  10. Fiscal year 2025: Dividend per share 6.65 USD

Payout ratios

The payout ratio rose in 5 years from 177.9% to 281.8%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 64.7% · Payout ratio (free cash flow) 56.6%
  2. Fiscal year 2017: Payout ratio (earnings) 79.7% · Payout ratio (free cash flow) 43.5%
  3. Fiscal year 2018: Payout ratio (earnings) 107.9% · Payout ratio (free cash flow) 43.6%
  4. Fiscal year 2019: Payout ratio (earnings) 83.1% · Payout ratio (free cash flow) 49.8%
  5. Fiscal year 2020: Payout ratio (earnings) 177.9% · Payout ratio (free cash flow) 46.0%
  6. Fiscal year 2021: Payout ratio (earnings) 82.3% · Payout ratio (free cash flow) 42.1%
  7. Fiscal year 2022: Payout ratio (earnings) 86.1% · Payout ratio (free cash flow) 41.4%
  8. Fiscal year 2023: Payout ratio (earnings) 220.2% · Payout ratio (free cash flow) 47.8%
  9. Fiscal year 2024: Payout ratio (earnings) 263.2% · Payout ratio (free cash flow) 61.8%
  10. Fiscal year 2025: Payout ratio (earnings) 281.8% · Payout ratio (free cash flow) 65.4%

What goes back to shareholders

Over 5 years, 59.6B USD went back to shareholders, 12% of it through share repurchases. That is 57% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 3.7B USD · Share repurchases 6.0B USD · New shares issued (including employee plans) not available · Free cash flow 6.6B USD
  2. Fiscal year 2017: Dividends paid 4.1B USD · Share repurchases 1.4B USD · New shares issued (including employee plans) not available · Free cash flow 9.4B USD
  3. Fiscal year 2018: Dividends paid 5.6B USD · Share repurchases 12.0B USD · New shares issued (including employee plans) not available · Free cash flow 12.8B USD
  4. Fiscal year 2019: Dividends paid 6.4B USD · Share repurchases 629.0M USD · New shares issued (including employee plans) not available · Free cash flow 12.8B USD
  5. Fiscal year 2020: Dividends paid 7.7B USD · Share repurchases 978.0M USD · New shares issued (including employee plans) not available · Free cash flow 16.8B USD
  6. Fiscal year 2021: Dividends paid 9.3B USD · Share repurchases 934.0M USD · New shares issued (including employee plans) not available · Free cash flow 22.0B USD
  7. Fiscal year 2022: Dividends paid 10.0B USD · Share repurchases 1.5B USD · New shares issued (including employee plans) not available · Free cash flow 24.2B USD
  8. Fiscal year 2023: Dividends paid 10.5B USD · Share repurchases 2.0B USD · New shares issued (including employee plans) not available · Free cash flow 22.1B USD
  9. Fiscal year 2024: Dividends paid 11.0B USD · Share repurchases 1.7B USD · New shares issued (including employee plans) not available · Free cash flow 17.8B USD
  10. Fiscal year 2025: Dividends paid 11.7B USD · Share repurchases 980.0M USD · New shares issued (including employee plans) not available · Free cash flow 17.8B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

AbbVie next to 8 stocks of the sector Health Care we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison ABBV, sector Health Care; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
JNJ Johnson & Johnson 94.2B USD +2.7%67.9%–28.5%32.9%40.9%20.9%4/9
HCA HCA Healthcare 75.6B USD +8.0%––9.0%–−9.9%10.2%–
LLY Lilly (Eli) 65.2B USD +21.6%83.0%–31.7%77.8%23.6%13.8%7/9
MRK Merck & Co. 65.0B USD +6.3%74.8%–28.1%34.7%38.4%19.0%4/9
PFE Pfizer 62.6B USD +8.5%74.3%–12.4%9.0%41.5%14.5%6/9
ABBV AbbVie this stock 61.2B USD +6.0%70.2%24.6%6.9%–−2.4%29.1%8/9
BMY Bristol Myers Squibb 48.2B USD +2.5%71.1%–14.6%38.2%20.5%26.7%8/9
TMO Thermo Fisher Scientific 44.6B USD +6.7%–17.4%15.0%12.6%48.4%14.1%–
ABT Abbott Laboratories 44.3B USD +5.1%56.4%18.2%14.7%12.5%60.1%16.7%6/9
Median of the sector 26 symbols 44.4B USD +8.5%66.6%18.0%13.9%14.3%38.5%14.9%7/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 63 symbols in the Health Care sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+6.0% per year, last 5 years

