NYSE$ABBV

AbbVie Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

AbbVie reported Q4 2025 revenue of $16.6B and adjusted diluted EPS of $2.71.

Fourth-quarter net revenues grew 10% to $16.6 billion. GAAP diluted EPS was $1.02; adjusted diluted EPS was $2.71 after IPR&D charges. Immunology sales led by Skyrizi and Rinvoq; 2026 adjusted EPS guidance is $14.37–14.57.

  • Q4 revenue $16.6B (+10% reported).
  • Skyrizi $5.0B (+32.5%); Rinvoq $2.4B (+29.5%).
  • Adjusted Q4 EPS $2.71.
  • 2026 adjusted EPS guide $14.37–$14.57.

Headline financials

Total Revenue

$16.6B

Previous: $15.1B+10.0%
EPS (adj)

$2.71

Previous: $2.16+25.5%
Gross Margin

72.6%

No prior period
Adj. Gross Margin

83.6%

No prior period
SG&A Expense

23.4%

No prior period
Adj. SG&A Expense

22.3%

No prior period
R&D Expense

15.5%

No prior period
Acquired IPR&D Expense

7.6%

No prior period
Operating Margin

27.3%

No prior period
Adj. Operating Margin

38.3%

No prior period
Net Interest Expense

$655M

Previous: $610M+7.4%
Tax Rate

32.0%

Previous: 99.0%-67.7%
Adj. Tax Rate

18.3%

Previous: 20.2%-9.4%
Net Income

$1.82B

Previous: -$23M+7995.7%
Operating Income

$4.54B

Previous: -$1.49B+405.0%
Gross Profit

$12.1B

Previous: $12.6B-4.2%

Revenue & EPS history

AbbVie · Revenue · Quarterly

$16.6B

Q4 2025+10%vs Q4 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

AbbVie · $13.1B total across 6 segments · Q3 2023

  • Immunology
    $6.78B-11.3%
  • Neuroscience
    $2.04B
  • Oncology
    $1.51B-8.4%
  • Aesthetics
    $1.24B
  • Other Key Products
    $963M
  • Eye Care
    $605M

Forward guidance

2026 adjusted diluted EPS guidance of $14.37–14.57, excluding acquired IPR&D and milestones.

Tailwinds

  • Skyrizi and Rinvoq immunology growth remain core drivers.
  • Neuroscience portfolio grew high teens in Q4.
  • Full-year revenue exceeded $61 billion (+8.6%).

Headwinds

  • Humira erosion continues.
  • Aesthetics revenue declined on softer demand.
  • Large IPR&D charges weighed on reported EPS.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.9%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+3.7%

Avg return

30 days after

55%

32 / 58 earnings

Positive

+17.2%

Q3 2015

Best reaction

-10.2%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+5.3%+10.3%
Q4 2025-7.1%-1.1%+2.0%
Q3 2025-7.1%-5.0%-0.2%
Q2 2025+1.0%+1.4%+8.5%
Q1 2025+3.2%+8.2%+1.6%
Q4 2024+4.7%+9.2%+19.0%
Q3 2024+7.6%+5.8%-3.4%
Q2 2024+5.1%+6.0%+12.1%
Q1 2024-3.4%-3.3%-6.1%
Q4 2023+2.2%+4.4%+6.8%
Q3 2023-2.3%-1.9%-4.5%
Q2 2023+6.3%+4.7%+3.4%
Q1 2023-6.6%-6.3%-15.0%
Q4 2022+5.1%+5.5%+3.5%
Q3 2022-4.6%-5.9%+4.0%
Q2 2022-6.4%-5.7%-8.9%
Q1 2022-5.4%-3.0%-4.0%
Q4 2021+2.7%+4.0%+9.9%
Q3 2021+4.7%+7.2%+6.2%
Q2 2021-2.9%-3.2%+0.6%
Q1 2021+3.4%+4.4%+2.1%
Q4 2020+4.9%+3.3%+3.1%
Q3 2020+9.4%+17.1%+30.0%
Q2 2020-0.1%-2.9%-1.9%
Q1 2020-0.4%+3.9%+12.7%
Q4 2019+8.7%+12.2%+1.9%
Q3 2019+4.3%+3.2%+10.3%
Q2 2019+0.8%-0.1%-1.0%
Q1 2019+1.3%+0.9%+1.8%
Q4 2018-10.2%-7.9%-6.8%
Q3 2018+3.0%+8.4%+17.5%
Q2 2018-2.7%-0.0%+3.7%
Q1 2018+7.5%+11.1%+10.0%
Q4 2017+12.9%+3.6%+9.6%
Q3 2017+1.6%+3.2%+5.8%
Q2 2017-2.5%-1.4%+1.0%
Q1 2017+1.4%+2.4%+1.6%
Q4 2016-1.4%-0.6%+1.3%
Q3 2016-9.2%-7.6%-1.5%
Q2 2016+3.4%+2.9%-0.2%
Q1 2016+0.5%
Q4 2015-2.6%
Q3 2015+17.2%
Q2 2015-1.7%
Q1 2015+2.4%
Q4 2014-3.8%
Q3 2014+3.4%
Q2 2014-0.6%
Q1 2014+3.1%
Q4 2011-1.9%
Q4 2013-2.0%
Q3 2012-1.5%
Q3 2013+3.1%
Q2 2012-0.0%
Q2 2013+1.9%
Q4 2012-1.5%
Q1 2012-1.5%
Q1 2013+2.2%
Q3 2011
Q2 2011
Q1 2011

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