Abbott Reports Third-Quarter 2025 Results and Reaffirms Full-Year Guidance
ABBOTT PARK, Ill., Oct. 15, 2025 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the third quarter ended Sept. 30, 2025.
"Our third-quarter results demonstrate our ability to deliver consistent, high-quality performance," said Robert B. Ford, chairman and chief executive officer, Abbott. "Our differentiated product pipeline continues to power our performance and positions Abbott to deliver durable long-term value to our shareholders."
THIRD-QUARTER BUSINESS OVERVIEW
Management believes that measuring sales growth rates on an organic basis, which excludes the impact of foreign exchange and the impact of discontinuing the ZonePerfect ® product line in the Nutrition business, is an appropriate way for investors to best understand the core underlying performance of the business. Management further believes that measuring sales growth rates on an organic basis excluding COVID-19 tests is an appropriate way for investors to best understand the underlying performance of the company as the demand for COVID-19 tests has significantly declined following the transition from a pandemic to endemic phase.
Note: In order to compute results excluding the impact of exchange rates, current year U.S. dollar sales are multiplied or divided, as appropriate, by the current year average foreign exchange rates and then those amounts are multiplied or divided, as appropriate, by the prior year average foreign exchange rates.
Third Quarter 2025 Results (3Q25)
Sales 3Q25 ($ in millions)
Total Company
Nutrition
Diagnostics
Established
Pharmaceuticals
Medical
Devices
U.S.
4,299
888
886
—
2,521
International
7,070
1,265
1,367
1,511
2,927
Total reported
11,369
2,153
2,253
1,511
5,448
% Change vs. 3Q24
U.S.
2.3
(6.5)
(14.1)
n/a
13.8
International
9.9
13.3
(1.0)
7.5
15.6
Total reported
6.9
4.2
(6.6)
7.5
14.8
Impact of foreign exchange
1.4
0.2
1.2
0.4
2.3
Organic
5.5
4.0
(7.8)
7.1
12.5
Impact of COVID-19 testing sales 1
(2.0)
—
(8.2)
—
—
Organic (excluding COVID-19 tests)
7.5
4.0
0.4
7.1
12.5
Organic
U.S.
2.3
(6.5)
(14.1)
n/a
13.8
International
7.6
13.0
(3.1)
7.1
11.3
First Nine Months 2025 Results (9M25)
Sales 9M25 ($ in millions)
Total Company
Nutrition
Diagnostics
Established
Pharmaceuticals
Medical
Devices
U.S.
12,743
2,800
2,568
—
7,363
International
20,126
3,711
3,912
4,154
8,349
Total reported
32,869
6,511
6,480
4,154
15,712
% Change vs. 9M24
U.S.
6.4
1.4
(7.4)
n/a
14.4
International
6.0
5.3
(3.3)
5.8
11.3
Total reported
6.1
3.6
(5.0)
5.8
12.8
Impact of foreign exchange
(0.3)
(0.9)
(0.2)
(1.7)
0.4
Impact of business exit*
—
(0.2)
—
—
—
Organic
6.4
4.7
(4.8)
7.5
12.4
Impact of COVID-19 testing sales 2
(1.3)
—
(5.4)
—
—
Organic (excluding COVID-19 tests)
7.7
4.7
0.6
7.5
12.4
Organic
U.S.
6.5
1.9
(7.4)
n/a
14.4
International
6.4
6.9
(3.0)
7.5
10.7
Refer to table titled "Non-GAAP Revenue Reconciliation" for a reconciliation of adjusted historical revenue to reported revenue.
*Reflects the impact of discontinuing the ZonePerfect ® product line in the Nutrition business in March 2024.
Nutrition
Third Quarter 2025 Results (3Q25)
Sales 3Q25 ($ in millions)
Total
Pediatric
Adult
U.S.
888
520
368
International
1,265
457
808
Total reported
2,153
977
1,176
% Change vs. 3Q24
U.S.
