Biogen (BIIB) Cost of Revenue (2009 - 2026)
Biogen (BIIB) recorded Cost of Revenue of $776.9 million in Q2 2026, up 28.4% from $605 million a year earlier and up 17.5% from the prior quarter.
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Analysis
Biogen (BIIB) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, Biogen's Cost of Revenue came in at $2.61 billion as of Jun 30, 2026, up 6.2% year-over-year; for FY2025, it was $2.4 billion, up 4.1% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $2.31 billion in FY2024 (-8.8%), $2.53 billion in FY2023 (+11.2%), $2.28 billion in FY2022 (+8.0%) and $2.11 billion in FY2021 (+16.9%).
- The Q2 2026 figure is the highest quarterly Cost of Revenue in data going back to Q1 2009.
- On a year-over-year basis, Cost of Revenue rose in five of the last eight quarters, with growth averaging 5.3%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 57.7% in Q1 2022, against a decline of 18.2% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $661 million (Q1 2026), $495.5 million (Q4 2025) and $674.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,199.50 Bn | 1,168.08 Bn | 19.71 Bn | 3.27 Bn |
| 2 | Johnson & Johnson | 635.17 Bn | 555.03 Bn | 17.30 Bn | 8.10 Bn |
| 3 | AbbVie | 504.69 Bn | 477.85 Bn | 12.70 Bn | 4.29 Bn |
| 4 | Merck | 358.43 Bn | 312.86 Bn | 12.21 Bn | 4.40 Bn |
| 5 | Novartis Ag | 288.36 Bn | 252.75 Bn | 11.24 Bn | 3.71 Bn |
| 6 | Astrazeneca | 265.78 Bn | 239.54 Bn | 12.86 Bn | 2.52 Bn |
| 7 | Amgen | 237.46 Bn | 192.86 Bn | 7.24 Bn | 2.81 Bn |
| 8 | Gilead Sciences | 193.65 Bn | 167.76 Bn | 6.22 Bn | 1.58 Bn |
| 9 | Pfizer | 171.05 Bn | 118.00 Bn | 10.94 Bn | 4.09 Bn |
| 10 | Biogen | 37.04 Bn | 23.70 Bn | 1.96 Bn | 776.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 776.90 Mn |
| Mar 31, 2026 | 661.00 Mn |
| Dec 31, 2025 | 495.50 Mn |
| Sep 30, 2025 | 674.40 Mn |
| Jun 30, 2025 | 605.00 Mn |
| Mar 31, 2025 | 629.30 Mn |
| Dec 31, 2024 | 583.50 Mn |
| Sep 30, 2024 | 638.70 Mn |
| Jun 30, 2024 | 546.00 Mn |
| Mar 31, 2024 | 542.20 Mn |
| Dec 31, 2023 | 618.30 Mn |
| Sep 30, 2023 | 659.60 Mn |
| Jun 30, 2023 | 592.70 Mn |
| Mar 31, 2023 | 662.80 Mn |
| Dec 31, 2022 | 570.90 Mn |
| Sep 30, 2022 | 469.50 Mn |
| Jun 30, 2022 | 484.00 Mn |
| Mar 31, 2022 | 753.90 Mn |
| Dec 31, 2021 | 660.10 Mn |
| Sep 30, 2021 | 511.80 Mn |
API Access
Biogen Cost of Revenue 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=cost-of-revenue&ticker=BIIB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BIIB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BIIB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();