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
DateValue
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%