Amgen (AMGN) Free Cash Flow (2009 - 2026)
Amgen (AMGN) posted quarterly Free Cash Flow of $1.5 billion for Q1 2026, up 50.71% year-over-year from $980.0 million in Q1 2025, and up 53.69% on a QoQ basis from $961.0 million in Q4 2025.
Amgen (AMGN) Free Cash Flow (2009 - 2026) Analysis & Trends
Amgen (AMGN) has reported Free Cash Flow for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 50.71% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $8.6 billion (down 21.24% YoY), while the FY2025 annual figure was $8.1 billion, down 22.07% from the prior year.
- Free Cash Flow came in at $1.5 billion for Q1 2026 at Amgen, up from $961.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $4.4 billion in Q4 2024, with the low at $289.0 million in Q4 2023.
- Average Free Cash Flow over 5 years is $2.1 billion, with a median of $2.0 billion recorded in 2022.
- Across the five-year window, Free Cash Flow plunged 87.48% in 2023 and jumped 1422.49% in 2024, its largest moves.
- Year by year, Free Cash Flow stood at $2.3 billion in 2022, then slumped by 87.48% to $289.0 million in 2023, then surged by 1422.49% to $4.4 billion in 2024, then tumbled by 78.16% to $961.0 million in 2025, then soared by 53.69% to $1.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $1.5 billion, $961.0 million, and $4.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 3.01 Bn |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 1.47 Bn |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 3.56 Bn |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | 547.00 Mn |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 2.93 Bn |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 1.48 Bn |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 2.43 Bn |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 2.18 Bn |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | 346.00 Mn |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 594.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 961.00 Mn |
| Dec 31, 2025 | 961.00 Mn |
| Sep 30, 2025 | 4.25 Bn |
| Sep 30, 2025 | 4.25 Bn |
| Jun 30, 2025 | 1.91 Bn |
| Jun 30, 2025 | 1.91 Bn |
| Mar 31, 2025 | 980.00 Mn |
| Mar 31, 2025 | 980.00 Mn |
| Dec 31, 2024 | 4.40 Bn |
| Dec 31, 2024 | 4.40 Bn |
| Sep 30, 2024 | 3.31 Bn |
| Sep 30, 2024 | 3.31 Bn |
| Jun 30, 2024 | 2.22 Bn |
| Jun 30, 2024 | 2.22 Bn |
| Mar 31, 2024 | 459.00 Mn |
| Mar 31, 2024 | 459.00 Mn |
| Dec 31, 2023 | 289.00 Mn |
| Dec 31, 2023 | 289.00 Mn |