(6.5)
(8.4)
(3.8)
International
13.3
17.9
10.9
Total reported
4.2
2.3
5.8
Impact of foreign exchange
0.2
(0.1)
0.4
Organic
4.0
2.4
5.4
U.S.
(6.5)
(8.4)
(3.8)
International
13.0
18.2
10.2
Worldwide Nutrition sales increased 4.2 percent on a reported basis and 4.0 percent on an organic basis in the third quarter.
Growth in the quarter was led by Adult Nutrition, where sales increased 5.8 percent on a reported basis and 5.4 percent on an organic basis, led by strong growth of Ensure ®, Abbott's market-leading complete and balanced nutrition brand, and Glucerna ®, Abbott's market-leading brand of products designed to meet the nutritional requirements for people with diabetes.
First Nine Months 2025 Results (9M25)
Sales 9M25 ($ in millions)
Total
Pediatric
Adult
U.S.
2,800
1,695
1,105
International
3,711
1,377
2,334
Total reported
6,511
3,072
3,439
% Change vs. 9M24
U.S.
1.4
3.0
(0.9)
International
5.3
—
8.8
Total reported
3.6
1.6
5.5
Impact of foreign exchange
(0.9)
(0.9)
(0.9)
Impact of business exit*
(0.2)
—
(0.4)
Organic
4.7
2.5
6.8
U.S.
1.9
3.0
0.3
International
6.9
1.8
10.2
*Reflects the impact of discontinuing the ZonePerfect ® product line in the Nutrition business in March 2024.
Diagnostics
Third Quarter 2025 Results (3Q25)
Sales 3Q25 ($ in millions)
Total
Core Laboratory
Molecular
Point of Care
Rapid
Diagnostics
U.S.
886
366
36
111
373
International
1,367
998
95
47
227
Total reported
2,253
1,364
131
158
600
% Change vs. 3Q24
U.S.
(14.1)
10.4
(1.5)
7.9
(33.5)
International
(1.0)
1.6
4.3
8.9
(14.2)
Total reported
(6.6)
3.8
2.6
8.2
(27.3)
Impact of foreign exchange
1.2
1.6
1.8
0.4
0.4
Organic
(7.8)
2.2
0.8
7.8
(27.7)
U.S.
(14.1)
10.4
(1.5)
7.9
(33.5)
International
(3.1)
(0.6)
1.7
7.7
(15.6)
Global Diagnostics sales decreased 6.6 percent on a reported basis, decreased 7.8 percent on an organic basis, and increased 0.4 percent when excluding COVID-19 testing-related sales 1.
COVID-19 testing-related sales were $69 million in the quarter, compared to $265 million in the third quarter of the prior year.
Global Core Laboratory Diagnostics sales increased 3.8 percent on a reported basis and increased 2.2 percent on an organic basis. Growth in the quarter was impacted by challenging market conditions in China, including the impact of volume-based procurement programs.
First Nine Months 2025 Results (9M25)
Sales 9M25 ($ in millions)
Total
Core Laboratory
Molecular
Point of Care
Rapid
Diagnostics
U.S.
2,568
1,049
111
315
1,093
International
3,912
2,850
265
133
664
Total reported
6,480
3,899
376
448
1,757
% Change vs. 9M24
U.S.
(7.4)
8.3
(0.5)
2.4
(21.2)
International
(3.3)
(1.0)
(2.7)
(0.1)
(12.9)
Total reported
(5.0)
1.3
(2.0)
1.7
(18.2)
Impact of foreign exchange
(0.2)
(0.3)
—
(0.1)
(0.2)
Organic
(4.8)
1.6
(2.0)
1.8
(18.0)
U.S.
(7.4)
8.3
(0.5)
2.4
(21.2)
International
(3.0)
(0.7)
(2.7)
0.3
(12.4)
Established Pharmaceuticals
Third Quarter 2025 Results (3Q25)
Sales 3Q25 ($ in millions)
Total
Key Emerging
Markets
Other
U.S.
