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Novartis AG

NVSNYSEPharmaceutical PreparationsFiscal year ends December 31Also trades as NVSEF
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Feb 4, 2026Score 7/30
$160.79−0.31 (-0.19%)

Close on Oct 30, 2026Market cap $306.81BP/E 22.5Yield –

Novartis Revenue Share of Largest Pharmaceutical Distributor by Year

Revenue Share of Largest Pharmaceutical Distributor — Customer #1 (McKesson / Cencora / Cardinal Health) (%)

Novartis Revenue Share of Largest Pharmaceutical Distributor: 18.0% in FY2025, up 1.0 pts from a year earlier.

Latest, FY2025
18.0%
Period ended Dec 31, 2025
Change on a year earlier
+1.0 pts
17.0% in FY2024
History
10 years
Since FY2016
Sources
8
Documents cited below

Where the FY2025 figure comes from

Source: Novartis Form 20-F (0001114448-26-000004) ↗

The 3 largest US pharmaceutical wholesalers accounted for a combined ~38% of Novartis' consolidated global revenue in FY2025.

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedRevenue Share of Largest Pharmaceutical Distributor — Customer #1 (McKesson / Cencora / Cardinal Health) (%)Year on yearSource
FY2025Dec 31, 202518.0%+1.0 ptsNovartis Form 20-F (0001114448-26-000004) ↗
FY2024Dec 31, 202417.0%+2.0 ptsNovartis Form 20-F (0001114448-26-000004) ↗
FY2023Dec 31, 202315.0%-1.0 ptsNovartis Form 20-F (0001114448-26-000004) ↗
FY2022Dec 31, 202216.0%+2.0 ptsNovartis Form 20-F (0001370368-25-000004) ↗
FY2021Dec 31, 202114.0%-3.0 ptsNovartis Form 20-F (0001370368-24-000004) ↗
FY2020Dec 31, 202017.0%-1.0 ptsNovartis Form 20-F/A (0001370368-23-000048) ↗
FY2019Dec 31, 201918.0%0.0 ptsNovartis Form 20-F (0001370368-22-000010) ↗
FY2018Dec 31, 201818.0%-1.0 ptsNovartis Form 20-F (0001370368-21-000006) ↗
FY2017Dec 31, 201719.0%+3.0 ptsNovartis Form 20-F (0001370368-20-000003) ↗
FY2016Dec 31, 201616.0%–Novartis Form 20-F (0001370368-19-000002) ↗

Breakdown

What makes up revenue Share of Largest Pharmaceutical Distributor

Cite this data

StockData. (2026). Novartis Revenue Share of Largest Pharmaceutical Distributor (%), annual FY2016–FY2025 [Data set]. Compiled from Novartis SEC filings and investor materials. https://stockdatahq.com/stocks/nvs/kpis/cust-conc-rev-top1-pct

See every metric in the Novartis KPI table. Data updated Nov 2, 2026.