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Incyte Corp (INCY) stock

INCYNasdaqServices-Commercial Physical & Biological ResearchFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 13/3097% above fair value
$120.97−0.73 (-0.60%)

Close on Nov 13, 2026Market cap $24.66BP/E 64.3Yield –

Incyte Corp grew revenue 24.9% to $6.01B over the twelve months to Sep 30, 2026. Operating income fell 57.7% to $626.51M, moving the operating margin from 30.8% to 10.4%. At the latest close the market valued the company at $24.66B, 64.3 times its earnings.

Revenue
$6.01B
+24.9% vs. a year earlier
Operating income
$626.51M
-57.7% vs. a year earlier
EPS, diluted
$1.88
-68.2% 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
$24.66B
P/E ratio
64.3
Price to sales
4.10
Price to book
4.37
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$6.01B
Net income
$403.41M
EPS, diluted
$1.88
Book value per share
$27.76
Diluted shares
203M

Trading

Next earnings
Feb 9, 2027 (estimated, before the open)
Previous close
$121.70
Open
$121.89
Day's range
$119.72 – $122.06
Volume
950,508
Average volume (20 days)
1,754,388
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
0.44
52-week range
$89.25 – $132.60
RSI (14 days)
54.2
Volatility (1 year)
33.1%
Relative volume
0.57×
WACC
7.5%

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 2010, 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.

PeriodINCYS&P 500DifferenceINCY per yearS&P 500 per year
1 month+11.4%-3.0%+14.4 pts
3 months+0.4%-2.8%+3.2 pts
Year to date+22.5%+11.5%+11.0 pts
1 year+14.8%+13.5%+1.3 pts
3 years+127.7%+77.7%+50.0 pts+31.6%+21.1%
5 years+84.4%+72.6%+11.8 pts+13.0%+11.5%
10 years+15.7%+308.2%−292.4 pts+1.5%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$6.01B+24.9% YoY

Gross profit

$5.57B+24.5% YoY

Operating income

$626.51M-57.7% YoY

Net income

$403.41M-66.1% YoY

EPS, diluted

$1.88-68.2% YoY

Free cash flow

–
Reported periodTrailing twelve months

Press releases

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

All press releases and earnings

About Incyte

Services-Commercial Physical & Biological Research

Incyte is a biopharmaceutical company that discovers, develops, and commercializes therapeutics across hematology, oncology, and inflammation and autoimmunity. Its approved portfolio includes treatments such as Jakafi, Iclusig, Monjuvi, and Niktimvo for hematologic conditions, Pemazyre and Zynyz for oncology indications, and Opzelura cream for inflammatory dermatological conditions. The company distributes its medicines to specialty, retail, and hospital pharmacies, specialty distributors, and pharmaceutical wholesalers.

Company profile, executives and history

Incyte stock: common questions

What is Incyte's stock price?

INCY closed at $120.97 on Nov 13, 2026, down 0.60% on the day. Over the past 52 weeks it traded between $89.25 and $132.60.

What is Incyte's market cap?

Incyte was worth $24.66B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is INCY's P/E ratio?

INCY trades at 64.3 times earnings, based on diluted earnings per share of $1.88 over the twelve months to Sep 30, 2026.

How much revenue does Incyte make?

Incyte reported revenue of $6.01B for the twelve months to Sep 30, 2026, up 24.9% from a year earlier.

Does Incyte pay a dividend?

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

When does Incyte report earnings next?

Incyte is expected to report Q4 FY2026 results on Feb 9, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has INCY stock performed over the past year?

Including dividends, INCY returned +14.8% over the past year, against +13.5% for the S&P 500.

How many INCY shares are sold short?

11M shares were sold short at the latest FINRA report, 7.82% of the float, or 5.6 days of average trading volume.

Who are Incyte's competitors?

Companies most similar to Incyte by business, industry and size include ICLR, CRL, IQV, MEDP, ONC.

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