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
DateValue
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