Amgen (AMGN) Gross Margin (2009 - 2026)
Amgen (AMGN) posted Gross Margin of 72.04% for Q2 2026, up 5.69% on a QoQ basis from 68.16% in Q1 2026, and up 484.0% year-over-year from 12.34% in Q2 2025.
Analysis
Amgen (AMGN) Gross Margin (2009 - 2026) Analysis & Trends
Amgen has reported Gross Margin for 18 years, with the latest figure at 72.04% in Q2 2026.
- On a quarterly basis, Gross Margin rose 484.0% year-over-year to 72.04% in Q2 2026; TTM through Jun 2026 was 69.52%, a 503.0% increase from a year earlier, with the FY2025 full-year figure at 67.25%, up 572.0% from the prior year.
- Gross Margin was 72.04% for Q2 2026 at Amgen, up from 68.16% in the prior quarter.
- The five-year high for Gross Margin was 77.1% in Q2 2022, with the low at 280.61% in Q4 2022.
- Average Gross Margin over 5 years is 49.07%, with a median of 67.96% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 35552 bps in 2022, then jumped 34264 bps in 2023.
- Over 5 years, Gross Margin stood at 280.61% in 2022, then soared by 122 bps to 62.03% in 2023, then gained by 6 bps to 65.75% in 2024, then grew by 6 bps to 69.84% in 2025, then grew by 3 bps to 72.04% in 2026.
- The last three Gross Margin figures came in at 72.04% (Q2 2026), 68.16% (Q1 2026), and 69.84% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 72.04% |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 79.76% |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | 85.33% |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 91.59% |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | 90.43% |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | 35.86% |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | 76.90% |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 71.60% |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | 84.20% |
| 10 | BioNTech SE | 26.24 Bn | 12.58 Bn | 10.00 Mn | 8.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | -280.61% |
| Sep 30, 2022 | 76.13% |
| Jun 30, 2022 | 77.10% |
| Mar 31, 2022 | 74.98% |
| Dec 31, 2021 | 74.91% |
| Sep 30, 2021 | 76.01% |