Incyte annual operating margin
2009
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2021
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2024
2025
Incyte Operating Margin Growth & History (INCY)
Incyte's operating margin was 29.46% for fiscal 2025.
View full Incyte company overviewIncyte annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 29.46% | +28.02 pp |
| 2024 | 2024-12-31 | 1.45% | −15.34 pp |
| 2023 | 2023-12-31 | 16.79% | −0.28 pp |
| 2022 | 2022-12-31 | 17.07% | −2.55 pp |
| 2021 | 2021-12-31 | 19.62% | +29.50 pp |
| 2020 | 2020-12-31 | −9.89% | −28.51 pp |
| 2019 | 2019-12-31 | 18.62% | +11.76 pp |
| 2018 | 2018-12-31 | 6.87% | +22.71 pp |
| 2017 | 2017-12-31 | −15.84% | −28.96 pp |
| 2016 | 2016-12-31 | 13.11% | +6.39 pp |
| 2015 | 2015-12-31 | 6.72% | +7.66 pp |
| 2014 | 2014-12-31 | −0.94% | +3.60 pp |
| 2013 | 2013-12-31 | −4.54% | −4.92 pp |
| 2012 | 2012-12-31 | 0.39% | +151.98 pp |
| 2011 | 2011-12-31 | −151.59% | −159.86 pp |
| 2010 | 2010-12-31 | 8.27% | +1516.83 pp |
| 2009 | 2009-12-31 | −1,508.56% | — |
Incyte quarterly operating margin
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
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Q1.12
Q2.12
Q3.12
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Q2.17
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Q1.18
Q2.18
Q3.18
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Q1.19
Q2.19
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Q1.20
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Q3.20
Q4.20
Q1.21
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Q2.22
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Q1.23
Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 23.66% | +4.17 pp |
| Q4 2025 | 2025-12-31 | 22.29% | −3.29 pp |
| Q3 2025 | 2025-09-30 | 32.47% | +19.63 pp |
| Q2 2025 | 2025-06-30 | 43.63% | +89.44 pp |
| Q1 2025 | 2025-03-31 | 19.49% | +9.05 pp |
| Q4 2024 | 2024-12-31 | 25.58% | +7.10 pp |
| Q3 2024 | 2024-09-30 | 12.84% | −10.52 pp |
| Q2 2024 | 2024-06-30 | −45.81% | −66.11 pp |
| Q1 2024 | 2024-03-31 | 10.43% | +7.37 pp |
| Q4 2023 | 2023-12-31 | 18.48% | +10.92 pp |
| Q3 2023 | 2023-09-30 | 23.36% | +6.55 pp |
| Q2 2023 | 2023-06-30 | 20.30% | −7.62 pp |
| Q1 2023 | 2023-03-31 | 3.06% | −12.83 pp |
| Q4 2022 | 2022-12-31 | 7.56% | −5.27 pp |
| Q3 2022 | 2022-09-30 | 16.81% | −12.15 pp |
| Q2 2022 | 2022-06-30 | 27.92% | +7.96 pp |
| Q1 2022 | 2022-03-31 | 15.89% | −0.44 pp |
| Q4 2021 | 2021-12-31 | 12.83% | −7.97 pp |
| Q3 2021 | 2021-09-30 | 28.96% | +28.10 pp |
| Q2 2021 | 2021-06-30 | 19.96% | −13.58 pp |
| Q1 2021 | 2021-03-31 | 16.34% | +133.14 pp |
| Q4 2020 | 2020-12-31 | 20.80% | +4.40 pp |
| Q3 2020 | 2020-09-30 | 0.86% | −23.49 pp |
| Q2 2020 | 2020-06-30 | 33.54% | +14.93 pp |
| Q1 2020 | 2020-03-31 | −116.80% | −131.68 pp |
| Q4 2019 | 2019-12-31 | 16.40% | +0.88 pp |
| Q3 2019 | 2019-09-30 | 24.35% | +17.43 pp |
| Q2 2019 | 2019-06-30 | 18.61% | +2.65 pp |
| Q1 2019 | 2019-03-31 | 14.88% | +32.43 pp |
| Q4 2018 | 2018-12-31 | 15.51% | +45.33 pp |
| Q3 2018 | 2018-09-30 | 6.92% | +2.98 pp |
| Q2 2018 | 2018-06-30 | 15.96% | +13.74 pp |
| Q1 2018 | 2018-03-31 | −17.56% | +17.14 pp |
| Q4 2017 | 2017-12-31 | −29.81% | −42.70 pp |
| Q3 2017 | 2017-09-30 | 3.94% | −4.34 pp |
| Q2 2017 | 2017-06-30 | 2.22% | −15.88 pp |
| Q1 2017 | 2017-03-31 | −34.69% | −48.37 pp |
| Q4 2016 | 2016-12-31 | 12.89% | −13.80 pp |
| Q3 2016 | 2016-09-30 | 8.27% | +8.33 pp |
| Q2 2016 | 2016-06-30 | 18.10% | +22.64 pp |
| Q1 2016 | 2016-03-31 | 13.68% | +18.03 pp |
| Q4 2015 | 2015-12-31 | 26.69% | +47.36 pp |
| Q3 2015 | 2015-09-30 | −0.05% | −35.35 pp |
| Q2 2015 | 2015-06-30 | −4.54% | +21.76 pp |
| Q1 2015 | 2015-03-31 | −4.35% | +21.19 pp |
| Q4 2014 | 2014-12-31 | −20.67% | −4.04 pp |
| Q3 2014 | 2014-09-30 | 35.30% | +50.79 pp |
| Q2 2014 | 2014-06-30 | −26.30% | −43.33 pp |
| Q1 2014 | 2014-03-31 | −25.54% | −19.78 pp |
| Q4 2013 | 2013-12-31 | −16.63% | −43.20 pp |
| Q3 2013 | 2013-09-30 | −15.49% | +1.27 pp |
| Q2 2013 | 2013-06-30 | 17.03% | −0.55 pp |
| Q1 2013 | 2013-03-31 | −5.76% | +88.73 pp |
| Q4 2012 | 2012-12-31 | 26.58% | +179.37 pp |
| Q3 2012 | 2012-09-30 | −16.76% | +234.13 pp |
| Q2 2012 | 2012-06-30 | 17.59% | +262.15 pp |
| Q1 2012 | 2012-03-31 | −94.50% | −45.00 pp |
| Q4 2011 | 2011-12-31 | −152.79% | −202.06 pp |
| Q3 2011 | 2011-09-30 | −250.89% | −120.16 pp |
| Q2 2011 | 2011-06-30 | −244.57% | −271.90 pp |
| Q1 2011 | 2011-03-31 | −49.49% | +65.21 pp |
| Q4 2010 | 2010-12-31 | 49.27% | — |
| Q3 2010 | 2010-09-30 | −130.73% | — |
| Q2 2010 | 2010-06-30 | 27.33% | — |
| Q1 2010 | 2010-03-31 | −114.70% | — |
Incyte operating margin trends
Over the last five reported fiscal years, Incyte's operating margin increased from −9.89% to 29.46%, a change of +39.35 percentage points. The latest reported quarter, Q1 2026, shows 23.66%.
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 Incyte filings at SEC.gov ↗