—
—
—
International
1,511
1,097
414
Total reported
1,511
1,097
414
% Change vs. 3Q24
U.S.
n/a
n/a
n/a
International
7.5
10.3
0.6
Total reported
7.5
10.3
0.6
Impact of foreign exchange
0.4
(0.8)
3.1
Organic
7.1
11.1
(2.5)
U.S.
n/a
n/a
n/a
International
7.1
11.1
(2.5)
Established Pharmaceuticals sales increased 7.5 percent on a reported basis and 7.1 percent on an organic basis in the third quarter.
Key Emerging Markets include several emerging countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. Sales in these geographies increased 10.3 percent on a reported basis and 11.1 percent on an organic basis, led by double-digit growth in several countries across Asia, Latin America and the Middle East.
First Nine Months 2025 Results (9M25)
Sales 9M25 ($ in millions)
Total
Key Emerging
Markets
Other
U.S.
—
—
—
International
4,154
3,121
1,033
Total reported
4,154
3,121
1,033
% Change vs. 9M24
U.S.
n/a
n/a
n/a
International
5.8
7.3
1.7
Total reported
5.8
7.3
1.7
Impact of foreign exchange
(1.7)
(2.4)
0.5
Organic
7.5
9.7
1.2
U.S.
n/a
n/a
n/a
International
7.5
9.7
1.2
Medical Devices
Third Quarter 2025 Results (3Q25)
Sales 3Q25 ($ in millions)
Total
Rhythm
Management
Electro-
physiology
Heart
Failure
Vascular
Structural
Heart
Neuro-
modulation
Diabetes
Care
U.S.
2,521
350
322
280
280
297
196
796
International
2,927
336
383
86
465
338
58
1,261
Total reported
5,448
686
705
366
745
635
254
2,057
% Change vs. 3Q24
U.S.
13.8
21.1
13.2
10.7
8.5
10.1
3.3
18.4
International
15.6
9.3
17.6
22.6
5.5
16.9
24.9
19.9
Total reported
14.8
15.0
15.6
13.3
6.6
13.6
7.6
19.3
Impact of foreign exchange
2.3
2.0
1.9
1.2
1.9
2.3
0.8
3.1
Organic
12.5
13.0
13.7
12.1
4.7
11.3
6.8
16.2
U.S.
13.8
21.1
13.2
10.7
8.5
10.1
3.3
18.4
International
11.3
5.5
14.1
17.2
2.5
12.4
21.2
14.7
Worldwide Medical Devices sales increased 14.8 percent on a reported basis and 12.5 percent on an organic basis in the third quarter.
Sales growth in the quarter was led by double-digit growth in Diabetes Care, Electrophysiology, Rhythm Management, Heart Failure and Structural Heart.
In Diabetes Care, sales of continuous glucose monitors were $2.0 billion and grew 20.5 percent on a reported basis and 17.2 percent on an organic basis.
First Nine Months 2025 Results (9M25)
Sales 9M25 ($ in millions)
Total
Rhythm
Management
Electro-
physiology
Heart
Failure
Vascular
Structural
Heart
Neuro-
modulation
Diabetes
Care
U.S.
7,363
994
943
824
831
868
565
2,338
International
8,349
950
1,091
249
1,381
980
171
3,527
Total reported
15,712
1,944
2,034
1,073
2,212
1,848
736
5,865
% Change vs. 9M24
U.S.
14.4
16.7
12.2
12.4
5.6
14.1
0.3
23.2
International
11.3
3.9
10.9
15.9
4.2
11.8
20.6
15.9
Total reported
12.8
10.1
11.5
13.2
4.7
12.9
4.4
18.7
Impact of foreign exchange
0.4
0.4
0.2
0.3
0.1
0.4
(0.1)
0.6
Organic
12.4
9.7
11.3
12.9
4.6
12.5
4.5
18.1
U.S.