Sector Health Care: median +7.8% (60 symbols)

What does this mean? Revenue: over 5 years it grew by 6.0% per year on average, but more slowly than the median company in the sector (+7.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light red: shrinking

−1.7% per year, last 5 years

Sector Health Care: median +7.5% (46 symbols)

per share: −2.8% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it fell by 1.7% per year on average. The median company in the sector reached +7.5% per year.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

6.9% last fiscal year

Sector Health Care: median 12.9% (63 symbols)

What does this mean? Of every 100 USD in revenue, 6.91 USD remained as profit – less than the median company in the sector (12.9%). Five years ago the margin was 10.1%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: negative equity

– latest balance sheet

Sector Health Care: median 0.66 (49 symbols)

What does this mean? Equity is negative (e.g. due to share buybacks). A debt-to-equity ratio cannot be formed meaningfully then.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light red: above earnings

282% Dividend / earnings per share

Sector Health Care: median 28% (31 symbols)

What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. Median company in the sector: 28%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
61.2B USD
Revenue vs. prior year
+8.6%
Net income (FY)
4.2B USD
Net income vs. prior year
−1.2%
EPS (FY)
2.36 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
+127.8%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 20, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 61.2B4.2B 6.9% 2.36 6.65 282%
2024Dec 31, 2024 56.3B4.3B 7.6% 2.39 6.29 263%
2023Dec 31, 2023 54.3B4.9B 9.0% 2.72 5.99 220%
2022Dec 31, 2022 58.1B11.8B 20.4% 6.63 5.71 86%
2021Dec 31, 2021 56.2B11.5B 20.5% 6.45 5.31 82%
2020Dec 31, 2020 45.8B4.6B 10.1% 2.72 4.84 178%
2019Dec 31, 2019 33.3B7.9B 23.7% 5.28 4.39 83%
2018Dec 31, 2018 32.8B5.7B 17.4% 3.66 3.95 108%
2017Dec 31, 2017 28.2B5.3B 18.8% 3.30 2.63 80%
2016Dec 31, 2016 25.6B6.0B 23.2% 3.63 2.35 65%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 17.0B3.6B 21.3% 2.03 1.73 85%
Q1/26Mar 31, 2026 15.0B695.0M 4.6% 0.39 1.73 444%
Q4/25Dec 31, 2025 16.6B1.8B 10.9% 1.02 1.73 170%
Q3/25Sep 30, 2025 15.8B186.0M 1.2% 0.10 1.64 1,640%
Q2/25Jun 30, 2025 15.4B938.0M 6.1% 0.52 1.64 315%
Q1/25Mar 31, 2025 13.3B1.3B 9.6% 0.72 1.64 228%
Q4/24Dec 31, 2024 15.1B−22.0M −0.1% −0.02 1.64 –
Q3/24Sep 30, 2024 14.5B1.6B 10.8% 0.88 1.55 176%
Q2/24Jun 30, 2024 14.5B1.4B 9.5% 0.77 1.55 201%
Q1/24Mar 31, 2024 12.3B1.4B 11.1% 0.77 1.55 201%
Q4/23Dec 31, 2023 14.3B822.0M 5.7% 0.46 1.55 337%
Q3/23Sep 30, 2023 13.9B1.8B 12.8% 1.00 1.48 148%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $8.2M1 person −$8.2M
6 months $00 people $8.2M1 person −$8.2M
12 months $00 people $18.9M3 people −$18.9M

Latest transactions

  • Aug 14, 2026 Donoghoe Nicholas Officer Open-market sale 32,710 shares · $8.2M · SEC
  • Mar 4, 2026 Purdue David Ryan Officer Open-market sale 5,230 shares · $1.2M · SEC
  • Mar 2, 2026 Siatis Perry C Officer Open-market sale · 10b5-1 plan 2,600 shares · $611.7K · SEC
  • Mar 2, 2026 Siatis Perry C Officer Open-market sale · 10b5-1 plan 10,291 shares · $2.4M · SEC
  • Mar 2, 2026 Siatis Perry C Officer Open-market sale · 10b5-1 plan 5,777 shares · $1.3M · SEC
  • Feb 25, 2026 Siatis Perry C Officer Open-market sale · 10b5-1 plan 22,381 shares · $5.1M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +80

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+0
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)34.3
Rel. strength 60 d+11.5%

ATR and moving averages as price values only when logged in.

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