70/100B285.87
USD
2.43
(0.86%)
Market Open
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 26.42B
Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 26.42B
Johnson & Johnson return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
Johnson & Johnson's return on equity is 19.74%: net income of 16.10B USD over the last twelve months on shareholders' equity of 81.53B USD.
- Today
- 19.74%
- Average, 5 years
- 24.02%
- Low, 5 years
- 17.37%
- High, 5 years
- 32.87%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 16.10B ÷ 81.53B = 19.74%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
Why is Johnson & Johnson's return on equity so high?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
Net margin
28.5%
profit on each dollar of sales
×
Asset turnover
0.47×
sales on each dollar of assets
×
Equity multiplier
2.44×
assets on each dollar of equity
=
Return on equity
32.9%
FY2025
- FY202528.5% × 0.47 × 2.44 = 32.9%
- FY202415.8% × 0.49 × 2.52 = 19.7%
- FY202341.3% × 0.51 × 2.44 = 51.1%
- FY202222.4% × 0.43 × 2.44 = 23.4%
- FY202126.5% × 0.43 × 2.46 = 28.2%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 19.74% | 16.10B | 81.53B | |
| FY2025 | 28 Dec 2025 | 32.87% | 26.80B | 81.54B |
| FY2024 | 29 Dec 2024 | 19.68% | 14.07B | 71.49B |
| FY2023 | 31 Dec 2023 | 19.38% | 13.33B | 68.77B |
| FY2022 | 1 Jan 2023 | 23.36% | 17.94B | 76.80B |
| FY2021 | 2 Jan 2022 | 28.20% | 20.88B | 74.02B |
| FY2020 | 3 Jan 2021 | 23.25% | 14.71B | 63.28B |
| FY2019 | 31 Dec 2019 | 25.42% | 15.12B | 59.47B |
| FY2018 | 31 Dec 2018 | 25.60% | 15.30B | 59.75B |
| FY2017 | 31 Dec 2017 | 2.16% | 1.30B | 60.16B |
| FY2016 | 31 Dec 2016 | 23.49% | 16.54B | 70.42B |
| FY2015 | 31 Dec 2015 | 21.66% | 15.41B | 71.15B |
| FY2014 | 31 Dec 2014 | 23.40% | 16.32B | 69.75B |
| FY2013 | 31 Dec 2013 | 18.68% | 13.83B | 74.05B |
| FY2012 | 31 Dec 2012 | 16.22% | 10.51B | 64.83B |
| FY2011 | 31 Dec 2011 | 16.94% | 9.67B | 57.08B |
| FY2010 | 31 Dec 2010 | 23.57% | 13.33B | 56.58B |
| FY2009 | 31 Dec 2009 | 24.25% | 12.27B | 50.59B |
| FY2008 | 31 Dec 2008 | 30.46% | 12.95B | 42.51B |
| FY2007 | 31 Dec 2007 | 24.41% | 10.58B | 43.32B |
| FY2006 | 31 Dec 2006 | 28.11% | 11.05B | 39.32B |
| FY2005 | 31 Dec 2005 | 26.89% | 10.41B | 38.71B |
| FY2004 | 31 Dec 2004 | 26.75% | 8.51B | 31.81B |
| FY2003 | 31 Dec 2003 | 26.79% | 7.20B | 26.87B |
| FY2002 | 31 Dec 2002 | 29.07% | 6.60B | 22.70B |
| FY2001 | 31 Dec 2001 | 23.39% | 5.67B | 24.23B |
