Amgen Inc. AMGN

414.61 8.57 2.11% as of 25 Sep
Market cap
$219.1B
P/E
25.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Amgen Inc. (AMGN) 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 18.9% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Annual

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

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 18

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 18.9%
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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