14.4
16.7
12.2
12.4
5.6
14.1
0.3
23.2
International
10.7
3.2
10.5
14.6
4.0
11.2
20.8
14.9
ABBOTT'S FINANCIAL GUIDANCE
Abbott reaffirms previously provided full-year 2025 organic sales growth guidance of 7.5% to 8.0%, excluding COVID-19 testing-related sales, or 6.0% to 7.0%, when including COVID-19 testing-related sales. Abbott also reaffirms the midpoint of the previously provided full-year 2025 adjusted diluted EPS guidance range and narrows the range to $5.12 to $5.18, which reflects double-digit growth at the midpoint.
Abbott has not provided the related GAAP financial measures on a forward-looking basis for these forward-looking non-GAAP financial measures because the company is unable to predict with reasonable certainty and without unreasonable effort the timing and impact of certain items such as restructuring and cost reduction initiatives, charges for intangible asset impairments, acquisition-related expenses, and foreign exchange, which could significantly impact Abbott's results in accordance with GAAP.
ABBOTT DECLARES 407 th CONSECUTIVE QUARTERLY DIVIDEND
On Sept. 19, 2025, the board of directors of Abbott declared the company's quarterly dividend of $0.59 per share. Abbott's cash dividend is payable Nov. 17, 2025, to shareholders of record at the close of business on Oct. 15, 2025.
Abbott has increased its dividend payout for 53 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.
About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Connect with us at w ww.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube.
Abbott will live-webcast its third-quarter earnings conference call through its Investor Relations website at www.abbottinvestor.com at 8 a.m. Central time today. An archived edition of the webcast will be available later in the day.
— Private Securities Litigation Reform Act of 1995 —
A Caution Concerning Forward-Looking Statements
Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Abbott cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, and are incorporated herein by reference. Abbott undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
1.
In the third quarter of 2025, total worldwide sales were $11.369 billion, total Diagnostics sales were $2.253 billion and COVID-19 testing-related sales were $69 million. In the third quarter of 2024, total worldwide sales were $10.635 billion, total Diagnostics sales were $2.412 billion and COVID-19 testing-related sales were $265 million.
2.
In the first nine months of 2025, total worldwide sales were $32.869 billion, total Diagnostics sales were $6.480 billion and COVID-19 testing-related sales were $208 million. In the first nine months of 2024, total worldwide sales were $30.976 billion, total Diagnostics sales were $6.821 billion and COVID-19 testing-related sales were $571 million.
Abbott Laboratories and Subsidiaries
Condensed Consolidated Statement of Earnings
Third Quarter Ended September 30, 2025 and 2024
(in millions, except per share data)
(unaudited)
3Q25
3Q24
% Change
Net Sales
$11,369
$10,635
6.9
Cost of products sold, excluding amortization expense
5,075
4,698
8.0
Amortization of intangible assets
420
470
(10.8)
Research and development
766
713
7.5
Selling, general, and administrative
3,051
2,895
5.4
Total Operating Cost and Expenses
9,312
8,776
6.1
Operating Earnings
2,057
1,859
10.6
Interest expense, net
44
51
(12.6)
Net foreign exchange (gain) loss
(17)
(11)
n/m
Other (income) expense, net
(150)
(121)
23.7
Earnings before taxes
2,180
1,940
12.3
Taxes on earnings
536
294
82.0
1)
Net Earnings
$1,644
$1,646
(0.1)
Net Earnings excluding Specified Items, as described below
$2,278
$2,119
7.5
2)
Diluted Earnings per Common Share
$0.94
$0.94
—
Diluted Earnings per Common Share,
excluding Specified Items, as described below
$1.30
$1.21
7.4
2)
Average Number of Common Shares Outstanding
Plus Dilutive Common Stock Options
1,749
1,748
NOTES:
See table titled "Non-GAAP Reconciliation of Financial Information" for an explanation of certain non-GAAP financial information.
n/m = Percent change is not meaningful.
See footnotes on the following section.
