Novo Nordisk (NVO) Revenue & Revenue Breakdown


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Novo Nordisk Revenue Highlights


Latest Revenue (Y)

$232.26B

Latest Revenue (Q)

$65.35B

Main Geography (Y)

North America

Novo Nordisk Revenue by Period


Novo Nordisk Revenue by Year

DateRevenueChange
2023-12-31$232.26B31.26%
2022-12-31$176.95B25.68%
2021-12-31$140.80B10.91%
2020-12-31$126.95B4.04%
2019-12-31$122.02B9.11%
2018-12-31$111.83B0.12%
2017-12-31$111.70B-0.08%
2016-12-31$111.78B3.57%
2015-12-31$107.93B21.53%
2014-12-31$88.81B6.26%
2013-12-31$83.57B7.11%
2012-12-31$78.03B17.60%
2011-12-31$66.35B9.16%
2010-12-31$60.78B18.99%
2009-12-31$51.08B11.85%
2008-12-31$45.67B9.02%
2007-12-31$41.89B8.09%
2006-12-31$38.75B14.94%
2005-12-31$33.71B15.33%
2004-12-31$29.23B9.85%
2003-12-31$26.61B5.80%
2002-12-31$25.15B6.06%
2001-12-31$23.72B13.94%
2000-12-31$20.82B-0.62%
1999-12-31$20.94B16.94%
1998-12-31$17.91B5.45%
1997-12-31$16.98B13.96%
1996-12-31$14.90B8.68%
1995-12-31$13.71B1.44%
1994-12-31$13.52B2.83%
1993-12-31$13.15B-

Novo Nordisk generated $232.26B in revenue during NA 2023, up 31.26% compared to the previous quarter, and up 207.69% compared to the same period a year ago.

Novo Nordisk Revenue by Quarter

DateRevenueChange
2024-03-31$65.35B-0.78%
2023-12-31$65.86B12.14%
2023-09-30$58.73B8.16%
2023-06-30$54.30B1.75%
2023-03-31$53.37B10.97%
2022-12-31$48.09B5.54%
2022-09-30$45.57B10.42%
2022-06-30$41.27B-1.82%
2022-03-31$42.03B9.65%
2021-12-31$38.33B7.61%
2021-09-30$35.62B7.81%
2021-06-30$33.04B-2.26%
2021-03-31$33.80B5.18%
2020-12-31$32.14B3.92%
2020-09-30$30.93B3.07%
2020-06-30$30.01B-11.42%
2020-03-31$33.88B4.50%
2019-12-31$32.42B7.07%
2019-09-30$30.28B0.80%
2019-06-30$30.04B2.54%
2019-03-31$29.29B-1.48%
2018-12-31$29.73B7.10%
2018-09-30$27.76B1.30%
2018-06-30$27.41B1.77%
2018-03-31$26.93B-3.79%
2017-12-31$27.99B5.18%
2017-09-30$26.61B-7.07%
2017-06-30$28.64B0.65%
2017-03-31$28.45B-3.79%
2016-12-31$29.57B7.39%
2016-09-30$27.54B0.28%
2016-06-30$27.46B0.91%
2016-03-31$27.21B-5.76%
2015-12-31$28.88B7.78%
2015-09-30$26.79B-0.99%
2015-06-30$27.06B7.38%
2015-03-31$25.20B2.50%
2014-12-31$24.59B10.50%
2014-09-30$22.25B2.87%
2014-06-30$21.63B6.32%
2014-03-31$20.34B-6.24%
2013-12-31$21.70B5.79%
2013-09-30$20.51B-4.06%
2013-06-30$21.38B6.99%
2013-03-31$19.98B-4.67%
2012-12-31$20.96B5.63%
2012-09-30$19.84B1.94%
2012-06-30$19.47B9.67%
2012-03-31$17.75B-2.04%
2011-12-31$18.12B9.61%
2011-09-30$16.53B3.32%
2011-06-30$16.00B1.96%
2011-03-31$15.69B-2.67%
2010-12-31$16.12B3.47%
2010-09-30$15.58B1.23%
2010-06-30$15.39B12.58%
2010-03-31$13.67B4.69%
2009-12-31$13.06B4.35%
2009-09-30$12.52B-3.72%
2009-06-30$13.00B4.02%
2009-03-31$12.50B-1.77%
2008-12-31$12.72B13.23%
2008-09-30$11.24B1.11%
2008-06-30$11.11B4.80%
2008-03-31$10.60B-

Novo Nordisk generated $65.35B in revenue during Q1 2024, up -0.78% compared to the previous quarter, and up 135.88% compared to the same period a year ago.

Novo Nordisk Revenue Breakdown


Novo Nordisk Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
Rest of World$28.08B$25.40B$19.81B
North America$136.63B$91.11B$67.26B
EMEA$50.87B$44.24B$37.71B

Novo Nordisk's latest annual revenue breakdown by geography, as of Dec 23: North America (63.38%), EMEA (23.60%), and Rest of World (13.02%).

Novo Nordisk Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
NVONovo Nordisk$232.26B$65.35B
REGNRegeneron Pharmaceuticals$13.12B$3.72B
VRTXVertex Pharmaceuticals$9.84B$2.77B
MRNAModerna$6.85B$1.86B
BNTXBioNTech SE$3.82B$187.60M
BMRNBioMarin Pharmaceutical$2.42B$733.87B
ALNYAlnylam Pharmaceuticals$1.83B$420.15M
SRPTSarepta Therapeutics$1.24B$362.93M
NVAXNovavax$983.71M$415.48M
CRSPCRISPR Therapeutics$370.00M$602.00K
DNAGinkgo Bioworks$251.46M$89.05M
TGTXTG Therapeutics$233.66M$83.88M
CVACCureVac$52.70M$12.37M
NTLAIntellia Therapeutics$36.27M$9.11M
CWBRCohBar--
MDGLMadrigal Pharmaceuticals-$62.17M
TERNTerns Pharmaceuticals--
HEPAHepion Pharmaceuticals--

NVO Revenue FAQ


What is Novo Nordisk’s yearly revenue?

Novo Nordisk's yearly revenue for 2023 was $232.26B, representing an increase of 31.26% compared to 2022. The company's yearly revenue for 2022 was $176.95B, representing an increase of 25.68% compared to 2021. NVO's yearly revenue for 2021 was $140.8B, representing an increase of 10.91% compared to 2020.

What is Novo Nordisk’s quarterly revenue?

Novo Nordisk's quarterly revenue for Q1 2024 was $65.35B, a -0.78% decrease from the previous quarter (Q4 2023), and a 22.45% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $65.86B, a 12.14% increase from the previous quarter (Q3 2023), and a 36.95% increase year-over-year (Q4 2022). NVO's quarterly revenue for Q3 2023 was $58.73B, a 8.16% increase from the previous quarter (Q2 2023), and a 28.89% increase year-over-year (Q3 2022).

What is Novo Nordisk’s revenue growth rate?

Novo Nordisk's revenue growth rate for the last 3 years (2021-2023) was 64.96%, and for the last 5 years (2019-2023) was 90.35%.