Biogen (BIIB) Cost of Revenue (2009 - 2026)
Biogen (BIIB) posted Cost of Revenue of $776.9 million for Q2 2026, up 17.53% on a QoQ basis from $661.0 million in Q1 2026, and up 28.41% year-over-year from $605.0 million in Q2 2025.
Analysis
Biogen (BIIB) Cost of Revenue (2009 - 2026) Analysis & Trends
Biogen has reported Cost of Revenue for 18 years, with the latest figure at $776.9 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 28.41% year-over-year to $776.9 million in Q2 2026; TTM through Jun 2026 was $2.6 billion, a 6.16% increase from a year earlier, with the FY2025 full-year figure at $2.4 billion, up 4.06% from the prior year.
- Cost of Revenue was $776.9 million for Q2 2026 at Biogen, up from $661.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $776.9 million in Q2 2026, with the low at $164.0 million in Q4 2022.
- Average Cost of Revenue over 5 years is $561.3 million, with a median of $598.8 million recorded in 2023.
- The largest YoY upside for Cost of Revenue was 255.79% in 2024 against a maximum downside of 18.2% in 2024.
- Over 5 years, Cost of Revenue stood at $164.0 million in 2022, then changed by 0.0% to $164.0 million in 2023, then jumped by 255.79% to $583.5 million in 2024, then dropped by 15.08% to $495.5 million in 2025, then jumped by 56.79% to $776.9 million in 2026.
- The last three Cost of Revenue figures came in at $776.9 million (Q2 2026), $661.0 million (Q1 2026), and $495.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 208.48 Bn | 194.49 Bn | 7.24 Bn | 2.81 Bn |
| 2 | Gilead Sciences | 186.29 Bn | 183.02 Bn | 6.22 Bn | 1.58 Bn |
| 3 | Vertex Pharmaceuticals | 128.79 Bn | 120.93 Bn | 2.84 Bn | 489.20 Mn |
| 4 | Regeneron Pharmaceuticals | 80.66 Bn | 72.67 Bn | 3.93 Bn | 360.70 Mn |
| 5 | Moderna | 61.46 Bn | 56.32 Bn | 52.00 Mn | 93.00 Mn |
| 6 | Argenx Se | 61.28 Bn | 56.10 Bn | 1.37 Bn | 145.00 Mn |
| 7 | Alnylam Pharmaceuticals | 32.04 Bn | 28.73 Bn | 992.69 Mn | 298.26 Mn |
| 8 | Biogen | 31.84 Bn | 30.56 Bn | 1.96 Bn | 776.90 Mn |
| 9 | Roivant Sciences | 28.74 Bn | 29.43 Bn | 1.16 Mn | 284,000.00 |
| 10 | Insmed | 26.19 Bn | 25.03 Bn | 358.27 Mn | 67.21 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 | 164.00 Mn |
| Sep 30, 2023 | 659.60 Mn |
| Jun 30, 2023 | 592.70 Mn |
| Mar 31, 2023 | 662.80 Mn |
| Dec 31, 2022 | 164.00 Mn |
| Sep 30, 2022 | 469.50 Mn |
| Jun 30, 2022 | 484.00 Mn |
| Mar 31, 2022 | 753.90 Mn |
| Dec 31, 2021 | 164.00 Mn |
| Sep 30, 2021 | 511.80 Mn |