This statistic was assembled from several editions of Novartis' annual report.
* With the 2015 Annual Report, values back to 2011 were restated, as a result of a series of transactions during 2015.
** Calculated based on given figures.
*** Calculated based on given figures. During this year, eye care division Alcon was spun off and became an own company. Thus, Alcon's revenues and expenses are not included from this year onwards.
**** Calculated based on given figures. During this year, generics division Sandoz was spun off and became an own company, leading to a higher R&D percentage.
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Novartis' R&D expenditure as a percent of revenue 2004-2025
In 2025, research and development expenditure accounted for about **** of Novartis' total revenue. The highest percentage was recorded in 2023, which was driven by the spin-off of Novartis' generics division Sandoz.
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Novartis. (February 3, 2026). Novartis AG's R&D expenditure as a percent of revenue from 2004 to 2025 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/
Novartis. "Novartis AG's R&D expenditure as a percent of revenue from 2004 to 2025." Chart. February 3, 2026. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/
Novartis. (2026). Novartis AG's R&D expenditure as a percent of revenue from 2004 to 2025. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/
Novartis. "Novartis Ag's R&d Expenditure as a Percent of Revenue from 2004 to 2025." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Feb 2026, /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/
Novartis, Novartis AG's R&D expenditure as a percent of revenue from 2004 to 2025 ÌÇÐÄÆƽâ°æ, /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/ (last visited August 04, 2026)
Novartis AG's R&D expenditure as a percent of revenue from 2004 to 2025 [Graph], Novartis, February 3, 2026. [Online]. Available: /statistics/265847/novartis-rundd-expenditure-as-a-percent-of-revenue-since-2004/
