Incyte (INCY) Gross Margin (2010 - 2026)
Incyte (INCY) reported Gross Margin of 91.79% for Q1 2026, down 126.0% on a YoY basis from 353.03% in Q1 2025, and little changed quarter-over-quarter from 91.96% in Q4 2025.
Incyte (INCY) Gross Margin (2010 - 2026) Analysis & Trends
Incyte has reported Gross Margin for 17 years, with the latest figure at 91.79% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 126.0% year-over-year to 91.79%; the trailing twelve-month figure through Mar 2026 stood at 92.47% (down 18.0% YoY), and the FY2025 full-year result was 92.76%, up 12.0% from the prior year.
- Gross Margin for Q1 2026 stood at 91.79%, roughly flat from 91.96% in the prior quarter.
- The five-year high for Gross Margin was 94.44% in Q2 2022, with the low at 91.79% in Q1 2026.
- Historically, Gross Margin has averaged 93.04% across 5 years, with a median of 93.05% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 173 bps — and 2025, when it soared 86 bps.
- Incyte's Gross Margin stood at 93.62% in 2022, then declined by 1 bps to 93.12% in 2023, then retreated by 1 bps to 92.49% in 2024, then slipped by 1 bps to 91.96% in 2025, then retreated by 0 bps to 91.79% in 2026.
- The last three Gross Margin figures came in at 91.79% (Q1 2026), 91.96% (Q4 2025), and 92.75% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 79.04% |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 86.85% |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Incyte | 19.62 Bn | 15.60 Bn | 1.17 Bn | 91.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 91.79% |
| Dec 31, 2025 | 91.96% |
| Sep 30, 2025 | 92.75% |
| Jun 30, 2025 | 93.52% |
| Mar 31, 2025 | 93.05% |
| Dec 31, 2024 | 92.49% |
| Sep 30, 2024 | 92.44% |
| Jun 30, 2024 | 92.66% |
| Mar 31, 2024 | 93.08% |
| Dec 31, 2023 | 93.12% |
| Sep 30, 2023 | 93.46% |
| Jun 30, 2023 | 92.84% |
| Mar 31, 2023 | 92.97% |
| Dec 31, 2022 | 93.62% |
| Sep 30, 2022 | 93.37% |
| Jun 30, 2022 | 94.44% |
| Mar 31, 2022 | 94.19% |
| Dec 31, 2021 | 94.92% |
| Sep 30, 2021 | 95.10% |
| Jun 30, 2021 | 94.61% |