Amgen annual net debt
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2025
Amgen Net Debt Growth & History (AMGN)
Amgen's net debt was $46.31B for fiscal 2025.
View full Amgen company overviewAmgen annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $46.31B | −$2.60B | −5.32% |
| 2024 | 2024-12-31 | $48.91B | −$5.57B | −10.23% |
| 2023 | 2023-12-31 | $54.48B | $22.47B | +70.19% |
| 2022 | 2022-12-31 | $32.01B | $6.02B | +23.17% |
| 2021 | 2021-12-31 | $25.99B | −$1.19B | −4.37% |
| 2020 | 2020-12-31 | $27.18B | $2.79B | +11.42% |
| 2019 | 2019-12-31 | $24.39B | −$2.59B | −9.60% |
| 2018 | 2018-12-31 | $26.98B | −$4.56B | −14.45% |
| 2017 | 2017-12-31 | $31.54B | $187.0M | +0.60% |
| 2016 | 2016-12-31 | $31.36B | $4.07B | +14.92% |
| 2015 | 2015-12-31 | $27.29B | $301.0M | +1.12% |
| 2014 | 2014-12-31 | $26.98B | −$1.34B | −4.73% |
| 2013 | 2013-12-31 | $28.32B | $5.05B | +21.70% |
| 2012 | 2012-12-31 | $23.27B | $8.79B | +60.70% |
| 2011 | 2011-12-31 | $14.48B | $6.89B | +90.88% |
| 2010 | 2010-12-31 | $7.59B | −$130.0M | −1.68% |
| 2009 | 2009-12-31 | $7.72B | $5.23B | +210.79% |
| 2008 | 2008-12-31 | $2.48B | — | — |
Amgen quarterly net debt
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Q2.09
Q3.09
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Q3.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $43.31B | −$4.86B | −10.09% |
| Q1 2026 | 2026-03-31 | $45.28B | −$3.29B | −6.77% |
| Q4 2025 | 2025-12-31 | $46.31B | −$2.60B | −5.32% |
| Q3 2025 | 2025-09-30 | $45.14B | −$6.25B | −12.15% |
| Q2 2025 | 2025-06-30 | $48.18B | −$5.17B | −9.69% |
| Q1 2025 | 2025-03-31 | $48.57B | −$5.74B | −10.57% |
| Q4 2024 | 2024-12-31 | $48.91B | −$5.57B | −10.23% |
| Q3 2024 | 2024-09-30 | $51.39B | $25.66B | +99.74% |
| Q2 2024 | 2024-06-30 | $53.34B | $26.05B | +95.43% |
| Q1 2024 | 2024-03-31 | $54.31B | $24.28B | +80.83% |
| Q4 2023 | 2023-12-31 | $54.48B | $22.47B | +70.19% |
| Q3 2023 | 2023-09-30 | $25.73B | −$3.48B | −11.90% |
| Q2 2023 | 2023-06-30 | $27.30B | −$4.02B | −12.85% |
| Q1 2023 | 2023-03-31 | $30.04B | −$291.0M | −0.96% |
| Q4 2022 | 2022-12-31 | $32.01B | $6.02B | +23.17% |
| Q3 2022 | 2022-09-30 | $29.20B | $3.59B | +14.03% |
| Q2 2022 | 2022-06-30 | $31.32B | — | — |
| Q1 2022 | 2022-03-31 | $30.33B | $3.75B | +14.12% |
| Q4 2021 | 2021-12-31 | $25.99B | −$1.19B | −4.37% |
| Q3 2021 | 2021-09-30 | $25.61B | $410.0M | +1.63% |
| Q1 2021 | 2021-03-31 | $26.57B | $2.41B | +9.98% |
| Q4 2020 | 2020-12-31 | $27.18B | $2.79B | +11.42% |
| Q3 2020 | 2020-09-30 | $25.20B | — | — |
| Q2 2020 | 2020-06-30 | $25.08B | −$507.0M | −1.98% |
| Q1 2020 | 2020-03-31 | $24.16B | −$1.99B | −7.62% |
| Q4 2019 | 2019-12-31 | $24.39B | −$2.59B | −9.60% |
| Q2 2019 | 2019-06-30 | $25.59B | $1.22B | +5.01% |
| Q1 2019 | 2019-03-31 | $26.15B | $354.0M | +1.37% |
| Q4 2018 | 2018-12-31 | $26.98B | −$4.56B | −14.45% |
| Q3 2018 | 2018-09-30 | $22.47B | −$10.30B | −31.44% |
| Q2 2018 | 2018-06-30 | $24.37B | −$8.07B | −24.87% |
| Q1 2018 | 2018-03-31 | $25.80B | −$4.93B | −16.05% |
| Q4 2017 | 2017-12-31 | $31.54B | $187.0M | +0.60% |
| Q3 2017 | 2017-09-30 | $32.78B | $938.0M | +2.95% |
| Q2 2017 | 2017-06-30 | $32.43B | $1.84B | +6.02% |
| Q1 2017 | 2017-03-31 | $30.73B | −$677.0M | −2.16% |
| Q4 2016 | 2016-12-31 | $31.36B | $4.07B | +14.92% |
| Q3 2016 | 2016-09-30 | $31.84B | $3.30B | +11.58% |
| Q2 2016 | 2016-06-30 | $30.59B | $2.44B | +8.65% |
| Q1 2016 | 2016-03-31 | $31.41B | $3.93B | +14.32% |
| Q4 2015 | 2015-12-31 | $27.29B | $301.0M | +1.12% |
| Q3 2015 | 2015-09-30 | $28.54B | −$768.0M | −2.62% |
| Q2 2015 | 2015-06-30 | $28.16B | −$819.0M | −2.83% |
| Q1 2015 | 2015-03-31 | $27.48B | −$860.0M | −3.03% |
| Q4 2014 | 2014-12-31 | $26.98B | −$1.34B | −4.73% |
| Q3 2014 | 2014-09-30 | $29.30B | $10.39B | +54.98% |
| Q2 2014 | 2014-06-30 | $28.98B | — | — |
| Q1 2014 | 2014-03-31 | $28.34B | $6.97B | +32.65% |
| Q4 2013 | 2013-12-31 | $28.32B | $5.05B | +21.70% |
| Q3 2013 | 2013-09-30 | $18.91B | — | — |
| Q1 2013 | 2013-03-31 | $21.36B | — | — |
| Q4 2012 | 2012-12-31 | $23.27B | $8.79B | +60.70% |
| Q4 2011 | 2011-12-31 | $14.48B | $6.89B | +90.88% |
| Q1 2011 | 2011-03-31 | $9.56B | $9.62B | — |
| Q4 2010 | 2010-12-31 | $7.59B | −$130.0M | −1.68% |
| Q3 2010 | 2010-09-30 | $7.89B | $7.02B | +806.90% |
| Q2 2010 | 2010-06-30 | $7.61B | $6.19B | +437.53% |
| Q1 2010 | 2010-03-31 | −$65.0M | — | — |
| Q4 2009 | 2009-12-31 | $7.72B | $5.23B | +210.79% |
| Q3 2009 | 2009-09-30 | $870.0M | — | — |
| Q2 2009 | 2009-06-30 | $1.42B | — | — |
| Q4 2008 | 2008-12-31 | $2.48B | — | — |
Amgen net debt trends
Over the last five fiscal years, Amgen's net debt increased from $27.18B to $46.31B, a change of $19.13B. The latest reported quarter, Q2 2026, shows $43.31B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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