Abbott Laboratories
Financial Performance
Abbott Laboratories Revenue & Financials
Revenue
$40.3B (FY2024)
Net Income
$5.6B
Employees
114,000
What is Abbott Laboratories's revenue?
Abbott Laboratories had $40.3B in revenue for fiscal year 2024, up 0.6% from 2023. Net income was $5.6B.
- Latest revenue
- $40.3B (FY2024)
- Year-over-year
- +0.6%
- Growth rate (CAGR)
- 7.9% over 9 years
- Peak revenue
- $43.7B (FY2022)
- Years of data
- 10
- Employees
- 114,000
- How much profit does Abbott Laboratories make?
- Abbott Laboratories reported net income of $5.6B for fiscal year 2024.
- How many employees does Abbott Laboratories have?
- Abbott Laboratories has about 114,000 employees.
Financial Analysis
Abbott maintains an exemplary financial profile, generating over $40.3 billion in revenue and $5.6 billion in net income with strong operating cash flows that comfortably fund continuous R&D investment and consistent dividend growth.
Revenue Trend Analysis
YoY Change
+0.6%
9-Year CAGR
+7.9%
Peak Year
2022
Trend
Consistent Growth
Abbott Laboratories has 10 full fiscal year figures on this page, compounding at +7.9% annually over 9 years. The most recent year saw a 0.6% increase versus the prior year. Annual revenue peaked in fiscal year 2022 at $43.7B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $40.3B | $5.6B | +0.6% |
| FY2023 | $40.1B | $4.9B | -8.1% |
| FY2022 | $43.7B | $6.9B | +1.3% |
| FY2021 | $43.1B | $7.1B | +24.5% |
| FY2020 | $34.6B | $4.5B | +8.5% |
| FY2019 | $31.9B | $3.7B | +4.3% |
| FY2018 | $30.6B | $2.4B | +11.6% |
| FY2017 | $27.4B | $475M | +31.3% |
| FY2016 | $20.9B | $1.4B | +2.2% |
| FY2015 | $20.4B | $4.4B | — |
Click any row to see year details.
Keep researching Abbott Laboratories
Abbott Laboratories Revenue and Financial FAQ
What was Abbott's latest reported annual revenue?
In its latest audited financial reporting period, Abbott Laboratories recorded consolidated net revenue of $40,331,000,000, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Abbott Laboratories?
Abbott generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings of $5.6 billion and superior return on equity throughout changing economic cycles.
What is Abbott's capital and liquidity position?
Abbott maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and asset totals exceeding $81.2 billion that provide substantial safety margins above statutory requirements.
Does Abbott distribute capital to shareholders?
Abbott executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Abbott Laboratories Revenue & Financials." CorpDigest, https://corpdigest.com/company/abbott-laboratories/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Abbott Laboratories reported $40.3B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/abbott-laboratories/financials" target="_blank" rel="noopener">CorpDigest — Abbott Laboratories financials</a></div>Related Financial Audits
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