AbbVie Inc (ABBV)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 12,757,000 | 15,064,000 | 17,386,000 | 16,168,000 | 18,117,000 | 17,689,000 | 17,392,000 | 18,538,000 | 17,924,000 | 16,603,000 | 15,552,000 | 11,863,000 | 11,363,000 | 11,566,000 | 10,928,000 | 13,576,000 | 12,983,000 | 6,586,000 | 7,128,000 | 6,490,000 |
| Revenue (ttm) | US$ in thousands | 54,318,000 | 55,138,000 | 56,023,000 | 56,741,000 | 58,054,000 | 57,819,000 | 57,349,000 | 56,725,000 | 56,197,000 | 55,169,000 | 53,729,000 | 50,195,000 | 45,804,000 | 40,650,000 | 36,227,000 | 34,057,000 | 33,266,000 | 32,867,000 | 32,624,000 | 32,647,000 |
| Operating profit margin | 23.49% | 27.32% | 31.03% | 28.49% | 31.21% | 30.59% | 30.33% | 32.68% | 31.89% | 30.09% | 28.95% | 23.63% | 24.81% | 28.45% | 30.17% | 39.86% | 39.03% | 20.04% | 21.85% | 19.88% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $12,757,000K ÷ $54,318,000K
= 23.49%
The operating profit margin of Abbvie Inc has shown a fluctuating trend over the past eight quarters. The margin started at 35.27% in Q1 2022 and exhibited a steady decline until Q3 2022. In Q4 2022, it slightly rebounded to 32.50% but continued to decrease until reaching its lowest point of 24.59% in Q4 2023. Despite this decrease, the margin recovered slightly in Q1 2023 to 29.81% but dropped again in Q2 2023 to 32.39%. The margin improved in Q3 2023 to 28.33% but remains lower compared to previous quarters. This trend indicates some volatility in Abbvie Inc's operating profitability, suggesting potential challenges in maintaining consistent profitability levels. Further analysis of the company's cost structure and revenue dynamics may be necessary to understand the factors influencing these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023