Amgen annual free cash flow
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2025
Amgen Free Cash Flow (FCF) History (AMGN)
Amgen reported $8.10B in free cash flow for fiscal 2025, a decrease of 22.07% from the previous fiscal year, with a free cash flow margin of 22.04%.
View full Amgen company overviewAmgen free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $8.10B | −$2.29B | −22.07% | +22.04% |
| 2024 | 2024-12-31 | $10.39B | $3.04B | +41.24% | +31.10% |
| 2023 | 2023-12-31 | $7.36B | −$1.43B | −16.23% | +26.11% |
| 2022 | 2022-12-31 | $8.79B | $404.0M | +4.82% | +33.37% |
| 2021 | 2021-12-31 | $8.38B | −$1.51B | −15.25% | +32.26% |
| 2020 | 2020-12-31 | $9.89B | $1.36B | +15.90% | +38.90% |
| 2019 | 2019-12-31 | $8.53B | −$2.03B | −19.19% | +36.52% |
| 2018 | 2018-12-31 | $10.56B | $45.0M | +0.43% | +44.46% |
| 2017 | 2017-12-31 | $10.51B | $897.0M | +9.33% | +46.01% |
| 2016 | 2016-12-31 | $9.62B | $479.0M | +5.24% | +41.83% |
| 2015 | 2015-12-31 | $9.14B | $903.0M | +10.97% | +42.18% |
| 2014 | 2014-12-31 | $8.23B | $2.64B | +47.09% | +41.04% |
| 2013 | 2013-12-31 | $5.60B | $405.0M | +7.80% | +29.97% |
| 2012 | 2012-12-31 | $5.19B | $641.0M | +14.08% | +30.08% |
| 2011 | 2011-12-31 | $4.55B | −$655.0M | −12.58% | +29.21% |
| 2010 | 2010-12-31 | $5.21B | −$599.0M | −10.32% | +34.59% |
| 2009 | 2009-12-31 | $5.81B | $490.0M | +9.22% | +39.65% |
| 2008 | 2008-12-31 | $5.32B | $1.18B | +28.59% | +35.43% |
| 2007 | 2007-12-31 | $4.13B | — | — | +27.99% |
Amgen quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.49B | $1.58B | +82.57% | +34.70% |
| Q1 2026 | 2026-03-31 | $1.48B | $497.0M | +50.71% | +17.14% |
| Q4 2025 | 2025-12-31 | $961.0M | −$3.44B | −78.16% | +9.74% |
| Q3 2025 | 2025-09-30 | $4.25B | $934.0M | +28.18% | +44.45% |
| Q2 2025 | 2025-06-30 | $1.91B | −$310.0M | −13.96% | +20.82% |
| Q1 2025 | 2025-03-31 | $980.0M | $521.0M | +113.51% | +12.03% |
| Q4 2024 | 2024-12-31 | $4.40B | $4.11B | +1422.49% | +48.43% |
| Q3 2024 | 2024-09-30 | $3.31B | $802.0M | +31.93% | +38.97% |
| Q2 2024 | 2024-06-30 | $2.22B | −$1.62B | −42.13% | +26.48% |
| Q1 2024 | 2024-03-31 | $459.0M | −$261.0M | −36.25% | +6.16% |
| Q4 2023 | 2023-12-31 | $289.0M | −$2.02B | −87.48% | +3.53% |
| Q3 2023 | 2023-09-30 | $2.51B | −$306.0M | −10.86% | +36.39% |
| Q2 2023 | 2023-06-30 | $3.84B | $2.15B | +127.91% | +54.94% |
| Q1 2023 | 2023-03-31 | $720.0M | −$1.25B | −63.53% | +11.79% |
| Q4 2022 | 2022-12-31 | $2.31B | −$212.0M | −8.41% | +33.76% |
| Q3 2022 | 2022-09-30 | $2.82B | $642.0M | +29.50% | +42.36% |
| Q2 2022 | 2022-06-30 | $1.68B | −$62.0M | −3.55% | +25.54% |
| Q1 2022 | 2022-03-31 | $1.97B | $36.0M | +1.86% | +31.64% |
| Q4 2021 | 2021-12-31 | $2.52B | $541.0M | +27.32% | +36.82% |
| Q3 2021 | 2021-09-30 | $2.18B | −$1.06B | −32.69% | +32.45% |
| Q2 2021 | 2021-06-30 | $1.75B | −$938.0M | −34.95% | +26.75% |
| Q1 2021 | 2021-03-31 | $1.94B | −$54.0M | −2.71% | +32.84% |
| Q4 2020 | 2020-12-31 | $1.98B | −$346.0M | −14.88% | +29.85% |
| Q3 2020 | 2020-09-30 | $3.23B | $26.0M | +0.81% | +50.33% |
| Q2 2020 | 2020-06-30 | $2.68B | $1.41B | +111.34% | +43.25% |
