60/100B40.930
USD
0.21
(0.50%)
Market Open
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 0.68Revenue estimate 11.78B
Q4 FY2026 · Earnings report
EPS estimate 0.68Revenue estimate 11.78B
Novo-Nordisk A 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.
Novo-Nordisk A/S's return on equity is 51.91%: net income of 113.07B DKK over the last twelve months on shareholders' equity of 217.80B DKK.
- Today
- 51.91%
- Average, 5 years
- 226.58%
- Low, 5 years
- 51.91%
- High, 5 years
- 570.42%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 113.07B ÷ 217.80B = 51.91%
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 Novo-Nordisk A'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
33.1%
profit on each dollar of sales
×
Asset turnover
0.57×
sales on each dollar of assets
×
Equity multiplier
2.80×
assets on each dollar of equity
=
Return on equity
52.8%
FY2025
- FY202533.1% × 0.57 × 2.80 = 52.8%
- FY202434.8% × 0.62 × 3.25 = 70.4%
- FY202336.0% × 0.74 × 2.95 = 78.5%
- FY202231.4% × 0.73 × 2.89 = 66.5%
- FY202133.9% × 0.72 × 2.75 = 67.5%
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 | 51.91% | 113.07B | 217.80B | |
| FY2025 | 31 Dec 2025 | 52.79% | 102.43B | 194.05B |
| FY2024 | 31 Dec 2024 | 70.38% | 100.99B | 143.49B |
| FY2023 | 31 Dec 2023 | 78.53% | 83.68B | 106.56B |
| FY2022 | 31 Dec 2022 | 66.51% | 55.53B | 83.49B |
| FY2021 | 31 Dec 2021 | 67.50% | 47.76B | 70.75B |
| FY2020 | 31 Dec 2020 | 66.54% | 42.14B | 63.33B |
| FY2019 | 31 Dec 2019 | 67.63% | 38.95B | 57.59B |
| FY2018 | 31 Dec 2018 | 74.52% | 38.63B | 51.84B |
| FY2017 | 31 Dec 2017 | 76.54% | 38.13B | 49.82B |
| FY2016 | 31 Dec 2016 | 83.78% | 37.93B | 45.27B |
| FY2015 | 31 Dec 2015 | 74.22% | 34.86B | 46.97B |
| FY2014 | 31 Dec 2014 | 65.72% | 26.48B | 40.29B |
| FY2013 | 31 Dec 2013 | 59.16% | 25.18B | 42.57B |
| FY2012 | 31 Dec 2012 | 52.75% | 21.43B | 40.63B |
| FY2011 | 31 Dec 2011 | 45.66% | 17.10B | 37.45B |
| FY2010 | 31 Dec 2010 | 38.96% | 14.40B | 36.97B |
| FY2009 | 31 Dec 2009 | 30.13% | 10.77B | 35.73B |
| FY2008 | 31 Dec 2008 | 29.24% | 9.67B | 33.06B |
| FY2007 | 31 Dec 2007 | 26.49% | 8.54B | 32.22B |
| FY2006 | 31 Dec 2006 | 21.42% | 6.45B | 30.13B |
| FY2005 | 31 Dec 2005 | 21.22% | 5.86B | 27.59B |
| FY2004 | 31 Dec 2004 | 18.92% | 5.05B | 26.69B |
| FY2003 | 31 Dec 2003 | 19.26% | 4.87B | 25.29B |