| FY2000 | 31 Dec 2000 | 23.54% | 4.80B | 20.40B |
| FY1999 | 31 Dec 1999 | 25.70% | 4.17B | 16.21B |
| FY1998 | 31 Dec 1998 | 21.73% | 3.06B | 14.08B |
| FY1997 | 31 Dec 1997 | 26.73% | 3.30B | 12.36B |
| FY1996 | 31 Dec 1996 | 26.64% | 2.89B | 10.84B |
| FY1995 | 31 Dec 1995 | 26.57% | 2.40B | 9.05B |
| FY1994 | 31 Dec 1994 | 28.17% | 2.01B | 7.12B |
| FY1993 | 31 Dec 1993 | 32.09% | 1.79B | 5.57B |
| FY1992 | 31 Dec 1992 | 31.43% | 1.63B | 5.17B |
| FY1991 | 31 Dec 1991 | 25.97% | 1.46B | 5.63B |
| FY1990 | 31 Dec 1990 | 23.33% | 1.14B | 4.90B |
| FY1989 | 31 Dec 1989 | 26.08% | 1.08B | 4.15B |
| FY1988 | 31 Dec 1988 | 27.80% | 974.00M | 3.50B |
| FY1987 | 31 Dec 1987 | 23.90% | 833.00M | 3.49B |
| FY1986 | 31 Dec 1986 | 11.67% | 329.50M | 2.82B |
| FY1985 | 31 Dec 1985 | 18.31% | 613.70M | 3.35B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 27 Sept 2026 | 19.74% | 16.10B | 81.53B |
| Q2 FY2026 | 28 Jun 2026 | 24.76% | 21.04B | 84.97B |
| Q1 FY2026 | 29 Mar 2026 | 25.92% | 21.04B | 81.19B |
| Q4 FY2025 | 28 Dec 2025 | 32.87% | 26.80B | 81.54B |
| Q3 FY2025 | 28 Sept 2025 | 31.69% | 25.12B | 79.28B |
| Q2 FY2025 | 29 Jun 2025 | 28.88% | 22.66B | 78.47B |
| Q1 FY2025 | 30 Mar 2025 | 27.92% | 21.81B | 78.11B |
| Q4 FY2024 | 29 Dec 2024 | 19.68% | 14.07B | 71.49B |
| Q3 FY2024 | 29 Sept 2024 | 21.05% | 14.77B | 70.16B |
| Q2 FY2024 | 30 Jun 2024 | 22.90% | 16.38B | 71.54B |
| Q1 FY2024 | 31 Mar 2024 | 24.05% | 16.84B | 70.02B |
| Q4 FY2023 | 31 Dec 2023 | 19.65% | 13.52B | 68.77B |
| Q3 FY2023 | 1 Oct 2023 | 18.12% | 12.91B | 71.23B |
| Q2 FY2023 | 2 Jul 2023 | 17.37% | 13.05B | 75.15B |
| Q1 FY2023 | 2 Apr 2023 | 17.95% | 12.72B | 70.87B |
| Q4 FY2022 | 31 Dec 2022 | 23.36% | 17.94B | 76.80B |
| Q3 FY2022 | 2 Oct 2022 | 25.68% | 19.16B | 74.60B |
| Q2 FY2022 | 3 Jul 2022 | 24.05% | 18.37B | 76.36B |
| Q1 FY2022 | 3 Apr 2022 | 26.54% | 19.83B | 74.71B |
| Q4 FY2021 | 31 Dec 2021 | 28.20% | 20.88B | 74.02B |
| Q3 FY2021 | 3 Oct 2021 | 25.44% | 17.88B | 70.27B |
| Q2 FY2021 | 4 Jul 2021 | 25.53% | 17.77B | 69.58B |
| Q1 FY2021 | 4 Apr 2021 | 22.96% | 15.12B | 65.83B |
| Q4 FY2020 | 31 Dec 2020 | 23.25% | 14.71B | 63.28B |
| Q3 FY2020 | 27 Sept 2020 | 26.35% | 16.99B | 64.47B |
| Q2 FY2020 | 28 Jun 2020 | 24.11% | 15.19B | 62.98B |
| Q1 FY2020 | 29 Mar 2020 | 28.01% | 17.17B | 61.29B |
| Q4 FY2019 | 31 Dec 2019 | 25.42% | 15.12B | 59.47B |
| Q3 FY2019 | 29 Sept 2019 | 24.31% | 14.15B | 58.21B |
