Abbott Laboratories (ABT) Q3 2025 Financial Results Summary

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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.
  • Organic sales growth was 5.5% or 7.5% excluding COVID-19 testing-related sales.

  • Earnings Per Share (EPS)

  • GAAP diluted EPS remained stable at $0.94.
  • Adjusted diluted EPS increased to $1.30, a growth of 7.4% compared to $1.21 in Q3 2024.

  • 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
  • Total sales in the Nutrition segment were $2.153 billion, growing 4.2% YoY.

    • Adult nutrition sales increased 5.8% on a reported basis.
  • Diagnostics

  • 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.
  • Established Pharmaceuticals

  • Sales reached $1.511 billion, reflecting a 7.5% growth.

    • Key Emerging Markets contributed to 11.1% organic growth.
  • 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