Growth Metrics

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 🔒
DateValue
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