| Q2 FY2019 | 30 Jun 2019 | 26.87% | 16.33B | 60.79B |
| Q1 FY2019 | 31 Mar 2019 | 24.90% | 14.68B | 58.96B |
| Q4 FY2018 | 31 Dec 2018 | 25.60% | 15.30B | 59.75B |
| Q3 FY2018 | 30 Sept 2018 | 2.39% | 1.54B | 64.63B |
| Q2 FY2018 | 1 Jul 2018 | 2.18% | 1.37B | 62.89B |
| Q1 FY2018 | 1 Apr 2018 | 1.97% | 1.25B | 63.26B |
| Q4 FY2017 | 31 Dec 2017 | 2.16% | 1.30B | 60.16B |
| Q3 FY2017 | 1 Oct 2017 | 21.39% | 15.83B | 73.98B |
| Q2 FY2017 | 2 Jul 2017 | 22.71% | 16.34B | 71.92B |
| Q1 FY2017 | 2 Apr 2017 | 23.70% | 16.67B | 70.34B |
| Q4 FY2016 | 31 Dec 2016 | 23.49% | 16.54B | 70.42B |
| Q3 FY2016 | 2 Oct 2016 | 21.91% | 15.94B | 72.77B |
| Q2 FY2016 | 3 Jul 2016 | 20.73% | 15.03B | 72.47B |
| Q1 FY2016 | 3 Apr 2016 | 21.17% | 15.38B | 72.65B |
| Q4 FY2015 | 31 Dec 2015 | 21.66% | 15.41B | 71.15B |
| Q3 FY2015 | 27 Sept 2015 | 20.56% | 14.72B | 71.55B |
| Q2 FY2015 | 28 Jun 2015 | 22.64% | 16.11B | 71.13B |
| Q1 FY2015 | 29 Mar 2015 | 23.45% | 15.92B | 67.88B |
| Q4 FY2014 | 31 Dec 2014 | 23.40% | 16.32B | 69.75B |
| Q3 FY2014 | 28 Sept 2014 | 22.61% | 17.32B | 76.59B |
| Q2 FY2014 | 29 Jun 2014 | 19.93% | 15.55B | 78.05B |
| Q1 FY2014 | 30 Mar 2014 | 19.67% | 15.06B | 76.58B |
| Q4 FY2013 | 31 Dec 2013 | 18.68% | 13.83B | 74.05B |
| Q3 FY2013 | 29 Sept 2013 | 18.45% | 12.88B | 69.80B |
| Q2 FY2013 | 30 Jun 2013 | 18.47% | 12.87B | 69.67B |
| Q1 FY2013 | 31 Mar 2013 | 15.62% | 10.44B | 66.86B |
| Q4 FY2012 | 31 Dec 2012 | 16.74% | 10.85B | 64.83B |
| Q3 FY2012 | 30 Sept 2012 | 13.35% | 8.51B | 63.76B |
| Q2 FY2012 | 1 Jul 2012 | 14.47% | 8.75B | 60.43B |
| Q1 FY2012 | 1 Apr 2012 | 16.48% | 10.11B | 61.37B |
| Q4 FY2011 | 31 Dec 2011 | 16.96% | 9.68B | 57.08B |
| Q3 FY2011 | 2 Oct 2011 | 18.52% | 11.40B | 61.53B |
| Q2 FY2011 | 3 Jul 2011 | 18.69% | 11.61B | 62.13B |
| Q1 FY2011 | 3 Apr 2011 | 20.52% | 12.28B | 59.86B |
| Q4 FY2010 | 31 Dec 2010 | 23.57% | 13.33B | 56.58B |
| Q3 FY2010 | 3 Oct 2010 | 23.73% | 13.60B | 57.29B |
| Q2 FY2010 | 4 Jul 2010 | 25.59% | 13.53B | 52.85B |
| Q1 FY2010 | 4 Apr 2010 | 25.11% | 13.29B | 52.91B |
| Q4 FY2009 | 31 Dec 2009 | 24.25% | 12.27B | 50.59B |
| Q3 FY2009 | 27 Sept 2009 | 25.35% | 12.77B | 50.38B |
| Q2 FY2009 | 28 Jun 2009 | 27.55% | 12.74B | 46.25B |
| Q1 FY2009 | 29 Mar 2009 | 29.36% | 12.86B | 43.79B |
| Q4 FY2008 | 31 Dec 2008 | 30.46% | 12.95B | 42.51B |
| Q3 FY2008 | 28 Sept 2008 | 27.57% | 12.61B | 45.73B |
