Amgen (AMGN) Free Cash Flow (2009 - 2026)
Amgen's Free Cash Flow came in at $3.49 billion for Q2 2026, up 82.6% from $1.91 billion a year earlier and up 136.2% from the prior quarter.
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Analysis
Amgen (AMGN) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Amgen reported Free Cash Flow of $10.18 billion, down 4.1% year-over-year; for FY2025, it was $8.1 billion, down 22.1% from FY2024.
- Free Cash Flow carries a five-year compound annual growth rate of -3.9% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $10.39 billion in FY2024 (+41.2%), $7.36 billion in FY2023 (-16.2%), $8.79 billion in FY2022 (+4.8%) and $8.38 billion in FY2021 (-15.2%).
- The five-year range for quarterly Free Cash Flow is $289 million (Q4 2023) to $4.4 billion (Q4 2024).
- Year-over-year, Free Cash Flow increased in five of the last seven quarters, with growth averaging 30.7%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q2 2023 (growth of 127.9%), and the weakest in Q4 2023 (a decline of 87.5%).
- Business Quant data shows AMGN's Free Cash Flow at $1.48 billion (Q1 2026), $961 million (Q4 2025) and $4.25 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 7.76 Bn |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 7.30 Bn |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 3.11 Bn |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 4.48 Bn |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 6.20 Bn |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 5.34 Bn |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 3.49 Bn |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | 3.43 Bn |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 302.00 Mn |
| 10 | Vertex Pharmaceuticals | 127.87 Bn | 99.88 Bn | 2.84 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.49 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 961.00 Mn |
| Sep 30, 2025 | 4.25 Bn |
| Jun 30, 2025 | 1.91 Bn |
| Mar 31, 2025 | 980.00 Mn |
| Dec 31, 2024 | 4.40 Bn |
| Sep 30, 2024 | 3.31 Bn |
| Jun 30, 2024 | 2.22 Bn |
| Mar 31, 2024 | 459.00 Mn |
| Dec 31, 2023 | 289.00 Mn |
| Sep 30, 2023 | 2.51 Bn |
| Jun 30, 2023 | 3.84 Bn |
| Mar 31, 2023 | 720.00 Mn |
| Dec 31, 2022 | 2.31 Bn |
| Sep 30, 2022 | 2.82 Bn |
| Jun 30, 2022 | 1.68 Bn |
| Mar 31, 2022 | 1.97 Bn |
| Dec 31, 2021 | 2.52 Bn |
| Sep 30, 2021 | 2.18 Bn |
API Access
Amgen Free Cash Flow 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=free-cash-flow&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();