Stock Analysis on Net

AbbVie Inc. (NYSE:ABBV)

$24.99

Analysis of Revenues

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Revenues as Reported

AbbVie Inc., income statement, revenues

US$ in millions

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12 months ended: Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Pharmaceutical products
Net revenues

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).


The financial performance related to pharmaceutical products and net revenues exhibits a fluctuating pattern over the five-year period. Initial growth is followed by a decline and subsequent recovery, culminating in a projected increase in the final year.

Overall Revenue Trend
Net revenues began at US$56,197 million in 2021, increasing to US$58,054 million in 2022, representing a growth of approximately 3.3%. A subsequent decrease was observed in 2023, with revenues falling to US$54,318 million. Revenues then partially recovered in 2024, reaching US$56,334 million, before increasing to a projected US$61,160 million in 2025.
Pharmaceutical Product Revenue
Revenues from pharmaceutical products mirrored the trend of net revenues. Starting at US$56,197 million in 2021, they rose to US$58,054 million in 2022. A decline followed in 2023, with revenues decreasing to US$54,318 million. A partial recovery occurred in 2024, reaching US$56,334 million, and a further increase is projected to US$61,160 million in 2025.
Year-over-Year Changes
The largest year-over-year increase occurred between 2024 and 2025, with a projected growth of approximately 8.5%. The most significant decline was observed between 2022 and 2023, with a decrease of approximately 6.5%. The increase from 2021 to 2022 was approximately 3.3%, and the increase from 2023 to 2024 was approximately 3.7%.

The consistency between pharmaceutical product revenues and net revenues suggests that pharmaceutical products represent the primary, if not sole, source of revenue during this period. The projected increase in 2025 indicates a potential positive shift in revenue generation.