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
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