AbbVie Inc

ABBV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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AbbVie's Immunology Dominance Contributes to Its Wide Economic Moat

Karen Andersen

Jun 23, 2026

Business Strategy and Outlook

AbbVie holds a strong portfolio of marketed and pipeline drugs. While biosimilar competition to key drug Humira pushed down overall revenue in 2023, AbbVie returned to growth in 2024 as the remaining portfolio has been able to mitigate these losses.

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AbbVie Inc

AbbVie's Immunology Dominance Contributes to Its Wide Economic Moat

Business Strategy and Outlook

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