Incyte annual free cash flow
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2025
Incyte Free Cash Flow (FCF) History (INCY)
Incyte reported $1.35B in free cash flow for fiscal 2025, an increase of 443.87% from the previous fiscal year, with a free cash flow margin of 26.35%.
View full Incyte company overviewIncyte free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.35B | $1.11B | +443.87% | +26.35% |
| 2024 | 2024-12-31 | $249.1M | −$214.9M | −46.32% | +5.87% |
| 2023 | 2023-12-31 | $464.0M | −$428.1M | −47.99% | +12.56% |
| 2022 | 2022-12-31 | $892.1M | $323.6M | +56.93% | +26.28% |
| 2021 | 2021-12-31 | $568.5M | $880.5M | — | +19.04% |
| 2020 | 2020-12-31 | −$312.0M | −$944.6M | — | −11.70% |
| 2019 | 2019-12-31 | $632.6M | $369.8M | +140.76% | +29.30% |
| 2018 | 2018-12-31 | $262.7M | $466.8M | — | +13.96% |
| 2017 | 2017-12-31 | −$204.0M | −$388.5M | — | −13.28% |
| 2016 | 2016-12-31 | $184.5M | $121.1M | +190.95% | +16.68% |
| 2015 | 2015-12-31 | $63.4M | $65.0M | — | +8.41% |
| 2014 | 2014-12-31 | −$1.6M | −$6.5M | — | −0.32% |
| 2013 | 2013-12-31 | $4.9M | $102.6M | — | +1.38% |
| 2012 | 2012-12-31 | −$97.7M | $67.8M | — | −32.88% |
| 2011 | 2011-12-31 | −$165.5M | −$259.3M | — | −175.23% |
| 2010 | 2010-12-31 | $93.8M | $81.9M | +683.80% | +55.23% |
| 2009 | 2009-12-31 | $12.0M | — | — | +129.21% |
Incyte quarterly free cash flow
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Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $359.2M | $96.3M | +36.61% | +28.22% |
| Q4 2025 | 2025-12-31 | $521.4M | $157.6M | +43.31% | +34.60% |
| Q3 2025 | 2025-09-30 | $544.6M | $239.0M | +78.17% | +39.87% |
| Q2 2025 | 2025-06-30 | $25.7M | $655.4M | — | +2.11% |
| Q1 2025 | 2025-03-31 | $262.9M | $53.6M | +25.63% | +24.97% |
| Q4 2024 | 2024-12-31 | $363.8M | $218.4M | +150.12% | +30.87% |
| Q3 2024 | 2024-09-30 | $305.7M | $168.8M | +123.36% | +26.86% |
| Q2 2024 | 2024-06-30 | −$629.7M | −$928.9M | — | −60.33% |
| Q1 2024 | 2024-03-31 | $209.3M | $326.8M | — | +23.76% |
| Q4 2023 | 2023-12-31 | $145.5M | −$116.9M | −44.56% | +14.35% |
| Q3 2023 | 2023-09-30 | $136.9M | −$131.7M | −49.04% | +14.89% |
| Q2 2023 | 2023-06-30 | $299.2M | $136.8M | +84.21% | +31.34% |
| Q1 2023 | 2023-03-31 | −$117.5M | −$316.2M | — | −14.53% |
| Q4 2022 | 2022-12-31 | $262.4M | $181.5M | +224.39% | +28.31% |
| Q3 2022 | 2022-09-30 | $268.6M | $45.6M | +20.46% | +32.62% |
| Q2 2022 | 2022-06-30 | $162.4M | $55.8M | +52.31% | +17.82% |
| Q1 2022 | 2022-03-31 | $198.7M | $40.7M | +25.77% | +27.10% |
| Q4 2021 | 2021-12-31 | $80.9M | $25.0M | +44.73% | +9.37% |
| Q3 2021 | 2021-09-30 | $222.9M | $93.7M | +72.43% | +27.42% |
| Q2 2021 | 2021-06-30 | $106.6M | −$118.9M | −52.72% | +15.11% |
| Q1 2021 | 2021-03-31 | $158.0M | $880.7M | — | +26.13% |
