Johnson & Johnson (JNJ) Financial Statements & Analysis

Johnson & Johnson (JNJ) Income Statement

Johnson & Johnson reported revenue of $94.19B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.0% from $88.82B a year earlier. Net income was $26.80B, up 90.6% year over year, a net margin of 28.5%. Gross margin was 67.9% and operating margin 27.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $25.31B, up 6.6% from the same quarter a year earlier.

Johnson & Johnson Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Johnson & Johnson income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2021	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	94.19	88.82	85.16	79.99	79.99	78.74	78.74	82.58	82.06	81.58	76.45
Cost of Revenue	30.26	27.47	26.24	24.60	24.60	23.40	23.40	28.43	27.56	27.09	25.44
Gross Profit	63.94	61.35	58.61	55.39	55.39	55.34	55.34	54.16	54.50	54.49	51.01
Operating Expenses
Research & Development	14.67	17.23	15.09	14.14	14.14	14.28	14.28	12.34	11.36	10.78	10.59
Selling, General & Administrative	23.68	22.87	20.17	19.08	20.25	19.51	20.12	22.08	22.18	22.54	21.52
Operating Expenses	38.34	40.10	36.91	35.16	34.38	35.30	34.40	34.42	33.53	33.32	32.11
Operating Income	25.60	21.25	21.70	20.23	21.01	20.04	20.94	19.73	20.97	21.18	18.90
Other Income/Expense
Interest Income	1.06	1.33	1.26	0.49	0.49	0.05	0.05	0.11	0.36	0.61	0.39
Interest Expense	0.97	0.76	0.77	-	0.28	-	0.18	0.20	0.32	1.01	0.93
Other Income/Expense	6.89	-5.15	-6.63	-0.87	-1.87	-0.87	-1.77	-3.24	-3.64	-3.18	-1.22
Income
Income Before Tax	32.58	16.69	15.06	19.36	19.36	19.18	19.18	16.50	17.33	18.00	17.67
Income Tax Expense	5.78	2.62	1.74	2.99	2.99	1.38	1.38	1.78	2.21	2.70	16.37
Net Income	26.80	14.07	35.15	17.94	17.94	20.88	20.88	14.71	15.12	15.30	1.30
Net Income - Continuous Operations	26.80	14.07	13.33	-	16.37	-	20.88	14.71	15.12	15.30	1.30
Net Income - Discontinued Operations	-	-	21.83	-	1.57	-	-	-	-	-	-
EBITDA	41.06	24.78	30.77	28.51	26.61	28.21	26.75	23.93	24.66	25.93	24.25
EBIT	33.55	17.44	23.66	22.18	19.64	21.56	-	-	-	-	-
Depreciation & Amortization	7.50	7.34	7.49	-	6.97	-	7.39	7.23	7.01	6.93	5.64
Earnings Per Share
Basic EPS	11.00	6.00	14.00	7.00	7.00	8.00	8.00	6.00	6.00	6.00	-
Diluted EPS	11.00	6.00	14.00	7.00	7.00	8.00	8.00	6.00	6.00	6.00	-
Basic Shares Outstanding	2.41	2.41	2.53	2.63	2.61	2.63	2.63	2.63	2.63	2.66	2.68
Diluted Shares Outstanding	2.43	2.43	2.56	2.66	2.66	2.67	2.67	2.67	2.68	2.73	2.75

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Johnson & Johnson Financial Statements

What was Johnson & Johnson's revenue in fiscal 2025?

Johnson & Johnson reported revenue of $94.19B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.0% from $88.82B a year earlier.

Is Johnson & Johnson profitable?

Yes. Johnson & Johnson earned net income of $26.80B in fiscal 2025, a net margin of 28.5%. In fiscal 2024 it earned $14.07B.

What is Johnson & Johnson's operating margin?

Johnson & Johnson's operating income was $25.60B on revenue of $94.19B in fiscal 2025, an operating margin of 27.2%, compared with 23.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition