Amgen (AMGN) Free Cash Flow (2009 - 2026)
Amgen (AMGN) posted Free Cash Flow of $3.5 billion for Q2 2026, up 136.22% on a QoQ basis from $1.5 billion in Q1 2026, and up 82.57% year-over-year from $1.9 billion in Q2 2025.
Analysis
Amgen (AMGN) Free Cash Flow (2009 - 2026) Analysis & Trends
Amgen has reported Free Cash Flow for 18 years, with the latest figure at $3.5 billion in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 82.57% year-over-year to $3.5 billion in Q2 2026; TTM through Jun 2026 was $10.2 billion, a 4.05% decrease from a year earlier, with the FY2025 full-year figure at $8.1 billion, down 22.07% from the prior year.
- Free Cash Flow was $3.5 billion for Q2 2026 at Amgen, up from $1.5 billion 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 $2.2 billion, with a median of $2.1 billion recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow slumped 87.48% in 2023, then surged 1422.49% in 2024.
- Over 5 years, Free Cash Flow stood at $2.3 billion in 2022, then plunged by 87.48% to $289.0 million in 2023, then soared by 1422.49% to $4.4 billion in 2024, then sank by 78.16% to $961.0 million in 2025, then surged by 263.06% to $3.5 billion in 2026.
- The last three Free Cash Flow figures came in at $3.5 billion (Q2 2026), $1.5 billion (Q1 2026), and $961.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 3.49 Bn |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 3.43 Bn |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 1.01 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 572.80 Mn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | - |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | -563.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 292.04 Mn |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 408.00 Mn |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | -268.64 Mn |
| 10 | Insmed | 27.67 Bn | 26.51 Bn | 358.27 Mn | -95.09 Mn |
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 |