1)
2025 Taxes on Earnings also includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2)
2025 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $634 million, or $0.36 per share, for intangible amortization, charges related to restructuring and cost reduction initiatives, and other net expenses.
2024 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $473 million, or $0.27 per share, for intangible amortization, charges related to intangible impairment, expenses associated with acquisitions and a divestiture, and other net expenses.
Abbott Laboratories and Subsidiaries
Condensed Consolidated Statement of Earnings
Nine Months Ended September 30, 2025 and 2024
(in millions, except per share data)
(unaudited)
9M25
9M24
% Change
Net Sales
$32,869
$30,976
6.1
Cost of products sold, excluding amortization expense
14,397
13,764
4.6
Amortization of intangible assets
1,260
1,413
(10.8)
Research and development
2,207
2,095
5.4
Selling, general, and administrative
9,203
8,790
4.7
Total Operating Cost and Expenses
27,067
26,062
3.9
Operating Earnings
5,802
4,914
18.1
Interest expense, net
143
170
(15.3)
Net foreign exchange (gain) loss
(35)
(17)
n/m
Other (income) expense, net
(414)
(222)
86.8
Earnings before taxes
6,108
4,983
22.6
Taxes on earnings
1,360
810
67.7
1)
Net Earnings
$4,748
$4,173
13.8
Net Earnings excluding Specified Items, as described below
$6,410
$5,851
9.6
2)
Diluted Earnings per Common Share
$2.70
$2.38
13.4
Diluted Earnings per Common Share,
excluding Specified Items, as described below
$3.65
$3.33
9.6
2)
Average Number of Common Shares Outstanding
Plus Dilutive Common Stock Options
1,749
1,749
NOTES:
See table titled "Non-GAAP Reconciliation of Financial Information" for an explanation of certain non-GAAP financial information.
n/m = Percent change is not meaningful.
See footnotes on the following section.
1)
2025 Taxes on Earnings includes the recognition of approximately $90 million of net tax benefit as a result of the resolution of various tax positions related to prior years. 2025 Taxes on Earnings also includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
2024 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense as a result of the resolution of various tax positions related to prior years.
2)
2025 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.662 billion, or $0.95 per share, for intangible amortization, charges related to investment impairments, charges related to restructuring and cost reduction initiatives, expenses associated with acquisitions, and other net expenses.
2024 Net Earnings and Diluted Earnings per Common Share, excluding Specified Items, excludes net after-tax charges of $1.678 billion, or $0.95 per share, for intangible amortization, charges related to intangible impairment, charges related to restructuring and cost reduction initiatives, expenses associated with acquisitions and a divestiture, and other net expenses.
Abbott Laboratories and Subsidiaries
Non-GAAP Reconciliation of Financial Information
Third Quarter Ended September 30, 2025 and 2024
(in millions, except per share data)
(unaudited)
3Q25
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 420
$ (420)
$ —
Gross Margin
5,874
470
6,344
R&D
766
(36)
730
SG&A
3,051
(47)
3,004
Other (income) expense, net
(150)
5
(145)
Earnings before taxes
2,180
548
2,728
Taxes on Earnings
536
(86)
450
Net Earnings
1,644
634
2,278
Diluted Earnings per Share
$ 0.94
$ 0.36
$ 1.30
Specified items reflect intangible amortization expense of $420 million and other net expenses of $128 million associated with restructuring actions, costs associated with acquisitions, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
3Q24
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 470
$ (470)
$ —
Gross Margin
5,467
516
5,983
R&D
713
(19)
694
SG&A
2,895
(5)
2,890
Other (income) expense, net
