Amgen (AMGN) Tax Rate (2009 - 2026)
Amgen (AMGN) posted quarterly Tax Rate of 12.72% for Q1 2026, up 40.0% year-over-year from 9.08% in Q1 2025, and up 6.36% on a QoQ basis from 11.96% in Q4 2025.
Amgen (AMGN) Tax Rate (2009 - 2026) Analysis & Trends
Amgen (AMGN) has reported Tax Rate for 18 consecutive years, with 12.72% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 40.0% year-over-year to 12.72%; the TTM figure through Mar 2026 stood at 14.16% (up 338.0% YoY), while the FY2025 annual figure was 14.09%, up 283.0% from the prior year.
- Tax Rate came in at 12.72% for Q1 2026 at Amgen, up from 11.96% in the prior quarter.
- The five-year high for Tax Rate was 19.82% in Q4 2024, with the low at 66.18% in Q1 2024.
- Average Tax Rate over 5 years is 7.59%, with a median of 11.88% recorded in 2022.
- Across the five-year window, Tax Rate tumbled 8364 bps in 2024 and soared 7849 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 7.55% in 2022, then surged by 32 bps to 9.98% in 2023, then jumped by 99 bps to 19.82% in 2024, then plunged by 40 bps to 11.96% in 2025, then advanced by 6 bps to 12.72% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 12.72%, 11.96%, and 17.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 16.43% |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 12.60% |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 32.92% |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | 78.72% |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | -20.26% |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 12.72% |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 21.67% |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 14.54% |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 15.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.72 |
| Mar 31, 2026 | 12.72 |
| Dec 31, 2025 | 11.96 |
| Dec 31, 2025 | 11.96 |
| Sep 30, 2025 | 17.98 |
| Sep 30, 2025 | 17.98 |
| Jun 30, 2025 | 8.67 |
| Jun 30, 2025 | 8.67 |
| Mar 31, 2025 | 12.32 |
| Mar 31, 2025 | 12.32 |
| Dec 31, 2024 | 19.82 |
| Dec 31, 2024 | 19.82 |
| Sep 30, 2024 | 8.74 |
| Sep 30, 2024 | 8.74 |
| Jun 30, 2024 | 6.05 |
| Jun 30, 2024 | 6.05 |
| Mar 31, 2024 | -66.18 |
| Mar 31, 2024 | -66.18 |
| Dec 31, 2023 | 9.98 |
| Dec 31, 2023 | 9.98 |