As of Q4'25, NVO reported revenue of USD 60.5B, marking a significant decline from the previous quarter. The year-over-year revenue growth rate for this period turned negative at -29.4%, indicating a sharp reversal compared to earlier quarters. From Q1'23 to Q4'25, NVO's revenue generally exhibited strong growth, peaking at USD 85.7B in Q4'24. The company maintained double-digit year-over-year growth rates through most of this period, with particularly robust expansion in Q4'23 (36.9%) and Q4'24 (30.1%). However, after reaching its highest point, revenue began to decline in 2025, culminating in a steep drop in Q4'25, where both revenue and growth rate fell markedly, signaling a potential inflection point or shift in business performance.