Abbott (ABT) Q3 2025 Financial Results Summary
Abbott Laboratories released its third-quarter financial results on October 15, 2025, reporting strong sales growth across its various business segments. The following is a summary of the key financial metrics and highlights from the report.
Financial Highlights
- Sales Growth
- Total reported sales increased 6.9% compared to Q3 2024.
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Organic sales growth was 5.5% or 7.5% excluding COVID-19 testing-related sales.
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Earnings Per Share (EPS)
- GAAP diluted EPS remained stable at $0.94.
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Adjusted diluted EPS increased to $1.30, a growth of 7.4% compared to $1.21 in Q3 2024.
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Operating Margin
- Reported operating margin stood at 18.1% of sales.
- Adjusted operating margin improved to 23.0%, reflecting a 40 basis point increase from the previous year.
Segment Performance
- Nutrition
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Total sales in the Nutrition segment were $2.153 billion, growing 4.2% YoY.
- Adult nutrition sales increased 5.8% on a reported basis.
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Diagnostics
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Diagnostics sales totaled $2.253 billion, marking a decline of 6.6% YoY.
- Core Laboratory diagnostics sales increased 3.8%.
- Organic sales decreased 7.8%, while COVID-19 testing-related sales fell to $69 million from $265 million in Q3 2024.
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Established Pharmaceuticals
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Sales reached $1.511 billion, reflecting a 7.5% growth.
- Key Emerging Markets contributed to 11.1% organic growth.
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Medical Devices
- Sales were $5.448 billion, increasing 14.8%.
- Diabetes Care segment sales reached $2.057 billion, with growth of 19.3%.
Year-to-Date Performance
- Nine-Month Results
- Year-to-date sales grew to $32.869 billion, a 6.1% increase from the same period last year.
- The adjusted diluted EPS rose 9.6% YoY, arriving at $3.65.
Financial Guidance
- Abbott reaffirmed its full-year 2025 organic sales growth guidance of 7.5% to 8.0%, excluding COVID-19 testing-related sales.
- The narrowed adjusted diluted EPS guidance range is now $5.12 to $5.18, indicating double-digit growth at the midpoint.
Shareholder Return
- Dividend Declaration
- On September 19, 2025, Abbott declared its 407th consecutive quarterly dividend of $0.59 per share. This dividend is payable on November 17, 2025, to shareholders of record on October 15, 2025.
- Abbott has successfully increased its dividend payout for 53 consecutive years, highlighting its commitment to returning value to shareholders.
Additional Highlights
- Regulatory approvals were obtained for significant products including the TriClip® and Navitor® systems, which are set to enhance Abbott’s market position in cardiovascular therapies.
- New treatment guidelines issued at the ESC Congress support the use of the MitraClip® and TriClip® devices, providing additional momentum in the market.
Abbott’s strong performance in Q3 2025 reflects its focus on innovation and commitment to providing high-quality healthcare solutions. As the company navigates a post-pandemic environment, it continues to strive for long-term value creation for its shareholders.
Here are the extracted tables from the press release:
Condensed Consolidated Statement of Earnings
(in millions, except per share data)
| 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 |
| Net Earnings | $1,644 | $1,646 | -0.1 |
| Net Earnings excluding Specified Items | $2,278 | $2,119 | 7.5 |
| Diluted Earnings per Common Share | $0.94 | $0.94 | — |
| excluding Specified Items | $1.30 | $1.21 | 7.4 |
| Plus Dilutive Common Stock Options | 1,749 | 1,748 |
Condensed Consolidated Statement of Earnings
(in millions, except per share data)
| 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 |
| Net Earnings | $4,748 | $4,173 | 13.8 |
| Net Earnings excluding Specified Items | $6,410 | $5,851 | 9.6 |
| Diluted Earnings per Common Share | $2.70 | $2.38 | 13.4 |
| excluding Specified Items | $3.65 | $3.33 | 9.6 |
| Plus Dilutive Common Stock Options | 1,749 | 1,749 |



