Amgen (AMGN) Operating Margin (2009 - 2026)
Amgen (AMGN) posted Operating Margin of 34.95% for Q2 2026, up 6.02 percentage points from 28.94% a year earlier and up 4.02 percentage points from the prior quarter.
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Analysis
Amgen (AMGN) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Amgen was 29.99%, up 6.53 percentage points year-over-year; for FY2025, it came in at 24.71%, up 2.99 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -11.24 percentage points (FY2020 to FY2025).
- In prior years, Amgen's Operating Margin was 21.71% in FY2024 (-6.30 pp), 28.01% in FY2023 (-8.33 pp), 36.34% in FY2022 (+6.94 pp) and 29.40% in FY2021 (-6.54 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q2 2023.
- On a year-over-year basis, Operating Margin has increased in each of the last seven quarters, with an average year-over-year change of +4.88 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2022, with a gain of 20.31 percentage points; the weakest was Q1 2024, with a drop of 18.16 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 30.94% (Q1 2026), 27.57% (Q4 2025) and 26.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 34.46% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 30.74% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 32.98% |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 20.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.79% |
| Jun 30, 2026 | 34.95% |
| Mar 31, 2026 | 30.94% |
| Dec 31, 2025 | 27.57% |
| Sep 30, 2025 | 26.43% |
| Jun 30, 2025 | 28.94% |
| Mar 31, 2025 | 14.46% |
| Dec 31, 2024 | 25.43% |
| Sep 30, 2024 | 24.07% |
| Jun 30, 2024 | 22.76% |
| Mar 31, 2024 | 13.31% |
| Dec 31, 2023 | 15.51% |
| Sep 30, 2023 | 29.28% |
| Jun 30, 2023 | 38.42% |
| Mar 31, 2023 | 31.47% |
| Dec 31, 2022 | 32.61% |
| Sep 30, 2022 | 39.99% |
| Jun 30, 2022 | 33.00% |
| Mar 31, 2022 | 40.08% |
| Dec 31, 2021 | 33.65% |
API Access
Amgen Operating 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=operating-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();