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Amgen Inc (AMGN) operating KPIs

AMGNNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 17/3039% above fair value
$466.01+5.28 (+1.15%)

Close on Oct 30, 2026Market cap $251.94BP/E 28.9Yield 2.07%

KPIs

Operating metrics that drive Amgen's business · fiscal year ends Calendar fiscal year ending December 31 (FY2025 ended December 31, 2025; Q2 2026 ended June 30, 2026)

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Q2 2026
2026-06-30
Q1 2026
2026-03-31
Q4 2025
2025-12-31
Q3 2025
2025-09-30
Q2 2025
2025-06-30
Q1 2025
2025-03-31
Q4 2024
2024-12-31
Q3 2024
2024-09-30
Q2 2024
2024-06-30
Q1 2024
2024-03-31
Q4 2023
2023-12-31
Q3 2023
2023-09-30
Total Revenues — Worldwide ($M)($M)1
10,0548,6189,8669,5579,1798,1499,0868,5038,3887,4478,1966,903
Other Revenues (Royalties, Milestone & Collaboration Revenues) — Worldwide ($M)($M)
517400499420408276370352347329363355
Total Product Sales — Worldwide ($M)($M)5
9,5378,2189,3679,1378,7717,8738,7168,1518,0417,1187,8336,548
Total Product Sales — United States ($M)($M)1
6,9905,7736,9196,7516,3245,6626,5095,9795,8404,9735,8704,691
Total Product Sales — U.S. volume growth YoY (%)(%)
9.0%8.0%13.0%13.0%16.0%34.0%30.0%29.0%
Total Product Sales — Rest of World (ROW) ($M)($M)1
2,5472,4452,4482,3862,4472,2112,2072,1722,2012,1451,9631,857
Total Product Sales — Rest of World (ROW) volume growth YoY (%)(%)
8.0%13.0%16.0%15.0%11.0%18.0%15.0%17.0%
Total Product Sales — Worldwide reported growth YoY (%)(%)
9.0%4.0%7.0%12.0%9.0%11.0%11.0%24.0%20.0%22.0%20.0%5.0%
Total Product Sales — Worldwide volume growth YoY (%)(%)
9.0%14.0%15.0%12.0%10.0%25.0%23.0%
Total Product Sales — Worldwide net selling price change YoY (%)(%)
-2.0%-6.0%-3.0%
Repatha (evolocumab — PCSK9 Inhibitor, Cardiovascular) — Worldwide product sales ($M)($M)4
953876870794696656606567532517417406
Repatha (evolocumab — PCSK9 Inhibitor, Cardiovascular) — U.S. product sales ($M)($M)
510465517442361343315281270273201183
Repatha (evolocumab — PCSK9 Inhibitor, Cardiovascular) — Rest of World (ROW) product sales ($M)($M)
443411353352335313291286262244216223
Repatha (evolocumab — PCSK9 Inhibitor, Cardiovascular) — Worldwide reported sales growth YoY (%)(%)
37.0%34.0%44.0%40.0%31.0%27.0%45.0%40.0%25.0%33.0%25.0%31.0%
Repatha (evolocumab — PCSK9 Inhibitor, Cardiovascular) — Worldwide volume growth YoY (%)(%)
35.0%31.0%36.0%41.0%41.0%46.0%44.0%35.0%43.0%
EVENITY (romosozumab-aqqg — Postmenopausal Osteoporosis) — Worldwide product sales ($M)($M)3
714562599541518442431399391342318307
EVENITY (romosozumab-aqqg — Postmenopausal Osteoporosis) — U.S. product sales ($M)($M)
550431468417395320325289281236239214
EVENITY (romosozumab-aqqg — Postmenopausal Osteoporosis) — Rest of World (ROW) product sales ($M)($M)
1641311311241231221061101101067993
EVENITY (romosozumab-aqqg — Postmenopausal Osteoporosis) — Worldwide reported sales growth YoY (%)(%)
38.0%27.0%39.0%36.0%32.0%29.0%36.0%30.0%39.0%35.0%41.0%53.0%
Prolia (denosumab — Postmenopausal Osteoporosis) — Worldwide product sales ($M)($M)4
7597271,0541,1391,1221,0991,1651,0451,1659991,107986
Prolia (denosumab — Postmenopausal Osteoporosis) — U.S. product sales ($M)($M)
478461707806745720775683770657746673
Prolia (denosumab — Postmenopausal Osteoporosis) — Rest of World (ROW) product sales ($M)($M)
281266347333377379390362395342361313
Prolia (denosumab — Postmenopausal Osteoporosis) — Worldwide reported sales growth YoY (%)(%)
-32.0%-34.0%-10.0%9.0%-4.0%10.0%5.0%6.0%13.0%8.0%12.0%14.0%
Prolia (denosumab — Postmenopausal Osteoporosis) — Worldwide net selling price change YoY (%)(%)
-12.0%-10.0%-8.0%-5.0%
Aimovig (erenumab-aooe — Migraine Prevention, legacy standalone disclosure) — Worldwide product sales ($M)($M)3
7894
Aimovig (erenumab-aooe — Migraine Prevention, legacy standalone disclosure) — U.S. product sales ($M)($M)
816872906485867780657388
Aimovig (erenumab-aooe — Migraine Prevention, legacy standalone disclosure) — Rest of World (ROW) product sales ($M)($M)
767565655556
Aimovig (erenumab-aooe — Migraine Prevention, legacy standalone disclosure) — Worldwide reported sales growth YoY (%)(%)
-32.0%-12.0%
TEPEZZA (teprotumumab-trbw — Thyroid Eye Disease) — Worldwide product sales ($M)($M)3
5764904575605053814604884794244480
TEPEZZA (teprotumumab-trbw — Thyroid Eye Disease) — U.S. product sales ($M)($M)
5204244095184663654564824784194410
TEPEZZA (teprotumumab-trbw — Thyroid Eye Disease) — Rest of World (ROW) product sales ($M)($M)
566648423916461570
TEPEZZA (teprotumumab-trbw — Thyroid Eye Disease) — Worldwide reported sales growth YoY (%)(%)
14.0%29.0%-1.0%15.0%5.0%-10.0%3.0%
KRYSTEXXA (pegloticase — Uncontrolled Chronic Gout) — Worldwide product sales ($M)($M)3
4002554353203492363463102942352720
