EI Earnings Insight Lab
Abbvie Inc

Abbvie Inc Q4 2023 Earnings Analysis

Reported on 2024-02-20 / Fiscal Quarter Q4 2023
Revenue Down YoY Sequential Improvement Margin Under Pressure EPS Below Prior Year Weak Quarter
Abbvie Inc faced a challenging Q4 2023, with pressure on both growth and profitability.

Revenue declined 5.4% year over year and rose 2.7% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Summary Charts Key Takeaways Revenue Analysis Profitability FAQ
Revenue
$14.3B
YoY: -5.4229%
QoQ: 2.6854%
Net Income
$822.0M
YoY: -66.761%
QoQ: -53.77%
EPS (Diluted)
$0.46
YoY: -66.91%
Net Margin
5.7%
YoY: -10.61 pts
QoQ: -7.02 pts
Gross Margin
60.1%
Operating Margin
22.3%
Growth

Revenue trend

Revenue remains weak year over year, but sequential improvement suggests near-term stabilization.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Abbvie Inc reported $14.3B in revenue for Q4 2023, down 5.4% YoY and up 2.7% QoQ. The result suggests that although topline pressure remains, quarterly demand may be starting to stabilize.

Revenue Snapshot
Current Quarter $14.3B
Previous Quarter $13.9B
Same Quarter Last Year $15.1B
YoY Change -5.4%
QoQ Change +2.7%

Profitability Analysis

Net income came in at $822.0M, down 66.8% YoY and down 53.8% QoQ. Net margin was 5.7%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $822.0M
EPS $0.46
Net Margin 5.7%
QoQ Margin Change -7 pts

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 Q4 2023?

Abbvie Inc reported revenue of $14.3B in Q4 2023.

What was Abbvie Inc's net income in Q4 2023?

Abbvie Inc reported net income of $822.0M in Q4 2023.

How did Abbvie Inc's revenue change year over year?

Abbvie Inc's revenue decreased by 5.4% year over year in Q4 2023.

What was Abbvie Inc's net margin in Q4 2023?

Abbvie Inc's net margin was 5.7% in Q4 2023.

Related
Abbvie Inc Q3 2023 Earnings

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Abbvie Inc Company Overview

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Related
Abbvie Inc Revenue & Profit Trends

View more quarterly financial trend pages for this company.

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.

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