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REVENUES (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Total Revenues
The following table summarizes our Total revenues:
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
(in millions)U.S.EuropeRest of WorldTotalU.S.EuropeRest of WorldTotal
Product sales:
HIV
Biktarvy$2,940 $427 $320 $3,686 $2,826 $375 $272 $3,472 
Descovy652 23 25 701 534 24 28 586 
Genvoya323 34 19 377 384 44 21 449 
Odefsey206 61 10 277 248 69 326 
Symtuza - Revenue share(1)
95 26 124 103 33 139 
Other HIV(2)
82 22 112 65 26 100 
Total HIV4,299 592 386 5,277 4,161 570 342 5,073 
Liver Disease
Sofosbuvir/Velpatasvir(3)
146 65 97 309 222 67 96 385 
Vemlidy136 12 132 280 126 11 95 232 
Other Liver Disease(4)
132 81 17 231 45 54 17 116 
Total Liver Disease414 158 247 819 393 132 207 733 
Veklury140 43 93 277 393 81 219 692 
Oncology
Cell Therapy
Tecartus40 35 83 63 29 98 
Yescarta123 151 75 349 145 182 60 387 
Total Cell Therapy163 186 83 432 208 211 66 485 
Trodelvy221 89 47 357 226 80 26 332 
Total Oncology384 275 129 788 433 291 92 816 
Other
AmBisome69 52 123 71 52 130 
Other(5)
34 20 61 47 16 71 
Total Other36 76 72 184 53 80 68 201 
Total product sales5,274 1,144 928 7,345 5,433 1,154 928 7,515 
Royalty, contract and other revenues411 424 17 13 30 
Total revenues$5,281 $1,555 $933 $7,769 $5,450 $1,167 $929 $7,545 
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
(in millions)U.S.EuropeRest of WorldTotalU.S.EuropeRest of WorldTotal
Product sales:
HIV
Biktarvy$8,212 $1,231 $922 $10,366 $7,726 $1,110 $814 $9,649 
Descovy1,791 67 81 1,939 1,339 75 82 1,496 
Genvoya950 114 54 1,118 1,088 138 66 1,292 
Odefsey642 184 30 857 705 217 30 952 
Symtuza - Revenue share(1)
265 88 362 338 101 448 
Other HIV(2)
198 85 28 310 190 96 36 322 
Total HIV12,059 1,769 1,124 14,952 11,386 1,737 1,038 14,160 
Liver Disease
Sofosbuvir/Velpatasvir(3)
497 227 273 996 737 230 299 1,266 
Vemlidy358 36 389 783 338 33 328 699 
Other Liver Disease(4)
307 233 53 593 134 148 55 337 
Total Liver Disease1,162 496 714 2,372 1,210 411 682 2,302 
Veklury390 84 225 700 784 204 473 1,461 
Oncology
Cell Therapy
Tecartus122 107 25 254 181 102 22 305 
Yescarta444 455 228 1,127 502 509 170 1,181 
Total Cell Therapy566 562 253 1,381 683 611 192 1,485 
Trodelvy626 259 128 1,013 655 217 88 960 
Total Oncology1,192 821 381 2,395 1,338 828 280 2,446 
Other
AmBisome15 201 175 391 37 210 176 424 
Other(5)
125 23 55 204 203 26 52 281 
Total Other140 225 230 594 241 236 228 705 
Total product sales14,943 3,395 2,674 21,013 14,958 3,416 2,700 21,074 
Royalty, contract and other revenues57 433 16 505 66 43 111 
Total revenues$15,000 $3,828 $2,690 $21,518 $15,024 $3,459 $2,703 $21,185 
_______________________________
(1)    Represents our revenue from cobicistat (“C”), emtricitabine (“FTC”) and tenofovir alafenamide (“TAF”) in Symtuza (darunavir/C/FTC/TAF), a fixed dose combination product commercialized by Janssen Sciences Ireland Unlimited Company (“Janssen Ireland”).
(2)    Includes Atripla, Complera/Eviplera, Emtriva, Stribild, Sunlenca, Truvada, Tybost and Yeztugo/Yeytuo.
(3)    Includes Epclusa and the authorized generic version of Epclusa sold by Gilead’s separate subsidiary, Asegua Therapeutics LLC (“Asegua”).
(4)    Includes ledipasvir/sofosbuvir (Harvoni and the authorized generic version of Harvoni sold by Asegua), Hepcludex, Hepsera, Livdelzi/Lyvdelzi, Sovaldi, Viread and Vosevi.
(5)    Includes Cayston, Jyseleca, Letairis and Zydelig.
Summary of Revenues Recognized from Performance Obligations Satisfied in Prior Periods
The following table summarizes revenues recognized from performance obligations satisfied in prior years:
Three Months EndedNine Months Ended
September 30,September 30,
(in millions)2025202420252024
Revenue share with Janssen Ireland and royalties for licenses of intellectual property$148 $173 $458 $545 
Changes in estimates(1)
$497 $146 $837 $388 
_______________________________
(1)    Changes in estimates increased during the three and nine months ended September 30, 2025 primarily due to recognition of $400 million of previously constrained revenues from the sale of certain intellectual property.
Summary of Contract Balances
The following table summarizes our contract balances:
(in millions)September 30, 2025December 31, 2024
Contract assets(1)
$695 $277 
Contract liabilities(2)
$56 $58 
_______________________________
(1)    The increase in contract assets during the nine months ended September 30, 2025 primarily related to recognition of $400 million of previously constrained revenues from the sale of certain intellectual property.
(2)    Future revenues recognized from contract liabilities are not expected to be material in any one year.