Amgen (AMGN) Gross Margin (2009 - 2026)
Amgen (AMGN) recorded quarterly Gross Margin of 68.16% in Q1 2026, down 61.82% quarter-over-quarter from 178.54% in Q4 2025, and up 458.0% on a YoY basis from 12.21% in Q1 2025.
Amgen (AMGN) Gross Margin (2009 - 2026) Analysis & Trends
Amgen's Gross Margin history runs 18 years deep, the most recent figure standing at 68.16% for Q1 2026.
- In Q1 2026, Gross Margin rose 458.0% year-over-year to 68.16%; the TTM figure through Mar 2026 stood at 104.96% (up 3247.0% YoY), while the FY2025 annual figure was 96.43%, up 3490.0% from the prior year.
- Gross Margin was 68.16% for Q1 2026 at Amgen, down from 178.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 178.54% in Q4 2025 to a low of 280.61% in Q4 2022.
- Historically, Gross Margin has averaged 60.67% across 5 years, with a median of 73.84% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 44696 bps in 2022, then soared 34264 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 280.61% in 2022, then surged by 122 bps to 62.03% in 2023, then rose by 6 bps to 65.75% in 2024, then surged by 172 bps to 178.54% in 2025, then sank by 62 bps to 68.16% in 2026.
- The last three Gross Margin figures came in at 68.16% (Q1 2026), 178.54% (Q4 2025), and 67.75% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Gsk | 92,316,836.42 Bn | 92,316,831.46 Bn | 7.76 Bn | 75.42% |
| 2 | Eli Lilly | 983.57 Bn | 978.29 Bn | 16.22 Bn | 81.93% |
| 3 | Johnson & Johnson | 553.56 Bn | 531.50 Bn | 15.96 Bn | 66.31% |
| 4 | AbbVie | 383.35 Bn | 374.00 Bn | 10.78 Bn | 71.88% |
| 5 | Merck | 281.71 Bn | 276.06 Bn | 12.09 Bn | 74.24% |
| 6 | Amgen | 182.20 Bn | 170.16 Bn | 5.87 Bn | 68.16% |
| 7 | Gilead Sciences | 153.71 Bn | 145.98 Bn | 5.52 Bn | 79.24% |
| 8 | Pfizer | 143.75 Bn | 130.98 Bn | -1.21 Bn | -51.69% |
| 9 | Bristol Myers Squibb | 109.71 Bn | 99.25 Bn | 8.07 Bn | 70.22% |
| 10 | Novartis Ag | 108.28 Bn | 107.60 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.16% |
| Dec 31, 2025 | 178.54% |
| Sep 30, 2025 | 67.75% |
| Jun 30, 2025 | 99.16% |
| Mar 31, 2025 | 63.58% |
| Dec 31, 2024 | 65.75% |
| Sep 30, 2024 | 99.17% |
| Jun 30, 2024 | 61.42% |
| Mar 31, 2024 | 98.59% |
| Dec 31, 2023 | 62.03% |
| Sep 30, 2023 | 73.84% |
| Jun 30, 2023 | 74.05% |
| Mar 31, 2023 | 71.83% |
| Dec 31, 2022 | -280.61% |
| Sep 30, 2022 | 76.13% |
| Jun 30, 2022 | 77.10% |
| Mar 31, 2022 | 74.98% |
| Dec 31, 2021 | 166.35% |
| Sep 30, 2021 | 76.01% |
| Jun 30, 2021 | 74.92% |