| Q2 FY2008 | 29 Jun 2008 | 25.51% | 11.85B | 46.44B |
| Q1 FY2008 | 30 Mar 2008 | 25.43% | 11.60B | 45.63B |
| Q4 FY2007 | 31 Dec 2007 | 24.41% | 10.58B | 43.32B |
| Q3 FY2007 | 30 Sept 2007 | 23.80% | 10.37B | 43.57B |
| Q2 FY2007 | 1 Jul 2007 | 24.54% | 10.58B | 43.12B |
| Q1 FY2007 | 1 Apr 2007 | 25.22% | 10.32B | 40.93B |
| Q4 FY2006 | 31 Dec 2006 | 28.11% | 11.05B | 39.32B |
| Q3 FY2006 | 1 Oct 2006 | 27.28% | 11.07B | 40.57B |
| Q2 FY2006 | 2 Jul 2006 | 26.83% | 10.93B | 40.74B |
| Q1 FY2006 | 2 Apr 2006 | 26.24% | 10.79B | 41.12B |
| Q4 FY2005 | 31 Dec 2005 | 26.89% | 10.41B | 38.71B |
| Q3 FY2005 | 2 Oct 2005 | 25.63% | 9.45B | 36.85B |
| Q2 FY2005 | 3 Jul 2005 | 26.05% | 9.16B | 35.17B |
| Q1 FY2005 | 3 Apr 2005 | 26.57% | 8.94B | 33.65B |
| Q4 FY2004 | 31 Dec 2004 | 26.75% | 8.51B | 31.81B |
| Q3 FY2004 | 26 Sept 2004 | 28.99% | 9.14B | 31.51B |
| Q2 FY2004 | 27 Jun 2004 | 29.51% | 8.87B | 30.05B |
| Q1 FY2004 | 28 Mar 2004 | 26.74% | 7.62B | 28.49B |
| Q4 FY2003 | 31 Dec 2003 | 26.79% | 7.20B | 26.87B |
| Q3 FY2003 | 28 Sept 2003 | 26.17% | 6.74B | 25.74B |
| Q2 FY2003 | 29 Jun 2003 | 26.15% | 6.39B | 24.44B |
| Q1 FY2003 | 30 Mar 2003 | 28.43% | 6.83B | 24.04B |
| Q4 FY2002 | 31 Dec 2002 | 29.07% | 6.60B | 22.70B |
| Q3 FY2002 | 29 Sept 2002 | 28.61% | 6.32B | 22.09B |
| Q2 FY2002 | 30 Jul 2002 | — | — | 21.89B |
| Q1 FY2002 | 31 Mar 2002 | 25.30% | 6.00B | 23.72B |
| Q4 FY2001 | 31 Dec 2001 | 23.39% | 5.67B | 24.23B |
| Q3 FY2001 | 30 Sept 2001 | 22.98% | 5.45B | 23.73B |
| Q2 FY2001 | 1 Jul 2001 | 22.85% | 5.19B | 22.71B |
| Q1 FY2001 | 1 Apr 2001 | — | — | 20.09B |
| Q4 FY2000 | 31 Dec 2000 | 23.54% | 4.80B | 20.40B |
| Q3 FY2000 | 1 Oct 2000 | 25.39% | 4.69B | 18.49B |
| Q2 FY2000 | 2 Jun 2000 | 25.19% | 4.53B | 17.98B |
| Q1 FY2000 | 2 Apr 2000 | 25.38% | 4.35B | 17.15B |
| Q4 FY1999 | 31 Dec 1999 | 25.70% | 4.17B | 16.21B |
| Q3 FY1999 | 3 Oct 1999 | 22.52% | 3.47B | 15.38B |
| Q2 FY1999 | 4 Jul 1999 | 22.57% | 3.33B | 14.74B |
| Q1 FY1999 | 4 Apr 1999 | 22.34% | 3.18B | 14.22B |
| Q4 FY1998 | 31 Dec 1998 | 21.73% | 3.06B | 14.08B |
| Q3 FY1998 | 27 Sept 1998 | 25.87% | 3.61B | 13.94B |
| Q2 FY1998 | 28 Jun 1998 | 26.29% | 3.50B | 13.31B |
| Q1 FY1998 | 29 Mar 1998 | 26.58% | 3.40B | 12.81B |
| Q4 FY1997 | 31 Dec 1997 | 26.73% | 3.30B | 12.36B |
| Q3 FY1997 | 28 Sept 1997 | 26.51% | 3.23B | 12.18B |
| Q2 FY1997 | 29 Jun 1997 | 26.65% | 3.12B | 11.72B |
| Q1 FY1997 | 30 Mar 1997 | 26.90% | 3.01B | 11.17B |