| FY2002 | 31 Dec 2002 | 17.87% | 4.09B | 22.90B |
| FY2001 | 31 Dec 2001 | 19.18% | 3.85B | 20.08B |
| FY2000 | 31 Dec 2000 | 19.61% | 3.09B | 15.75B |
| FY1999 | 31 Dec 1999 | 12.99% | 2.41B | 18.56B |
| FY1998 | 31 Dec 1998 | 13.40% | 2.41B | 17.97B |
| FY1997 | 31 Dec 1997 | 12.25% | 2.22B | 18.12B |
| FY1996 | 31 Dec 1996 | 11.26% | 1.80B | 16.01B |
| FY1995 | 31 Dec 1995 | 10.84% | 1.56B | 14.41B |
| FY1994 | 31 Dec 1994 | 10.90% | 1.43B | 13.13B |
| FY1993 | 31 Dec 1993 | 11.97% | 1.43B | 11.95B |
| FY1992 | 31 Dec 1992 | 12.06% | 1.27B | 10.56B |
| FY1991 | 31 Dec 1991 | 9.79% | 930.19M | 9.50B |
| FY1990 | 31 Dec 1990 | 10.82% | 760.12M | 7.03B |
| FY1989 | 31 Dec 1989 | 11.92% | 745.99M | 6.26B |
| FY1988 | 31 Dec 1988 | 11.54% | 637.91M | 5.53B |
| FY1987 | 31 Dec 1987 | 9.30% | 480.40M | 5.17B |
| FY1986 | 31 Dec 1986 | 12.80% | 521.32M | 4.07B |
| FY1985 | 31 Dec 1985 | 12.36% | 607.76M | 4.92B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 51.91% | 113.07B | 217.80B |
| Q2 FY2026 | 30 Jun 2026 | 52.62% | 116.44B | 221.28B |
| Q1 FY2026 | 31 Mar 2026 | 60.06% | 121.96B | 203.07B |
| Q4 FY2025 | 31 Dec 2025 | 52.79% | 102.43B | 194.05B |
| Q3 FY2025 | 30 Sept 2025 | 61.08% | 103.77B | 169.90B |
| Q2 FY2025 | 30 Jun 2025 | 66.09% | 111.07B | 168.07B |
| Q1 FY2025 | 31 Mar 2025 | 75.51% | 104.62B | 138.54B |
| Q4 FY2024 | 31 Dec 2024 | 70.38% | 100.99B | 143.49B |
| Q3 FY2024 | 30 Sept 2024 | 78.59% | 94.72B | 120.52B |
| Q2 FY2024 | 30 Jun 2024 | 555.92% | 89.90B | 16.17B |
| Q1 FY2024 | 31 Mar 2024 | 90.26% | 89.28B | 98.91B |
| Q4 FY2023 | 31 Dec 2023 | 78.53% | 83.68B | 106.56B |
| Q3 FY2023 | 30 Sept 2023 | 570.42% | 75.31B | 13.20B |
| Q2 FY2023 | 30 Jun 2023 | 507.22% | 67.24B | 13.26B |
| Q1 FY2023 | 31 Mar 2023 | 524.74% | 61.13B | 11.65B |
| Q4 FY2022 | 31 Dec 2022 | 66.51% | 55.53B | 83.49B |
| Q3 FY2022 | 30 Sept 2022 | 522.87% | 52.83B | 10.10B |
| Q2 FY2022 | 30 Jun 2022 | 482.86% | 50.54B | 10.47B |
| Q1 FY2022 | 31 Mar 2022 | 495.69% | 49.34B | 9.95B |
| Q4 FY2021 | 31 Dec 2021 | 67.50% | 47.76B | 70.75B |
| Q3 FY2021 | 30 Sept 2021 | 448.20% | 46.18B | 10.30B |
| Q2 FY2021 | 30 Jun 2021 | 424.31% | 44.36B | 10.46B |
| Q1 FY2021 | 31 Mar 2021 | 463.69% | 42.86B | 9.24B |
| Q4 FY2020 | 31 Dec 2020 | 404.81% | 42.14B | 10.41B |
