Incyte (INCY) Net Margin (2010 - 2026)
Incyte (INCY) posted Net Margin of 23.83% for Q1 2026, up 20.0% on a QoQ basis from 19.86% in Q4 2025, and up 881.0% year-over-year from 2.43% in Q1 2025.
Incyte (INCY) Net Margin (2010 - 2026) Analysis & Trends
Incyte's Net Margin history runs 17 years deep, the most recent figure standing at 23.83% for Q1 2026.
- Quarterly Net Margin rose 881.0% year-over-year to 23.83% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.71% (up 2623.0% YoY) and the FY2025 annual result came in at 25.03%, up 2426.0% from the prior year.
- Net Margin was 23.83% for Q1 2026 at Incyte, up from 19.86% in the prior quarter.
- Across five years, Net Margin topped out at 33.32% in Q2 2025 and bottomed at 42.6% in Q2 2024.
- A 5-year average of 13.43% and a median of 17.71% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 6392 bps — and 2025, when it soared 7591 bps.
- Incyte's Net Margin stood at 3.07% in 2022, then jumped by 546 bps to 19.84% in 2023, then decreased by 14 bps to 17.07% in 2024, then advanced by 16 bps to 19.86% in 2025, then gained by 20 bps to 23.83% in 2026.
- Business Quant data shows INCY's Net Margin at 23.83% in Q1 2026, 19.86% in Q4 2025, and 31.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | - |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 15.02% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | - |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 34.53% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 20.17% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 30.33% |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Incyte | 23.33 Bn | 19.32 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% |