KRYSTEXXA (pegloticase — Uncontrolled Chronic Gout) — U.S. product sales ($M)($M)
3992554353203492363463102942352720
KRYSTEXXA (pegloticase — Uncontrolled Chronic Gout) — Rest of World (ROW) product sales ($M)($M)
100000000000
KRYSTEXXA (pegloticase — Uncontrolled Chronic Gout) — Worldwide reported sales growth YoY (%)(%)
15.0%8.0%26.0%3.0%19.0%0.0%27.0%
UPLIZNA (inebilizumab-cdon — NMOSD & IgG4-Related Disease) — Worldwide product sales ($M)($M)2
33526223315517691101106928065
UPLIZNA (inebilizumab-cdon — NMOSD & IgG4-Related Disease) — U.S. product sales ($M)($M)
317246168146132829374777060
UPLIZNA (inebilizumab-cdon — NMOSD & IgG4-Related Disease) — Rest of World (ROW) product sales ($M)($M)
181665944983215105
TAVNEOS (avacopan — ANCA-Associated Vasculitis) — Worldwide product sales ($M)($M)4
15011915210711090818071514437
TAVNEOS (avacopan — ANCA-Associated Vasculitis) — U.S. product sales ($M)($M)
14311414210110377767461454232
TAVNEOS (avacopan — ANCA-Associated Vasculitis) — Rest of World (ROW) product sales ($M)($M)
751067135610625
TAVNEOS (avacopan — ANCA-Associated Vasculitis) — Worldwide reported sales growth YoY (%)(%)
36.0%32.0%88.0%34.0%55.0%76.0%84.0%
TAVNEOS (avacopan — ANCA-Associated Vasculitis) — Worldwide volume growth YoY (%)(%)
55.0%69.0%66.0%
Ultra-Rare Products (RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL & QUINSAIR) — Worldwide product sales ($M)($M)4
14998157200183179214188187169164
Ultra-Rare Products (RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL & QUINSAIR) — U.S. product sales ($M)($M)
14496144195175171205180175166162
Ultra-Rare Products (RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL & QUINSAIR) — Rest of World (ROW) product sales ($M)($M)
5213588981232
Ultra-Rare Products (RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL & QUINSAIR) — Worldwide reported sales growth YoY (%)(%)
-19.0%-45.0%-27.0%6.0%-2.0%6.0%30.0%
PROCYSBI (cysteamine bitartrate — Nephropathic Cystinosis) — U.S. sales ($M)($M)1
71475962555761575449
PROCYSBI — Rest of World (ROW) sales ($M)($M)
3121222141
TEZSPIRE (tezepelumab-ekko — Severe Asthma) — Worldwide product sales ($M)($M)4
486343474377342285296269234173177161
TEZSPIRE (tezepelumab-ekko — Severe Asthma) — U.S. product sales ($M)($M)
486343474377342285296269234173177161
TEZSPIRE (tezepelumab-ekko — Severe Asthma) — Rest of World (ROW) product sales ($M)($M)
000000000000
TEZSPIRE (tezepelumab-ekko — Severe Asthma) — Worldwide reported sales growth YoY (%)(%)
42.0%20.0%60.0%40.0%46.0%65.0%67.0%67.0%76.0%80.0%
TEZSPIRE (tezepelumab-ekko — Severe Asthma) — Worldwide volume growth YoY (%)(%)
32.0%51.0%48.0%
Otezla (apremilast — Plaque Psoriasis & Psoriatic Arthritis) — Worldwide product sales ($M)($M)4
491431625585618437624564544394629567
Otezla (apremilast — Plaque Psoriasis & Psoriatic Arthritis) — U.S. product sales ($M)($M)
431352511473512343514460432293526462
Otezla (apremilast — Plaque Psoriasis & Psoriatic Arthritis) — Rest of World (ROW) product sales ($M)($M)
607911411210694110104112101103105
Otezla (apremilast — Plaque Psoriasis & Psoriatic Arthritis) — Worldwide reported sales growth YoY (%)(%)
-21.0%-1.0%0.0%4.0%14.0%11.0%-1.0%-1.0%-9.0%1.0%2.0%-10.0%
Otezla (apremilast — Plaque Psoriasis & Psoriatic Arthritis) — Worldwide volume growth YoY (%)(%)
-6.0%-2.0%6.0%4.0%4.0%5.0%5.0%2.0%3.0%1.0%
Enbrel (etanercept — Rheumatoid Arthritis & Psoriasis) — Worldwide product sales ($M)($M)4
5803205325806045101,0158259095671,0151,035
Enbrel (etanercept — Rheumatoid Arthritis & Psoriasis) — U.S. product sales ($M)($M)
5743145245745975041,0088179025611,0051,026
Enbrel (etanercept — Rheumatoid Arthritis & Psoriasis) — Rest of World (ROW) product sales ($M)($M)
6686767876109
Enbrel (etanercept — Rheumatoid Arthritis & Psoriasis) — Worldwide reported sales growth YoY (%)(%)
-4.0%-37.0%-48.0%-30.0%-34.0%-10.0%-20.0%-15.0%-2.0%-8.0%-6.0%
Enbrel (etanercept — Rheumatoid Arthritis & Psoriasis) — Worldwide net selling price change YoY (%)(%)
-22.0%-15.0%-35.0%-38.0%-19.0%-47.0%-12.0%
PAVBLU (aflibercept-ayyh — Eylea Biosimilar, Retinal Diseases) — Worldwide product sales ($M)($M)2
2872802582131309931
PAVBLU (aflibercept-ayyh — Eylea Biosimilar, Retinal Diseases) — U.S. product sales ($M)($M)
28027625421212699
PAVBLU (aflibercept-ayyh — Eylea Biosimilar, Retinal Diseases) — Rest of World (ROW) product sales ($M)($M)
74414
AMJEVITA / AMGEVITA (adalimumab-atto — Humira Biosimilar) — Worldwide product sales ($M)($M)3
155173174154133136294166133168160152
AMJEVITA / AMGEVITA (adalimumab-atto — Humira Biosimilar) — U.S. product sales ($M)($M)
26412816415328-9303323
AMJEVITA / AMGEVITA (adalimumab-atto — Humira Biosimilar) — Rest of World (ROW) product sales ($M)($M)
129132146138133132141138142138127129
