
This US dollar translation of the unaudited Results Announcement for 9 months 2026 should be read in conjunction with the Annual Report 2025, which was prepared in accordance with United Kingdom adopted International Financial Reporting Standards and has been prepared applying consistent accounting policies to those applied by the Group in the Annual Report 2025.
US Dollar amounts shown in the tables below are a convenience translation of the sterling amounts. These tables are unaudited.
9 months 2026 £m | 9 months 2026 $m | |
TURNOVER | 24,925 | 33,400 |
Cost of sales | (6,531) | (8,752) |
Gross profit | 18,394 | 24,648 |
Selling, general and administration | (6,704) | (8,983) |
Research and development | (7,141) | (9,569) |
Royalty income | 657 | 880 |
Other operating income/(expense) | (305) | (409) |
OPERATING PROFIT | 4,901 | 6,567 |
Finance income | 109 | 146 |
Finance expense | (568) | (761) |
Share of after tax profit/(loss) of associates and joint ventures | (9) | (12) |
PROFIT BEFORE TAXATION | 4,433 | 5,940 |
Taxation | (338) | (453) |
PROFIT AFTER TAXATION | 4,095 | 5,487 |
Profit attributable to non-controlling interests | 380 | 509 |
Profit attributable to shareholders | 3,715 | 4,978 |
4,095 | 5,487 | |
EARNINGS PER SHARE | 92.5p | 124.0c |
Diluted earnings per share | 91.1p | 122.0c |
In the income statement above US dollar results for 9 months 2026 are calculated using average rates for the period
In the detailed sales tables below US dollar results for nine months ended 30 September 2026 are calculated using average rates for the period
Sales tablesSpecialty Medicines turnover - nine months ended 30 September 2026
Total | US | Europe International | Total | US | Europe International | |
£m | £m | £m £m | $m | $m | $m $m | |
HIV | 6,018 | 4,203 | 1,205 610 | 8,066 | 5,633 | 1,615 818 |
Dolutegravir products | 4,181 | 2,622 | 1,011 548 | 5,604 | 3,514 | 1,355 735 |
Dovato | 2,169 | 1,218 | 673 278 | 2,907 | 1,632 | 902 373 |
Juluca | 487 | 393 | 86 8 | 653 | 527 | 115 11 |
Tivicay | 948 | 581 | 165 202 | 1,271 | 779 | 221 271 |
Triumeq | 577 | 430 | 87 60 | 773 | 576 | 117 80 |
Long Acting Injectables | 1,702 | 1,469 | 180 53 | 2,281 | 1,969 | 241 71 |
Apretude | 403 | 387 | 4 12 | 540 | 519 | 5 16 |
Cabenuva | 1,299 | 1,082 | 176 41 | 1,741 | 1,450 | 236 55 |
Other | 135 | 112 | 14 9 | 181 | 150 | 19 12 |
Respiratory, Immunology & Inflammation | 3,164 | 2,064 | 519 581 | 4,240 | 2,766 | 695 779 |
Benlysta | 1,402 | 1,147 | 112 143 | 1,879 | 1,537 | 150 192 |
Exdensur | 56 | 33 | 4 19 | 74 | 44 | 5 25 |
Nucala | 1,676 | 884 | 410 382 | 2,246 | 1,185 | 549 512 |
Other | 30 | - | (7) 37 | 41 | - | (9) 50 |
Oncology | 1,703 | 1,087 | 428 188 | 2,281 | 1,457 | 573 251 |
Blenrep | 109 | 55 | 35 19 | 146 | 74 | 47 25 |
Jemperli | 753 | 543 | 145 65 | 1,009 | 728 | 194 87 |
Jideytro | 3 | 3 | - - | 4 | 4 | - - |
Ojjaara/Omjjara | 526 | 350 | 113 63 | 704 | 469 | 151 84 |
Zejula | 319 | 136 | 141 42 | 427 | 182 | 189 56 |
Other | (7) | - | (6) (1) | (9) | - | (8) (1) |
Specialty Medicines | 10,885 | 7,354 | 2,152 1,379 | 14,587 | 9,856 | 2,883 1,848 |
Total | US | Europe International | Total | US | Europe International | |
£m | £m | £m £m | $m | $m | $m $m | |
Shingles | 2,694 | 924 | 1,184 586 | 3,610 | 1,238 | 1,587 785 |
Shingrix | 2,694 | 924 | 1,184 586 | 3,610 | 1,238 | 1,587 785 |
Meningitis | 1,396 | 619 | 473 304 | 1,870 | 829 | 634 407 |
Bexsero | 972 | 315 | 466 191 | 1,303 | 422 | 625 256 |
Menveo | 352 | 257 | 6 89 | 471 | 344 | 8 119 |
Penmenvy | 47 | 47 | - - | 63 | 63 | - - |
Other | 25 | - | 1 24 | 33 | - | 1 32 |
RSV | 452 | 138 | 176 138 | 606 | 185 | 236 185 |
Arexvy | 452 | 138 | 176 138 | 606 | 185 | 236 185 |
Influenza | 198 | 129 | 18 51 | 265 | 173 | 24 68 |
Fluarix, FluLaval | 198 | 129 | 18 51 | 265 | 173 | 24 68 |
