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Biogen Inc. (BIIB) stock

BIIBNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 4/3055% above fair value
$253.40+2.92 (+1.17%)

Close on Nov 13, 2026Market cap $37.46BP/E 108.3Yield –

Biogen Inc. grew revenue 2.3% to $10.30B over the twelve months to Sep 30, 2026. Free cash flow was $2.07B, down 10.1% from a year earlier. At the latest close the market valued the company at $37.46B, 108.3 times its earnings.

Revenue
$10.30B
+2.3% vs. a year earlier
Free cash flow
$2.07B
-10.1% vs. a year earlier
EPS, diluted
$2.34
-78.7% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$37.46B
P/E ratio
108.3
Price to sales
3.64
Price to book
–
Dividend yield
–
Free cash flow yield
5.53%

Fundamentals

Revenue
$10.30B
Net income
$347.50M
EPS, diluted
$2.34
Free cash flow
$2.07B
Diluted shares
148M

Trading

Next earnings
Jan 13, 2027 (estimated, after the close)
Previous close
$250.48
Open
$250.58
Day's range
$249.52 – $255.04
Volume
1,028,943
Average volume (20 days)
1,228,684
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
0.51
52-week range
$160.36 – $261.00
RSI (14 days)
59.1
Volatility (1 year)
34.3%
Relative volume
0.91×
WACC
7.6%

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodBIIBS&P 500DifferenceBIIB per yearS&P 500 per year
1 month+10.7%-3.0%+13.7 pts
3 months+20.3%-2.8%+23.1 pts
Year to date+44.0%+11.5%+32.5 pts
1 year+53.8%+13.5%+40.4 pts
3 years+13.8%+77.7%−63.9 pts+4.4%+21.1%
5 years-6.3%+72.6%−78.9 pts-1.3%+11.5%
10 years-20.6%+308.2%−328.8 pts-2.3%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$10.30B+2.3% YoY

Gross profit

$7.62B+0.6% YoY

Operating income

–

Net income

$347.50M-78.4% YoY

EPS, diluted

$2.34-78.7% YoY

Free cash flow

$2.07B-10.1% YoY
Reported periodTrailing twelve months

Press releases

Releases Biogen filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Biogen

Biological Products, (No Diagnostic Substances)

Biogen is a biopharmaceutical enterprise that discovers, develops, and delivers therapies for individuals living with serious neurological conditions, rare disorders, and specialized immunological diseases. Its primary product lines encompass commercial treatments for multiple sclerosis, spinal muscular atrophy, Friedreich's ataxia, and amyotrophic lateral sclerosis, alongside collaborative therapies targeting Alzheimer's disease and postpartum depression. The company also commercializes advanced biosimilars for inflammatory diseases and holds business and financial rights to anti-CD20 oncological and immunological regimens. The business primarily serves patients affected by these complex conditions, facilitating product procurement, insurance navigation, and co-pay assistance.

Company profile, executives and history

Biogen stock: common questions

What is Biogen's stock price?

BIIB closed at $253.40 on Nov 13, 2026, up 1.17% on the day. Over the past 52 weeks it traded between $160.36 and $261.00.

What is Biogen's market cap?

Biogen was worth $37.46B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is BIIB's P/E ratio?

BIIB trades at 108.3 times earnings, based on diluted earnings per share of $2.34 over the twelve months to Sep 30, 2026.

How much revenue does Biogen make?

Biogen reported revenue of $10.30B for the twelve months to Sep 30, 2026, up 2.3% from a year earlier.

Does Biogen pay a dividend?

No. Biogen has not paid a cash dividend over the last twelve months.

When does Biogen report earnings next?

Biogen is expected to report Q4 FY2026 results on Jan 13, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has BIIB stock performed over the past year?

Including dividends, BIIB returned +53.8% over the past year, against +13.5% for the S&P 500.

How many BIIB shares are sold short?

5M shares were sold short at the latest FINRA report, 3.70% of the float, or 4.0 days of average trading volume.

Who are Biogen's competitors?

Companies most similar to Biogen by business, industry and size include NBIX, AMGN, REGN, VRTX, MRNA.

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