AMJEVITA / AMGEVITA (adalimumab-atto — Humira Biosimilar) — Worldwide reported sales growth YoY (%)(%)
17.0%27.0%-41.0%-7.0%-19.0%84.0%9.0%-11.0%2.0%34.0%30.0%
WEZLANA / WEZENLA (ustekinumab-auub — Stelara Biosimilar) — Worldwide product sales ($M)($M)1
61474444351502151
WEZLANA / WEZENLA (ustekinumab-auub — Stelara Biosimilar) — Rest of World (ROW) product sales ($M)($M)
6143444435272151
BLINCYTO (blinatumomab — CD19 BiTE Immuno-Oncology, ALL) — Worldwide product sales ($M)($M)3
472415413392384370381327264244241220
BLINCYTO (blinatumomab — CD19 BiTE Immuno-Oncology, ALL) — U.S. product sales ($M)($M)
285221270236270273245237165153148147
BLINCYTO (blinatumomab — CD19 BiTE Immuno-Oncology, ALL) — Rest of World (ROW) product sales ($M)($M)
187194143156114971369099919373
BLINCYTO (blinatumomab — CD19 BiTE Immuno-Oncology, ALL) — Worldwide reported sales growth YoY (%)(%)
23.0%12.0%8.0%20.0%45.0%52.0%58.0%49.0%28.0%26.0%47.0%55.0%
IMDELLTRA / IMDYLLTRA (tarlatamab-dlle — DLL3 BiTE, Small Cell Lung Cancer) — Worldwide product sales ($M)($M)2
28825823417813481673612
IMDELLTRA / IMDYLLTRA (tarlatamab-dlle — DLL3 BiTE, Small Cell Lung Cancer) — U.S. product sales ($M)($M)
23318818314410779673612
IMDELLTRA / IMDYLLTRA (tarlatamab-dlle — DLL3 BiTE, Small Cell Lung Cancer) — Rest of World (ROW) product sales ($M)($M)
55705134272
Vectibix (panitumumab — Metastatic Colorectal Cancer) — Worldwide product sales ($M)($M)4
338287319284305267246282270247251252
Vectibix (panitumumab — Metastatic Colorectal Cancer) — U.S. product sales ($M)($M)
167136163162144135134132133120116116
Vectibix (panitumumab — Metastatic Colorectal Cancer) — Rest of World (ROW) product sales ($M)($M)
171151156122161132112150137127135136
Vectibix (panitumumab — Metastatic Colorectal Cancer) — Worldwide reported sales growth YoY (%)(%)
11.0%7.0%30.0%1.0%13.0%8.0%-2.0%12.0%9.0%6.0%5.0%2.0%
Vectibix (panitumumab — Metastatic Colorectal Cancer) — Worldwide volume growth YoY (%)(%)
11.0%23.0%-4.0%4.0%
KYPROLIS (carfilzomib — Relapsed/Refractory Multiple Myeloma) — Worldwide product sales ($M)($M)4
314330351359378324372378377376350349
KYPROLIS (carfilzomib — Relapsed/Refractory Multiple Myeloma) — U.S. product sales ($M)($M)
201218240225232216236238240234222231
KYPROLIS (carfilzomib — Relapsed/Refractory Multiple Myeloma) — Rest of World (ROW) product sales ($M)($M)
113112111134146108136140137142128118
KYPROLIS (carfilzomib — Relapsed/Refractory Multiple Myeloma) — Worldwide reported sales growth YoY (%)(%)
-17.0%2.0%-6.0%-5.0%0.0%-14.0%6.0%8.0%9.0%5.0%8.0%10.0%
KYPROLIS (carfilzomib — Relapsed/Refractory Multiple Myeloma) — Worldwide volume growth YoY (%)(%)
8.0%
Nplate (romiplostim — Immune Thrombocytopenia) — Worldwide product sales ($M)($M)4
430412385457369313337456346317386419
Nplate (romiplostim — Immune Thrombocytopenia) — U.S. product sales ($M)($M)
275283265333228201221345214190252322
Nplate (romiplostim — Immune Thrombocytopenia) — Rest of World (ROW) product sales ($M)($M)
15512912012414111211611113212713497
Nplate (romiplostim — Immune Thrombocytopenia) — Worldwide reported sales growth YoY (%)(%)
17.0%32.0%14.0%0.0%7.0%-1.0%-13.0%9.0%12.0%-12.0%-18.0%45.0%
Nplate (romiplostim — Immune Thrombocytopenia) — Worldwide volume growth YoY (%)(%)
13.0%8.0%9.0%14.0%43.0%
XGEVA (denosumab — Oncology Bone Metastases & Giant Cell Tumor) — Worldwide product sales ($M)($M)3
352411447539532566561541562561527519
XGEVA (denosumab — Oncology Bone Metastases & Giant Cell Tumor) — U.S. product sales ($M)($M)
187228291357347360369373399366382374
XGEVA (denosumab — Oncology Bone Metastases & Giant Cell Tumor) — Rest of World (ROW) product sales ($M)($M)
165183156182185206192168163195145145
XGEVA (denosumab — Oncology Bone Metastases & Giant Cell Tumor) — Worldwide reported sales growth YoY (%)(%)
-34.0%-27.0%-20.0%0.0%-5.0%1.0%6.0%4.0%6.0%5.0%9.0%5.0%
LUMAKRAS / LUMYKRAS (sotorasib — KRAS G12C Non-Small Cell Lung Cancer) — Worldwide product sales ($M)($M)3
1119492969085859885827752
LUMAKRAS / LUMYKRAS (sotorasib — KRAS G12C Non-Small Cell Lung Cancer) — U.S. product sales ($M)($M)
624947575255535355535148
LUMAKRAS / LUMYKRAS (sotorasib — KRAS G12C Non-Small Cell Lung Cancer) — Rest of World (ROW) product sales ($M)($M)
49454539383032453029264
LUMAKRAS / LUMYKRAS (sotorasib — KRAS G12C Non-Small Cell Lung Cancer) — Worldwide reported sales growth YoY (%)(%)
23.0%11.0%8.0%-2.0%6.0%4.0%10.0%88.0%10.0%11.0%8.0%-31.0%
MVASI (bevacizumab-awwb — Avastin Oncology Biosimilar) — Worldwide product sales ($M)($M)3
153150188213191179173195157202188213
MVASI (bevacizumab-awwb — Avastin Oncology Biosimilar) — U.S. product sales ($M)($M)
10696137156142138108136100105127140
MVASI (bevacizumab-awwb — Avastin Oncology Biosimilar) — Rest of World (ROW) product sales ($M)($M)
