Viatris (VTRS) financials
Viatris revenue and earnings by year
Viatris's revenue was $14.3 billion in the fiscal year to December 31, 2025, down 3.0% from the year before. Net income was -$3.51 billion, -24.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.3 | 14.7 | 15.4 | 16.3 | 17.9 | 11.9 | 11.5 | 11.4 | 11.9 | 11.1 |
| Revenue growth | -3.0% | -4.5% | -5.1% | -9.1% | 49.7% | 3.9% | 0.6% | -4.0% | 7.5% | — |
| Gross profit | 5.0 | 5.6 | 6.4 | 6.5 | 5.6 | 3.8 | 3.9 | 4.0 | 4.8 | 4.7 |
| Gross margin | 35.1% | 38.2% | 41.7% | 40.0% | 31.2% | 31.8% | 33.9% | 35.0% | 40.2% | 42.4% |
| Operating income | -2.7 | 0.0 | 0.8 | 1.6 | -0.0 | -0.2 | 0.7 | 0.9 | 1.4 | 0.7 |
| Operating margin | -18.6% | 0.1% | 5.0% | 9.9% | -0.2% | -1.8% | 6.2% | 7.9% | 12.1% | 6.3% |
| Net income | -3.5 | -0.6 | 0.1 | 2.1 | -1.3 | -0.7 | 0.0 | 0.4 | 0.7 | 0.5 |
| Net margin | -24.6% | -4.3% | 0.4% | 12.8% | -7.1% | -5.6% | 0.1% | 3.1% | 5.8% | 4.3% |
| Diluted EPS | -$3.00 | -$0.53 | $0.05 | $1.71 | -$1.05 | -$1.11 | $0.03 | $0.68 | $1.29 | $0.93 |
| Free cash flow | 2.0 | 2.0 | 2.5 | 2.6 | 2.6 | 1.0 | 1.6 | 2.1 | 1.8 | 1.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VTRS in Markets.
How Viatris makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Developed Markets | $2.20B | 58.6% |
| Greater China | $714M | 19.0% |
| Emerging Markets | $544M | 14.5% |
| Japan Australia & New Zealand | $296M | 7.9% |
See also: VTRS returns
No forecast, no recommendation. This page describes Viatris from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.