ABBV Chart
About

AbbVie Inc., a research-based biopharmaceutical company, engages in the research and development, manufacturing, commercializing, and sale of medicines and therapies worldwide. The company offers Skyrizi to treat autoimmune diseases; Rinvoq to treat inflammatory diseases; Imbruvica for the treatment of adult patients with blood cancers; Venclexta to treat blood cancers; Elahere to treat various cancer; and Epkinly to treat lymphoma; and Emrelis for the treatment of lung cancer. It also provides facial injectables, plastics and regenerative medicine, body contouring, and skincare products; botox Cosmetic for the treatment of glabellar lines, crow's feet, forehead lines, and platysma bands; Juvederm Collection to treat volume loss in the temples, undereye, cheeks, chin, lips and lower face; Vraylar to treat schizophrenia, bipolar disorder, and depressive disorder; Duodopa to treat Parkinson's disease; Ubrelvy to treat migraine; Qulipta for episodic and chronic migraine; and Vyalev for the treatment of motor fluctuations, as well as Botox Therapeutic to treat chronic migraine, overactive bladder, spasticity, cervical dystonia, and other conditions. In addition, the company offers Ozurdex for visual impairment; Lumigan/Ganfort and Alphagan/Combigan for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension; and other eye care products, including Refresh/Optive, Xen, Durysta, and Restasis. Further, it provides Mavyret to treat chronic hepatitis C virus genotype 1-6 infection; Creon, a pancreatic enzyme therapy; and Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Gen Market Cap 409.26B
Enterprise Value 467.11B Income 4.19B Sales 61.16B
Book/sh -1.85 Cash/sh 2.97 Dividend Yield 295.00%
Payout 277.97% Employees 57000 IPO —
P/E 98.54 Forward P/E 14.41 PEG —
P/S 6.69 P/B -125.17 P/C —
EV/EBITDA 15.97 EV/Sales 7.64 Quick Ratio 0.41
Current Ratio 0.67 Debt/Eq — LT Debt/Eq —
EPS (ttm) 2.35 EPS next Y 16.07 EPS Growth —
Revenue Growth 10.00% Earnings 2026-05-01 ROA 9.81%
ROE 62.25% ROIC — Gross Margin 71.62%
Oper. Margin 34.11% Profit Margin 6.91% Shs Outstand 1.77B
Shs Float 1.77B Short Float 1.11% Short Ratio 2.86
Short Interest — 52W High 244.81 52W Low 164.39
Beta 0.33 Avg Volume 6.54M Volume 675.56K
Target Price $248.29 Recom Buy Prev Close $228.51
Price $231.56 Change 1.33%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$248.29
Mean price target
2. Current target
$231.56
Latest analyst target
3. DCF / Fair value
$186.76
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$231.56
Low
$184.00
High
$299.00
Mean
$248.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 init Barclays — → Overweight $275
2026-02-18 main Piper Sandler Overweight → Overweight $299
2026-02-05 main UBS Neutral → Neutral $230
2026-02-05 main Evercore ISI Group Outperform → Outperform $228
2026-02-05 main Morgan Stanley Overweight → Overweight $270
2026-01-27 main Citigroup Neutral → Neutral $230
2026-01-08 down Wolfe Research Outperform → Peer Perform —
2025-12-12 main Morgan Stanley Overweight → Overweight $269
2025-12-10 up HSBC Hold → Buy $265
2025-11-07 main UBS Neutral → Neutral $220
2025-11-05 reit Piper Sandler Overweight → Overweight $289
2025-11-03 main Citigroup Neutral → Neutral $235