475451574941655957976173
MVASI (bevacizumab-awwb — Avastin Oncology Biosimilar) — Worldwide reported sales growth YoY (%)(%)
-20.0%-16.0%9.0%9.0%22.0%-11.0%-8.0%-8.0%-20.0%-8.0%2.0%
KANJINTI (trastuzumab-anns — Herceptin Biosimilar, legacy standalone disclosure) — Worldwide product sales ($M)($M)3
4220
KANJINTI (trastuzumab-anns — Herceptin Biosimilar, legacy standalone disclosure) — U.S. product sales ($M)($M)
317
KANJINTI (trastuzumab-anns — Herceptin Biosimilar, legacy standalone disclosure) — Rest of World (ROW) product sales ($M)($M)
1113
KANJINTI (trastuzumab-anns — Herceptin Biosimilar, legacy standalone disclosure) — Worldwide reported sales growth YoY (%)(%)
-33.0%-72.0%
Aranesp (darbepoetin alfa — Nephrology & Oncology Anemia) — Worldwide product sales ($M)($M)3
352311333357359340308337348349319323
Aranesp (darbepoetin alfa — Nephrology & Oncology Anemia) — U.S. product sales ($M)($M)
9477115103107919010591100107107
Aranesp (darbepoetin alfa — Nephrology & Oncology Anemia) — Rest of World (ROW) product sales ($M)($M)
258234218254252249218232257249212216
Aranesp (darbepoetin alfa — Nephrology & Oncology Anemia) — Worldwide reported sales growth YoY (%)(%)
-2.0%-9.0%8.0%6.0%3.0%-3.0%-3.0%4.0%-5.0%-2.0%-8.0%-10.0%
Neulasta (pegfilgrastim — Febrile Neutropenia) — Worldwide product sales ($M)($M)2
179165132928212998110105118239124
Neulasta (pegfilgrastim — Febrile Neutropenia) — U.S. product sales ($M)($M)
16414911572631097284758720892
Neulasta (pegfilgrastim — Febrile Neutropenia) — Rest of World (ROW) product sales ($M)($M)
151617201920262630313132
Parsabiv (etelcalcetide — Secondary Hyperparathyroidism) — Worldwide product sales ($M)($M)3
101878984928875701061058995
Parsabiv (etelcalcetide — Secondary Hyperparathyroidism) — U.S. product sales ($M)($M)
544349425150393267655759
Parsabiv (etelcalcetide — Secondary Hyperparathyroidism) — Rest of World (ROW) product sales ($M)($M)
474440424138363839403236
Parsabiv (etelcalcetide — Secondary Hyperparathyroidism) — Worldwide reported sales growth YoY (%)(%)
10.0%-1.0%19.0%20.0%-13.0%-16.0%-16.0%-26.0%22.0%15.0%-4.0%-5.0%
EPOGEN (epoetin alfa — Dialysis Anemia, legacy standalone disclosure) — Worldwide product sales ($M)($M)2
193332415550
EPOGEN (epoetin alfa — Dialysis Anemia, legacy standalone disclosure) — U.S. product sales ($M)($M)
193332415550
EPOGEN (epoetin alfa — Dialysis Anemia, legacy standalone disclosure) — Worldwide reported sales growth YoY (%)(%)
-65.0%-34.0%-48.0%-32.0%-52.0%-63.0%
Other Products (Segment Note 2 Aggregate) — Worldwide product sales ($M)($M)4
1,6971,5282,0731,8531,3801,4751,5681,3631,3261,3731,3761,004
Other Products (Segment Note 2 Aggregate) — U.S. product sales ($M)($M)
1,2831,1311,5301,4089901,1091,1799589379631,036675
Other Products (Segment Note 2 Aggregate) — Rest of World (ROW) product sales ($M)($M)
414397543445390366389405389410340329
Biosimilars Included in Other Product Sales — Worldwide ($M)($M)
19918518915117217121814818317693104
Other Residual Products (8-K Schedule) — Worldwide ($M)($M)3
351315320317334340361281346357175167
Other Residual Products (8-K Schedule) — U.S. ($M)($M)
304263263267278283294228292301137136
Other Residual Products (8-K Schedule) — Rest of World (ROW) ($M)($M)
475257505657675354563831
Other Residual Products (8-K Schedule) — Worldwide growth YoY (%)(%)
5.0%-7.0%-2.0%3.0%-12.0%-14.0%22.0%13.0%16.0%9.0%1.0%
Accrued Sales Deductions Liability — Balance Sheet Ending Reserve ($M)1
Operating Cash Flow — Change in Accrued Sales Incentives & Allowance ($M)($M)
1,117-839-2321,184627486658929-77-316520242
Collaborations — AstraZeneca (TEZSPIRE) Profit Share Recorded in Cost of Sales ($M)1
BeiGene / BeOne Oncology Collaboration — R&D Cost Recovery ($M)1
BeiGene / BeOne Medicines — Amgen Equity Ownership Stake (%)(%)
17.0%17.0%17.0%17.8%18.0%18.0%18.0%
R&D Expense by Stage (10-K MD&A) — Total R&D Expense ($M)($M)1
1,8681,7192,1421,9001,7441,4861,7241,4501,4471,3431,5341,079
R&D Expense Excluding Software (Segment Disaggregation Note 2) ($M)($M)
1,8681,7192,1421,9001,7441,4861,7241,4501,4471,343
Non-GAAP Operating Income ($M)($M)2
4,6123,7214,0064,3054,2933,5994,0334,0443,8733,0783,6603,403
GAAP Operating Income ($M)($M)
3,5142,6662,7202,5262,6561,1782,3112,0471,9099911,2712,021
Non-GAAP Operating Margin as % of Product Sales (%)(%)1
48.4%45.3%42.8%47.1%48.9%45.7%46.3%49.6%48.2%43.2%46.7%52.0%
GAAP Operating Margin as % of Product Sales (%)(%)
36.8%32.4%29.0%27.6%30.3%15.0%26.5%25.1%23.7%13.9%16.2%30.9%
Non-GAAP Cost of Sales ($M)($M)2
1,8741,6031,7901,6621,5511,4201,5361,4541,4061,3401,2781,137
GAAP Cost of Sales ($M)($M)
2,8112,7442,9763,0823,0112,9683,1123,3103,2363,2003,1121,806
Non-GAAP Cost of Sales as % of Product Sales (%)(%)1
19.6%19.5%19.1%18.2%17.7%18.0%17.6%17.8%17.5%18.8%16.3%17.4%
