Biogen (BIIB) Gross Margin (2009 - 2026)
Biogen (BIIB) posted Gross Margin of 71.6% for Q2 2026, down 2.34% on a QoQ basis from 73.32% in Q1 2026, and down 553.0% year-over-year from 15.81% in Q2 2025.
Analysis
Biogen (BIIB) Gross Margin (2009 - 2026) Analysis & Trends
Biogen has reported Gross Margin for 18 years, with the latest figure at 71.6% in Q2 2026.
- On a quarterly basis, Gross Margin fell 553.0% year-over-year to 71.6% in Q2 2026; TTM through Jun 2026 was 73.99%, a 143.0% decrease from a year earlier, with the FY2025 full-year figure at 75.69%, down 43.0% from the prior year.
- Gross Margin was 71.6% for Q2 2026 at Biogen, down from 73.32% in the prior quarter.
- The five-year high for Gross Margin was 93.55% in Q4 2022, with the low at 70.22% in Q1 2022.
- Average Gross Margin over 5 years is 77.48%, with a median of 76.05% recorded in 2023.
- The largest YoY upside for Gross Margin was 324 bps in 2024 against a maximum downside of 1690 bps in 2024.
- Over 5 years, Gross Margin stood at 93.55% in 2022, then slipped by 0 bps to 93.13% in 2023, then retreated by 18 bps to 76.23% in 2024, then rose by 3 bps to 78.26% in 2025, then decreased by 9 bps to 71.6% in 2026.
- The last three Gross Margin figures came in at 71.6% (Q2 2026), 73.32% (Q1 2026), and 78.26% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 72.04% |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 79.76% |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 85.33% |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 91.59% |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | 90.43% |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | 35.86% |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 76.90% |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 71.60% |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | 80.31% |
| 10 | Insmed | 27.67 Bn | 26.51 Bn | 358.27 Mn | 84.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.60% |
| 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 | 70.22% |
| Dec 31, 2021 | 94.00% |
| Sep 30, 2021 | 81.58% |