Incyte (INCY) Gross Margin (2010 - 2026)
Incyte posted quarterly Gross Margin of 91.79% for Q1 2026, down 126.0% year-on-year from 353.03% in Q1 2025, and little changed on a QoQ basis from 91.96% in Q4 2025.
Incyte (INCY) has 17 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 94.44% in Q2 2022 and bottomed at 91.79% in Q1 2026.
- The 5-year median for Gross Margin is 93.05% (2025), against an average of 93.04%.
- The widest annual swing landed in 2022, when Gross Margin slumped 173 bps; it then soared 86 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 93.62% in 2022, then fell by 1 bps to 93.12% in 2023, then decreased by 1 bps to 92.49% in 2024, then dropped by 1 bps to 91.96% in 2025, then decreased 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 | Quantum Biopharma | 1,216,509.61 Bn | 1,216,509.61 Bn | - | - |
| 2 | Alterity Therapeutics | 764,224.41 Bn | 764,224.38 Bn | - | - |
| 3 | Legend Biotech | 2,716.00 Bn | 2,715.71 Bn | 242.10 Mn | 79.04% |
| 4 | Nanobiotix | 2,248.83 Bn | 2,248.77 Bn | - | - |
| 5 | Akari Therapeutics | 1,951.18 Bn | 1,951.17 Bn | - | - |
| 6 | Vertex Pharmaceuticals | 113.69 Bn | 106.44 Bn | 2.59 Bn | 86.85% |
| 7 | Evaxion A | 64.16 Bn | 64.14 Bn | - | - |
| 8 | Regeneron Pharmaceuticals | 63.94 Bn | 55.18 Bn | 3.31 Bn | 91.79% |
| 9 | Alnylam Pharmaceuticals | 40.13 Bn | 37.12 Bn | 959.66 Mn | 82.22% |
| 10 | Incyte | 19.28 Bn | 15.27 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% |
| Mar 31, 2021 | 95.17% |
| Dec 31, 2020 | 95.40% |
| Sep 30, 2020 | 94.47% |
| Jun 30, 2020 | 95.15% |
| Mar 31, 2020 | 95.19% |
| Dec 31, 2019 | 94.44% |
| Sep 30, 2019 | 94.55% |
| Jun 30, 2019 | 94.45% |
| Mar 31, 2019 | 95.46% |
| Dec 31, 2018 | 95.01% |
| Sep 30, 2018 | 94.49% |
| Jun 30, 2018 | 95.23% |
| Mar 31, 2018 | 95.26% |
| Dec 31, 2017 | 94.97% |
| Sep 30, 2017 | 94.22% |
| Jun 30, 2017 | 93.79% |
| Mar 31, 2017 | 96.14% |
| Dec 31, 2016 | 93.99% |
| Sep 30, 2016 | 92.50% |
| Jun 30, 2016 | 94.98% |
| Mar 31, 2016 | 97.72% |
| Dec 31, 2015 | 96.02% |
| Sep 30, 2015 | 95.71% |
| Jun 30, 2015 | 96.16% |
| Mar 31, 2015 | 98.13% |
| Dec 31, 2014 | 98.04% |
| Sep 30, 2014 | 99.89% |
| Jun 30, 2014 | 99.81% |
| Mar 31, 2014 | 99.81% |
| Dec 31, 2013 | 99.83% |
| Sep 30, 2013 | 99.82% |
| Jun 30, 2013 | 99.85% |
| Mar 31, 2013 | 99.79% |
| Dec 31, 2012 | 99.91% |
| Sep 30, 2012 | 99.95% |
| Jun 30, 2012 | 99.98% |
| Mar 31, 2012 | 99.97% |
| Dec 31, 2011 | 100.00% |
| Sep 30, 2011 | 100.00% |
| Jun 30, 2011 | 99.88% |
| Mar 31, 2011 | 97.84% |
| Dec 31, 2010 | 100.02% |
| Sep 30, 2010 | 99.18% |
| Jun 30, 2010 | 99.71% |
| Mar 31, 2010 | 99.33% |