2025-11-03 main JP Morgan Overweight → Overweight $260
2025-10-20 main Guggenheim Buy → Buy $242
2025-10-17 reit Raymond James Outperform → Outperform $250
2025-10-10 main Piper Sandler Overweight → Overweight $284
2025-10-09 main Cantor Fitzgerald Overweight → Overweight $250
2025-10-03 main B of A Securities Neutral → Neutral $251
2025-10-01 down HSBC Buy → Hold —
2025-09-22 main Evercore ISI Group Outperform → Outperform $222
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 36811 — — Stock Award(Grant) at price 0.00 per share. SALEKI-GERHARDT AZITA Chief Operating Officer — 2026-02-18 00:00:00 D
1 82439 — — Stock Award(Grant) at price 0.00 per share. MICHAEL ROBERT A. Chief Executive Officer — 2026-02-18 00:00:00 D
2 53749 — — Stock Award(Grant) at price 0.00 per share. STEWART JEFFREY RYAN Officer — 2026-02-18 00:00:00 D
3 29057 — — Stock Award(Grant) at price 0.00 per share. DONOGHOE NICHOLAS Officer — 2026-02-18 00:00:00 D
4 48838 — — Stock Award(Grant) at price 0.00 per share. REENTS SCOTT T. Chief Financial Officer — 2026-02-18 00:00:00 D
5 33518 — — Stock Award(Grant) at price 0.00 per share. SIATIS PERRY C. General Counsel — 2026-02-18 00:00:00 D
6 18137 — — Stock Award(Grant) at price 0.00 per share. THAKKAR ROOPAL Officer — 2026-02-18 00:00:00 D
7 6071 — — Stock Award(Grant) at price 0.00 per share. PURDUE DAVID R. Officer — 2026-02-18 00:00:00 D
8 2460 — — Stock Award(Grant) at price 0.00 per share. CRUM DEMETRIS D Officer — 2026-02-18 00:00:00 D
9 42370 8407055 — Sale at price 198.42 per share. SALEKI-GERHARDT AZITA Chief Operating Officer — 2025-08-12 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-583.38M-203.28M-102.25M-5.66M
TaxRateForCalcs0.210.220.120.11
NormalizedEBITDA17.69B18.10B25.02B23.98B
TotalUnusualItems-2.78B-924.00M-845.00M-51.00M
TotalUnusualItemsExcludingGoodwill-2.78B-924.00M-845.00M-51.00M
NetIncomeFromContinuingOperationNetMinorityInterest4.28B4.86B11.84B11.54B
ReconciledDepreciation8.39B8.70B8.47B8.52B
ReconciledCostOfRevenue16.90B20.41B17.41B17.45B
EBITDA14.91B17.17B24.17B23.93B
EBIT6.52B8.47B15.71B15.41B
NetInterestIncome-2.16B-1.68B-2.04B-2.38B
InterestExpense2.81B2.22B2.23B2.42B
InterestIncome648.00M540.00M186.00M39.00M
NormalizedIncome6.47B5.58B12.58B11.59B
NetIncomeFromContinuingAndDiscontinuedOperation4.28B4.86B11.84B11.54B
TotalExpenses44.44B40.78B39.24B38.27B
TotalOperatingIncomeAsReported9.14B12.76B18.12B17.92B
DilutedAverageShares1.77B1.77B1.77B1.78B
BasicAverageShares1.77B1.77B1.77B1.77B
DilutedEPS2.362.392.726.63
BasicEPS2.392.422.756.69
DilutedNIAvailtoComStockholders4.24B4.82B11.78B11.47B
NetIncomeCommonStockholders4.24B4.82B11.78B11.47B
OtherunderPreferredStockDividend40.00M43.00M54.00M74.00M
NetIncome4.28B4.86B11.84B11.54B
MinorityInterests-8.00M-10.00M-9.00M-7.00M
NetIncomeIncludingNoncontrollingInterests4.29B4.87B11.85B11.55B
NetIncomeContinuousOperations4.29B4.87B11.85B11.55B
TaxProvision-570.00M1.38B1.63B1.44B
PretaxIncome3.72B6.25B13.48B12.99B
OtherIncomeExpense-6.02B-5.60B-3.29B-2.55B
OtherNonOperatingIncomeExpenses-3.24B-4.68B-2.45B-2.50B
SpecialIncomeCharges-2.76B-778.00M-697.00M-1.12B
OtherSpecialCharges2.76B778.00M697.00M1.12B
GainOnSaleOfSecurity-21.00M-146.00M-148.00M-51.00M
NetNonOperatingInterestIncomeExpense-2.16B-1.68B-2.04B-2.38B
InterestExpenseNonOperating2.81B2.22B2.23B2.42B
