Abbvie Inc FY 2023 Earnings Analysis
Revenue declined 6.4% year over year. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.
Revenue trend
Revenue trend remains stable.
Margin and earnings quality
Profitability was broadly stable.
What matters next
Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.
Revenue & YoY Growth
AnnualRevenue trend and year-over-year growth across recent reported annual periods.
Net Income & Net Margin
AnnualNet income and net margin trend over recent reported annual periods.
Revenue Analysis
Abbvie Inc reported $54.3B in revenue for FY 2023, down 6.4% YoY. The year-over-year decline indicates ongoing pressure on topline performance.
Profitability Analysis
Net income came in at $4.9B, down 58.9% YoY. Net margin was 9%. Sequential margin deterioration suggests profitability remains under pressure.
Frequently Asked Questions
Quick factual answers for this report. Need the why behind them? Ask the report assistant.
What was Abbvie Inc's revenue in FY 2023?
Abbvie Inc reported revenue of $54.3B in FY 2023.
What was Abbvie Inc's net income in FY 2023?
Abbvie Inc reported net income of $4.9B in FY 2023.
How did Abbvie Inc's revenue change year over year?
Abbvie Inc's revenue decreased by 6.4% year over year in FY 2023.
What was Abbvie Inc's net margin in FY 2023?
Abbvie Inc's net margin was 9% in FY 2023.
Compare this fiscal year with the previous annual earnings report.
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Data Source & Methodology
Financial data is sourced from company filings and internal processed earnings data.
YoY and QoQ values are derived from reported quarterly figures when not directly available.
This page is for informational purposes only and does not constitute investment advice.