(121)
(12)
(133)
Earnings before taxes
1,940
552
2,492
Taxes on Earnings
294
79
373
Net Earnings
1,646
473
2,119
Diluted Earnings per Share
$ 0.94
$ 0.27
$ 1.21
Specified items reflect intangible amortization expense of $470 million and other net expenses of $82 million associated with charges related to intangible impairment, acquisitions, a divestiture and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
Abbott Laboratories and Subsidiaries
Non-GAAP Reconciliation of Financial Information
Nine Months Ended September 30, 2025 and 2024
(in millions, except per share data)
(unaudited)
9M25
As
Reported
(GAAP)
Specified
Items
As
Adjusted
Intangible Amortization
$ 1,260
$ (1,260)
$ —
Gross Margin
17,212
1,396
18,608
R&D
2,207
(83)
2,124
SG&A
9,203
(58)
9,145
Other (income) expense, net
(414)
(31)
(445)
Earnings before taxes
6,108
1,568
7,676
Taxes on Earnings
1,360
(94)
1,266
Net Earnings
4,748
1,662
6,410
Diluted Earnings per Share
$ 2.70
$ 0.95
$ 3.65
Specified items reflect intangible amortization expense of $1.260 billion and other net expenses of $308 million associated with restructuring actions, acquisitions, investment impairment charges, and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
9M24
As
Reported
(GAAP)
Specified Items
As
Adjusted
Intangible Amortization
$ 1,413
$ (1,413)
$ —
Gross Margin
15,799
1,540
17,339
R&D
2,095
(81)
2,014
SG&A
8,790
(96)
8,694
Other (income) expense, net
(222)
(183)
(405)
Earnings before taxes
4,983
1,900
6,883
Taxes on Earnings
810
222
1,032
Net Earnings
4,173
1,678
5,851
Diluted Earnings per Share
$ 2.38
$ 0.95
$ 3.33
Specified items reflect intangible amortization expense of $1.413 billion and other net expenses of $487 million associated with restructuring actions, acquisitions, a divestiture and other net expenses. See table titled "Details of Specified Items" for additional details regarding specified items.
A reconciliation of the third-quarter tax rates for 2025 and 2024 is shown below:
3Q25
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 2,180
$ 536
24.6 %
1)
Specified items
548
(86)
Excluding specified items
$ 2,728
$ 450
16.5 %
3Q24
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 1,940
$ 294
15.2 %
Specified items
552
79
Excluding specified items
$ 2,492
$ 373
15.0 %
1)
2025 Taxes on Earnings also includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
A reconciliation of the year-to-date tax rates for 2025 and 2024 is shown below:
9M25
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 6,108
$ 1,360
22.3 %
2)
Specified items
1,568
(94)
Excluding specified items
$ 7,676
$ 1,266
16.5 %
9M24
($ in millions)
Pre-Tax
Income
Taxes on
Earnings
Tax
Rate
As reported (GAAP)
$ 4,983
$ 810
16.3 %
3)
Specified items
1,900
222
Excluding specified items
$ 6,883
$ 1,032
15.0 %
2)
2025 Taxes on Earnings includes the recognition of approximately $90 million of net tax benefit as a result of the resolution of various tax positions related to prior years. 2025 Taxes on Earnings also includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
3)
2024 Taxes on Earnings includes the recognition of approximately $35 million of net tax expense as a result of the resolution of various tax positions related to prior years.
Abbott Laboratories and Subsidiaries
Non-GAAP Revenue Reconciliation
Nine Months Ended September 30, 2025 and 2024
($ in millions)
(unaudited)
9M25
9M24
% Change vs. 9M24
Non-GAAP
Abbott
Reported
Abbott
Reported
Impact
from
business
exit (a)
Adjusted
Revenue
Reported
Adjusted
Organic
Total Company
32,869
30,976
(13)
30,963
6.1
6.1
6.4
U.S.
12,743
11,982
(13)
11,969
6.4
6.5
6.5
Intl
20,126
18,994
—
18,994
6.0
6.0
6.4
Total Nutrition
6,511
6,284
(13)
6,271
3.6
3.8
4.7
U.S.
2,800
2,761
(13)
2,748
1.4
1.9
1.9
Intl
3,711
3,523
—
3,523
5.3
5.3
6.9
Adult Nutrition
3,439
3,261
(13)
3,248
5.5
5.9
6.8
U.S.
