Eli Lilly (LLY) Gross Margin (2009 - 2026)
Eli Lilly's Gross Margin came in at 85.78% for Q2 2026, up 1.51 percentage points from 84.27% a year earlier and up 3.84 percentage points from the prior quarter.
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Analysis
Eli Lilly (LLY) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Eli Lilly reported Gross Margin of 83.40%, up 0.76 percentage points year-over-year; for FY2025, it was 83.04%, up 1.73 percentage points from FY2024.
- Gross Margin has increased in each of the last four years, with a five-year change of +5.39 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 81.31% in FY2024 (+2.06 pp), 79.25% in FY2023 (+2.47 pp), 76.77% in FY2022 (+2.59 pp) and 74.18% in FY2021 (-3.48 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2009.
- Year-over-year, Gross Margin increased in seven of the last eight quarters, with an average year-over-year change of +1.27 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2022 (a gain of 6.93 percentage points), and the weakest in Q4 2021 (a drop of 2.51 percentage points).
- Business Quant data shows LLY's Gross Margin at 81.93% (Q1 2026), 82.52% (Q4 2025) and 82.91% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,146.94 Bn | 1,115.53 Bn | 19.71 Bn | 85.78% |
| 2 | Johnson & Johnson | 624.96 Bn | 543.49 Bn | 17.26 Bn | 68.19% |
| 3 | AbbVie | 510.15 Bn | 483.27 Bn | 12.70 Bn | 74.74% |
| 4 | Merck | 366.13 Bn | 320.51 Bn | 12.21 Bn | 73.54% |
| 5 | Novartis Ag | 297.75 Bn | 261.74 Bn | 11.24 Bn | 78.02% |
| 6 | Astrazeneca | 261.93 Bn | 235.62 Bn | 12.86 Bn | 83.60% |
| 7 | Amgen | 236.51 Bn | 191.91 Bn | 7.24 Bn | 72.04% |
| 8 | Gilead Sciences | 194.27 Bn | 168.47 Bn | 6.22 Bn | 79.76% |
| 9 | Pfizer | 171.74 Bn | 118.39 Bn | 10.94 Bn | 72.78% |
| 10 | Vertex Pharmaceuticals | 130.00 Bn | 102.01 Bn | 2.84 Bn | 85.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.78% |
| Mar 31, 2026 | 81.93% |
| Dec 31, 2025 | 82.52% |
| Sep 30, 2025 | 82.91% |
| Jun 30, 2025 | 84.27% |
| Mar 31, 2025 | 82.52% |
| Dec 31, 2024 | 82.24% |
| Sep 30, 2024 | 81.02% |
| Jun 30, 2024 | 80.80% |
| Mar 31, 2024 | 80.91% |
| Dec 31, 2023 | 80.89% |
| Sep 30, 2023 | 80.42% |
| Jun 30, 2023 | 78.26% |
| Mar 31, 2023 | 76.63% |
| Dec 31, 2022 | 78.80% |
| Sep 30, 2022 | 77.25% |
| Jun 30, 2022 | 77.95% |
| Mar 31, 2022 | 73.47% |
| Dec 31, 2021 | 74.37% |
| Sep 30, 2021 | 78.87% |
API Access
Eli Lilly Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();