Incyte (INCY) Cost of Revenue (2012 - 2026)
Incyte's (INCY) quarterly Cost of Revenue came in at $105.0 million in Q2 2026, up 33.25% YoY from $78.8 million in Q2 2025, and little changed on a QoQ basis from $104.5 million in Q1 2026.
Analysis
Incyte (INCY) Cost of Revenue (2012 - 2026) Analysis & Trends
Incyte (INCY) has 15 years of Cost of Revenue data on file, last reported at $105.0 million in Q2 2026.
- Quarterly Cost of Revenue rose 33.25% year-over-year to $105.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $429.7 million (up 31.62% YoY) and the FY2025 annual result came in at $372.1 million, up 19.25% from the prior year.
- Cost of Revenue was little changed at $105.0 million in Q2 2026, from $104.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $121.2 million in Q4 2025 to a low of $42.6 million in Q1 2022.
- A 5-year average of $75.3 million and a median of $71.5 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 45.84% — and 2025, when it increased 2.78%.
- Tracing INCY's Cost of Revenue over 5 years: stood at $59.2 million in 2022, then grew by 17.9% to $69.8 million in 2023, then gained by 26.86% to $88.5 million in 2024, then jumped by 36.94% to $121.2 million in 2025, then dropped by 13.38% to $105.0 million in 2026.
- The last three Cost of Revenue figures came in at $105.0 million (Q2 2026), $104.5 million (Q1 2026), and $121.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.26 Bn | 131.41 Bn | 2.84 Bn | 489.20 Mn |
| 2 | Regeneron Pharmaceuticals | 85.64 Bn | 77.64 Bn | 3.93 Bn | 360.70 Mn |
| 3 | Argenx Se | 63.46 Bn | 58.27 Bn | 1.37 Bn | 145.00 Mn |
| 4 | Moderna | 57.83 Bn | 52.69 Bn | 52.00 Mn | 93.00 Mn |
| 5 | Revolution Medicines | 44.08 Bn | 44.08 Bn | - | - |
| 6 | BeOne Medicines | 39.94 Bn | 34.84 Bn | 1.53 Bn | 174.53 Mn |
| 7 | Alnylam Pharmaceuticals | 35.19 Bn | 31.88 Bn | 992.69 Mn | 298.26 Mn |
| 8 | Royalty Pharma | 28.42 Bn | 27.58 Bn | - | - |
| 9 | Insmed | 27.35 Bn | 26.19 Bn | 358.27 Mn | 67.21 Mn |
| 10 | Incyte | 25.57 Bn | 21.03 Bn | 1.57 Bn | 104.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 104.96 Mn |
| Mar 31, 2026 | 104.52 Mn |
| Dec 31, 2025 | 121.18 Mn |
| Sep 30, 2025 | 99.00 Mn |
| Jun 30, 2025 | 78.77 Mn |
| Mar 31, 2025 | 73.19 Mn |
| Dec 31, 2024 | 88.49 Mn |
| Sep 30, 2024 | 85.99 Mn |
| Jun 30, 2024 | 76.63 Mn |
| Mar 31, 2024 | 60.96 Mn |
| Dec 31, 2023 | 69.75 Mn |
| Sep 30, 2023 | 60.09 Mn |
| Jun 30, 2023 | 68.33 Mn |
| Mar 31, 2023 | 56.82 Mn |
| Dec 31, 2022 | 59.16 Mn |
| Sep 30, 2022 | 54.58 Mn |
| Jun 30, 2022 | 50.64 Mn |
| Mar 31, 2022 | 42.61 Mn |
| Dec 31, 2021 | 43.87 Mn |
| Sep 30, 2021 | 39.87 Mn |