| Q3 FY2020 | 30 Sept 2020 | 442.59% | 41.54B | 9.38B |
| Q2 FY2020 | 30 Jun 2020 | 457.83% | 41.43B | 9.05B |
| Q1 FY2020 | 31 Mar 2020 | 505.11% | 40.40B | 8.00B |
| Q4 FY2019 | 31 Dec 2019 | 450.22% | 38.95B | 8.65B |
| Q3 FY2019 | 30 Sept 2019 | 73.14% | 38.73B | 52.95B |
| Q2 FY2019 | 30 Jun 2019 | 70.78% | 37.57B | 53.09B |
| Q1 FY2019 | 31 Mar 2019 | 80.99% | 38.32B | 47.32B |
| Q4 FY2018 | 31 Dec 2018 | 74.52% | 38.63B | 51.84B |
| Q3 FY2018 | 30 Sept 2018 | 80.79% | 38.38B | 47.51B |
| Q2 FY2018 | 30 Jun 2018 | 79.70% | 39.12B | 49.08B |
| Q1 FY2018 | 31 Mar 2018 | 87.54% | 38.73B | 44.24B |
| Q4 FY2017 | 31 Dec 2017 | 76.54% | 38.13B | 49.82B |
| Q3 FY2017 | 30 Sept 2017 | 82.17% | 38.58B | 46.95B |
| Q2 FY2017 | 30 Jun 2017 | 79.71% | 38.61B | 48.44B |
| Q1 FY2017 | 31 Mar 2017 | 95.84% | 38.63B | 40.30B |
| Q4 FY2016 | 31 Dec 2016 | 83.78% | 37.93B | 45.27B |
| Q3 FY2016 | 30 Sept 2016 | 90.70% | 37.48B | 41.33B |
| Q2 FY2016 | 30 Jun 2016 | 84.69% | 36.06B | 42.59B |
| Q1 FY2016 | 31 Mar 2016 | 92.37% | 34.44B | 37.28B |
| Q4 FY2015 | 31 Dec 2015 | 74.22% | 34.86B | 46.97B |
| Q3 FY2015 | 30 Sept 2015 | 76.85% | 33.13B | 43.11B |
| Q2 FY2015 | 30 Jun 2015 | 79.90% | 31.25B | 39.11B |
| Q1 FY2015 | 31 Mar 2015 | 93.12% | 29.90B | 32.11B |
| Q4 FY2014 | 31 Dec 2014 | 65.72% | 26.48B | 40.29B |
| Q3 FY2014 | 30 Sept 2014 | 68.49% | 26.01B | 37.97B |
| Q2 FY2014 | 30 Jun 2014 | 70.70% | 25.92B | 36.66B |
| Q1 FY2014 | 31 Mar 2014 | 76.41% | 25.66B | 33.58B |
| Q4 FY2013 | 31 Dec 2013 | 59.16% | 25.18B | 42.57B |
| Q3 FY2013 | 30 Sept 2013 | 63.61% | 24.89B | 39.13B |
| Q2 FY2013 | 30 Jun 2013 | 68.27% | 24.14B | 35.36B |
| Q1 FY2013 | 31 Mar 2013 | 67.31% | 22.75B | 33.80B |
| Q4 FY2012 | 31 Dec 2012 | 52.75% | 21.43B | 40.63B |
| Q3 FY2012 | 30 Sept 2012 | 57.11% | 20.37B | 35.66B |
| Q2 FY2012 | 30 Jun 2012 | 60.32% | 18.90B | 31.33B |
| Q1 FY2012 | 31 Mar 2012 | 54.66% | 17.69B | 32.36B |
| Q4 FY2011 | 31 Dec 2011 | 45.66% | 17.10B | 37.45B |
| Q3 FY2011 | 30 Sept 2011 | 46.16% | 16.35B | 35.43B |
| Q2 FY2011 | 30 Jun 2011 | 42.57% | 15.74B | 36.97B |
| Q1 FY2011 | 31 Mar 2011 | 43.58% | 15.15B | 34.77B |
| Q4 FY2010 | 31 Dec 2010 | 38.96% | 14.40B | 36.97B |
| Q3 FY2010 | 30 Sept 2010 | 37.30% | 12.78B | 34.26B |
| Q2 FY2010 | 30 Jun 2010 | 35.53% | 11.95B | 33.64B |
