In the latest period of Q4'25, ABBV's Gross Margin reached 72.6%, reflecting a strong recovery from the prior quarter's dip. Operating Margin improved to 27.3%, indicating enhanced operational efficiency, while Net Profit Margin stood at 10.9%, marking a positive turnaround amid ongoing profitability pressures. Over the period from Q1'23 to Q4'25, Gross Margin exhibited volatility with an overall upward trend, peaking at 70.9% in Q2-Q4'24 before stabilizing around 70% in 2025, though it dipped to 53.4% in Q3'23 due to potential cost fluctuations. Operating Margin showed significant swings, including a sharp decline to -9.9% in Q4'24 likely from one-time charges, but rebounded to highs of 31.7% in Q2'25; Net Profit Margin remained more stable yet low, fluctuating between 0.1% and 14.6% with a notable negative in Q4'24, underscoring persistent challenges in net earnings conversion despite gross improvements. This line chart highlights ABBV's resilience in gross profitability but vulnerability in operating and net margins to quarterly variances.