•
Mar 31

AbbVie Q1 2025 Earnings Report

AbbVie reported solid first-quarter results with revenue and adjusted EPS growth.

Key Takeaways

AbbVie beat expectations in Q1 2025 with strong revenue growth led by Immunology and Neuroscience, despite challenges in the Aesthetics segment.

Revenue rose 8.4% year-over-year to $13.343 billion.

Adjusted EPS grew to $2.46, supported by Immunology and Neuroscience portfolios.

Net Income was $1.286 billion, slightly down from the prior year.

Raised 2025 full-year adjusted EPS guidance to $12.09–$12.29.

Total Revenue
$13.3B
Previous year: $12.3B
+8.4%
EPS
$2.46
Previous year: $2.31
+6.5%
Gross Margin
70%
Adjusted Gross Margin
84.1%
SG&A Expense
$3.29B
Gross Profit
$11.2B
Previous year: $8.23B
+36.1%
Free Cash Flow
$1.4B
Previous year: $3.85B
-63.6%

AbbVie

AbbVie

AbbVie Revenue by Segment

AbbVie Revenue by Geographic Location

Forward Guidance

AbbVie raised its full-year 2025 adjusted diluted EPS guidance to $12.09–$12.29, reflecting a stronger operational outlook and successful pipeline execution.

Positive Outlook

  • Raised full-year 2025 adjusted EPS guidance.
  • Strong growth in Skyrizi and Rinvoq sales.
  • Neuroscience portfolio posted solid gains.
  • Pipeline advancements, including Rinvoq and Elahere approvals.
  • Strategic investments and collaborations strengthened portfolio.

Challenges Ahead

  • Aesthetics segment revenues declined significantly.
  • Ongoing revenue pressure from Humira biosimilars.
  • Net interest expense increased versus prior year.
  • Operating margin compressed on a GAAP basis.
  • Global macroeconomic uncertainties remain a risk.

Revenue & Expenses

Visualization of income flow from segment revenue to net income