Biogen BIIB
NASDAQ BIIB
$217.15 +1.72 (+0.80%)
As of: Sep 11, 2026 · 3:59 PM EDT

Biogen (BIIB) Free Cash Flow (2009 - 2026)

Biogen (BIIB) posted Free Cash Flow of $408.0 million for Q2 2026, down 31.35% on a QoQ basis from $594.3 million in Q1 2026, and up 203.8% year-over-year from $134.3 million in Q2 2025.

Analysis

Biogen (BIIB) Free Cash Flow (2009 - 2026) Analysis & Trends

Biogen has reported Free Cash Flow for 18 years, with the latest figure at $408.0 million in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 203.8% year-over-year to $408.0 million in Q2 2026; TTM through Jun 2026 was $2.7 billion, a 36.28% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, down 24.65% from the prior year.
  • Free Cash Flow was $408.0 million for Q2 2026 at Biogen, down from $594.3 million in the prior quarter.
  • The five-year high for Free Cash Flow was $1.2 billion in Q3 2025, with the low at -$261.4 million in Q4 2022.
  • Average Free Cash Flow over 5 years is $455.0 million, with a median of $487.6 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2024: Free Cash Flow slumped 133.23% in 2022, then surged 1469.26% in 2024.
  • Over 5 years, Free Cash Flow stood at -$261.4 million in 2022, then surged by 79.84% to -$52.7 million in 2023, then soared by 1469.26% to $721.6 million in 2024, then sank by 35.14% to $468.0 million in 2025, then decreased by 12.82% to $408.0 million in 2026.
  • The last three Free Cash Flow figures came in at $408.0 million (Q2 2026), $594.3 million (Q1 2026), and $468.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Amgen 203.97 Bn 189.99 Bn 7.24 Bn 3.49 Bn
2 Gilead Sciences 178.74 Bn 175.56 Bn 6.22 Bn 3.43 Bn
3 Vertex Pharmaceuticals 130.73 Bn 122.88 Bn 2.84 Bn 1.01 Bn
4 Regeneron Pharmaceuticals 80.42 Bn 72.42 Bn 3.93 Bn 572.80 Mn
5 Argenx Se 60.40 Bn 55.21 Bn 1.37 Bn -
6 Moderna 57.65 Bn 52.52 Bn 52.00 Mn -563.00 Mn
7 Alnylam Pharmaceuticals 33.37 Bn 30.07 Bn 992.69 Mn 292.04 Mn
8 Biogen 32.15 Bn 30.86 Bn 1.96 Bn 408.00 Mn
9 Roivant Sciences 29.58 Bn 29.58 Bn 1.16 Mn -268.64 Mn
10 Insmed 28.06 Bn 26.90 Bn 358.27 Mn -95.09 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 408.00 Mn
Mar 31, 2026 594.30 Mn
Dec 31, 2025 468.00 Mn
Sep 30, 2025 1.23 Bn
Jun 30, 2025 134.30 Mn
Mar 31, 2025 222.20 Mn
Dec 31, 2024 721.60 Mn
Sep 30, 2024 900.60 Mn
Jun 30, 2024 592.30 Mn
Mar 31, 2024 507.30 Mn
Dec 31, 2023 -52.70 Mn
Sep 30, 2023 518.20 Mn
Jun 30, 2023 416.00 Mn
Mar 31, 2023 388.70 Mn
Dec 31, 2022 -261.40 Mn
Sep 30, 2022 601.90 Mn
Jun 30, 2022 699.60 Mn
Mar 31, 2022 103.90 Mn
Dec 31, 2021 786.70 Mn
Sep 30, 2021 763.30 Mn