Genmab A (GMAB) Operating Margin (2024 - 2026)
Genmab A's (GMAB) quarterly Operating Margin came in at 20.09% in Q1 2026, down 620.0% YoY from 3.86% in Q1 2025, and down 46.89% on a QoQ basis from 37.83% in Q3 2025.
Genmab A (GMAB) Operating Margin (2024 - 2026) Analysis & Trends
Genmab A (GMAB) has 3 years of Operating Margin data on file, last reported at 20.09% in Q1 2026.
- Quarterly Operating Margin fell 620.0% year-over-year to 20.09% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.52% (up 561.0% YoY) and the FY2025 annual result came in at 28.63%, down 251.0% from the prior year.
- Operating Margin slipped to 20.09% in Q1 2026, from 37.83% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 37.83% in Q3 2025 to a low of 19.24% in Q1 2024.
- A 3-year average of 27.49% and a median of 26.29% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2025 — Operating Margin surged 794 bps — and 2026, when it sank 620 bps.
- Tracing GMAB's Operating Margin over 3 years: stood at 30.12% in 2024, then rose by 26 bps to 37.83% in 2025, then plunged by 47 bps to 20.09% in 2026.
- The last three Operating Margin figures came in at 20.09% (Q1 2026), 37.83% (Q3 2025), and 33.41% (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | 37.40% |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 30.15% |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | 31.68% |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | - |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 19.06% |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | -105.20% |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | 19.75% |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | 17.93% |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | -0.36% |
| 10 | Genmab A | 2.05 Bn | 548.77 Mn | 1.07 Bn | 32.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.47% |
| Mar 31, 2026 | 20.09% |
| Sep 30, 2025 | 37.83% |
| Jun 30, 2025 | 33.41% |
| Mar 31, 2025 | 26.29% |
| Sep 30, 2024 | 30.12% |
| Jun 30, 2024 | 25.47% |
| Mar 31, 2024 | 19.24% |