1,105
1,115
(13)
1,102
(0.9)
0.3
0.3
Intl
2,334
2,146
—
2,146
8.8
8.8
10.2
(a)
Reflects the impact of discontinuing the ZonePerfect ® product line in the Nutrition business. This action was initiated in March 2024.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Third Quarter Ended September 30, 2025
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ —
$ 44
$ 420
$ 6
$ 470
R&D
—
(19)
—
(17)
(36)
SG&A
(9)
(43)
—
5
(47)
Other (income) expense, net
7
—
—
(2)
5
Earnings before taxes
$ 2
$ 106
$ 420
$ 20
548
Taxes on Earnings (d)
(86)
Net Earnings
$ 634
Diluted Earnings per Share
$ 0.36
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products.
d)
Reflects the net tax benefit associated with the specified items. Taxes on Earnings includes approximately $160 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Third Quarter Ended September 30, 2024
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ —
$ 2
$ 470
$ 44
$ 516
R&D
—
—
—
(19)
(19)
SG&A
(7)
2
—
—
(5)
Other (income) expense, net
(5)
—
—
(7)
(12)
Earnings before taxes
$ 12
$ —
$ 470
$ 70
552
Taxes on Earnings (d)
79
Net Earnings
$ 473
Diluted Earnings per Share
$ 0.27
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the European Union's Medical Device Regulations (MDR) and In Vitro Diagnostics Medical Device Regulations (IVDR) requirements for previously approved products and investment and intangible asset impairment charges.
d)
Reflects the net tax benefit associated with the specified items.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Nine Months Ended September 30, 2025
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ 1
$ 125
$ 1,260
$ 10
$ 1,396
R&D
(1)
(42)
—
(40)
(83)
SG&A
(15)
(49)
—
6
(58)
Other (income) expense, net
(18)
—
—
(13)
(31)
Earnings before taxes
$ 35
$ 216
$ 1,260
$ 57
1,568
Taxes on Earnings (d)
(94)
Net Earnings
$ 1,662
Diluted Earnings per Share
$ 0.95
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the MDR and IVDR regulations for previously approved products and charges for investment impairments.
d)
Reflects the net tax benefit associated with the specified items and recognition of a tax benefit as a result of the resolution of various tax positions related to prior years. Taxes on Earnings includes approximately $460 million in adjustments related to prior recognition of a significant non-cash deferred tax benefit.
Abbott Laboratories and Subsidiaries
Details of Specified Items
Nine Months Ended September 30, 2024
(in millions, except per share data)
(unaudited)
Acquisition or
Divestiture-
related (a)
Restructuring
and Cost
Reduction
Initiatives (b)
Intangible
Amortization
Other (c)
Total
Specifieds
Gross Margin
$ 2
$ 76
$ 1,413
$ 49
$ 1,540
R&D
(4)
(1)
—
(76)
(81)
SG&A
(32)
(17)
—
(47)
(96)
Other (income) expense, net
(140)
—
—
(43)
(183)
Earnings before taxes
$ 178
$ 94
$ 1,413
$ 215
1,900
Taxes on Earnings (d)
222
Net Earnings
$ 1,678
Diluted Earnings per Share
$ 0.95
The table above provides additional details regarding the specified items described on table titled "Non-GAAP Reconciliation of Financial Information."
a)
Includes the loss on the sale of a non-core business. Acquisition-related expenses include integration costs, which represent incremental costs directly related to integrating acquired businesses, as well as other costs related to business acquisitions.
b)
Restructuring and cost reduction initiative expenses include severance, outplacement and other direct costs associated with specific restructuring plans and cost reduction initiatives.
c)
Other includes incremental costs to comply with the MDR and IVDR regulations for previously approved products and charges for investment and intangible asset impairments.
d)
Reflects the net tax benefit associated with the specified items and tax expense as a result of the resolution of various tax positions related to prior years.
SOURCE Abbott