Amgen (AMGN) Gross Margin (2009 - 2026)

Amgen (AMGN) posted quarterly Gross Margin of 68.16% for Q1 2026, up 458.0% year-over-year from 12.21% in Q1 2025, and down 61.82% on a QoQ basis from 178.54% in Q4 2025.

Amgen (AMGN) Gross Margin (2009 - 2026) Analysis & Trends

Amgen (AMGN) has reported Gross Margin for 18 consecutive years, with 68.16% the latest figure, recorded in 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 came in at 68.16% for Q1 2026 at Amgen, down from 178.54% in the prior quarter.
  • The five-year high for Gross Margin was 178.54% in Q4 2025, with the low at 280.61% in Q4 2022.
  • Average Gross Margin over 5 years is 60.67%, with a median of 73.84% recorded in 2023.
  • Across the five-year window, Gross Margin plunged 44696 bps in 2022 and soared 34264 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 280.61% in 2022, then surged by 122 bps to 62.03% in 2023, then climbed by 6 bps to 65.75% in 2024, then surged by 172 bps to 178.54% in 2025, then slumped by 62 bps to 68.16% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 68.16%, 178.54%, and 67.75% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 81.93%
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 66.31%
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 71.88%
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 87.65%
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 74.24%
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 68.16%
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 79.24%
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn -51.69%
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn 73.32%

Historic Data

Download Data
DateValue
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%