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| Date | Value |
|---|---|
| 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 |