| Q1 2020 | 2020-03-31 | $1.99B | $263.0M | +15.21% | +32.33% |
| Q4 2019 | 2019-12-31 | $2.33B | −$643.0M | −21.66% | +37.53% |
| Q3 2019 | 2019-09-30 | $3.21B | $105.0M | +3.38% | +55.90% |
| Q2 2019 | 2019-06-30 | $1.27B | −$645.0M | −33.68% | +21.63% |
| Q1 2019 | 2019-03-31 | $1.73B | −$843.0M | −32.78% | +31.11% |
| Q4 2018 | 2018-12-31 | $2.97B | $110.0M | +3.85% | +47.66% |
| Q3 2018 | 2018-09-30 | $3.10B | −$194.0M | −5.89% | +52.54% |
| Q2 2018 | 2018-06-30 | $1.92B | −$226.0M | −10.56% | +31.61% |
| Q1 2018 | 2018-03-31 | $2.57B | $355.0M | +16.01% | +46.31% |
| Q4 2017 | 2017-12-31 | $2.86B | −$14.0M | −0.49% | +49.28% |
| Q3 2017 | 2017-09-30 | $3.30B | $801.0M | +32.10% | +57.09% |
| Q2 2017 | 2017-06-30 | $2.14B | −$348.0M | −13.98% | +36.85% |
| Q1 2017 | 2017-03-31 | $2.22B | $458.0M | +26.04% | +40.57% |
| Q4 2016 | 2016-12-31 | $2.87B | $1.00B | +53.80% | +48.16% |
| Q3 2016 | 2016-09-30 | $2.50B | −$259.0M | −9.40% | +42.94% |
| Q2 2016 | 2016-06-30 | $2.49B | −$662.0M | −21.01% | +43.76% |
| Q1 2016 | 2016-03-31 | $1.76B | $395.0M | +28.96% | +31.83% |
| Q4 2015 | 2015-12-31 | $1.87B | −$771.0M | −29.22% | +33.74% |
| Q3 2015 | 2015-09-30 | $2.75B | $183.0M | +7.12% | +48.12% |
| Q2 2015 | 2015-06-30 | $3.15B | $1.10B | +53.41% | +58.68% |
| Q1 2015 | 2015-03-31 | $1.36B | $394.0M | +40.62% | +27.10% |
| Q4 2014 | 2014-12-31 | $2.64B | $1.00B | +61.51% | +49.50% |
| Q3 2014 | 2014-09-30 | $2.57B | $939.0M | +57.54% | +51.10% |
| Q2 2014 | 2014-06-30 | $2.05B | $613.0M | +42.54% | +39.65% |
| Q1 2014 | 2014-03-31 | $970.0M | $79.0M | +8.87% | +21.46% |
| Q4 2013 | 2013-12-31 | $1.63B | $1.02B | +166.99% | +32.61% |
| Q3 2013 | 2013-09-30 | $1.63B | $82.0M | +5.29% | +34.37% |
| Q2 2013 | 2013-06-30 | $1.44B | −$762.0M | −34.59% | +30.80% |
| Q1 2013 | 2013-03-31 | $891.0M | $63.0M | +7.61% | +21.02% |
| Q4 2012 | 2012-12-31 | $612.0M | −$748.0M | −55.00% | +13.84% |
| Q3 2012 | 2012-09-30 | $1.55B | $701.0M | +82.57% | +35.89% |
| Q2 2012 | 2012-06-30 | $2.20B | $790.0M | +55.91% | +49.21% |
| Q1 2012 | 2012-03-31 | $828.0M | −$102.0M | −10.97% | +20.45% |
| Q4 2011 | 2011-12-31 | $1.36B | −$466.0M | −25.52% | +34.23% |
| Q3 2011 | 2011-09-30 | $849.0M | −$326.0M | −27.74% | +21.53% |
| Q2 2011 | 2011-06-30 | $1.41B | $26.0M | +1.87% | +35.69% |
| Q1 2011 | 2011-03-31 | $930.0M | $111.0M | +13.55% | +25.09% |
| Q4 2010 | 2010-12-31 | $1.83B | $147.0M | +8.76% | +47.54% |
| Q3 2010 | 2010-09-30 | $1.18B | −$670.0M | −36.31% | +30.79% |
| Q2 2010 | 2010-06-30 | $1.39B | −$153.0M | −9.94% | +36.46% |
| Q1 2010 | 2010-03-31 | $819.0M | $77.0M | +10.38% | +22.80% |
| Q4 2009 | 2009-12-31 | $1.68B | — | — | +44.08% |
| Q3 2009 | 2009-09-30 | $1.84B | — | — | +48.40% |
| Q2 2009 | 2009-06-30 | $1.54B | — | — | +41.48% |
| Q1 2009 | 2009-03-31 | $742.0M | — | — | +22.43% |
Amgen free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $9.89B to $8.10B, a compound annual decline of 3.91%. Amgen's latest reported quarter, Q2 2026, generated $3.49B in free cash flow, an increase of 82.57% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Amgen filings at SEC.gov ↗