Biogen (BIIB) Operating Expenses (2009 - 2026)
Biogen (BIIB) posted quarterly Operating Expenses of $2.1 billion for Q1 2026, down 0.93% year-over-year from $2.1 billion in Q1 2025, and down 10.08% on a QoQ basis from $2.3 billion in Q4 2025.
Biogen (BIIB) Operating Expenses (2009 - 2026) Analysis & Trends
Biogen (BIIB) has reported Operating Expenses for 18 consecutive years, with $2.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 0.93% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $8.3 billion (up 3.11% YoY), while the FY2025 annual figure was $8.3 billion, up 7.26% from the prior year.
- Operating Expenses came in at $2.1 billion for Q1 2026 at Biogen, down from $2.3 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.7 billion in Q3 2023, with the low at $1.1 billion in Q3 2022.
- Average Operating Expenses over 5 years is $2.0 billion, with a median of $2.0 billion recorded in 2024.
- Across the five-year window, Operating Expenses slumped 54.28% in 2022 and jumped 134.88% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $1.9 billion in 2022, then grew by 7.96% to $2.1 billion in 2023, then gained by 3.27% to $2.2 billion in 2024, then increased by 7.96% to $2.3 billion in 2025, then decreased by 10.08% to $2.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.1 billion, $2.3 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 6.72 Bn |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 9.59 Bn |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 11.01 Bn |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | -8.41 Bn |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 19.82 Bn |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 5.95 Bn |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 4.37 Bn |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 5.50 Bn |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 2.10 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 2.19 Bn |