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v3.25.1

Revenue | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table summarizes our revenue recognized in our consolidated condensed statements of operations:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Net product revenue | $ | 11,601.2 |  |  | $ | 7,796.5 |  |  |  |  |
Collaboration and other revenue | 1,127.3 |  |  | 971.5 |  |  |  |  |
Revenue | $ | 12,728.5 |  |  | $ | 8,768.0 |  |  |  |  |
We recognize revenue primarily from two different types of contracts, product sales to customers (net product revenue) and collaborations and other arrangements. Revenue recognized from collaborations and other arrangements includes our share of profits from the collaborations, as well as royalties, upfront, and milestone payments we receive under these types of contracts. See Note 4 for additional information related to our collaborations and other arrangements. Collaboration and other revenue disclosed above includes the revenue resulting from our collaboration with Boehringer Ingelheim discussed in Note 4, as well as the sale of product rights. Substantially all of the remainder of collaboration and other revenue is related to contracts accounted for as contracts with customers. Adjustments to Revenue Adjustments to revenue recognized as a result of changes in estimates for our most significant United States (U.S.) sales returns, rebates, and discounts liability balances for products shipped in previous periods were less than 1 percent and approximately 3 percent of U.S. revenue during the three months ended March 31, 2025 and 2024, respectively. Disaggregation of Revenue The following table summarizes revenue, including net product revenue and collaboration and other revenue, by product:
| Three Months Ended March 31,
| 2025 |  | 2024
| U.S. | Outside U.S. | Total |  | U.S. | Outside U.S. | Total
Cardiometabolic Health: |  |  |  |  |  |  |
Mounjaro | $ | 2,655.9 |  | $ | 1,185.9 |  | $ | 3,841.8 |  |  | $ | 1,520.4 |  | $ | 286.2 |  | $ | 1,806.5 |
Zepbound | 2,305.4 |  | 6.5 |  | 2,311.9 |  |  | 517.4 |  | — |  | 517.4 |
Trulicity | 770.5 |  | 324.7 |  | 1,095.2 |  |  | 1,081.9 |  | 374.4 |  | 1,456.3 |
Jardiance(1) | 309.8 |  | 704.6 |  | 1,014.4 |  |  | 368.2 |  | 318.3 |  | 686.5 |
Other cardiometabolic health | 535.1 |  | 409.7 |  | 944.8 |  |  | 602.1 |  | 424.1 |  | 1,026.3 |
Total cardiometabolic health | 6,576.7 |  | 2,631.4 |  | 9,208.1 |  |  | 4,090.0 |  | 1,403.0 |  | 5,493.0 |
Oncology: |  |  |  |  |  |  |
Verzenio | 657.6 |  | 501.3 |  | 1,158.9 |  |  | 638.2 |  | 412.1 |  | 1,050.3 |
Other oncology | 388.2 |  | 400.4 |  | 788.6 |  |  | 360.1 |  | 399.6 |  | 759.7 |
Total oncology | 1,045.8 |  | 901.7 |  | 1,947.5 |  |  | 998.3 |  | 811.7 |  | 1,810.0 |
Immunology: |  |  |  |  |  |  |
Taltz | 476.5 |  | 285.4 |  | 761.9 |  |  | 347.1 |  | 257.0 |  | 604.1 |
Other immunology | 101.6 |  | 224.6 |  | 326.1 |  |  | 50.1 |  | 179.8 |  | 229.9 |
Total immunology | 578.1 |  | 510.0 |  | 1,088.0 |  |  | 397.2 |  | 436.8 |  | 834.0 |
Neuroscience | 189.3 |  | 82.8 |  | 272.1 |  |  | 163.2 |  | 225.9 |  | 389.1 |
Other | 99.5 |  | 113.3 |  | 212.9 |  |  | 45.7 |  | 196.2 |  | 241.9 |
Revenue | $ | 8,489.4 |  | $ | 4,239.1 |  | $ | 12,728.5 |  |  | $ | 5,694.4 |  | $ | 3,073.7 |  | $ | 8,768.0 |
(1) Jardiance revenue includes Glyxambi, Synjardy, and Trijardy XR. The following table summarizes revenue by geographical area:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Revenue(1): |  |  |  |  |  |  |
U.S. | $ | 8,489.4 |  |  | $ | 5,694.4 |  |  |  |  |
Europe | 2,388.7 |  |  | 1,440.7 |  |  |  |  |
China | 450.8 |  |  | 376.2 |  |  |  |  |
Japan | 402.2 |  |  | 363.9 |  |  |  |  |
Rest of world | 997.4 |  |  | 892.9 |  |  |  |  |
Revenue | $ | 12,728.5 |  |  | $ | 8,768.0 |  |  |  |  |
(1) Revenue is attributed to the countries based on the location of the customer or other party.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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