Amgen (AMGN) Gross Margin (2009 - 2026)
Amgen (AMGN) recorded Gross Margin of 73.10% in Q3 2026, up 5.35 percentage points from 67.75% a year earlier and up 1.06 percentage points from the prior quarter.
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Analysis
Amgen (AMGN) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Amgen's Gross Margin came in at 70.90% as of Sep 30, 2026, up 4.75 percentage points year-over-year; for FY2025, it was 67.25%, up 5.72 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -8.53 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 61.53% in FY2024 (-8.49 pp), 70.02% in FY2023 (-5.64 pp), 75.66% in FY2022 (+0.51 pp) and 75.16% in FY2021 (-0.62 pp).
- The Q3 2026 figure is the highest quarterly Gross Margin since Q3 2023.
- On a year-over-year basis, Gross Margin has increased for eight consecutive quarters, with an average year-over-year change of +5.20 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 6.68 percentage points in Q3 2025, against a drop of 14.80 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 72.04% (Q2 2026), 68.16% (Q1 2026) and 69.84% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 83.88% |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 68.12% |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 75.38% |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 72.95% |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 88.03% |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 73.10% |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 81.07% |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 75.71% |
| 10 | Vertex Pharmaceuticals | 136.55 Bn | 104.28 Bn | 2.91 Bn | 84.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.10% |
| Jun 30, 2026 | 72.04% |
| Mar 31, 2026 | 68.16% |
| Dec 31, 2025 | 69.84% |
| Sep 30, 2025 | 67.75% |
| Jun 30, 2025 | 67.20% |
| Mar 31, 2025 | 63.58% |
| Dec 31, 2024 | 65.75% |
| Sep 30, 2024 | 61.07% |
| Jun 30, 2024 | 61.42% |
| Mar 31, 2024 | 57.03% |
| Dec 31, 2023 | 62.03% |
| Sep 30, 2023 | 73.84% |
| Jun 30, 2023 | 74.05% |
| Mar 31, 2023 | 71.83% |
| Dec 31, 2022 | 74.46% |
| Sep 30, 2022 | 76.13% |
| Jun 30, 2022 | 77.10% |
| Mar 31, 2022 | 74.98% |
| Dec 31, 2021 | 74.91% |
API Access
Amgen Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AMGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();