Johnson & Johnson

JNJ Q4 2025 Earnings

Reported Jan 21, 2026 at 7:46 AM ET · SEC Source

Q4 25 EPS

$2.46

BEAT +0.00%

Est. $2.46

Q4 25 Revenue

$24.56B

vs S&P Since Q4 25

+0.8%

BEATING MARKET

JNJ +5.4% vs S&P +4.6%

Full Year 2025 Results

FY 25 EPS

$10.79

MISS 0.13%

Est. $10.80

FY 25 Revenue

$94.19B

BEAT +0.46%

Est. $93.76B

Market Reaction

Did JNJ Beat Earnings? Q4 2025 Results

Johnson & Johnson closed out 2025 on a high note, reporting Q4 revenue of $24.56 billion, up 9.1% year-over-year and ahead of the $24.13 billion Wall Street had expected, while adjusted EPS of $2.46 matched consensus exactly, representing a 20.6% jum… Read more Johnson & Johnson closed out 2025 on a high note, reporting Q4 revenue of $24.56 billion, up 9.1% year-over-year and ahead of the $24.13 billion Wall Street had expected, while adjusted EPS of $2.46 matched consensus exactly, representing a 20.6% jump from the prior-year period. The standout driver was the Innovative Medicine segment, where oncology powerhouse DARZALEX surged 26.6% to $3.90 billion and TREMFYA soared 67.6% to $1.59 billion, more than offsetting a steep 47.7% decline in STELARA amid biosimilar pressure. MedTech contributed meaningfully as well, with cardiovascular sales climbing 11.5% to $2.30 billion, a gain that comes as J&J makes inroads in electrophysiology, adding competitive pressure on rivals in the pulsed field ablation space. Full-year sales reached $94.19 billion, and management is guiding for roughly $100.50 billion in 2026 revenue alongside adjusted EPS of $11.53, projections that reflect confidence in a diversified growth trajectory anchored by oncology momentum and a planned Orthopaedics separation.

Key Takeaways

  • DARZALEX, CARVYKTI, ERLEADA, and RYBREVANT/LAZCLUZE driving Oncology growth
  • TREMFYA and SIMPONI/SIMPONI ARIA driving Immunology growth despite STELARA biosimilar erosion
  • SPRAVATO and CAPLYTA driving Neuroscience growth
  • Electrophysiology products and Abiomed driving MedTech Cardiovascular growth
  • Wound closure products driving General Surgery growth
  • Shockwave acquisition contributing to MedTech growth
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JNJ YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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JNJ Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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JNJ Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“2025 was a catapult year for Johnson & Johnson, fueled by the strongest portfolio and pipeline in our history”

— Joaquin Duato, Q4 2025 Earnings Press Release