| Q4 2020 | 2020-12-31 | $55.9M | −$46.4M | −45.37% | +7.08% |
| Q3 2020 | 2020-09-30 | $129.3M | −$124.3M | −49.02% | +20.83% |
| Q2 2020 | 2020-06-30 | $225.5M | $119.9M | +113.43% | +32.78% |
| Q1 2020 | 2020-03-31 | −$722.7M | −$860.1M | — | −127.12% |
| Q4 2019 | 2019-12-31 | $102.3M | $43.7M | +74.71% | +17.66% |
| Q3 2019 | 2019-09-30 | $253.6M | $79.3M | +45.48% | +45.98% |
| Q2 2019 | 2019-06-30 | $105.7M | $84.1M | +388.92% | +19.94% |
| Q1 2019 | 2019-03-31 | $137.4M | $129.1M | +1565.81% | +27.60% |
| Q4 2018 | 2018-12-31 | $58.6M | $173.1M | — | +11.08% |
| Q3 2018 | 2018-09-30 | $174.3M | $155.5M | +826.34% | +38.77% |
| Q2 2018 | 2018-06-30 | $21.6M | −$64.7M | −74.96% | +4.14% |
| Q1 2018 | 2018-03-31 | $8.2M | $202.9M | — | +2.16% |
| Q4 2017 | 2017-12-31 | −$114.5M | −$193.0M | — | −25.78% |
| Q3 2017 | 2017-09-30 | $18.8M | −$59.8M | −76.07% | +4.93% |
| Q2 2017 | 2017-06-30 | $86.3M | $150.9M | — | +26.43% |
| Q1 2017 | 2017-03-31 | −$194.6M | −$286.6M | — | −50.67% |
| Q4 2016 | 2016-12-31 | $78.5M | $12.5M | +18.98% | +24.04% |
| Q3 2016 | 2016-09-30 | $78.6M | $84.3M | — | +29.18% |
| Q2 2016 | 2016-06-30 | −$64.6M | −$75.8M | — | −26.25% |
| Q1 2016 | 2016-03-31 | $92.0M | $100.1M | — | +34.91% |
| Q4 2015 | 2015-12-31 | $66.0M | $27.1M | +69.78% | +27.06% |
| Q3 2015 | 2015-09-30 | −$5.6M | −$22.8M | — | −3.00% |
| Q2 2015 | 2015-06-30 | $11.2M | $34.5M | — | +6.87% |
| Q1 2015 | 2015-03-31 | −$8.1M | $26.2M | — | −5.11% |
| Q4 2014 | 2014-12-31 | $38.9M | $52.6M | — | +31.35% |
| Q3 2014 | 2014-09-30 | $17.1M | $29.9M | — | +8.64% |
| Q2 2014 | 2014-06-30 | −$23.3M | −$30.8M | — | −23.35% |
| Q1 2014 | 2014-03-31 | −$34.4M | −$58.2M | — | −38.26% |
| Q4 2013 | 2013-12-31 | −$13.7M | $9.2M | — | −14.13% |
| Q3 2013 | 2013-09-30 | −$12.7M | $14.8M | — | −14.97% |
| Q2 2013 | 2013-06-30 | $7.5M | −$189,000 | −2.45% | +7.40% |
| Q1 2013 | 2013-03-31 | $23.8M | $78.7M | — | +33.55% |
| Q4 2012 | 2012-12-31 | −$22.9M | $17.8M | — | −20.15% |
| Q3 2012 | 2012-09-30 | −$27.6M | $20.6M | — | −45.54% |
| Q2 2012 | 2012-06-30 | $7.7M | $39.5M | — | +8.92% |
| Q1 2012 | 2012-03-31 | −$54.9M | −$10.1M | — | −151.74% |
| Q4 2011 | 2011-12-31 | −$40.8M | −$37.4M | — | −141.13% |
| Q3 2011 | 2011-09-30 | −$48.2M | −$150.7M | — | −286.96% |
| Q2 2011 | 2011-06-30 | −$31.8M | — | — | −189.23% |
| Q1 2011 | 2011-03-31 | −$44.8M | — | — | −140.04% |
| Q2 2010 | 2010-06-30 | −$3.4M | — | — | −6.75% |
| Q1 2010 | 2010-03-31 | $102.5M | — | — | +593.00% |
Incyte free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$312.0M to $1.35B, a net increase of $1.67B. Incyte's latest reported quarter, Q1 2026, generated $359.2M in free cash flow, an increase of 36.61% 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 Incyte filings at SEC.gov ↗