Incyte (INCY) Net Margin (2010 - 2026)
Incyte (INCY) reported Net Margin of 23.83% for Q1 2026, up 881.0% on a YoY basis from 2.43% in Q1 2025, and up 20.0% quarter-over-quarter from 19.86% in Q4 2025.
Incyte (INCY) Net Margin (2010 - 2026) Analysis & Trends
Incyte has reported Net Margin for 17 years, with the latest figure at 23.83% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 881.0% year-over-year to 23.83%; the trailing twelve-month figure through Mar 2026 stood at 26.71% (up 2623.0% YoY), and the FY2025 full-year result was 25.03%, up 2426.0% from the prior year.
- Net Margin for Q1 2026 stood at 23.83%, up from 19.86% in the prior quarter.
- The five-year high for Net Margin was 33.32% in Q2 2025, with the low at 42.6% in Q2 2024.
- Historically, Net Margin has averaged 13.43% across 5 years, with a median of 17.71% in 2022.
- Annual changes were most pronounced in 2024 — Net Margin plunged 6392 bps — and 2025, when it soared 7591 bps.
- Incyte's Net Margin stood at 3.07% in 2022, then surged by 546 bps to 19.84% in 2023, then fell by 14 bps to 17.07% in 2024, then rose by 16 bps to 19.86% in 2025, then increased by 20 bps to 23.83% in 2026.
- The last three Net Margin figures came in at 23.83% (Q1 2026), 19.86% (Q4 2025), and 31.05% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | 0.82% |
| 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 | 34.53% |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Incyte | 19.62 Bn | 15.60 Bn | 1.17 Bn | 23.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.83% |
| Dec 31, 2025 | 19.86% |
| Sep 30, 2025 | 31.05% |
| Jun 30, 2025 | 33.32% |
| Mar 31, 2025 | 15.03% |
| Dec 31, 2024 | 17.07% |
| Sep 30, 2024 | 9.36% |
| Jun 30, 2024 | -42.60% |
| Mar 31, 2024 | 19.25% |
| Dec 31, 2023 | 19.84% |
| Sep 30, 2023 | 18.64% |
| Jun 30, 2023 | 21.32% |
| Mar 31, 2023 | 2.68% |
| Dec 31, 2022 | 3.07% |
| Sep 30, 2022 | 13.70% |
| Jun 30, 2022 | 17.71% |
| Mar 31, 2022 | 5.18% |
| Dec 31, 2021 | 65.35% |
| Sep 30, 2021 | 22.35% |
| Jun 30, 2021 | 21.18% |