AbbVie Inc. reported a strong financial performance for the second quarter of 2025, with net revenues reaching $15.4 billion, a 6.6% increase from $14.5 billion in the same period last year. For the first half of 2025, the company generated $28.8 billion in net revenues, up 7% from $26.8 billion in the first half of 2024. Operating earnings for the second quarter were $4.9 billion, compared to $4.0 billion in the prior year, while net earnings attributable to AbbVie Inc. were $938 million, down from $1.4 billion in the same quarter of 2024. The diluted earnings per share for the second quarter were $0.52, a decrease from $0.77 in the previous year.
The decline in net earnings was attributed to several factors, including a significant increase in the change in fair value of contingent consideration liabilities, which rose to $2.8 billion in the second quarter from $1.5 billion a year earlier. Additionally, AbbVie faced a decrease in revenues from its flagship product, Humira, which saw a 58% drop in the second quarter due to increased competition from biosimilars. In contrast, the company experienced substantial growth in its immunology portfolio, with Skyrizi and Rinvoq reporting revenue increases of 62% and 42%, respectively, driven by strong market uptake.
Strategically, AbbVie has been active in expanding its product pipeline through acquisitions and licensing agreements. Notably, the company announced its intention to acquire Capstan Therapeutics for approximately $2.1 billion, which includes a promising CAR-T therapy candidate for autoimmune diseases. AbbVie also completed the acquisition of Nimble Therapeutics for $288 million earlier in the year, enhancing its capabilities in oral peptide therapeutics. The company continues to invest in research and development, with R&D expenses increasing to $2.1 billion in the second quarter, reflecting a commitment to advancing its pipeline of approximately 90 compounds.
Operationally, AbbVie reported a total employee headcount of approximately 55,000, consistent with its ongoing commitment to maintaining a robust workforce to support its diverse product portfolio. The company also noted a significant increase in cash and equivalents, which rose to $6.5 billion as of June 30, 2025, compared to $5.5 billion at the end of 2024. This increase in liquidity positions AbbVie well for future investments and strategic initiatives.
Looking ahead, AbbVie remains focused on maximizing its diversified revenue base and expects to continue generating substantial operating cash flows to support its growth objectives. The company anticipates several regulatory submissions and data readouts from key clinical trials in the next 12 months, which could further enhance its product offerings and market position.
About AbbVie Inc.
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