| Q4 FY1996 | 31 Dec 1996 | 26.64% | 2.89B | 10.84B |
| Q3 FY1996 | 29 Sept 1996 | 26.18% | 2.80B | 10.68B |
| Q2 FY1996 | 30 Jun 1996 | 26.06% | 2.67B | 10.24B |
| Q1 FY1996 | 31 Mar 1996 | 25.83% | 2.54B | 9.83B |
| Q4 FY1995 | 31 Dec 1995 | 26.57% | 2.40B | 9.05B |
| Q3 FY1995 | 1 Oct 1995 | 25.99% | 2.32B | 8.91B |
| Q2 FY1995 | 2 Jul 1995 | 25.90% | 2.22B | 8.56B |
| Q1 FY1995 | 2 Apr 1995 | 26.85% | 2.12B | 7.88B |
| Q4 FY1994 | 31 Dec 1994 | 28.17% | 2.01B | 7.12B |
| Q3 FY1994 | 2 Oct 1994 | 28.07% | 1.96B | 6.99B |
| Q2 FY1994 | 3 Jul 1994 | 28.58% | 1.89B | 6.62B |
| Q1 FY1994 | 30 Mar 1994 | 30.01% | 1.83B | 6.09B |
| Q4 FY1993 | 31 Dec 1993 | 32.09% | 1.79B | 5.57B |
| Q3 FY1993 | 30 Sept 1993 | 30.27% | 1.72B | 5.70B |
| Q2 FY1993 | 30 Jun 1993 | 29.71% | 1.70B | 5.71B |
| Q1 FY1993 | 31 Mar 1993 | 30.02% | 1.66B | 5.54B |
| Q4 FY1992 | 31 Dec 1992 | 31.43% | 1.63B | 5.17B |
| Q3 FY1992 | 30 Sept 1992 | 27.25% | 1.63B | 5.97B |
| Q2 FY1992 | 30 Jun 1992 | 27.39% | 1.57B | 5.71B |
| Q1 FY1992 | 31 Mar 1992 | 26.27% | 1.51B | 5.74B |
| Q4 FY1991 | 31 Dec 1991 | 25.97% | 1.46B | 5.63B |
| Q3 FY1991 | 30 Sept 1991 | 26.49% | 1.42B | 5.36B |
| Q2 FY1991 | 30 Jun 1991 | 27.05% | 1.37B | 5.06B |
| Q1 FY1991 | 31 Mar 1991 | 26.73% | 1.32B | 4.93B |
| Q4 FY1990 | 31 Dec 1990 | 23.33% | 1.14B | 4.90B |
| Q3 FY1990 | 30 Sept 1990 | 23.50% | 1.11B | 4.74B |
| Q2 FY1990 | 30 Jun 1990 | 23.42% | 1.07B | 4.55B |
| Q1 FY1990 | 31 Mar 1990 | 23.54% | 1.01B | 4.29B |
| Q4 FY1989 | 31 Dec 1989 | 26.08% | 1.08B | 4.15B |
| Q3 FY1989 | 30 Sept 1989 | 27.05% | 1.06B | 3.93B |
| Q2 FY1989 | 30 Jun 1989 | — | 1.04B | — |
| Q1 FY1989 | 31 Mar 1989 | 27.95% | 1.01B | 3.62B |
| Q4 FY1988 | 31 Dec 1988 | 27.80% | 974.00M | 3.50B |
| Q3 FY1988 | 30 Sept 1988 | — | 952.70M | — |
| Q2 FY1988 | 30 Jun 1988 | — | 923.10M | — |
| Q1 FY1988 | 31 Mar 1988 | — | 876.50M | — |
| Q4 FY1987 | 31 Dec 1987 | 23.90% | 833.00M | 3.49B |
| Q3 FY1987 | 30 Sept 1987 | — | 766.80M | — |
| Q2 FY1987 | 30 Jun 1987 | — | 736.10M | — |
| Q1 FY1987 | 31 Mar 1987 | — | 701.50M | — |
| Q4 FY1986 | 31 Dec 1986 | 11.67% | 329.50M | 2.82B |
| Q3 FY1986 | 30 Sept 1986 | — | 360.70M | — |
| Q2 FY1986 | 30 Jun 1986 | — | 339.00M | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 3.35B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about Johnson & Johnson's ROE
Source: Financial Modeling PrepVerified against SEC filings