Amgen (AMGN) Cash from Operations (2009 - 2025)
Amgen (AMGN) reported Cash from Operations of $4 billion for Q2 2026, up 75.5% from $2.28 billion a year earlier and up 82.8% from the prior quarter.
Powered by 
Analysis
Amgen (AMGN) Cash from Operations (2009 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Amgen's Cash from Operations came in at $12.48 billion, up 3.9% year-over-year; for FY2025, it was $9.96 billion, down 13.3% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- By year, Cash from Operations came in at $11.49 billion in FY2024 (+35.6%), $8.47 billion in FY2023 (-12.9%), $9.72 billion in FY2022 (+5.0%) and $9.26 billion in FY2021 (-11.8%).
- Five-year quarterly Cash from Operations spans a low of $538 million in Q4 2023 and a high of $4.77 billion in Q4 2024.
- Year over year, Cash from Operations gained in six of the last eight quarters, with growth averaging 126.1%.
- The high point for year-over-year Cash from Operations in five years was Q4 2024 (growth of 786.8%); the low point was Q4 2023 (a decline of 79.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.19 billion (Q1 2026), $1.6 billion (Q4 2025) and $4.68 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Yr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 16.81 Bn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 24.53 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 19.03 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 16.47 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | 19.14 Bn |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 14.58 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 9.96 Bn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 10.02 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 11.70 Bn |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 3.63 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 9.96 Bn |
| Dec 31, 2024 | 11.49 Bn |
| Dec 31, 2023 | 8.47 Bn |
| Dec 31, 2022 | 9.72 Bn |
| Dec 31, 2021 | 9.26 Bn |
| Dec 31, 2020 | 10.50 Bn |
| Dec 31, 2019 | 9.15 Bn |
| Dec 31, 2018 | 11.30 Bn |
| Dec 31, 2017 | 11.18 Bn |
| Dec 31, 2016 | 10.35 Bn |
| Dec 31, 2015 | 9.73 Bn |
| Dec 31, 2014 | 8.95 Bn |
| Dec 31, 2013 | 6.29 Bn |
| Dec 31, 2012 | 5.88 Bn |
| Dec 31, 2011 | 5.12 Bn |
| Dec 31, 2010 | 5.79 Bn |
| Dec 31, 2009 | 6.34 Bn |
API Access
Amgen Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations-annual&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations-annual", "ticker": "AMGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations-annual&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();