AbbVie Inc.

ABBV

AbbVie Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for AbbVie Inc..

R40: 28 · 2026 Q2 $463.96B
$261.83
News

Coverage

See all news →

Rule of 40 2026 Q2
28.5
✗ Below 40
Revenue Growth YoY +10.2%
+
FCF Margin +18.3%
History
39
Q3
50
Q4
2024 R40 +35
19
Q1
38
Q2
51
Q3
39
Q4
2025 R40 +38
36
Q1
28
Q2
ANALYST RATINGS
Buy $276
Consensus as of Aug 19, 2026
ABBV
Wells Fargo Overweight $295
Reiterated
2026-08-17
Wolfe Research Buy $300
Upgrade
2026-08-13
Barclays Overweight $300
Reiterated
2026-08-12
Evercore ISI Outperform $246
Reiterated
2026-08-10
Berenberg Bank Buy $275
Reiterated
2026-08-06

See all 7 ratings →

Revenue

Latest: $16.99B (2026Q2)

Period Value
2020Q3 $12.90B
2020Q4 $13.86B
2021Q1 $13.01B
2021Q2 $13.96B
2021Q3 $14.34B
2021Q4 $14.89B
2022Q1 $13.54B
2022Q2 $14.58B
2022Q3 $14.81B
2022Q4 $15.12B
2023Q1 $12.22B
2023Q2 $13.87B
2023Q3 $13.93B
2023Q4 $14.30B
2024Q1 $12.31B
2024Q2 $14.46B
2024Q3 $14.46B
2024Q4 $15.10B
2025Q1 $13.34B
2025Q2 $15.42B
2025Q3 $15.78B
2025Q4 $16.62B
2026Q1 $15.00B
2026Q2 $16.99B
EPS

Latest: $2.03 (2026Q2)

Period Value
2020Q3 $1.29
2020Q4 -$0.13
2021Q1 $1.99
2021Q2 $0.42
2021Q3 $1.78
2021Q4 $2.26
2022Q1 $2.51
2022Q2 $0.51
2022Q3 $2.21
2022Q4 $1.40
2023Q1 $0.13
2023Q2 $1.14
2023Q3 $1.00
2023Q4 $0.45
2024Q1 $0.77
2024Q2 $0.77
2024Q3 $0.88
2024Q4 -$0.03
2025Q1 $0.72
2025Q2 $0.52
2025Q3 $0.10
2025Q4 $1.02
2026Q1 $0.39
2026Q2 $2.03
P/E Ratio

Latest: 107.1 (2026Q1)

Period Value
2020Q2 16.6
2020Q3 14.9
2020Q4 30.6
2021Q1 31.6
2021Q2 25.4
2021Q3 21.7
2021Q4 18.0
2022Q1 20.1
2022Q2 18.9
2022Q3 15.8
2022Q4 21.7
2023Q1 33.8
2023Q2 25.1
2023Q3 37.4
2023Q4 52.5
2024Q1 50.4
2024Q2 53.9
2024Q3 65.2
2024Q4 71.0
2025Q1 86.3
2025Q2 86.3
2025Q3 172.8
2025Q4 96.8
2026Q1 107.1
Free Cash Flow

Latest: $3.11B (2026Q2)

Period Value
2020Q3 $5.61B
2020Q4 $4.58B
2021Q1 $4.69B
2021Q2 $4.70B
2021Q3 $7.72B
2021Q4 $4.89B
2022Q1 $4.75B
2022Q2 $4.86B
2022Q3 $7.42B
2022Q4 $7.21B
2023Q1 $4.02B
2023Q2 $6.14B
2023Q3 $7.36B
2023Q4 $4.55B
2024Q1 $3.85B
2024Q2 $2.03B
2024Q3 $5.20B
2024Q4 $6.76B
2025Q1 $1.40B
2025Q2 $4.88B
2025Q3 $6.64B
2025Q4 $4.89B
2026Q1 $3.56B
2026Q2 $3.11B
Shares

Latest: $1,767,384,632.00 (2025Q3)

