AbbVie

ABBV Q1 2025 Earnings

Reported Apr 25, 2025 at 7:48 AM ET · SEC Source

Q1 25 EPS

$2.46

BEAT +2.62%

Est. $2.40

Q1 25 Revenue

$13.34B

BEAT +3.27%

Est. $12.92B

vs S&P Since Q1 25

-16.2%

TRAILING MARKET

ABBV +14.7% vs S&P +30.9%

Market Reaction

Did ABBV Beat Earnings? Q1 2025 Results

AbbVie opened 2025 on solid footing, posting first-quarter revenue of $13.34 billion, up 8.4% year over year and ahead of the $12.92 billion consensus estimate by 3.27%, while adjusted diluted EPS of $2.46 beat the $2.40 Wall Street forecast by 2.62%… Read more AbbVie opened 2025 on solid footing, posting first-quarter revenue of $13.34 billion, up 8.4% year over year and ahead of the $12.92 billion consensus estimate by 3.27%, while adjusted diluted EPS of $2.46 beat the $2.40 Wall Street forecast by 2.62%. The immunology franchise was the clear engine of growth, generating $6.26 billion in revenue as Skyrizi surged 70.5% to $3.42 billion and Rinvoq climbed 57.2% to $1.72 billion, more than compensating for Humira's continued biosimilar-driven erosion. Neuroscience also contributed meaningfully, rising 16.1% to $2.28 billion, though aesthetics remained a soft spot, declining 11.7% to $1.10 billion on weaker consumer demand for Botox Cosmetic and Juvederm. AbbVie used the strong quarter to lift its full-year 2025 adjusted diluted EPS guidance to a range of $12.09 to $12.29, though management noted the outlook excludes any impact from potential pharmaceutical tariffs, a topic on which the company has publicly advocated for tax reform over trade measures as the more effective lever for expanding U.S. Manufacturing.

Key Takeaways

  • Skyrizi revenue growth of 70.5% driven by strong demand across indications
  • Rinvoq revenue growth of 57.2% with expanding indications including GCA approval in EU
  • Neuroscience portfolio growth of 16.1% led by Botox Therapeutic and migraine franchise
  • U.S. net revenues grew 10.4% year-over-year
  • Creon revenue grew 24.6% year-over-year
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ABBV YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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ABBV Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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ABBV Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“AbbVie's first-quarter results were well ahead of our expectations and reflect an excellent start to the year.”

— Robert A. Michael, Q1 2025 Earnings Press Release