Moderna (MRNA) Net Margin (2017 - 2026)
Moderna (MRNA) posted Net Margin of -539.31% for Q2 2026, up 41.68 percentage points from -580.99% a year earlier but down 194.07 percentage points from the prior quarter.
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Analysis
Moderna (MRNA) Net Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Moderna was -141.43%, down 47.11 percentage points year-over-year; for FY2025, it came in at -145.16%, down 35.12 percentage points from FY2024.
- Annual Net Margin has declined for four consecutive years, with a five-year change of -52.13 percentage points (FY2020 to FY2025).
- In prior years, Moderna's Net Margin was -110.04% in FY2024 (-41.21 pp), -68.84% in FY2023 (-112.25 pp), 43.41% in FY2022 (-22.65 pp) and 66.06% in FY2021 (+159.09 pp).
- Quarterly Net Margin has run from a low of -899.07% in Q1 2025 to a high of 67.51% in Q4 2021 over five years.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of +49.85 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2026, with a gain of 553.83 percentage points; the weakest was Q1 2024, with a drop of 707.84 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -345.24% (Q1 2026), -121.83% (Q4 2025) and -19.69% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 30.88% |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | 21.86% |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | 21.27% |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | -8.04% |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 22.65% |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | 16.30% |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 23.62% |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | -134.51% |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | -1.65% |
| 10 | Moderna | 85.93 Bn | 65.29 Bn | 52.00 Mn | -539.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -539.31% |
| 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% |
API Access
Moderna Net 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=net-margin&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MRNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();