Moderna (MRNA) Net Margin (2017 - 2026)

Moderna's (MRNA) quarterly Net Margin came in at 345.24% in Q1 2026, up 55383.0% year-on-year from N/an in Q1 2025, and down 183.38% on a QoQ basis from 121.83% in Q4 2025.

Moderna (MRNA) Net Margin (2017 - 2026) Analysis & Trends

Moderna (MRNA) has 10 years of Net Margin data on file, last reported at 345.24% in Q1 2026.

  • On a quarterly basis, Net Margin rose 55383.0% year-over-year to 345.24% in Q1 2026; TTM through Mar 2026 was 143.55%, a 3788.0% decrease from a year earlier, with the FY2025 full-year figure at 145.16%, down 3512.0% from the prior year.
  • Net Margin for Q1 2026 stood at 345.24%, down from 121.83% in the prior quarter.
  • Over the last five years, Net Margin for MRNA reached as high as 60.29% in Q1 2022 and fell as low as 899.07% in Q1 2025.
  • Historically, Net Margin has averaged 219.85% across 5 years, with a median of 115.94% in 2024.
  • Across the five-year window, Net Margin tumbled 70784 bps in 2024 and surged 55383 bps in 2026, its largest moves.
  • Year by year, Net Margin stood at 28.82% in 2022, then slumped by 73 bps to 7.72% in 2023, then slumped by 1602 bps to 115.94% in 2024, then fell by 5 bps to 121.83% in 2025, then plunged by 183 bps to 345.24% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 345.24% in Q1 2026, 121.83% in Q4 2025, and 19.69% in Q3 2025.

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 Moderna 22.52 Bn 17.32 Bn -566.00 Mn -345.24%

Historic Data

Download Data
DateValue
Mar 31, 2026 -345.24%
Dec 31, 2025 -121.83%
Sep 30, 2025 -19.69%
Jun 30, 2025 -580.99%
Mar 31, 2025 -899.07%
Dec 31, 2024 -115.94%
Sep 30, 2024 0.70%
Jun 30, 2024 -530.71%
Mar 31, 2024 -703.59%
Dec 31, 2023 7.72%
Sep 30, 2023 -198.25%
Jun 30, 2023 -401.16%
Mar 31, 2023 4.24%
Dec 31, 2022 28.82%
Sep 30, 2022 31.00%
Jun 30, 2022 46.26%
Mar 31, 2022 60.29%
Dec 31, 2021 67.51%
Sep 30, 2021 67.08%
Jun 30, 2021 63.85%