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| 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 |