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Consolidated Statement of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statement of Comprehensive Income      
Product Sales $ 55,573 $ 50,938 $ 43,789
Alliance Revenue 3,067 2,212 1,428
Product Revenue 58,640 53,150 45,217
Collaboration Revenue 99 923 594
Total Revenue 58,739 54,073 45,811
Cost of sales (10,633) (10,207) (8,268)
Gross profit 48,106 43,866 37,543
Distribution expense (579) (555) (539)
Research and development expense (14,232) (13,583) (10,935)
Selling, general and administrative expense (19,933) (19,977) (19,216)
Other operating income and expense 381 252 1,340
Operating profit 13,743 10,003 8,193
Finance income 360 458 344
Finance expense (1,694) (1,742) (1,626)
Share of after tax losses in associates and joint ventures (7) (28) (12)
Profit before tax 12,402 8,691 6,899
Taxation (2,169) (1,650) (938)
Profit for the period 10,233 7,041 5,961
Other comprehensive income:      
Remeasurement of the defined benefit pension liability 290 80 (406)
Net gains on equity investments measured at fair value through Other comprehensive income 188 139 278
Fair value movements related to own credit risk on bonds designated as fair value through profit or loss   12 (6)
Tax (expense)/income on items that will not be reclassified to profit and loss (94) (43) 101
Total other comprehensive income that will not be reclassified to profit and loss, net of tax 384 188 (33)
Foreign exchange arising on consolidation 2,387 (957) 608
Foreign exchange arising on designated liabilities in net investment hedges 18 (122) 24
Fair value movements on cash flow hedges 263 (129) 266
Fair value movements on cash flow hedges transferred to profit and loss (314) 177 (145)
Fair value movements on derivatives designated in net investment hedges 14 39 44
Gains/(costs) of hedging 1 (21) (19)
Tax (expense)/income on items that may be reclassified subsequently to profit and loss (50) 25 (12)
Total other comprehensive income that may be reclassified to profit and loss, net of tax 2,319 (988) 766
Other comprehensive income/(expense) for the period, net of tax [1] 2,703 (800) 733
Total comprehensive income for the period 12,936 6,241 6,694
Profit attributable to:      
Owners of the Parent 10,225 7,035 5,955
Non-controlling interests 8 6 6
Total comprehensive income attributable to:      
Owners of the Parent 12,920 6,236 6,688
Non-controlling interests 16 5 6
Total comprehensive income for the period $ 12,936 $ 6,241 $ 6,694
Basic earnings per $0.25 Ordinary Share $ 6.6 $ 4.54 $ 3.84
Diluted earnings per $0.25 Ordinary Share $ 6.54 $ 4.5 $ 3.81
Weighted average number of Ordinary Shares in issue (millions) 1,550 1,550 1,549
Diluted weighted average number of Ordinary Shares in issue (millions) 1,562 1,563 1,562
[1] Included within Other comprehensive income of $2,703m (2024: expense of $800m; 2023: income of $733m) is a gain of $1m (2024: charge of $21m; 2023: charge of $19m), relating to Gains/(costs) of hedging.