# ELI LILLY & Co (LLY) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from ELI LILLY & Co's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/LLY/mda/fy2025/): filed 2026-02-12; accession 0000059478-26-000013 (https://www.sec.gov/Archives/edgar/data/59478/000005947826000013/lly-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/LLY/mda/fy2024/): filed 2025-02-19; accession 0000059478-25-000067 (https://www.sec.gov/Archives/edgar/data/59478/000005947825000067/lly-20241231.htm)
- [FY 2023 MD&A](/company/LLY/mda/fy2023/): filed 2024-02-21; accession 0000059478-24-000065 (https://www.sec.gov/Archives/edgar/data/59478/000005947824000065/lly-20231231.htm)
- [FY 2022 MD&A](/company/LLY/mda/fy2022/): filed 2023-02-22; accession 0000059478-23-000082 (https://www.sec.gov/Archives/edgar/data/59478/000005947823000082/lly-20221231.htm)
- [FY 2021 MD&A](/company/LLY/mda/fy2021/): filed 2022-02-23; accession 0000059478-22-000068 (https://www.sec.gov/Archives/edgar/data/59478/000005947822000068/lly-20211231.htm)

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