Stock Analysis on Net

Abbott Laboratories (NYSE:ABT)

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Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Abbott Laboratories, income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Established Pharmaceutical Products
Nutritional Products
Diagnostic Products
Medical Devices
Reportable segments
Other
Net sales to external customers

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).


Overall, net sales to external customers fluctuated over the five-year period, exhibiting an initial increase followed by a decline and subsequent recovery. A segment-level analysis reveals varying performance patterns across the company’s key business areas.

Established Pharmaceutical Products
This segment demonstrated consistent growth throughout the period, increasing from US$4,718 million in 2021 to US$5,536 million in 2025. This represents a cumulative increase of approximately 17.4% over the five years, indicating a stable and expanding revenue stream.
Nutritional Products
Nutritional Products experienced a decrease in revenue from US$8,294 million in 2021 to US$7,459 million in 2022. However, the segment rebounded, reaching US$8,451 million in 2025. While there was initial volatility, the segment ultimately surpassed its 2021 revenue level, showing a cumulative increase of approximately 2.0% over the period.
Diagnostic Products
Diagnostic Products exhibited a significant decline in revenue, decreasing from US$15,644 million in 2021 to US$8,937 million in 2025. This represents a substantial decrease of approximately 42.7% over the five-year period. The decline was particularly pronounced between 2022 and 2023.
Medical Devices
Medical Devices showed a consistent upward trend, increasing from US$14,367 million in 2021 to US$21,387 million in 2025. This represents a cumulative increase of approximately 48.8% over the five years, making it the fastest-growing segment. The growth accelerated in the later years of the period.
Reportable Segments & Other
The combined revenue from reportable segments mirrored the trend in net sales to external customers, with fluctuations observed throughout the period. The ‘Other’ category remained relatively stable, contributing a small and consistently minor portion of overall revenue, increasing from US$52 million to US$17 million.

The composition of revenue shifted considerably over the period. While Diagnostic Products represented a significant portion of revenue in 2021, its contribution diminished substantially by 2025. Conversely, Medical Devices increased its relative importance, becoming the largest revenue-generating segment by 2025. Established Pharmaceutical Products maintained a consistent contribution, while Nutritional Products showed a recovery after an initial decline.