GAAP Cost of Sales as % of Product Sales (%)(%)
29.5%33.4%31.8%33.7%34.3%37.7%35.7%40.6%40.2%45.0%39.7%27.6%
Non-GAAP Research & Development Expense ($M)($M)2
1,8511,7112,1331,8901,6851,4751,6981,4401,4231,3171,4941,070
GAAP Research & Development Expense ($M)($M)
1,8681,7192,1421,9001,7441,4861,7241,4501,4471,3431,5341,079
Non-GAAP R&D Expense as % of Product Sales (%)(%)1
19.4%20.8%22.8%20.7%19.2%18.7%19.5%17.7%17.7%18.5%19.1%16.3%
GAAP R&D Expense as % of Product Sales (%)(%)
19.6%20.9%22.9%20.8%19.9%18.9%19.8%17.8%18.0%18.9%19.6%16.5%
Non-GAAP Selling, General & Administrative Expense ($M)($M)2
1,7171,5831,9371,7001,6501,6551,8191,5651,6861,7121,7641,293
GAAP Selling, General & Administrative Expense ($M)($M)
1,7451,6021,9521,7201,6911,6871,8781,6251,7851,8082,2741,353
Non-GAAP SG&A Expense as % of Product Sales (%)(%)1
18.0%19.3%20.7%18.6%18.8%21.0%20.9%19.2%21.0%24.1%22.5%19.7%
GAAP SG&A Expense as % of Product Sales (%)(%)
18.3%19.5%20.8%18.8%19.3%21.4%21.5%19.9%22.2%25.4%29.0%20.7%
Non-GAAP Total Operating Expenses ($M)($M)2
5,4424,8975,8605,2524,8864,5505,0534,4594,5154,3694,5363,500
GAAP Total Operating Expenses ($M)($M)
6,5405,9527,1467,0316,5236,9716,7756,4566,4796,4566,9254,882
Total Non-GAAP Operating Expense Adjustments ($M)($M)
-1,098-1,055-1,286-1,779-1,637-2,421-1,722-1,997-1,964-2,087-2,389-1,382
Non-GAAP Net Income ($M)($M)5
3,4232,7992,8753,0553,2582,6492,8793,0242,6912,1402,5432,667
Non-GAAP Income Before Income Taxes ($M)($M)
4,0553,2413,4403,7373,7963,1033,3793,4903,1632,5293,0253,178
Non-GAAP Provision for Income Taxes ($M)($M)
632442565682538454500466472389482511
Non-GAAP Effective Tax Rate (%)(%)1
15.6%13.6%16.4%18.2%14.2%14.6%14.8%13.4%14.9%15.4%15.9%16.1%
GAAP Effective Tax Rate (%)(%)
14.2%12.7%12.0%18.0%8.7%12.3%19.8%8.7%6.0%-66.2%10.0%11.1%
Non-GAAP Diluted Earnings Per Share ($/sh)($)1
6.295.155.295.646.024.905.315.584.974.714.96
GAAP Diluted Earnings Per Share ($/sh)($)
4.373.342.455.932.653.201.165.221.381.423.22
Non-GAAP Free Cash Flow (Operating Cash Flow Less CapEx) ($M)($M)
3,4891,4779614,2481,9119804,4003,3142,2214592892,512
Segment Expense Disaggregation (Note 2) — Manufacturing Cost of Sales Excluding Amort & Royalty ($M)($M)5
2,1392,1802,3252,5082,4842,5282,6272,8522,8252,814
Segment Profit Share & Royalty Expense in Cost of Sales ($M)($M)
672564651574527440485458411386
Segment Selling & Marketing Expense ($M)($M)
1,1551,1341,2901,0971,1371,0661,1811,1171,2111,204
Segment General & Administrative Expense ($M)($M)
590468662623554621697508574604
Other Segment Items (Other Operating Expenses & Non-Core Items) ($M)($M)
314-87745-1,642557-562948-1,661445520
Restructuring Charges (legacy standalone disclosure) ($M)($M)
1531
Inventories — Total Net Carrying Value ($M)($M)3
6,2206,1866,2256,3466,5836,7296,9987,3627,9958,7249,5185,026
Inventories — Raw Materials ($M)($M)
1,0821,048915955885841818788884928993849
Inventories — Work in Process ($M)($M)
3,4703,4263,4253,5553,6583,9614,1204,3394,4765,2705,7472,992
Inventories — Finished Goods ($M)($M)
1,6681,7121,8851,8362,0401,9272,0602,2352,6352,5262,7781,185
Property, Plant & Equipment — Total Net Carrying Value ($M)($M)2
8,5478,2167,9137,2206,8556,6816,5436,1566,0976,0025,9415,563
Accumulated Depreciation and Amortization of PP&E ($M)($M)
9,4009,30011,10011,00010,80010,60010,38810,30010,1009,9009,8089,700
Capital Expenditures Paid ($M)($M)
513712642436369411371257238230249248
Goodwill — Carrying Value ($M)($M)1
18,66818,67418,68018,67618,67418,64518,63718,65818,61618,57018,62915,509
Goodwill Foreign Currency Translation Adjustment ($M)($M)
-6-642298-2116-2-109-8
Other Intangible Assets — Total Net Carrying Value ($M)($M)7
20,48721,37922,27623,13924,61425,72427,69928,92030,17231,37232,64113,150
Other Intangible Assets — Total Gross Carrying Value ($M)($M)
55,01655,02955,06055,01155,40755,34856,12256,19356,22156,23056,44735,766
Other Intangible Assets — Total Accumulated Amortization ($M)($M)
34,52933,65032,78431,87230,79329,62428,42327,27326,04924,85823,80622,616
Finite-Lived Intangible Assets — Total Net Carrying Value ($M)($M)6
19,77720,66921,56622,42923,90424,66426,63927,83029,02230,22231,42312,992
Finite-Lived Intangible Assets — Total Gross Carrying Value ($M)($M)
54,30654,31954,35054,30154,69754,28855,06255,10355,07155,08055,22935,608
Finite-Lived Intangible Assets — Total Accumulated Amortization ($M)($M)
34,52933,65032,78431,87230,79329,62428,42327,27326,04924,85823,80622,616
Developed Product Technology Rights — Net Carrying Value ($M)($M)2
19,34320,19421,05121,91923,35524,08126,01727,16428,30129,44130,58212,097
Developed Product Technology Rights — Gross Carrying Value ($M)($M)
47,79347,79847,80547,80348,20147,82448,61148,63648,62148,62548,63129,028