Period Value
2018Q1 $1,586,879,451.00
2018Q2 $1,514,272,698.00
2018Q3 $1,504,216,327.00
2019Q1 $1,478,332,177.00
2019Q2 $1,478,483,838.00
2019Q3 $1,478,821,109.00
2020Q1 $1,476,742,215.00
2020Q2 $1,764,833,246.00
2020Q3 $1,765,473,923.00
2021Q1 $1,766,222,336.00
2021Q2 $1,767,175,532.00
2021Q3 $1,767,880,465.00
2022Q1 $1,767,110,083.00
2022Q2 $1,768,096,495.00
2022Q3 $1,768,480,508.00
2023Q1 $1,764,289,680.00
2023Q2 $1,765,046,680.00
2023Q3 $1,765,537,421.00
2024Q1 $1,765,867,781.00
2024Q2 $1,766,343,745.00
2024Q3 $1,767,140,323.00
2025Q1 $1,766,403,027.00
2025Q2 $1,766,558,253.00
2025Q3 $1,767,384,632.00
Cumulative FCF

Latest: $184.69B (2026Q2)

Period Value
2020Q3 $69.48B
2020Q4 $74.06B
2021Q1 $78.75B
2021Q2 $83.44B
2021Q3 $91.16B
2021Q4 $96.05B
2022Q1 $100.80B
2022Q2 $105.66B
2022Q3 $113.08B
2022Q4 $120.30B
2023Q1 $124.32B
2023Q2 $130.46B
2023Q3 $137.81B
2023Q4 $142.36B
2024Q1 $146.21B
2024Q2 $148.24B
2024Q3 $153.44B
2024Q4 $160.19B
2025Q1 $161.59B
2025Q2 $166.48B
2025Q3 $173.12B
2025Q4 $178.01B
2026Q1 $181.57B
2026Q2 $184.69B
Just reported

Latest results

See all ABBV earnings → Investor relations →

Background

Company History

Exchange
NYSE
IPO Date
Jan 2, 2013
IPO Price
$35.29
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
1.77B
2012
Spin-Off from Abbott Laboratories

AbbVie was formed as a spin-off from Abbott Laboratories, focusing on research-based pharmaceuticals; became independent on January 1, 2013.

2014
Acquisition of ImmuVen

Acquired ImmuVen, a startup focused on biotherapeutics for cancer, infectious diseases, and autoimmune disorders.

2015
Pharmacyclics Acquisition

Acquired oncology firm Pharmacyclics and its blood cancer treatment ibrutinib for $21 billion.

2019
$63B Allergan Acquisition

Acquired Allergan for $63 billion, with divestitures to gain regulatory approval, including brazikumab to AstraZeneca and Zenpep/Viokace to Nestlé.

2020
COVID-19 Treatment Evaluation

Evaluated Kaletra (lopinavir/ritonavir) as a potential COVID-19 treatment, later found ineffective, and ceased patent enforcement in response to government pressure.

2024
$10.1B ImmunoGen Acquisition

Acquired ImmunoGen for $10.1 billion to enter the ovarian cancer market with the drug Elahere.

2024
CEO Change

Robert Michael replaced Richard Gonzalez as CEO, with Gonzalez becoming executive chairman.

Leadership

Key Players

showing 6 of 18

Robert A. Michael
Chairman of the Board & CEO
Became CEO in 2024, added Chairman role effective July 2025; previously President & COO, CFO; 30+ years at Abbott/AbbVie.
Scott T. Reents
EVP, Chief Financial Officer
Named CFO in June 2022; previously VP of Tax and Treasury; joined the company in 2013.
Jeffrey Stewart
EVP, Chief Commercial Officer
Leads global commercial operations across all therapeutic areas and the Allergan Aesthetics portfolio.
Roopal Thakkar, M.D.
EVP, R&D & Chief Scientific Officer
Appointed July 2024; leads 14,000+ R&D team members; drives pipeline across immunology, oncology, neuroscience, and eye care.
Azita Saleki-Gerhardt, Ph.D.
EVP, Chief Operations Officer
Oversees global manufacturing, supply chain, quality, and enterprise services for all AbbVie products.
Perry Siatis
EVP, General Counsel & Secretary
Promoted to General Counsel in late 2022; succeeded Laura Schumacher; previously SVP and Deputy General Counsel.

See all 18 key players →

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Institutional

Funds we follow holding ABBV

By latest reported 13F position value. Market value at quarter-end, not cost basis.