Incyte INCY
NASDAQ INCY
$127.81 -0.19 (-0.15%)
As of: Sep 4, 2026 · 2:24 PM EDT

Incyte (INCY) Operating Expenses (2010 - 2026)

Incyte's (INCY) quarterly Operating Expenses came in at $976.1 million in Q2 2026, up 42.46% YoY from $685.2 million in Q2 2025, and little changed on a QoQ basis from $971.6 million in Q1 2026.

Analysis

Incyte (INCY) Operating Expenses (2010 - 2026) Analysis & Trends

Incyte (INCY) has 17 years of Operating Expenses data on file, last reported at $976.1 million in Q2 2026.

  • Quarterly Operating Expenses rose 42.46% year-over-year to $976.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.0 billion (up 18.79% YoY) and the FY2025 annual result came in at $3.6 billion, down 13.24% from the prior year.
  • Operating Expenses held at $976.1 million in Q2 2026, from $971.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q2 2024 to a low of $616.7 million in Q1 2022.
  • A 5-year average of $869.1 million and a median of $836.9 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses soared 100.03% — and 2025, when it sank 54.98%.
  • Tracing INCY's Operating Expenses over 5 years: stood at $856.6 million in 2022, then dropped by 3.56% to $826.1 million in 2023, then gained by 6.19% to $877.2 million in 2024, then jumped by 33.49% to $1.2 billion in 2025, then fell by 16.64% to $976.1 million in 2026.
  • The last three Operating Expenses figures came in at $976.1 million (Q2 2026), $971.6 million (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.87 Bn 131.01 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.57 Bn 77.57 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.51 Bn 58.32 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.19 Bn 53.05 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.07 Bn 44.07 Bn - 505.13 Mn
6 BeOne Medicines 39.99 Bn 34.89 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.38 Bn 32.07 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.42 Bn 27.58 Bn - 541.02 Mn
9 Insmed 27.41 Bn 26.25 Bn 358.27 Mn 427.03 Mn
10 Incyte 25.64 Bn 21.11 Bn 1.57 Bn 976.14 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 976.14 Mn
Mar 31, 2026 971.56 Mn
Dec 31, 2025 1.17 Bn
Sep 30, 2025 922.46 Mn
Jun 30, 2025 685.22 Mn
Mar 31, 2025 847.73 Mn
Dec 31, 2024 877.19 Mn
Sep 30, 2024 991.79 Mn
Jun 30, 2024 1.52 Bn
Mar 31, 2024 788.99 Mn
Dec 31, 2023 826.07 Mn
Sep 30, 2023 704.32 Mn
Jun 30, 2023 760.83 Mn
Mar 31, 2023 783.90 Mn
Dec 31, 2022 856.61 Mn
Sep 30, 2022 684.93 Mn
Jun 30, 2022 656.97 Mn
Mar 31, 2022 616.70 Mn
Dec 31, 2021 752.12 Mn
Sep 30, 2021 577.58 Mn