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| 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% |