| Q1 FY2010 | 31 Mar 2010 | 34.61% | 11.39B | 32.92B |
| Q4 FY2009 | 31 Dec 2009 | 30.13% | 10.77B | 35.73B |
| Q3 FY2009 | 30 Sept 2009 | 30.98% | 10.80B | 34.87B |
| Q2 FY2009 | 30 Jun 2009 | 31.40% | 10.70B | 34.09B |
| Q1 FY2009 | 31 Mar 2009 | 32.50% | 10.19B | 31.35B |
| Q4 FY2008 | 31 Dec 2008 | 29.24% | 9.67B | 33.06B |
| Q3 FY2008 | 30 Sept 2008 | 25.82% | 8.30B | 32.15B |
| Q2 FY2008 | 30 Jun 2008 | 23.67% | 7.83B | 33.06B |
| Q1 FY2008 | 31 Mar 2008 | 28.84% | 9.00B | 31.22B |
| Q4 FY2007 | 31 Dec 2007 | 26.49% | 8.54B | 32.22B |
| Q3 FY2007 | 30 Sept 2007 | 27.95% | 9.27B | 33.15B |
| Q2 FY2007 | 30 Jun 2007 | 26.46% | 8.86B | 33.49B |
| Q1 FY2007 | 31 Mar 2007 | 23.41% | 6.95B | 29.68B |
| Q4 FY2006 | 31 Dec 2006 | 21.42% | 6.45B | 30.13B |
| Q3 FY2006 | 30 Sept 2006 | 20.92% | 5.92B | 28.30B |
| Q2 FY2006 | 30 Jun 2006 | 20.39% | 5.90B | 28.93B |
| Q1 FY2006 | 31 Mar 2006 | 21.59% | 5.84B | 27.05B |
| Q4 FY2005 | 31 Dec 2005 | 21.22% | 5.86B | 27.59B |
| Q3 FY2005 | 30 Sept 2005 | 22.98% | 6.10B | 26.57B |
| Q2 FY2005 | 30 Jun 2005 | 21.88% | 5.60B | 25.58B |
| Q1 FY2005 | 31 Mar 2005 | 20.24% | 5.21B | 25.74B |
| Q4 FY2004 | 31 Dec 2004 | 18.92% | 5.05B | 26.69B |
| Q3 FY2004 | 30 Sept 2004 | 19.25% | 4.93B | 25.63B |
| Q2 FY2004 | 30 Jun 2004 | 19.41% | 4.84B | 24.93B |
| Q1 FY2004 | 31 Mar 2004 | 20.28% | 4.84B | 23.88B |
| Q4 FY2003 | 31 Dec 2003 | 19.22% | 4.86B | 25.29B |
| Q3 FY2003 | 30 Sept 2003 | — | 4.67B | — |
| Q2 FY2003 | 30 Jun 2003 | — | 4.53B | — |
| Q1 FY2003 | 31 Mar 2003 | — | 4.10B | — |
| Q4 FY2002 | 31 Dec 2002 | 17.36% | 3.97B | 22.90B |
| Q3 FY2002 | 30 Sept 2002 | — | 3.83B | — |
| Q2 FY2002 | 30 Jun 2002 | — | 3.88B | — |
| Q1 FY2002 | 31 Mar 2002 | — | 3.88B | — |
| Q4 FY2001 | 31 Dec 2001 | 19.60% | 3.94B | 20.08B |
| Q3 FY2001 | 30 Sept 2001 | — | 3.54B | — |
| Q2 FY2001 | 30 Jun 2001 | — | 4.23B | — |
| Q1 FY2001 | 31 Mar 2001 | — | 4.32B | — |
| Q4 FY2000 | 31 Dec 2000 | 25.31% | 3.99B | 15.75B |
| Q3 FY2000 | 30 Sept 2000 | — | 4.03B | — |
| Q2 FY2000 | 30 Jun 2000 | — | 2.92B | — |
| Q1 FY2000 | 31 Mar 2000 | — | 2.62B | — |
| Q4 FY1999 | 31 Dec 1999 | 13.06% | 2.42B | 18.56B |
| Q3 FY1999 | 30 Sept 1999 | — | 2.36B | — |
| Q2 FY1999 | 30 Jun 1999 | — | 2.33B | — |
| Q1 FY1999 | 31 Mar 1999 | — | 2.43B | — |
| Q4 FY1998 | 31 Dec 1998 | 14.04% | 2.52B | 17.97B |
