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AbbVie (ABBV) Q2 FY2026 earnings: revenue $17.0 billion, up 10.2% on the year

AbbVie Inc. (ABBV) reported revenue of $17.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.2% on the same quarter a year earlier. Net income was $3.6 billion, up 285.2% on the year, and diluted earnings per share $2.03. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue
$17.0 billion
+10.2% on the year · +13.3% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
37.9%
31.7% a year earlier
Q3 FY2024Q2 FY2026
Net income
$3.6 billion
+285.2% on the year · +419.9% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$2.03
+290.4% on the year · +420.5% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 new, 1 kept.

  • Revenue rose 10.2 percent: Worldwide net revenues were $16.990 billion, up from $15.423 billion a year earlier: 10.2 percent reported and 9.5 percent operational.
  • Adjusted EPS rose 22.9 percent: Adjusted diluted EPS was $3.65, against $2.97. GAAP diluted EPS was $2.03, against $0.52. Both include $0.17 per share of acquired IPR&D and milestones expense.
  • Skyrizi revenue grew 24 percent: Skyrizi net revenues were $5.505 billion, up 24.4 percent reported and 24.0 percent operational.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Revenue16,99015,00215,423+13.3%+10.2%
Cost of revenue4,2914,2184,346+1.7%-1.3%
Gross profit12,69910,78411,077+17.8%+14.6%
Gross margin74.7%71.9%71.8%
Research and development2,3442,4722,131-5.2%+10.0%
Selling, general and administrative3,6323,5783,253+1.5%+11.7%
Operating income6,4323,9904,894+61.2%+31.4%
Operating margin37.9%26.6%31.7%
Interest expense746717740+4.0%+0.8%
Pre-tax income4,2781,0391,554+311.7%+175.3%
Income tax662342613+93.6%+8.0%
Effective tax rate15.5%32.9%39.4%
Net income3,613695938+419.9%+285.2%
Net margin21.3%4.6%6.1%
Diluted EPS$2.03$0.39$0.52+420.5%+290.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow3,4363,8295,153-10.3%-33.3%
Capital expenditure322265269+21.5%+19.7%
Free cash flow3,1143,5644,884-12.6%-36.2%
Free cash flow margin18.3%23.8%31.7%
Cash from investing-1,197-574-1,181
Cash from financing-5,054919-2,710
Depreciation and amortisation1,8941,9362,086-2.2%-9.2%
Share-based compensation166444179-62.6%-7.3%
Buybacks9.01,48912.0-99.4%-25.0%
Dividends paid3,0703,0862,910-0.5%+5.5%
Dividend per share$1.73$1.73$1.640.0%+5.5%
Diluted shares, weighted1,771m1,774m1,771m-0.2%0.0%
Shares outstanding at period end1,767m1,767m1,767m+0.0%+0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity-5,935-6,656-183
Non-controlling interest47.044.045.0+6.8%+4.4%
Debt70,82272,85870,481-2.8%+0.5%
Other liabilities70,18170,21766,839-0.1%+5.0%
Total liabilities and equity135,115136,463137,182-1.0%-1.5%
Fixed assets5,7965,6875,283+1.9%+9.7%
Goodwill35,51935,57035,638-0.1%-0.3%
Intangible assets49,13950,87357,031-3.4%-13.8%
Investments266268310-0.7%-14.2%
Cash and equivalents6,5699,3916,467-30.1%+1.6%
Receivables13,82412,47912,637+10.8%+9.4%
Inventory5,1275,0494,960+1.5%+3.4%
Other assets18,87517,14614,856+10.1%+27.1%
Total assets135,115136,463137,182-1.0%-1.5%

Questions

What was AbbVie's revenue in Q2 FY2026?

AbbVie (ABBV) reported revenue of $17.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.2% on the same quarter a year earlier.

How much did AbbVie earn in Q2 FY2026?

Net income for Q2 FY2026 was $3.6 billion, up 285.2% on the year, and diluted earnings per share $2.03.

When did AbbVie report Q2 FY2026 results?

AbbVie filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 3 August 2026.

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue14,88613,53814,58314,81215,12112,22513,86513,92714,30112,31014,46214,46015,10213,34315,42315,77616,61815,00216,99017,404
Cost of revenue4,3204,0524,1705,0224,1703,9864,2406,4855,7044,0944,2024,2124,3964,0024,3465,3044,5524,2184,2914,285
Gross profit10,5669,48610,4139,79010,9518,2399,6257,4428,5978,21610,26010,24810,7069,34111,07710,47212,06610,78412,69913,119
Gross margin71%70%71%66%72%67%69%53%60%67%71%71%71%70%72%66%73%72%75%75%
R&D1,8271,4971,6091,6141,7902,2921,7331,7231,9271,9391,9482,1306,7742,0672,1312,3192,5792,4722,3442,567
SG&A3,2603,1275,4123,3043,4173,0393,2683,3723,1933,3153,3774,2053,8553,2933,2533,5693,8953,5783,6324,087
Operating income5,0744,7173,2954,6035,5022,7684,5132,2813,1952,7983,9983,831-1,4903,7334,8941,9044,5443,9906,4326,267
Operating margin34%35%23%31%36%23%33%16%22%23%28%26%-10%28%32%12%27%27%38%36%
Interest expense580548556560566553552555564660726720702700740739714717746802
Pre-tax income4,2714,9291,1834,4002,9654752,6101,9531,2121,7552,1462,084-2,2691,6611,5547142,6681,0394,2784,829
Tax rate5%9%22%10%17%49%22%9%32%22%36%25%n/a22%39%74%32%33%15%13%
Net income4,0444,4909243,9492,4732392,0241,7788221,3691,3701,561-22.01,2869381861,8166953,6134,218
Net margin27%33%6%27%16%2%15%13%6%11%9%11%-0%10%6%1%11%5%21%24%
Diluted EPS$2.26$2.51$0.51$2.21$1.38$0.13$1.14$1.00$0.46$0.77$0.77$0.88-$0.02$0.72$0.52$0.10$1.02$0.39$2.03$2.37
Operating cash flow5,0754,9085,0057,6027,4284,1936,3197,5744,7534,0402,2715,4477,0481,6355,1537,0245,2183,8293,4367,606
Capital expenditure187162143177213175178219205193241249291235269381329265322301
Free cash flow4,8884,7464,8627,4257,2154,0186,1417,3554,5483,8472,0305,1986,7571,4004,8846,6434,8893,5643,1147,305
Buybacks1311,4709.04.04.01,95510.04.03.01,3249.017.035896112.04.03.01,4899.05.0
Dividends paid2,3142,5262,5072,5042,5062,6612,6252,6272,6262,7722,7502,7512,7522,9252,9102,9112,9113,0863,0703,071
Shares outstanding1,769m1,767m1,768m1,768m1,769m1,764m1,765m1,766m1,766m1,766m1,766m1,767m1,765m1,766m1,767m1,767m1,768m1,767m1,767m1,768m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 3 August 2026: the filing.