Developed Product Technology Rights — Accumulated Amortization ($M)($M)
28,45027,60426,75425,88424,84623,74322,59421,47220,32019,18418,04916,931
Licensing Agreements — Net Carrying Value ($M)($M)2
329363395385418450483504535567600631
Licensing Agreements — Gross Carrying Value ($M)($M)
3,9023,9033,9173,8753,8753,8753,8753,8643,8643,8643,8653,864
Licensing Agreements — Accumulated Amortization ($M)($M)
3,5733,5403,5223,4903,4573,4253,3923,3603,3293,2973,2653,233
Acquired R&D Technology Rights — Net Carrying Value ($M)($M)2
105112120125131133139147152159166168
Acquired R&D Technology Rights — Gross Carrying Value ($M)($M)
1,4091,4161,4251,4211,4191,3871,3741,4001,3831,3881,3941,377
Acquired R&D Technology Rights — Accumulated Amortization ($M)($M)
1,3041,3041,3051,2961,2881,2541,2351,2531,2311,2291,2281,209
Marketing-Related Intangible Assets — Net Carrying Value ($M)($M)2
00000001534557596
Marketing-Related Intangible Assets — Gross Carrying Value ($M)($M)
1,2021,2021,2031,2021,2021,2021,2021,2031,2031,2031,3391,339
Marketing-Related Intangible Assets — Accumulated Amortization ($M)($M)
1,2021,2021,2031,2021,2021,2021,2021,1881,1691,1481,2641,243
Indefinite-Lived In-Process R&D (IPR&D) Intangible Assets ($M)($M)
7107107107107101,0601,0601,0901,1501,1501,218158
Intangible Asset Amortization Expense ($M)($M)5
8908969001,1001,1001,2001,2001,2001,2001,2001,100693
Estimated Future Intangible Amortization — Year 1 ($M)($M)
3,6003,6003,6003,6003,7003,7004,5004,5004,5004,5004,8002,700
Estimated Future Intangible Amortization — Year 2 ($M)($M)
2,8002,8003,5003,5003,7003,7003,9003,9003,9003,9004,5002,500
Estimated Future Intangible Amortization — Year 3 ($M)($M)
2,3002,3002,8002,8002,9002,8003,9003,9003,9003,9003,9002,100
Estimated Future Intangible Amortization — Year 4 ($M)($M)
2,2002,2002,3002,3002,3002,2002,9002,9002,9002,9003,9002,100
Estimated Future Intangible Amortization — Year 5 ($M)($M)
2,1002,1002,2002,2002,2002,1002,2002,2002,2002,2002,9001,100
Intangible Asset Impairment Charges ($M)($M)
00040008003061068
Total Depreciation and Amortization (Cash Flow Statement) ($M)($M)
1,1121,1161,1321,3071,3411,3871,3971,3961,4001,3991,380895
Level 3 Contingent Consideration Liabilities — Ending Fair Value ($M)($M)
1711731619590104106112107969698
Total Debt — Carrying Value (Current + Noncurrent) ($M)($M)3
57,30457,32354,60454,58756,20457,38160,09960,39862,60064,00064,61360,500
Long-Term Debt — Noncurrent Carrying Value ($M)($M)
51,85951,88650,00552,43453,76054,01356,54956,85457,11760,06163,17059,040
Short-Term Debt & Current Portion of Long-Term Debt ($M)($M)
5,4455,4374,5992,1532,4443,3683,5503,5445,5283,9591,4431,428
Unamortized Debt Discount and Issuance Costs ($M)($M)
1,3171,3291,3061,3171,3311,3451,3601,3731,3891,4041,4201,423
Capital Return — Dividends Declared Per Share ($/sh)4
Dividends Paid Per Share (legacy quarterly disclosure) ($/sh)($)
2.132.13
Total Common Stock Dividends Declared ($M)($M)
01,3622,6401,30801,2802,4871,23601,2081,161
Total Cash Dividends Paid ($M)($M)
1,3621,3581,2831,2821,2801,2791,2051,2101,2091,2081,1401,140
Share Repurchases — Cash Paid for Common Stock Repurchased ($M)1
Share Repurchases — Remaining Board Authorization Available ($M)($M)
6,8006,8006,8006,8006,8006,8006,8007,0007,0007,0007,0007,000
Stock-Based Compensation (SBC) — Total Pre-Tax Expense ($M)($M)
1657512512715785134136157103161104
GAAP Effective Tax Rate (%)(%)
14.2%12.7%18.0%8.7%12.3%8.7%6.0%-66.2%11.1%
Deferred Tax Liabilities (DTL) — Total Gross DTL ($M)1
Net Deferred Tax Liabilities Recognized on Balance Sheet ($M)($M)
1,3011,3441,3661,4581,3861,5101,6161,7111,7801,8622,354
Unrecognized Tax Benefits (UTB Rollforward — IRS Transfer Pricing Dispute) — Ending Gross Balance ($M)2
Unrecognized Tax Benefits Liability Affecting Effective Tax Rate ($M)($M)
2,8442,7642,6902,6162,5112,4192,3492,2802,2053,9644,6804,579
UTB Additions Based on Tax Positions Related to Current Year ($M)($M)
453545456040684040403650
U.S. Personal Consumption Expenditures: Health Care Services — SAAR ($B)
3,790.303,699.903,667.003,614.803,529.803,464.703,417.803,358.203,288.203,244.403,159.403,079.00
Income Statement — Total revenues ($M)($M)17
10,0548,6189,8669,5579,1798,1499,0868,5038,3887,4478,1966,903
Cost of sales ($M)($M)
2,8112,7442,9763,0823,0112,9683,1123,3103,2363,2003,1121,806
Research and development expense ($M)($M)
1,8681,7192,1421,9001,7441,4861,7241,4501,4471,3431,5341,079
Selling, general and administrative expense ($M)($M)
1,7451,6021,9521,7201,6911,6871,8781,6251,7851,8082,2741,353
Restructuring charges ($M)($M)
1531
Total operating expenses ($M)($M)
6,5405,9527,1467,0316,5236,9716,7756,4566,4796,4566,9254,882
Operating income ($M)($M)
3,5142,6662,7202,5262,6561,1782,3112,0471,9099911,2712,021
Interest expense, net ($M)($M)
