Incyte (INCY) Operating Expenses (2010 - 2026)
Incyte posted quarterly Operating Expenses of $971.6 million for Q1 2026, up 14.61% year-on-year from $847.7 million in Q1 2025, and down 17.03% on a QoQ basis from $1.2 billion in Q4 2025.
Incyte (INCY) has 17 years of Operating Expenses data on file, last reported at $971.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 14.61% year-over-year to $971.6 million; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (down 11.52% YoY), and the FY2025 full-year result was $3.6 billion, down 13.24% from the prior year.
- Operating Expenses for Q1 2026 stood at $971.6 million, down from $1.2 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.5 billion in Q2 2024 and bottomed at $616.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $826.1 million (2023), against an average of $862.8 million.
- The widest annual swing landed in 2024, when Operating Expenses soared 100.03%; it then tumbled 54.98% in 2025.
- A 5-year view of Operating Expenses shows it stood at $856.6 million in 2022, then declined by 3.56% to $826.1 million in 2023, then advanced by 6.19% to $877.2 million in 2024, then surged by 33.49% to $1.2 billion in 2025, then declined by 17.03% to $971.6 million in 2026.
- The last three Operating Expenses figures came in at $971.6 million (Q1 2026), $1.2 billion (Q4 2025), and $922.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 1,216,509.61 Bn | 1,216,509.61 Bn | - | 2.97 Mn |
| 2 | Alterity Therapeutics | 764,224.41 Bn | 764,224.38 Bn | - | 4.33 Mn |
| 3 | Legend Biotech | 2,716.00 Bn | 2,715.71 Bn | 242.10 Mn | -138.30 Mn |
| 4 | Nanobiotix | 2,248.83 Bn | 2,248.77 Bn | - | - |
| 5 | Akari Therapeutics | 1,951.18 Bn | 1,951.17 Bn | - | 15.76 Mn |
| 6 | Vertex Pharmaceuticals | 113.69 Bn | 106.44 Bn | 2.59 Bn | 1.85 Bn |
| 7 | Evaxion A | 64.16 Bn | 64.14 Bn | - | -3.82 Mn |
| 8 | Regeneron Pharmaceuticals | 63.94 Bn | 55.18 Bn | 3.31 Bn | 2.96 Bn |
| 9 | Alnylam Pharmaceuticals | 40.13 Bn | 37.12 Bn | 959.66 Mn | 898.54 Mn |
| 10 | Incyte | 19.28 Bn | 15.27 Bn | 1.17 Bn | 971.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 564.87 Mn |
| Mar 31, 2021 | 505.92 Mn |
| Dec 31, 2020 | 625.28 Mn |
| Sep 30, 2020 | 615.32 Mn |
| Jun 30, 2020 | 457.27 Mn |
| Mar 31, 2020 | 1.23 Bn |
| Dec 31, 2019 | 484.38 Mn |
| Sep 30, 2019 | 417.27 Mn |
| Jun 30, 2019 | 431.32 Mn |
| Mar 31, 2019 | 423.79 Mn |
| Dec 31, 2018 | 446.43 Mn |
| Sep 30, 2018 | 418.56 Mn |
| Jun 30, 2018 | 438.28 Mn |
| Mar 31, 2018 | 449.39 Mn |
| Dec 31, 2017 | 576.57 Mn |
| Sep 30, 2017 | 366.52 Mn |
| Jun 30, 2017 | 319.19 Mn |
| Mar 31, 2017 | 517.33 Mn |
| Dec 31, 2016 | 284.42 Mn |
| Sep 30, 2016 | 247.18 Mn |
| Jun 30, 2016 | 201.70 Mn |
| Mar 31, 2016 | 227.43 Mn |
| Dec 31, 2015 | 178.80 Mn |
| Sep 30, 2015 | 187.71 Mn |
| Jun 30, 2015 | 170.38 Mn |
| Mar 31, 2015 | 166.21 Mn |
| Dec 31, 2014 | 149.60 Mn |
| Sep 30, 2014 | 128.20 Mn |
| Jun 30, 2014 | 125.77 Mn |
| Mar 31, 2014 | 112.73 Mn |
| Dec 31, 2013 | 113.21 Mn |
| Sep 30, 2013 | 98.31 Mn |
| Jun 30, 2013 | 84.36 Mn |
| Mar 31, 2013 | 75.17 Mn |
| Dec 31, 2012 | 83.59 Mn |
| Sep 30, 2012 | 70.63 Mn |
| Jun 30, 2012 | 71.32 Mn |
| Mar 31, 2012 | 70.37 Mn |
| Dec 31, 2011 | 73.03 Mn |
| Sep 30, 2011 | 58.89 Mn |
| Jun 30, 2011 | 57.93 Mn |
| Mar 31, 2011 | 47.80 Mn |
| Dec 31, 2010 | 43.56 Mn |
| Sep 30, 2010 | 38.93 Mn |
| Jun 30, 2010 | 36.22 Mn |
| Mar 31, 2010 | 37.12 Mn |