Biogen (BIIB) Gross Margin (2009 - 2026)
Biogen (BIIB) posted quarterly Gross Margin of 73.32% for Q1 2026, down 79.0% year-over-year from 349.16% in Q1 2025, and down 6.31% on a QoQ basis from 78.26% in Q4 2025.
Biogen (BIIB) Gross Margin (2009 - 2026) Analysis & Trends
Biogen (BIIB) has reported Gross Margin for 18 consecutive years, with 73.32% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 79.0% year-over-year to 73.32%; the TTM figure through Mar 2026 stood at 75.49% (down 9.0% YoY), while the FY2025 annual figure was 75.69%, down 43.0% from the prior year.
- Gross Margin came in at 73.32% for Q1 2026 at Biogen, down from 78.26% in the prior quarter.
- The five-year high for Gross Margin was 93.55% in Q4 2022, with the low at 73.09% in Q1 2023.
- Average Gross Margin over 5 years is 78.94%, with a median of 76.33% recorded in 2024.
- Across the five-year window, Gross Margin soared 689 bps in 2022 and sank 1690 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 93.55% in 2022, then declined by 0 bps to 93.13% in 2023, then slipped by 18 bps to 76.23% in 2024, then advanced by 3 bps to 78.26% in 2025, then fell by 6 bps to 73.32% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 73.32%, 78.26%, and 73.39% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 81.93% |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 66.31% |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 71.88% |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | 87.65% |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 74.24% |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 68.16% |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 79.24% |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | -51.69% |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 73.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.32% |
| Dec 31, 2025 | 78.26% |
| Sep 30, 2025 | 73.39% |
| Jun 30, 2025 | 77.13% |
| Mar 31, 2025 | 74.11% |
| Dec 31, 2024 | 76.23% |
| Sep 30, 2024 | 74.10% |
| Jun 30, 2024 | 77.85% |
| Mar 31, 2024 | 76.33% |
| Dec 31, 2023 | 93.13% |
| Sep 30, 2023 | 73.93% |
| Jun 30, 2023 | 75.87% |
| Mar 31, 2023 | 73.09% |
| Dec 31, 2022 | 93.55% |
| Sep 30, 2022 | 81.28% |
| Jun 30, 2022 | 81.31% |
| Mar 31, 2022 | 89.14% |
| Dec 31, 2021 | 94.00% |
| Sep 30, 2021 | 81.58% |
| Jun 30, 2021 | 83.43% |