| Q3 FY1998 | 30 Sept 1998 | — | 2.57B | — |
| Q2 FY1998 | 30 Jun 1998 | — | 2.57B | — |
| Q1 FY1998 | 31 Mar 1998 | — | 2.38B | — |
| Q4 FY1997 | 31 Dec 1997 | 12.10% | 2.19B | 18.12B |
| Q3 FY1997 | 30 Sept 1997 | — | 2.01B | — |
| Q2 FY1997 | 30 Jun 1997 | — | 1.88B | — |
| Q1 FY1997 | 31 Mar 1997 | — | 1.79B | — |
| Q4 FY1996 | 31 Dec 1996 | 11.19% | 1.79B | 16.01B |
| Q3 FY1996 | 30 Sept 1996 | — | 1.68B | — |
| Q2 FY1996 | 30 Jun 1996 | — | 1.65B | — |
| Q1 FY1996 | 31 Mar 1996 | — | 1.64B | — |
| Q4 FY1995 | 31 Dec 1995 | 10.73% | 1.55B | 14.41B |
| Q3 FY1995 | 30 Sept 1995 | — | 1.69B | — |
| Q2 FY1995 | 30 Jun 1995 | — | 1.63B | — |
| Q1 FY1995 | 31 Mar 1995 | — | 1.47B | — |
| Q4 FY1994 | 31 Dec 1994 | 10.86% | 1.43B | 13.13B |
| Q3 FY1994 | 30 Sept 1994 | — | 1.36B | — |
| Q2 FY1994 | 30 Jun 1994 | — | 1.38B | — |
| Q1 FY1994 | 31 Mar 1994 | — | 1.39B | — |
| Q4 FY1993 | 31 Dec 1993 | 11.83% | 1.41B | 11.95B |
| Q3 FY1993 | 30 Sept 1993 | — | 1.39B | — |
| Q2 FY1993 | 30 Jun 1993 | — | 1.21B | — |
| Q1 FY1993 | 31 Mar 1993 | — | 1.25B | — |
| Q4 FY1992 | 31 Dec 1992 | 12.15% | 1.28B | 10.56B |
| Q3 FY1992 | 30 Sept 1992 | — | — | — |
| Q2 FY1992 | 30 Jun 1992 | — | — | — |
| Q1 FY1992 | 31 Mar 1992 | — | — | — |
| Q4 FY1991 | 31 Dec 1991 | — | — | 9.50B |
| Q3 FY1991 | 30 Sept 1991 | — | — | — |
| Q2 FY1991 | 30 Jun 1991 | — | — | — |
| Q1 FY1991 | 31 Mar 1991 | — | — | — |
| Q4 FY1990 | 31 Dec 1990 | — | — | 7.03B |
| Q3 FY1990 | 30 Sept 1990 | — | — | — |
| Q2 FY1990 | 30 Jun 1990 | — | — | — |
| Q1 FY1990 | 31 Mar 1990 | — | — | — |
| Q4 FY1989 | 31 Dec 1989 | — | — | 6.26B |
| Q3 FY1989 | 30 Sept 1989 | — | — | — |
| Q2 FY1989 | 30 Jun 1989 | — | — | — |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q4 FY1988 | 31 Dec 1988 | — | — | 5.53B |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q4 FY1987 | 31 Dec 1987 | — | — | 5.17B |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q4 FY1986 | 31 Dec 1986 | — | — | 4.07B |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 4.92B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in DKK. 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,Debt to equity,Current ratio,All ratios
Common questions about Novo-Nordisk A's ROE
Source: Financial Modeling PrepVerified against SEC filings