Incyte Corporation
INCY Healthcare Biotechnology
Incyte Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 21.2% from fiscal 2024. In the quarter to June 2026, revenue grew 37.7%, EPS grew 39.7%, free cash flow grew 1,829.5% and total debt fell 10.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years.
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Incyte Corporation (INCY) Operating margin
Incyte Corporation's operating margin over the twelve months to 30 June 2026 was 30.6%, up 1.1 percentage points from fiscal 2025 (29.5%). Over the past ten years it has ranged from −15.8% (fiscal 2017) to 29.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Biotechnology industry median of 0.00% 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 | 29.5% | 28.01 |
| FY2024 | 1.45% | (15.34) |
| FY2023 | 16.8% | (0.28) |
| FY2022 | 17.1% | (2.55) |
| FY2021 | 19.6% | 29.51 |
| FY2020 | −9.89% | (28.51) |
| FY2019 | 18.6% | 11.75 |
| FY2018 | 6.87% | 22.71 |
| FY2017 | −15.8% | (28.95) |
| FY2016 | 13.1% | 6.39 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 41.7% | 18.03 |
| Mar 2026 | 23.7% | 1.37 |
| Dec 2025 | 22.3% | (10.18) |
| Sep 2025 | 32.5% | (11.16) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| RPRX Royalty Pharma PLC compare | 59.6% |
| EXEL Exelixis, Inc. compare | 39.9% |
| INCY Incyte Corporation | 30.6% |
| GMAB Genmab A/S Sponsored ADR compare | 26.0% |
| ASND Ascendis Pharma A/S compare | 24.8% |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 20.8% |
| INSM Insmed, Inc. compare | −73.9% |
| BNTX BioNTech SE Sponsored ADR compare | −77.9% |
| ROIV Roivant Sciences Ltd. compare | −7,914.8% |
| Biotechnology industry median | 0.00% |
| 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
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- Revenue
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- EPS (diluted)
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- Net margin
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