Amgen AMGN
NASDAQ AMGN
$382.47 -8.80 (-2.25%)
At close: Sep 10, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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