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 | 1,130.22 Bn | 1,098.81 Bn | 19.71 Bn | 51.16% |
| 2 | Johnson & Johnson | 613.62 Bn | 532.15 Bn | 17.26 Bn | 28.21% |
| 3 | AbbVie | 501.46 Bn | 474.57 Bn | 12.70 Bn | 37.86% |
| 4 | Merck | 366.84 Bn | 321.22 Bn | 12.21 Bn | -3.52% |
| 5 | Novartis Ag | 297.85 Bn | 261.84 Bn | 11.24 Bn | 32.97% |
| 6 | Astrazeneca | 261.66 Bn | 235.34 Bn | 12.86 Bn | 20.57% |
| 7 | Amgen | 235.39 Bn | 190.79 Bn | 7.24 Bn | 34.95% |
| 8 | Gilead Sciences | 190.66 Bn | 164.86 Bn | 6.22 Bn | -133.21% |
| 9 | Pfizer | 169.57 Bn | 116.22 Bn | 10.94 Bn | 28.37% |
| 10 | Vertex Pharmaceuticals | 131.60 Bn | 103.61 Bn | 2.84 Bn | 37.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 35.46% |
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();