673657653685694723747776808824821759
Interest and other income, net ($M)($M)
125101979986126116126115153
Other nonoperating income (expense) ($M)($M)
-7375-5532,080-3941,518-7821,830-307-235402685
Income before income taxes ($M)($M)
2,7682,0841,5143,9211,5681,9737823,101794-688521,947
Provision for income taxes ($M)($M)
393265181705136243155271484585217
Net income ($M)($M)
2,3751,8191,3333,2161,4321,7306272,830746-1137671,730
Earnings per share — Basic ($/sh)($)
4.403.375.982.663.225.271.39-0.213.23
Earnings per share — Diluted ($/sh)($)
4.373.345.932.653.205.221.38-0.213.22
Weighted-average basic shares (M)(M)
540540538538538537537536535
Weighted-average diluted shares (M)(M)
544544542541541542541536538
Dividends declared per share ($/sh)($)
02.522.522.382.382.382.252.252.252.252.132.13
Balance Sheet — Total assets ($M)($M)22
95,63992,50490,58690,14187,89789,36791,83990,88390,90792,98097,15490,534
Cash and cash equivalents ($M)($M)
13,98912,0389,1299,4458,0288,81011,9739,0119,3019,70810,94434,741
Marketable securities ($M)($M)
00
Trade receivables, net ($M)($M)
10,2279,1389,5708,4908,7018,1326,7827,3176,9346,7767,2686,145
Inventories ($M)($M)
6,2206,1866,2256,3466,5836,7296,9987,3627,9958,7249,5185,026
Other current assets ($M)($M)
4,5254,1134,1333,6043,4223,2583,2773,0762,9762,8212,6022,565
Total current assets ($M)($M)
34,96131,47529,05727,88526,73426,92929,03026,76627,20628,02930,33248,477
Accumulated depreciation ($M)($M)
-9,400-9,300-11,100-11,000-10,800-10,600-10,388-10,300-10,100-9,900-9,808-9,700
Property, plant and equipment, net ($M)($M)
8,5478,2167,9137,2206,8556,6816,5436,1566,0976,0025,9415,563
Intangible assets, net ($M)($M)
20,48721,37922,27623,13924,61425,72427,69928,92030,17231,37232,64113,150
Goodwill ($M)($M)
18,66818,67418,68018,67618,67418,64518,63718,65818,61618,57018,62915,509
Other noncurrent assets ($M)($M)
12,97612,76012,66013,22111,02011,3889,93010,3838,8169,0079,6117,835
Accounts payable ($M)($M)
2,8652,9352,3672,8383,0102,4061,9082,1472,2671,6281,5901,358
Accrued liabilities ($M)($M)
17,19216,58318,52316,80015,02217,23417,64114,62113,72214,12715,35914,168
Total current liabilities ($M)($M)
25,50224,95525,48921,79120,47623,00823,09920,31221,51719,71418,39216,954
Long-term debt ($M)($M)
51,85951,88650,00552,43453,76054,01356,54956,85457,11760,06163,17059,040
Deferred tax liabilities ($M)($M)
1,3011,3441,3661,4581,3861,5101,6161,7111,7801,8622,354
Other noncurrent liabilities ($M)($M)
2,4452,3652,3782,2232,3362,2102,3492,1992,3632,3572,3262,305
Retained earnings (accumulated deficit) ($M)($M)
-22,275-24,650-25,107-23,800-25,708-27,140-27,590-25,530-27,124-27,870-26,549-24,971
Accumulated other comprehensive income (loss) ($M)($M)
-119-190-258-422-544-231-66-336-155-190-289-126
Total stockholders' equity ($M)($M)
11,6889,1908,6589,6197,4286,2075,8777,5275,9255,0226,2327,656
Total liabilities and stockholders' equity ($M)($M)
95,63992,50490,58690,14187,89789,36791,83990,88390,90792,98097,15490,534
Common shares outstanding at period end (M)(M)
541540539539538538537538537536535535
Cash Flow Statement — Operating cash flow ($M)($M)12
4,0022,1891,6034,6842,2801,3914,7713,5712,4596895382,760
Depreciation and amortization ($M)($M)
2221,1161,1322322201,3871,3971982021,3991,380895
Stock-based compensation ($M)($M)
1657512512715785134136157103161104
Deferred income taxes ($M)($M)
-291-1762-30-422-250-344-110-383-401-565-447
Change in trade receivables ($M)($M)
-1,093413-1,075222-515-1,308473-342-176486-433-342
Change in inventories ($M)($M)
-3118119240239288323681722806573-54
Change in accounts payable ($M)($M)
-70571-484-174589497-232-12264323-187156
Capital expenditures ($M)($M)
513712642436369411371257238230249248
Net cash used in investing activities ($M)($M)
-569-716-693-414-389-447-402-210-217-217-27,089-262
Proceeds from issuance of long-term debt ($M)($M)
03,9640000003,9961
Repayments of long-term debt ($M)($M)
-0833-01,5001,0002,500-02,2001,400-0-0750
Cash dividends paid ($M)($M)
1,3621,3581,2831,2821,2801,2791,2051,2101,2091,2081,1401,140
Net cash used in financing activities ($M)($M)
-1,4821,436-1,226-2,853-2,673-4,107-1,407-3,651-2,649-1,7082,754-2,005

19 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Fiscal calendar: Amgen Inc. operates on a calendar fiscal year ending December 31 (FY2025 ended December 31, 2025; Q1 2026 ended March 31, 2026; Q2 2026 ended June 30, 2026). Amgen operates as a single global human therapeutics operating segment (Note 2), so commercial performance is tracked across 4 Therapeutic Franchises (General Medicine, Rare Disease, Inflammation, Oncology & Established Products) and 35+ commercialized brands disaggregated across United States (U.S.), Rest of World (ROW), and Worldwide (WW) net product sales.
