Immunocore Holdings (IMCR) Net Margin (2023 - 2026)
Immunocore Holdings' (IMCR) quarterly Net Margin came in at 12.16% in Q1 2026, up 685.0% year-on-year from 1.55% in Q1 2025, and up 142.2% quarter-over-quarter from 28.82% in Q4 2025.
Immunocore Holdings (IMCR) Net Margin (2023 - 2026) Analysis & Trends
Immunocore Holdings has disclosed Net Margin across 4 years of filings, most recently posting 12.16% for Q1 2026.
- Net Margin for Q1 2026 came in at 12.16%, up 685.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.69% (down 18.0% YoY), and the FY2025 annual result was 8.88%, up 759.0% from the prior year.
- Net Margin came in at 12.16% for Q1 2026 at Immunocore Holdings, up from 28.82% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.16% in Q1 2026 to a low of 35.58% in Q1 2023.
- The 4-year median for Net Margin is 15.42% (2024), against an average of 13.87%.
- Peak annual rise in Net Margin reached 3997 bps in 2025, while the deepest fall reached 1100 bps in 2025.
- Immunocore Holdings' Net Margin stood at 28.12% in 2023, then declined by 1 bps to 28.28% in 2024, then decreased by 2 bps to 28.82% in 2025, then surged by 142 bps to 12.16% in 2026.
- The last three Net Margin figures came in at 12.16% (Q1 2026), 28.82% (Q4 2025), and 0.17% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 767,934.24 Bn | 767,934.20 Bn | - | - |
| 2 | Belite Bio | 55,234.00 Bn | 55,234.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,823.14 Bn | 17,823.14 Bn | - | - |
| 4 | Legend Biotech | 3,624.50 Bn | 3,624.21 Bn | 242.10 Mn | 0.82% |
| 5 | Akari Therapeutics | 1,745.73 Bn | 1,745.73 Bn | - | - |
| 6 | Evaxion A | 1,540.85 Bn | 1,540.84 Bn | - | - |
| 7 | Psyence Biomedical | 229.39 Bn | 229.38 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 112.57 Bn | 105.33 Bn | 2.59 Bn | 34.53% |
| 9 | Abivax | 93.46 Bn | 93.46 Bn | - | - |
| 10 | Immunocore Holdings | 1.46 Bn | 616.35 Mn | 106.24 Mn | 12.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.16% |
| Dec 31, 2025 | -28.82% |
| Sep 30, 2025 | -0.17% |
| Jun 30, 2025 | -10.51% |
| Mar 31, 2025 | 5.31% |
| Dec 31, 2024 | -28.28% |
| Sep 30, 2024 | 10.83% |
| Jun 30, 2024 | -15.42% |
| Mar 31, 2024 | -34.66% |
| Dec 31, 2023 | -28.12% |
| Sep 30, 2023 | 1.40% |
| Jun 30, 2023 | -28.47% |
| Mar 31, 2023 | -35.58% |