Amgen (AMGN) Cost of Revenue (2009 - 2026)

Amgen (AMGN) posted quarterly Cost of Revenue of $2.7 billion for Q1 2026, down 7.55% year-over-year from $3.0 billion in Q1 2025, and up 135.41% on a QoQ basis from -$7.7 billion in Q4 2025.

Amgen (AMGN) Cost of Revenue (2009 - 2026) Analysis & Trends

Amgen (AMGN) has reported Cost of Revenue for 18 consecutive years, with $2.7 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Cost of Revenue fell 7.55% year-over-year to $2.7 billion; the TTM figure through Mar 2026 stood at -$1.8 billion (down 119.67% YoY), while the FY2025 annual figure was $1.3 billion, down 89.8% from the prior year.
  • Cost of Revenue came in at $2.7 billion for Q1 2026 at Amgen, up from -$7.7 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $3.2 billion in Q2 2024, with the low at -$7.7 billion in Q4 2025.
  • Average Cost of Revenue over 5 years is $1.3 billion, with a median of $1.7 billion recorded in 2022.
  • The largest YoY upside for Cost of Revenue was 4240.85% in 2025 against a maximum downside of 349.0% in 2025.
  • Year by year, Cost of Revenue stood at $1.7 billion in 2022, then jumped by 78.13% to $3.1 billion in 2023, then changed by 0.0% to $3.1 billion in 2024, then slumped by 349.0% to -$7.7 billion in 2025, then jumped by 135.41% to $2.7 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $2.7 billion, -$7.7 billion, and $3.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 3.58 Bn
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 8.11 Bn
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 4.22 Bn
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 2.68 Bn
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 4.20 Bn
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 2.74 Bn
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 1.45 Bn
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 3.55 Bn
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn 661.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.74 Bn
Mar 31, 2026 2.74 Bn
Dec 31, 2025 -7.75 Bn
Dec 31, 2025 -7.75 Bn
Sep 30, 2025 3.08 Bn
Sep 30, 2025 3.08 Bn
Jun 30, 2025 77.00 Mn
Jun 30, 2025 77.00 Mn
Mar 31, 2025 2.97 Bn
Mar 31, 2025 2.97 Bn
Dec 31, 2024 3.11 Bn
Dec 31, 2024 3.11 Bn
Sep 30, 2024 71.00 Mn
Sep 30, 2024 71.00 Mn
Jun 30, 2024 3.24 Bn
Jun 30, 2024 3.24 Bn
Mar 31, 2024 105.00 Mn
Mar 31, 2024 105.00 Mn
Dec 31, 2023 3.11 Bn
Dec 31, 2023 3.11 Bn