Amgen (AMGN) Net Margin (2009 - 2026)
Amgen's Net Margin was 23.62% in Q2 2026, up 8.02 percentage points from 15.60% a year earlier and up 2.52 percentage points from the prior quarter.
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Analysis
Amgen (AMGN) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Amgen's Net Margin was 22.95% through Jun 30, 2026, up 3.99 percentage points year-over-year; for FY2025, it was 20.98%, up 8.75 percentage points from FY2024.
- Net Margin shows a five-year change of -7.59 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 12.24% in FY2024 (-11.59 pp), 23.83% in FY2023 (-1.06 pp), 24.89% in FY2022 (+2.21 pp) and 22.68% in FY2021 (-5.89 pp).
- Quarterly Net Margin has moved between -1.52% (Q1 2024) and 46.54% (Q1 2023) over five years.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +6.26 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2023 (a gain of 22.87 percentage points); the worst was Q1 2024 (a drop of 48.05 percentage points).
- Per Business Quant data, AMGN's Net Margin in the three quarters before Q2 2026 was 21.11% (Q1 2026), 13.51% (Q4 2025) and 33.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 26.44% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 0.83% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 24.24% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 28.01% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 20.69% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 37.28% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 29.27% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 19.55% |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 19.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.28% |
| Jun 30, 2026 | 23.62% |
| Mar 31, 2026 | 21.11% |
| Dec 31, 2025 | 13.51% |
| Sep 30, 2025 | 33.65% |
| Jun 30, 2025 | 15.60% |
| Mar 31, 2025 | 21.23% |
| Dec 31, 2024 | 6.90% |
| Sep 30, 2024 | 33.28% |
| Jun 30, 2024 | 8.89% |
| Mar 31, 2024 | -1.52% |
| Dec 31, 2023 | 9.36% |
| Sep 30, 2023 | 25.06% |
| Jun 30, 2023 | 19.74% |
| Mar 31, 2023 | 46.54% |
| Dec 31, 2022 | 23.63% |
| Sep 30, 2022 | 32.22% |
| Jun 30, 2022 | 19.97% |
| Mar 31, 2022 | 23.66% |
| Dec 31, 2021 | 27.74% |
API Access
Amgen Net 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=net-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();