AbbVie
Develops immunology, neuroscience, oncology, and aesthetics products led by Skyrizi and Rinvoq.
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Profile
Develops and sells medicines across immunology, neuroscience, oncology, and eye care, plus Botox Cosmetic and other aesthetics products. Skyrizi and Rinvoq now generate roughly half of revenue, making regulatory approvals, market access, and product exclusivity central to the business.
Develops, manufactures, and commercializes prescription medicines across immunology, neuroscience, oncology, and eye care, alongside Allergan Aesthetics products. Skyrizi and Rinvoq anchor immunology; Vraylar, Botox Therapeutic, Ubrelvy, and Qulipta serve neuroscience; Imbruvica, Venclexta, and Elahere cover blood and solid cancers; Botox Cosmetic and Juvederm lead aesthetics. Products are sold worldwide, with the United States generating most revenue.
Pairs internal research with licensing and acquisitions, then uses a global supply chain and commercial network to launch medicines and expand approved uses. Skyrizi and Rinvoq together produce roughly half of recent revenue as Humira declines after biosimilar entry. Sales depend on clinical and regulatory approvals, patent and regulatory exclusivity, payer reimbursement, and access through wholesalers, specialty pharmacies, and healthcare providers.
Company facts
Key statistics
Year to date +11.4% · Average volume (30d) 4.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Piper Sandler | Reiterate | Overweight | $298 | $303 | |
| Aug 17, 2026 | Wells Fargo | Reiterate | Overweight | $295 | $300 | |
| Aug 13, 2026 | Wolfe Research | Upgrade | Peer Perform | Outperform | $127 | $300 |
| Aug 4, 2026 | Guggenheim | Reiterate | Buy | $261 | $288 | |
| Aug 3, 2026 | Morgan Stanley | Reiterate | Overweight | $278 | $296 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $3.61 | $3.65 | +1.1% | $16.80B | $16.99B | +1.1% | −2.51% |
| Apr 29, 2026Q1 FY26 | $2.59 | $2.65 | +2.3% | $14.72B | $15.00B | +1.9% | +3.64% |
| Feb 4, 2026Q4 FY25 | $2.65 | $2.71 | +2.3% | $16.41B | $16.62B | +1.2% | +0.88% |
| Oct 31, 2025Q3 FY25 | $1.77 | $1.86 | +5.1% | $15.59B | $15.78B | +1.2% | −2.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.34B | $15.42B | $15.78B | $16.62B | $15.00B | $16.99B | |
| Gross profit | $9.34B | $11.08B | $10.47B | $12.07B | $10.78B | $12.70B | |
| Operating income | $3.73B | $4.89B | $1.90B | $5.81B | $4.73B | $6.43B | |
| Net income | $1.29B | $938.0M | $186.0M | $1.82B | $699.0M | $3.61B | |
| Diluted EPS | $0.72 | $0.53 | $0.10 | $1.02 | $0.39 | $2.04 | |
| Gross margin | 70.0% | 71.8% | 66.4% | 72.6% | 71.9% | 74.7% | |
| Operating margin | 28.0% | 31.7% | 12.1% | 35.0% | 31.6% | 37.9% |
Fiscal years (4-quarter sums)FY21 $56.20B · FY22 $58.05B · FY23 $54.32B · FY24 $56.33B · FY25 $61.16B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.57B · Total debt $70.82B · Total assets $135.13B · Shareholders' equity −$5.94B
Dividends
Raised for 12 straight years — most recently to $1.73 from $1.64 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Aug 14 | $1.73 | |
| Apr 15, 2026 | Apr 15 | May 15 | $1.73 | |
| Jan 16, 2026 | Jan 16 | Feb 17 | $1.73 | raised from $1.64 |
| Oct 15, 2025 | Oct 15 | Nov 14 | $1.64 | |
| Jul 15, 2025 | Jul 15 | Aug 15 | $1.64 | |
| Apr 15, 2025 | Apr 15 | May 15 | $1.64 | |
| Jan 15, 2025 | Jan 15 | Feb 14 | $1.64 | raised from $1.55 |
| Oct 15, 2024 | Oct 15 | Nov 15 | $1.55 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.77B · Float 1.76B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 149.49M | 8.46% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 115.40M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 82.60M | 4.67% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 48.48M | 2.74% | 13F | Aug 13, 2026 |
| JPMorgan Chase & Co | 47.86M | 2.71% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Nicholas Donoghoe | officer: EVP, CHIEF BUS/STRAT OFFICER | −32,710 | $250.00 |
| Mar 4, 2026 | David Ryan Purdue | officer: SVP, Controller | −5,230 | $233.56 |
| Mar 2, 2026 | Perry C. Siatis | officer: EVP, GC AND SECRETARY | −18,668 | $234.39 |
| Feb 25, 2026 | Perry C. Siatis | officer: EVP, GC AND SECRETARY | −22,381 | $230.00 |
Peers
- Sanofi (ADR)
Dupixent is the world's #1 immunology drug and Skyrizi / Rinvoq's primary rival.
- Johnson & Johnson
Widest immunology-oncology overlap across every AbbVie growth franchise.
- AstraZeneca (ADR)
Calquence takes CLL share from Imbruvica with a cleaner cardiac safety profile.
- Novartis (ADR)
Cosentyx contests Skyrizi in psoriasis and PsA via IL-17A vs IL-23.
- Merck
Keytruda's .5B oncology scale overlaps AbbVie's hematology assets.
- Eli Lilly
Olumiant vs Rinvoq in JAK; Emgality rivals Botox Therapeutic in migraine.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AbbVie | $255.80 | +0.13% | $451.38B | 72.0 | 16.8 | 7.0 | +10.2% |
| Sanofi (ADR) | $44.83 | +0.02% | $107.62B | 78.9 | — | 1.9 | +11.2% |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| Novartis (ADR) | $153.81 | 0.00% | $292.35B | 23.2 | 16.4 | 5.3 | +0.9% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Eli Lilly | $1,173.00 | −0.08% | $1.10T | 39.4 | 28.7 | 13.9 | +47.7% |
| Median | 35.2 | 17.2 | 5.4 | +6.5% |








