Regeneron Pharmaceuticals annual operating margin
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Regeneron Pharmaceuticals Operating Margin Growth & History (REGN)
Regeneron Pharmaceuticals's operating margin was 24.95% for fiscal 2025.
View full Regeneron Pharmaceuticals company overviewRegeneron Pharmaceuticals annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 24.95% | −3.15 pp |
| 2024 | 2024-12-31 | 28.10% | −2.75 pp |
| 2023 | 2023-12-31 | 30.85% | −8.08 pp |
| 2022 | 2022-12-31 | 38.93% | −16.74 pp |
| 2021 | 2021-12-31 | 55.67% | +13.58 pp |
| 2020 | 2020-12-31 | 42.09% | +8.39 pp |
| 2019 | 2019-12-31 | 33.70% | −15.56 pp |
| 2018 | 2018-12-31 | 49.25% | +13.84 pp |
| 2017 | 2017-12-31 | 35.41% | +8.04 pp |
| 2016 | 2016-12-31 | 27.38% | −3.13 pp |
| 2015 | 2015-12-31 | 30.51% | +1.29 pp |
| 2014 | 2014-12-31 | 29.22% | −6.08 pp |
| 2013 | 2013-12-31 | 35.30% | +2.10 pp |
| 2012 | 2012-12-31 | 33.20% | +79.22 pp |
| 2011 | 2011-12-31 | −46.02% | −24.79 pp |
| 2010 | 2010-12-31 | −21.23% | −1.69 pp |
| 2009 | 2009-12-31 | −19.54% | +16.63 pp |
| 2008 | 2008-12-31 | −36.17% | — |
Regeneron Pharmaceuticals quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 30.15% | +0.78 pp |
| Q1 2026 | 2026-03-31 | 17.83% | −1.70 pp |
| Q4 2025 | 2025-12-31 | 22.65% | −3.48 pp |
| Q3 2025 | 2025-09-30 | 27.35% | −4.35 pp |
| Q2 2025 | 2025-06-30 | 29.37% | −0.78 pp |
| Q1 2025 | 2025-03-31 | 19.54% | −4.36 pp |
| Q4 2024 | 2024-12-31 | 26.13% | −2.20 pp |
| Q3 2024 | 2024-09-30 | 31.70% | −1.34 pp |
| Q2 2024 | 2024-06-30 | 30.15% | −2.03 pp |
| Q1 2024 | 2024-03-31 | 23.89% | −6.05 pp |
| Q4 2023 | 2023-12-31 | 28.33% | −5.26 pp |
| Q3 2023 | 2023-09-30 | 33.04% | −8.64 pp |
| Q2 2023 | 2023-06-30 | 32.19% | −6.66 pp |
| Q1 2023 | 2023-03-31 | 29.94% | −12.50 pp |
| Q4 2022 | 2022-12-31 | 33.59% | −19.72 pp |
| Q3 2022 | 2022-09-30 | 41.68% | −11.82 pp |
| Q2 2022 | 2022-06-30 | 38.85% | −26.29 pp |
| Q1 2022 | 2022-03-31 | 42.44% | −1.56 pp |
| Q4 2021 | 2021-12-31 | 53.31% | +5.14 pp |
| Q3 2021 | 2021-09-30 | 53.50% | +7.59 pp |
| Q2 2021 | 2021-06-30 | 65.14% | +31.51 pp |
| Q1 2021 | 2021-03-31 | 44.00% | +5.71 pp |
| Q4 2020 | 2020-12-31 | 48.17% | +11.91 pp |
| Q3 2020 | 2020-09-30 | 45.91% | +3.55 pp |
| Q2 2020 | 2020-06-30 | 33.63% | +13.62 pp |
| Q1 2020 | 2020-03-31 | 38.29% | +3.32 pp |
| Q4 2019 | 2019-12-31 | 36.26% | −161.78 pp |
| Q3 2019 | 2019-09-30 | 42.35% | +4.67 pp |
| Q2 2019 | 2019-06-30 | 20.00% | −18.69 pp |
| Q1 2019 | 2019-03-31 | 34.97% | −2.56 pp |
| Q4 2018 | 2018-12-31 | 198.04% | +163.99 pp |
| Q3 2018 | 2018-09-30 | 37.69% | +0.37 pp |
| Q2 2018 | 2018-06-30 | 38.69% | +1.26 pp |
| Q1 2018 | 2018-03-31 | 37.53% | +4.88 pp |
| Q4 2017 | 2017-12-31 | 34.05% | +5.77 pp |
| Q3 2017 | 2017-09-30 | 37.31% | +7.58 pp |
| Q2 2017 | 2017-06-30 | 37.43% | +13.38 pp |
| Q1 2017 | 2017-03-31 | 32.64% | +5.22 pp |
| Q4 2016 | 2016-12-31 | 28.28% | +7.24 pp |
| Q3 2016 | 2016-09-30 | 29.73% | −4.77 pp |
| Q2 2016 | 2016-06-30 | 24.05% | −10.48 pp |
| Q1 2016 | 2016-03-31 | 27.42% | −5.18 pp |
| Q4 2015 | 2015-12-31 | 21.04% | −5.85 pp |
| Q3 2015 | 2015-09-30 | 34.50% | +8.53 pp |
| Q2 2015 | 2015-06-30 | 34.53% | +0.27 pp |
| Q1 2015 | 2015-03-31 | 32.61% | +1.99 pp |
| Q4 2014 | 2014-12-31 | 26.90% | −5.06 pp |
| Q3 2014 | 2014-09-30 | 25.97% | −13.70 pp |
| Q2 2014 | 2014-06-30 | 34.26% | −0.28 pp |
| Q1 2014 | 2014-03-31 | 30.61% | −4.20 pp |
| Q4 2013 | 2013-12-31 | 31.96% | −3.17 pp |
| Q3 2013 | 2013-09-30 | 39.66% | −7.65 pp |
| Q2 2013 | 2013-06-30 | 34.55% | +5.81 pp |
| Q1 2013 | 2013-03-31 | 34.81% | +25.23 pp |
| Q4 2012 | 2012-12-31 | 35.13% | +72.05 pp |
| Q3 2012 | 2012-09-30 | 47.32% | +104.16 pp |
| Q2 2012 | 2012-06-30 | 28.74% | +84.69 pp |
| Q1 2012 | 2012-03-31 | 9.58% | +46.10 pp |
| Q4 2011 | 2011-12-31 | −36.92% | −27.36 pp |
| Q3 2011 | 2011-09-30 | −56.85% | −26.56 pp |
| Q2 2011 | 2011-06-30 | −55.95% | −35.48 pp |
| Q1 2011 | 2011-03-31 | −36.52% | −8.63 pp |
| Q4 2010 | 2010-12-31 | −9.56% | −8.46 pp |
| Q3 2010 | 2010-09-30 | −30.28% | −12.22 pp |
| Q2 2010 | 2010-06-30 | −20.47% | — |
| Q1 2010 | 2010-03-31 | −27.89% | — |
| Q3 2009 | 2009-09-30 | −1.10% | — |
| Q2 2009 | 2009-06-30 | −18.07% | — |
Regeneron Pharmaceuticals operating margin trends
Over the last five reported fiscal years, Regeneron Pharmaceuticals's operating margin decreased from 42.09% to 24.95%, a change of −17.15 percentage points. The latest reported quarter, Q2 2026, shows 30.15%.
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 Regeneron Pharmaceuticals filings at SEC.gov ↗