ABBOTT LABORATORIES (ABT) Earnings History

ABBOTT LABORATORIES - Q4 2025 Earnings

Filed at: Jan 22, 2026, 7:35 AM EST|Read from source

EXECUTIVE SUMMARY

Abbott Laboratories reported solid fourth-quarter and full-year 2025 results, characterized by revenue growth across most segments and double-digit earnings per share expansion, driven by strong performance in Medical Devices and Established Pharmaceuticals. The company also provided a positive financial outlook for 2026, projecting continued organic sales growth and EPS expansion, while strategically positioning itself for future growth through an acquisition in cancer diagnostics.

POSITIVE HIGHLIGHTS

  • •

    Full-year 2025 adjusted diluted EPS of $5.15 reflects growth of 10 percent.

    positive
  • •

    Fourth-quarter adjusted diluted EPS of $1.50 reflects growth of 12 percent.

    positive
  • •

    Medical Devices sales increased 12.3% on a reported basis and 10.4% on an organic basis in Q4.

    positive
  • •

    Established Pharmaceuticals sales increased 9.0% on a reported basis and 7.0% on an organic basis in Q4.

    positive
  • •

    Abbott projects full-year 2026 organic sales growth to be in the range of 6.5% to 7.5%.

    positive
  • •

    Abbott projects full-year 2026 adjusted diluted EPS of $5.55 to $5.80, reflecting 10 percent growth at the midpoint.

    positive

CONCERNS & RISKS

  • •

    Worldwide Nutrition sales decreased 8.9% on a reported basis and 9.1% on an organic basis in Q4, reflecting lower sales volumes and strategic price actions.

    attention
  • •

    Global Diagnostics sales decreased 2.5% on a reported basis and 3.6% on an organic basis in Q4, with COVID-19 testing sales declining significantly.

    attention
  • •

    Full-year 2025 Diagnostics sales decreased 4.3% on a reported basis and 4.5% on an organic basis.

    attention
  • •

    The acquisition of Exact Sciences, while strategic, represents a significant move into a new market and will require integration and execution.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$11.46B
+4.4%
Prior year: $10.97B
Annual (YTD)
$44.33B
N/A
Prior year: $41.95B
Net Income
Quarterly
$1.78B
-80.8%
Prior year: $9.23B
Annual (YTD)
$6.52B
N/A
Prior year: $13.40B
EPS (Diluted)
Quarterly
$1.01
-80.8%
Prior year: $5.27
Annual (YTD)
$3.72
N/A
Prior year: $7.64
Operating Income
Quarterly
$2.25B
+17.8%
Prior year: $1.91B
Annual (YTD)
$8.05B
N/A
Prior year: $6.83B
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Gross Margin
Current Quarter
53.4%
Prior Year
50.7%
YoY Change
+265 bps
Operating Margin
Current Quarter
19.6%
Prior Year
17.4%
YoY Change
+223 bps
Net Margin
Current Quarter
15.5%
Prior Year
84.1%
YoY Change
-6859 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 2025 2025

VISUAL OVERVIEW

|
Medical Devices(7 segments)
49.5%
$5675000.0B
(+12.3% YoY)
Prior year: $5053000.0B
Diagnostics(4 segments)
21.5%
$2457000.0B
(-2.5% YoY)
Prior year: $2520000.0B
Nutrition(2 segments)
16.9%
$1940000.0B
(-8.9% YoY)
Prior year: $2130000.0B
Established Pharmaceuticals(2 segments)
12.1%
$1382000.0B
(+9.0% YoY)
Prior year: $1268000.0B

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Medical Devices
$5675000.0B$5053000.0B+12.3%49.5%
Diagnostics
$2457000.0B$2520000.0B-2.5%21.5%
Nutrition
$1940000.0B$2130000.0B-8.9%16.9%
Established Pharmaceuticals
$1382000.0B$1268000.0B+9.0%12.1%
Total Revenue$11454000.0B——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY 2026

organic sales growth
$6.5M—$7.5M
Mid-point: $7.0M
"Range of 6.5% to 7.5%"
adjusted diluted EPS
$5.55—$5.80
Mid-point: $5.67
"Range of $5.55 to $5.80"

Q1 2026

adjusted diluted EPS
$1.12—$1.18
Mid-point: $1.15
"Range of $1.12 to $1.18"

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

Q4 2025
Specified items excluding intangible amortization, charges related to restructuring, legal reserves, acquisitions, and other net expenses.
Net after-tax charges.
+$854M
$0.49 per share
Q4 2024
Specified items excluding non-cash valuation allowance adjustments, intangible amortization, charges related to intangible impairments, expenses associated with restructuring actions, acquisitions and other net expenses.
Net after-tax benefits.
$6,880M
$3.93 per share
FY 2025
Specified items excluding intangible amortization, charges related to investment impairments, restructuring, legal reserves, acquisitions, and other net expenses.
Net after-tax charges.
+$2,516M
$1.43 per share
FY 2024
Specified items excluding non-cash valuation allowance adjustments, intangible amortization, charges related to intangible impairments, expenses associated with restructuring actions, acquisitions and a divestiture, and other net expenses.
Net after-tax benefits.
$5,202M
$2.97 per share
Total Impact
$8,712M$-4.98 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

In 2025, we expanded margins and achieved double-digit earnings per share growth, our new product pipeline was highly productive, and we took important strategic steps to shape the company for the future.

— ABBOTT LABORATORIES, Q4 2025 2025 Earnings Call

We're well positioned for accelerating growth in 2026.

— ABBOTT LABORATORIES, Q4 2025 2025 Earnings Call

We expanded our leadership in Electrophysiology with two significant regulatory approvals.

— ABBOTT LABORATORIES, Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

Related Research

Analysis

ABT 10-K Analysis: Abbott's $23B Bet on Its Lowest-Return Division

Analysis

JNJ 10-K Analysis: Three Clocks Running Down on the Dividend King

Analysis

MMM 10-K Analysis: Why 3M Reports Two Different Companies in One Filing