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Viatris Income Statement

Revenue, expenses, and profitability over time

Viatris generated $14.6B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was -$296.5M with a -2.04% net margin. Gross margin stands at 34.4% and operating margin at 0.96%. Diluted EPS is $-0.26, which grew 0.9% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$14.6BGross Profit (TTM)$5.0BOperating Income (TTM)$139.4MNet Income (TTM)-$296.5MEps Diluted (TTM)$-0.26
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$19.0B
ROE-1.96%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.43$-2.55$0.00$-0.11$-0.30$0.15
Diluted earnings per share$-0.43$-2.55$0.00$-0.11$-0.30$0.15
Weighted-average shares, basic—1.2B1.2B1.2B—1.2B
Weighted-average shares, diluted—1.2B1.2B1.2B—1.2B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill impairment$0$2.9B$0$0$0$0
Legal contingency and settlement-$111.6M$73.5M$47.6M-$55.7M$3.1M-$53.5M
Acquired IPR&D—$10M$0$0—$6M
Other operating expenses$1.4B$4B$1.1B$1.2B$1.3B$1.2B
Research and development$206.5M$222M$218.8M$250.4M$274.7M$248.6M
Selling, general and administrative$1B$948.1M$928.7M$886.6M$1B$928.8M
Total operating expenses$1.4B$4B$1.1B$1.2B$1.3B$1.2B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.2B$1.2B$1.3B$1.4B$1.1B$1.2B
Operating income—-$2.9B$233M$178.8M-$192.7M-$79.7M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$526.5M-$3.1B-$217.1M-$7.9M-$343M-$247.3M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—-$55M-$212.5M$120.3M-$2.9M-$423.7M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$120.2M$115.5M$116.6M$119.6M$119.6M$120.1M
Other income (expense), net-$226.5M-$99.3M-$333.5M-$67.1M-$30.7M-$47.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$516.5M-$3B-$4.6M-$128.2M-$340.1M$176.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill impairment losses$0$2.9B$0$0$0$0
Other income, net (Note 6)-$226.5M-$99.3M-$333.5M-$67.1M-$30.7M-$47.5M
Research and development expense$202.2M$241.5M$241.5M$241.5M$241.5M—
Revenue From Contract With Customer Excluding Assessed Tax$3.5B$3.2B$3.6B$3.7B$3.7B$3.5B
Revenue from contracts outside the scope of ASC Topic 606$12.7M$11.1M$13.1M$12.4M$12.9M$7.3M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$2.3B$2.1B$2.2B$2.4B$2.6B$2.4B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.5B$3.3B$3.6B$3.8B$3.7B$3.5B