InterestIncomeNonOperating648.00M540.00M186.00M39.00M
OperatingIncome11.89B13.54B18.81B17.92B
OperatingExpense27.54B20.37B21.83B20.83B
OtherOperatingExpenses-7.00M-179.00M56.00M432.00M
ResearchAndDevelopment12.79B7.67B6.51B8.05B
SellingGeneralAndAdministration14.75B12.87B15.26B12.35B
GrossProfit39.43B33.90B40.64B38.75B
CostOfRevenue16.90B20.41B17.41B17.45B
TotalRevenue56.33B54.32B58.05B56.20B
OperatingRevenue56.33B54.32B58.05B56.20B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber66.34M57.11M44.59M34.86M
OrdinarySharesNumber1.77B1.77B1.77B1.77B
ShareIssued1.83B1.82B1.81B1.80B
NetDebt61.62B46.57B54.07B66.94B
TotalDebt67.14B59.38B63.27B76.68B
TangibleBookValue-91.70B-77.54B-82.34B-92.92B
InvestedCapital70.47B69.75B80.53B92.09B
WorkingCapital-13.17B-4.84B-1.07B-7.27B
NetTangibleAssets-91.70B-77.54B-82.34B-92.92B
CommonStockEquity3.33B10.36B17.25B15.41B
TotalCapitalization63.66B62.55B76.39B79.60B
TotalEquityGrossMinorityInterest3.36B10.40B17.29B15.44B
MinorityInterest39.00M37.00M33.00M28.00M
StockholdersEquity3.33B10.36B17.25B15.41B
GainsLossesNotAffectingRetainedEarnings-1.93B-2.31B-2.20B-2.90B
OtherEquityAdjustments-1.93B-2.31B-2.20B-2.90B
TreasuryStock8.20B6.53B4.59B3.14B
RetainedEarnings-7.90B-1.00B4.78B3.13B
AdditionalPaidInCapital21.33B20.18B19.25B18.30B
CapitalStock18.00M18.00M18.00M18.00M
CommonStock18.00M18.00M18.00M18.00M
TotalLiabilitiesNetMinorityInterest131.80B124.31B121.52B131.09B
TotalNonCurrentLiabilitiesNetMinorityInterest93.05B86.47B91.98B95.90B
OtherNonCurrentLiabilities27.63B28.61B26.03B22.11B
EmployeeBenefits1.23B1.54B1.64B3.15B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.23B1.54B1.64B3.15B
TradeandOtherPayablesNonCurrent1.26B2.18B2.98B3.44B
NonCurrentDeferredLiabilities2.58B1.95B2.19B3.01B
NonCurrentDeferredTaxesLiabilities2.58B1.95B2.19B3.01B
LongTermDebtAndCapitalLeaseObligation60.34B52.19B59.13B64.19B
LongTermDebt60.34B52.19B59.13B64.19B
CurrentLiabilities38.75B37.84B29.54B35.19B
CurrentDeferredLiabilities14.30B13.63B10.72B8.25B
CurrentDeferredRevenue14.30B13.63B10.72B8.25B
CurrentDebtAndCapitalLeaseObligation6.80B7.19B4.14B12.49B
CurrentDebt6.80B7.19B4.14B12.49B
PayablesAndAccruedExpenses17.64B17.02B14.69B14.45B
CurrentAccruedExpenses11.76B10.55B9.07B9.02B
Payables5.88B6.47B5.61B5.42B
DividendsPayable2.94B2.78B2.68B2.54B
AccountsPayable2.94B3.69B2.93B2.88B
TotalAssets135.16B134.71B138.81B146.53B
TotalNonCurrentAssets109.58B101.71B110.34B118.60B
OtherNonCurrentAssets9.14B8.51B5.57B4.88B
InvestmentsAndAdvances279.00M304.00M241.00M277.00M
GoodwillAndOtherIntangibleAssets95.02B87.90B99.59B108.33B
OtherIntangibleAssets60.07B55.61B67.44B75.95B
Goodwill34.96B32.29B32.16B32.38B
NetPPE5.13B4.99B4.93B5.11B
AccumulatedDepreciation-7.13B-6.65B-6.05B-5.62B
GrossPPE12.27B11.63B10.99B10.73B
ConstructionInProgress1.09B1.07B856.00M799.00M
OtherProperties8.00B7.45B
MachineryFurnitureEquipment8.00B7.45B7.11B6.85B
BuildingsAndImprovements2.90B2.83B2.74B2.79B
LandAndImprovements284.00M286.00M286.00M287.00M
Properties0.000.000.000.00
CurrentAssets25.58B33.00B28.46B27.93B
OtherCurrentAssets4.93B4.93B4.40B4.99B
PrepaidAssets4.99B
Inventory4.18B4.10B3.58B3.13B
FinishedGoods1.17B1.36B1.16B932.00M
WorkInProcess1.95B1.64B1.42B1.19B
RawMaterials1.06B1.10B1.00B1.00B
Receivables10.92B11.15B11.25B9.98B
