Amgen annual operating margin
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2025
Amgen Operating Margin Growth & History (AMGN)
Amgen's operating margin was 24.71% for fiscal 2025.
View full Amgen company overviewAmgen annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 24.71% | +2.99 pp |
| 2024 | 2024-12-31 | 21.71% | −6.30 pp |
| 2023 | 2023-12-31 | 28.01% | −8.33 pp |
| 2022 | 2022-12-31 | 36.34% | +6.94 pp |
| 2021 | 2021-12-31 | 29.40% | −6.54 pp |
| 2020 | 2020-12-31 | 35.95% | −5.46 pp |
| 2019 | 2019-12-31 | 41.41% | −1.81 pp |
| 2018 | 2018-12-31 | 43.22% | −0.43 pp |
| 2017 | 2017-12-31 | 43.65% | +1.05 pp |
| 2016 | 2016-12-31 | 42.60% | +3.50 pp |
| 2015 | 2015-12-31 | 39.10% | +8.24 pp |
| 2014 | 2014-12-31 | 30.86% | −0.56 pp |
| 2013 | 2013-12-31 | 31.41% | −0.89 pp |
| 2012 | 2012-12-31 | 32.30% | +4.63 pp |
| 2011 | 2011-12-31 | 27.67% | −9.16 pp |
| 2010 | 2010-12-31 | 36.84% | −0.77 pp |
| 2009 | 2009-12-31 | 37.60% | +2.85 pp |
| 2008 | 2008-12-31 | 34.75% | +7.81 pp |
| 2007 | 2007-12-31 | 26.94% | — |
Amgen quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.95% | +6.02 pp |
| Q1 2026 | 2026-03-31 | 30.94% | +16.48 pp |
| Q4 2025 | 2025-12-31 | 27.57% | +2.13 pp |
| Q3 2025 | 2025-09-30 | 26.43% | +2.36 pp |
| Q2 2025 | 2025-06-30 | 28.94% | +6.18 pp |
| Q1 2025 | 2025-03-31 | 14.46% | +1.15 pp |
| Q4 2024 | 2024-12-31 | 25.43% | +9.93 pp |
| Q3 2024 | 2024-09-30 | 24.07% | −5.20 pp |
| Q2 2024 | 2024-06-30 | 22.76% | −15.66 pp |
| Q1 2024 | 2024-03-31 | 13.31% | −18.16 pp |
| Q4 2023 | 2023-12-31 | 15.51% | −17.10 pp |
| Q3 2023 | 2023-09-30 | 29.28% | −10.71 pp |
| Q2 2023 | 2023-06-30 | 38.42% | +5.42 pp |
| Q1 2023 | 2023-03-31 | 31.47% | −8.61 pp |
| Q4 2022 | 2022-12-31 | 32.61% | −1.05 pp |
| Q3 2022 | 2022-09-30 | 39.99% | +4.53 pp |
| Q2 2022 | 2022-06-30 | 33.00% | +20.31 pp |
| Q1 2022 | 2022-03-31 | 40.08% | +4.00 pp |
| Q4 2021 | 2021-12-31 | 33.65% | +3.39 pp |
| Q3 2021 | 2021-09-30 | 35.46% | −2.73 pp |
| Q2 2021 | 2021-06-30 | 12.69% | −24.74 pp |
| Q1 2021 | 2021-03-31 | 36.08% | −2.15 pp |
| Q4 2020 | 2020-12-31 | 30.27% | −2.78 pp |
| Q3 2020 | 2020-09-30 | 38.19% | −4.97 pp |
| Q2 2020 | 2020-06-30 | 37.43% | −8.18 pp |
| Q1 2020 | 2020-03-31 | 38.22% | −6.26 pp |
| Q4 2019 | 2019-12-31 | 33.05% | −5.19 pp |
| Q3 2019 | 2019-09-30 | 43.16% | +3.81 pp |
| Q2 2019 | 2019-06-30 | 45.61% | −1.13 pp |
| Q1 2019 | 2019-03-31 | 44.48% | −4.60 pp |
| Q4 2018 | 2018-12-31 | 38.23% | −0.46 pp |
| Q3 2018 | 2018-09-30 | 39.35% | −2.90 pp |
| Q2 2018 | 2018-06-30 | 46.74% | +0.30 pp |
| Q1 2018 | 2018-03-31 | 49.08% | +1.66 pp |
| Q4 2017 | 2017-12-31 | 38.69% | −2.97 pp |
| Q3 2017 | 2017-09-30 | 42.25% | −1.24 pp |
| Q2 2017 | 2017-06-30 | 46.44% | +4.59 pp |
| Q1 2017 | 2017-03-31 | 47.42% | +3.96 pp |
| Q4 2016 | 2016-12-31 | 41.66% | +4.94 pp |
| Q3 2016 | 2016-09-30 | 43.49% | +2.62 pp |
| Q2 2016 | 2016-06-30 | 41.84% | +3.18 pp |
| Q1 2016 | 2016-03-31 | 43.46% | +3.28 pp |
| Q4 2015 | 2015-12-31 | 36.72% | +9.36 pp |
| Q3 2015 | 2015-09-30 | 40.87% | +11.73 pp |
| Q2 2015 | 2015-06-30 | 38.66% | +1.94 pp |
| Q1 2015 | 2015-03-31 | 40.17% | +10.00 pp |
| Q4 2014 | 2014-12-31 | 27.37% | +3.68 pp |
| Q3 2014 | 2014-09-30 | 29.14% | −6.41 pp |
| Q2 2014 | 2014-06-30 | 36.72% | +3.59 pp |
| Q1 2014 | 2014-03-31 | 30.17% | −3.86 pp |
| Q4 2013 | 2013-12-31 | 23.69% | −0.92 pp |
| Q3 2013 | 2013-09-30 | 35.55% | +2.60 pp |
| Q2 2013 | 2013-06-30 | 33.13% | −2.37 pp |
| Q1 2013 | 2013-03-31 | 34.03% | −2.46 pp |
| Q4 2012 | 2012-12-31 | 24.61% | −4.64 pp |
| Q3 2012 | 2012-09-30 | 32.95% | +19.64 pp |
| Q2 2012 | 2012-06-30 | 35.49% | +1.85 pp |
| Q1 2012 | 2012-03-31 | 36.49% | +1.60 pp |
| Q4 2011 | 2011-12-31 | 29.25% | +1.44 pp |
| Q3 2011 | 2011-09-30 | 13.31% | −25.45 pp |
| Q2 2011 | 2011-06-30 | 33.64% | −6.23 pp |
| Q1 2011 | 2011-03-31 | 34.89% | −6.34 pp |
| Q4 2010 | 2010-12-31 | 27.81% | −1.68 pp |
| Q3 2010 | 2010-09-30 | 38.76% | −3.35 pp |
| Q2 2010 | 2010-06-30 | 39.88% | +0.64 pp |
| Q1 2010 | 2010-03-31 | 41.23% | +1.30 pp |
| Q4 2009 | 2009-12-31 | 29.48% | −8.79 pp |
| Q3 2009 | 2009-09-30 | 42.10% | +10.78 pp |
| Q2 2009 | 2009-06-30 | 39.24% | — |
| Q1 2009 | 2009-03-31 | 39.93% | — |
| Q3 2008 | 2008-09-30 | 38.27% | — |
| Q2 2008 | 2008-06-30 | 31.32% | — |
Amgen operating margin trends
Over the last five reported fiscal years, Amgen's operating margin decreased from 35.95% to 24.71%, a change of −11.24 percentage points. The latest reported quarter, Q2 2026, shows 34.95%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Amgen filings at SEC.gov ↗