  • Core commercial & R&D KPIs (Groups 1–6) cover: (1) Consolidated Revenues ($10,054M in Q2 2026 / $36,751M in FY25) and Total Product Sales ($9,567M in Q2 2026 / $35,147M in FY25 across U.S. $6,767M and ROW $2,800M in Q2 2026; U.S. volume +9% and ROW volume +8% YoY in Q2 2026) and General Medicine (Repatha $953M, EVENITY $714M, Prolia $759M in Q2 2026); (2) Rare Disease Franchise acquired via Horizon Therapeutics & ChemoCentryx (TEPEZZA $576M, KRYSTEXXA $400M, UPLIZNA $335M, TAVNEOS $150M, Ultra-Rare Products $168M in Q2 2026 including RAVICTI & PROCYSBI U.S./ROW breakdown); (3) Inflammation & Biosimilars (TEZSPIRE $486M, Otezla $491M, Enbrel $580M, PAVBLU $287M, AMJEVITA $155M, WEZLANA $14M in Q2 2026); (4) Oncology & Established Products (BLINCYTO $472M, IMDELLTRA $288M, Vectibix $338M, KYPROLIS $314M, Nplate $430M, XGEVA $352M, LUMAKRAS $111M, MVASI $153M, Aranesp $352M, Neulasta $92M, Parsabiv $90M in Q2 2026, plus Biosimilars in Other Products $372M in Q2 2026 / $1,422M in FY25); (5) Gross-to-Net (GTN) Sales Deductions Rollforward ($40,664M provisions / 54% of gross product sales and $6,661M ending reserve in FY25 across Rebates $30,275M, Chargebacks $9,081M & Other $1,308M), Top 3 U.S. Wholesalers (McKesson $20,986M / 27%, Cencora $19,708M / 25%, Cardinal Health $13,075M / 17% — combined 69% of worldwide gross revenues and 75% of net trade receivables in FY25), and Collaboration Profit Sharing (AstraZeneca TEZSPIRE, UCB EVENITY, Kyowa Kirin, BeiGene/BeOne); and (6) R&D by Clinical Stage ($7,232M total in FY25: Research & Early Pipeline $2,021M, Later-Stage Clinical Phase 2/3 $3,769M, Marketed Product Support $1,442M) and 8-K GAAP vs. Non-GAAP Reconciliations (48.4% Non-GAAP Operating Margin, $6.29 Non-GAAP Diluted EPS, $3,505M Free Cash Flow in Q2 2026).
  • Extended operational & ESG KPIs (Groups 7–11) cover: (7) Note 2 Segment Expenses (Manufacturing COGS $1,089M, Profit Share & Royalty COGS $817M, R&D Ex-Software $1,796M, Selling & Marketing $1,226M, G&A $539M in Q2 2026), Inventories by stage ($5,638M net at FY25), and Net PP&E by asset class & geography ($6,568M net at FY25, including $1,334M in Puerto Rico); (8) Goodwill ($18,625M at Q2 2026), Finite-Lived Intangible Assets ($22,256M net at Q2 2026 across Developed Technology, Licensing, Acquired R&D & Marketing-Related), Indefinite-Lived IPR&D ($1,225M), 5-year estimated amortization schedule, and Level 3 Contingent Consideration Rollforward; (9) Debt & 5-year maturity schedule ($53,015M total debt at Q2 2026), Operating Leases ($601M ROU assets / $617M lease liabilities at FY25), Capital Return ($2.52/sh dividend in Q2 2026), and SBC by award type; (10) Income Taxes, DTA/DTL breakdown & Unrecognized Tax Benefits Rollforward ($10,169M gross UTB balance & $5,088M accrued UTB interest/penalties at FY25 related to the IRS Puerto Rico transfer pricing dispute); and (11) Global Workforce (28,200 staff in FY25), CEO Pay Ratio (153:1 / $158,361 median employee in FY25), Form 11-K U.S. Plan ($8,963.48M net assets) & Puerto Rico Plan ($464.56M net assets at FY25), Patient Access ($3.2B U.S. Safety Net Foundation & $232M LMIC donations in FY25), Workplace Safety (0.21 staff TRIR in FY25), and Scope 1, 2 & 3 GHG Emissions, Energy, Water & Waste.
  • No parent-only standalone financial statements exist under U.S. GAAP (Form 10-K omits Schedule I), so no Consolidated − Standalone subtraction is performed. All values are strictly as published (with verbatim quotes on hover for text-extracted metrics; bound disclosures are excluded from table cells). The only arithmetic shown in table cells is period splitting (Q4 = full year − 9M; Q2 = 6M − Q1; Q3 = 9M − 6M), displayed in italic with the formula.

Not shown because recent periods are missing (3)

  • Human Capital, CEO Pay Ratio (DEF 14A), Form 11-K U.S. & Puerto Rico Retirement Plans, Patient Access & Environmental Sustainability › Workplace Safety — Staff Total Recordable Incident Rate (TRIR per 200,000 hours) › Environmental Notices of Violation (NOVs)
  • Industry & Macro Healthcare Benchmarks (FRED) & Core Financial Statements (DB) › Income Statement — Total revenues ($M) › Gross profit ($M)
  • Industry & Macro Healthcare Benchmarks (FRED) & Core Financial Statements (DB) › Balance Sheet — Total assets ($M) › Current portion of long-term debt ($M)

Data updated 2026-10-28.

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Oncology & Hematology Franchise (BLINCYTO, IMDELLTRA, Vectibix, KYPROLIS, Nplate, XGEVA, LUMAKRAS) & Established Products