Other Paediatric & Adult Vaccines | 2,276 | 1,050 | 559 667 | 3,050 | 1,407 | 749 894 |
Boostrix | 551 | 359 | 112 80 | 739 | 481 | 150 108 |
Hepatitis | 496 | 246 | 152 98 | 665 | 330 | 204 131 |
Infanrix, Pediarix | 384 | 228 | 83 73 | 515 | 306 | 111 98 |
Priorix, Priorix Tetra, Varilrix | 246 | 54 | 103 89 | 329 | 72 | 138 119 |
Rotarix | 419 | 151 | 88 180 | 561 | 202 | 118 241 |
Other | 180 | 12 | 21 147 | 241 | 16 | 28 197 |
Vaccines | 7,016 | 2,860 | 2,410 1,746 | 9,401 | 3,832 | 3,230 2,339 |
Total | US | Europe International | Total | US | Europe International | |
£m | £m | £m £m | $m | $m | $m $m | |
Respiratory | 4,981 | 2,634 | 1,012 1,335 | 6,675 | 3,530 | 1,356 1,789 |
Anoro Ellipta | 405 | 137 | 191 77 | 543 | 184 | 256 103 |
Flixotide/Flovent | 291 | 197 | 41 53 | 390 | 264 | 55 71 |
Relvar/Breo Ellipta | 682 | 228 | 243 211 | 914 | 305 | 326 283 |
Seretide/Advair | 574 | 187 | 121 266 | 769 | 251 | 162 356 |
Trelegy Ellipta | 2,208 | 1,570 | 265 373 | 2,959 | 2,104 | 355 500 |
Ventolin | 455 | 229 | 80 146 | 610 | 307 | 107 196 |
Other Respiratory | 366 | 86 | 71 209 | 490 | 115 | 95 280 |
Other General Medicines | 2,043 | 128 | 479 1,436 | 2,738 | 172 | 642 1,924 |
Blujepa | 2 | 2 | - - | 3 | 3 | - - |
Other General Medicines | 2,041 | 126 | 479 1,436 | 2,735 | 169 | 642 1,924 |
General Medicines | 7,024 | 2,762 | 1,491 2,771 | 9,412 | 3,701 | 1,998 3,713 |
Commercial operations turnover | Total | US | Europe International | Total | US | Europe International |
£m | £m | £m £m | $m | $m | $m $m | |
24,925 | 12,976 | 6,053 5,896 | 33,400 | 17,389 | 8,111 7,900 |
30 September 2026 £m | 30 September 2026 $m | |
ASSETS | ||
Non-current assets | ||
Property, plant and equipment | 9,431 | 12,543 |
Right of use assets | 691 | 919 |
Goodwill | 8,216 | 10,927 |
Other intangible assets | 25,172 | 33,479 |
Investments in associates and joint ventures | 49 | 65 |
Other investments | 814 | 1,083 |
Deferred tax assets | 6,735 | 8,958 |
Derivative financial instruments | 54 | 72 |
Other non-current assets | 2,642 | 3,514 |
Total non-current assets | 53,804 | 71,560 |
Current assets | ||
Inventories | 6,300 | 8,379 |
Current tax recoverable | 302 | 402 |
Trade and other receivables | 8,223 | 10,937 |
Derivative financial instruments | 103 | 137 |
Liquid investments | 28 | 37 |
Cash and cash equivalents | 2,934 | 3,902 |
Assets held for sale | 5 | 7 |
Total current assets | 17,895 | 23,801 |
TOTAL ASSETS | 71,699 | 95,361 |
LIABILITIES | ||
Current liabilities | ||
Short-term borrowings | (2,001) (2,661) | |
Contingent consideration liabilities | (1,318) (1,753) | |
Trade and other payables | (15,633) (20,792) | |
Derivative financial instruments | (164) (218) | |
Current tax payable | (678) (902) | |
Short-term provisions | (926) (1,232) | |
Total current liabilities | (20,720) (27,558) | |
Non-current liabilities | ||
Long-term borrowings | (21,700) (28,861) | |
Deferred tax liabilities | (1,670) (2,221) | |
Pensions and other post-employment benefits | (1,552) (2,064) | |
Derivative financial instruments | (101) (134) | |
Other provisions | (751) (999) | |
Contingent consideration liabilities | (5,311) (7,064) | |
Other non-current liabilities | (1,532) (2,038) | |
Total non-current liabilities | (32,617) (43,381) | |
TOTAL LIABILITIES | (53,337) (70,939) | |
NET ASSETS | 18,362 | 24,422 |
EQUITY | ||
Share capital | 1,349 | 1,794 |
Share premium account | 3,507 | 4,664 |
Retained earnings | 12,458 | 16,570 |
Other reserves | 1,440 | 1,915 |
Shareholders' equity | 18,754 24,943 | |
Non-controlling interests | (392) (521) | |
TOTAL EQUITY | 18,362 | 24,422 |
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US dollar amounts shown in the balance sheet above are calculated using closing rate at 30 September 2026
