Biogen (BIIB) Operating Expenses (2009 - 2026)
Biogen (BIIB) posted Operating Expenses of $2.6 billion for Q2 2026, up 36.9% from $1.9 billion a year earlier and up 24.0% from the prior quarter.
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Analysis
Biogen (BIIB) Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Biogen was $9.02 billion, up 10.0% year-over-year; for FY2025, it came in at $8.33 billion, up 7.3% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of -0.2% (FY2020 to FY2025).
- In prior years, Biogen's Operating Expenses was $7.77 billion in FY2024 (-9.0%), $8.54 billion in FY2023 (+29.7%), $6.58 billion in FY2022 (-28.7%) and $9.24 billion in FY2021 (+10.0%).
- The Q2 2026 figure stands as the highest quarterly Operating Expenses since Q3 2023.
- On a year-over-year basis, Operating Expenses increased in five of the last eight quarters, with growth averaging 5.6%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2023, with growth of 134.9%; the weakest was Q3 2022, with a decline of 54.3%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $2.1 billion (Q1 2026), $2.34 billion (Q4 2025) and $1.98 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Biogen | 33.37 Bn | 20.03 Bn | 1.96 Bn | 2.60 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.60 Bn |
| Mar 31, 2026 | 2.10 Bn |
| Dec 31, 2025 | 2.34 Bn |
| Sep 30, 2025 | 1.98 Bn |
| Jun 30, 2025 | 1.90 Bn |
| Mar 31, 2025 | 2.12 Bn |
| Dec 31, 2024 | 2.16 Bn |
| Sep 30, 2024 | 2.01 Bn |
| Jun 30, 2024 | 1.77 Bn |
| Mar 31, 2024 | 1.83 Bn |
| Dec 31, 2023 | 2.09 Bn |
| Sep 30, 2023 | 2.67 Bn |
| Jun 30, 2023 | 1.75 Bn |
| Mar 31, 2023 | 2.02 Bn |
| Dec 31, 2022 | 1.94 Bn |
| Sep 30, 2022 | 1.14 Bn |
| Jun 30, 2022 | 1.32 Bn |
| Mar 31, 2022 | 2.18 Bn |
| Dec 31, 2021 | 2.33 Bn |
| Sep 30, 2021 | 2.49 Bn |
API Access
Biogen Operating Expenses 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=operating-expenses&ticker=BIIB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BIIB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();