AccountsReceivable10.92B11.15B11.25B9.98B
CashCashEquivalentsAndShortTermInvestments5.55B12.82B9.23B9.83B
OtherShortTermInvestments31.00M2.00M28.00M84.00M
CashAndCashEquivalents5.52B12.81B9.20B9.75B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow17.83B22.06B24.25B21.99B
RepurchaseOfCapitalStock-1.71B-1.97B-1.49B-934.00M
RepaymentOfDebt-14.62B-4.15B-14.43B-9.41B
IssuanceOfDebt21.97B0.002.00B1.00B
CapitalExpenditure-974.00M-777.00M-695.00M-787.00M
InterestPaidSupplementalData2.81B2.47B2.55B2.71B
IncomeTaxPaidSupplementalData4.06B4.70B2.99B3.65B
EndCashPosition5.52B12.81B9.20B9.75B
BeginningCashPosition12.81B9.20B9.75B8.45B
EffectOfExchangeRateChanges-65.00M5.00M-62.00M-97.00M
ChangesInCash-7.22B3.61B-483.00M1.39B
FinancingCashFlow-5.21B-17.22B-24.80B-19.04B
CashFlowFromContinuingFinancingActivities-5.21B-17.22B-24.80B-19.04B
NetOtherFinancingCharges-42.00M-742.00M-1.10B-674.00M
ProceedsFromStockOptionExercised214.00M180.00M262.00M244.00M
CashDividendsPaid-11.03B-10.54B-10.04B-9.26B
CommonStockDividendPaid-11.03B-10.54B-10.04B-9.26B
NetCommonStockIssuance-1.71B-1.97B-1.49B-934.00M
CommonStockPayments-1.71B-1.97B-1.49B-934.00M
NetIssuancePaymentsOfDebt7.35B-4.15B-12.43B-8.41B
NetShortTermDebtIssuance0.000.000.000.00
ShortTermDebtPayments-5.01B0.000.000.00
ShortTermDebtIssuance5.01B0.000.00
NetLongTermDebtIssuance7.35B-4.15B-12.43B-8.41B
LongTermDebtPayments-9.61B-4.15B-14.43B-9.41B
LongTermDebtIssuance16.96B0.002.00B1.00B
InvestingCashFlow-20.82B-2.01B-623.00M-2.34B
CashFlowFromContinuingInvestingActivities-20.82B-2.01B-623.00M-2.34B
NetOtherInvestingChanges189.00M13.00M774.00M366.00M
NetInvestmentPurchaseAndSale482.00M-22.00M92.00M-21.00M
SaleOfInvestment555.00M55.00M1.53B98.00M
PurchaseOfInvestment-73.00M-77.00M-1.44B-119.00M
NetBusinessPurchaseAndSale-20.52B-1.22B-794.00M-1.90B
PurchaseOfBusiness-20.52B-1.22B-794.00M-1.90B
NetPPEPurchaseAndSale-974.00M-777.00M-695.00M-787.00M
PurchaseOfPPE-974.00M-777.00M-695.00M-787.00M
OperatingCashFlow18.81B22.84B24.94B22.78B
CashFlowFromContinuingOperatingActivities18.81B22.84B24.94B22.78B
ChangeInWorkingCapital-2.78B2.81B-94.00M-1.23B
ChangeInOtherWorkingCapital-3.21B-488.00M542.00M-1.29B
ChangeInPayablesAndAccruedExpense177.00M3.84B1.77B1.72B
ChangeInPayable177.00M3.84B1.77B1.72B
ChangeInAccountPayable177.00M3.84B1.77B1.72B
ChangeInPrepaidAssets361.00M-188.00M-264.00M-197.00M
ChangeInInventory-319.00M-417.00M-686.00M-142.00M
ChangeInReceivables207.00M66.00M-1.46B-1.32B
ChangesInAccountReceivables207.00M66.00M-1.46B-1.32B
OtherNonCashItems4.47B4.81B3.14B4.00B
StockBasedCompensation911.00M747.00M671.00M692.00M
ProvisionandWriteOffofAssets508.00M-443.00M2.24B163.00M
AssetImpairmentCharge4.48B4.23B770.00M50.00M
DeferredTax-1.45B-2.89B-1.93B-898.00M
DeferredIncomeTax-1.45B-2.89B-1.93B-898.00M
DepreciationAmortizationDepletion8.39B8.70B8.47B8.52B
DepreciationAndAmortization8.39B8.70B8.47B8.52B
AmortizationCashFlow7.62B7.95B7.69B7.72B
AmortizationOfIntangibles7.62B7.95B7.69B7.72B
Depreciation764.00M752.00M778.00M803.00M
OperatingGainsLosses-172.00M-68.00M
GainLossOnSaleOfBusiness0.000.00-172.00M-68.00M
NetIncomeFromContinuingOperations4.29B4.87B11.85B11.55B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ABBV
Date User Asset Broker Type Position Size Entry Price Patterns