What is Johnson & Johnson's goodwill?

Johnson & Johnson (JNJ) reported goodwill of $48.56B in Q1 2026.

How has Johnson & Johnson's goodwill changed year-over-year?

Johnson & Johnson's goodwill increased by 9.2% year-over-year, from $44.47B to $48.56B.

What is the long-term trend for Johnson & Johnson's goodwill?

Over 5 years (2020 to 2025), Johnson & Johnson's goodwill has grown at a 6.0% compound annual growth rate (CAGR), from $36.39B to $48.77B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Johnson & Johnson JNJ Goodwill

Goodwill at other companies

AbbottABT

$35.22B+50.8%

Bristol-Myers SquibbBMY

$21.74B0.0%

Tenet HealthcareTHC

$11.39B+5.6%

PfizerPFE

$71.41B+4.3%

Procter & GamblePG

$41.36B+2.2%

Merck & Co.MRK

$21.58B-0.5%

Segments

By segment

See full

MEDTECH$33.75B+0.6%

Innovative Medicine$14.81B+35.8%

Other financials

Income statement

See full

Revenue$24.1B+9.9%

Gross profit$16.0B+9.8%

Operating income$6.3B+2.3%

Net income$5.2B-52.4%

EPS (diluted)$2.14-52.9%

Balance sheet

See full

Cash & equivalents$21.7B-43.6%

Total debt$55.0B+5.2%

Total equity$81.2B+3.9%

Total assets$200.89B+3.7%

Cash flow

See full

Operating cash flow$2.5B-39.8%

CapEx$1.0B+31.9%

Free cash flow$1.5B-56.6%

Valuation

See full

Market cap$623.71B+66.9%

Enterprise value$657.01B+61.9%

P/E29.6×+13.2×

P/S6.5×+2.3×

Profitability

See full

Gross margin67.8%-0.5pp

Operating margin26.4%+2.8pp

Net margin21.8%-2.6pp

FCF margin18.5%-4.3pp

Returns & leverage

See full

Return on equity26.4%-3.0pp

Debt / equity0.7×0.0×

Current ratio1×-0.2×

Where this comes from

Reported directly by Johnson & Johnson in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Johnson & Johnson’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Johnson & Johnson's goodwill?: Johnson & Johnson (JNJ) reported goodwill of $48.56B in Q1 2026.
How has Johnson & Johnson's goodwill changed year-over-year?: Johnson & Johnson's goodwill increased by 9.2% year-over-year, from $44.47B to $48.56B.
What is the long-term trend for Johnson & Johnson's goodwill?: Over 5 years (2020 to 2025), Johnson & Johnson's goodwill has grown at a 6.0% compound annual growth rate (CAGR), from $36.39B to $48.77B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.