Amgen (AMGN) Free Cash Flow (2009 - 2026)

Amgen (AMGN) recorded quarterly Free Cash Flow of $1.5 billion in Q1 2026, up 53.69% quarter-over-quarter from $961.0 million in Q4 2025, and up 50.71% on a YoY basis from $980.0 million in Q1 2025.

Amgen (AMGN) Free Cash Flow (2009 - 2026) Analysis & Trends

Amgen's Free Cash Flow history runs 18 years deep, the most recent figure standing at $1.5 billion for 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 was $1.5 billion for Q1 2026 at Amgen, up from $961.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $4.4 billion in Q4 2024 to a low of $289.0 million in Q4 2023.
  • Historically, Free Cash Flow has averaged $2.1 billion across 5 years, with a median of $2.0 billion in 2022.
  • The sharpest annual moves came in 2023 and 2024: Free Cash Flow tumbled 87.48% in 2023, then jumped 1422.49% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at $2.3 billion in 2022, then sank by 87.48% to $289.0 million in 2023, then surged by 1422.49% to $4.4 billion in 2024, then slumped by 78.16% to $961.0 million in 2025, then soared by 53.69% to $1.5 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.5 billion (Q1 2026), $961.0 million (Q4 2025), and $4.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn 2.12 Bn
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 3.01 Bn
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 1.47 Bn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn 3.56 Bn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn 2.93 Bn
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 1.48 Bn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 2.43 Bn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn 2.18 Bn
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn 757.00 Mn
10 Novartis Ag 108.28 Bn 107.60 Bn - 346.00 Mn

Historic Data

Download Data
DateValue
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