Moderna (MRNA) Operating Income (2017 - 2026)
Moderna's (MRNA) quarterly Operating Income came in at -$1.4 billion in Q1 2026, down 32.19% year-on-year from -$2.0 billion in Q1 2025, and down 61.96% on a QoQ basis from -$857.0 million in Q4 2025.
Moderna (MRNA) Operating Income (2017 - 2026) Analysis & Trends
Moderna (MRNA) has 10 years of Operating Income data on file, last reported at -$1.4 billion in Q1 2026.
- On a quarterly basis, Operating Income fell 32.19% year-over-year to -$1.4 billion in Q1 2026; TTM through Mar 2026 was -$3.4 billion, a 8.5% increase from a year earlier, with the FY2025 full-year figure at -$3.1 billion, up 22.08% from the prior year.
- Operating Income for Q1 2026 stood at -$1.4 billion, down from -$857.0 million in the prior quarter.
- Over the last five years, Operating Income for MRNA reached as high as $4.2 billion in Q1 2022 and fell as low as -$2.0 billion in Q3 2023.
- Historically, Operating Income has averaged -$189.8 million across 5 years, with a median of -$857.0 million in 2025.
- Across the five-year window, Operating Income surged 233.89% in 2022 and plunged 20866.67% in 2024, its largest moves.
- Year by year, Operating Income stood at $1.6 billion in 2022, then sank by 99.62% to $6.0 million in 2023, then plunged by 20866.67% to -$1.2 billion in 2024, then jumped by 31.22% to -$857.0 million in 2025, then tumbled by 61.96% to -$1.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$1.4 billion in Q1 2026, -$857.0 million in Q4 2025, and -$260.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -27.75 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 249.90 Mn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.72 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.14 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 642.90 Mn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | -32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 493.00 Mn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | -445.22 Mn |
| 10 | Moderna | 22.52 Bn | 17.32 Bn | -566.00 Mn | -1.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.39 Bn |
| Dec 31, 2025 | -857.00 Mn |
| Sep 30, 2025 | -260.00 Mn |
| Jun 30, 2025 | -907.00 Mn |
| Mar 31, 2025 | -1.05 Bn |
| Dec 31, 2024 | -1.25 Bn |
| Sep 30, 2024 | -70.00 Mn |
| Jun 30, 2024 | -1.36 Bn |
| Mar 31, 2024 | -1.27 Bn |
| Dec 31, 2023 | 6.00 Mn |
| Sep 30, 2023 | -2.01 Bn |
| Jun 30, 2023 | -1.87 Bn |
| Mar 31, 2023 | -366.00 Mn |
| Dec 31, 2022 | 1.58 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 2.45 Bn |
| Mar 31, 2022 | 4.23 Bn |
| Dec 31, 2021 | 5.41 Bn |
| Sep 30, 2021 | 3.56 Bn |
| Jun 30, 2021 | 3.06 Bn |