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Saturday 17 October 2026 Export AMGN’s income statement to Excel — free account

Amgen Inc.

AMGN Healthcare Drug Manufacturers General

Amgen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $36.8 billion, up 9.95% from fiscal 2024. In the quarter to June 2026, revenue grew 9.53%, EPS grew 65.4%, free cash flow grew 82.6% and total debt rose 1.96%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.

432.49 1.54 −0.35%
Market cap
$234.7B
P/E
26.7×
Fwd P/E
22.7×
Dividend yield
2.30%
F-score
7/9
Altman Z
1.69
Beneish M
−2.27
Dividend safety
56/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Amgen Inc. (AMGN) Operating margin

Alert me on Operating margin

Amgen Inc.'s operating margin over the twelve months to 30 June 2026 was 30.0%, up 5.3 percentage points from fiscal 2025 (24.7%). Over the past ten years it has ranged from 21.7% (fiscal 2024) to 43.7% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Drug Manufacturers General industry median of 18.8% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 24.7% 3.00
FY2024 21.7% (6.30)
FY2023 28.0% (8.33)
FY2022 36.3% 6.94
FY2021 29.4% (6.55)
FY2020 36.0% (5.46)
FY2019 41.4% (1.81)
FY2018 43.2% (0.43)
FY2017 43.7% 1.05
FY2016 42.6% 3.50

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 35.0% 4.01
Mar 2026 30.9% 3.37
Dec 2025 27.6% 1.14
Sep 2025 26.4% (2.51)
42 more quarters

Against its own ten years

Low 21.7% High 43.7%
Ten-year median 36.3%
Current reading's percentile 33

Operating margin against peers

Company Operating margin
NVO Novo Nordisk A/S compare 43.4%
NVS Novartis AG compare 30.2%
AMGN Amgen Inc. 30.0%
ABBV AbbVie Inc. compare 26.2%
BMY Bristol Myers Squibb Company compare 24.2%
AZN AstraZeneca PLC compare 22.8%
PFE Pfizer Inc. compare 21.7%
MRK Merck & Co., Inc. compare 10.5%
GILD Gilead Sciences, Inc. compare −8.20%
Drug Manufacturers General industry median 18.8%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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