What is Amgen's operating income?

Amgen (AMGN) reported operating income of $2.67B in Q1 2026.

How has Amgen's operating income changed year-over-year?

Amgen's operating income increased by 126.3% year-over-year, from $1.18B to $2.67B.

What is the long-term trend for Amgen's operating income?

Over 4 years (2021 to 2025), Amgen's operating income has grown at a 4.4% compound annual growth rate (CAGR), from $7.64B to $9.08B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Amgen AMGN Operating Income

Operating Income at other companies

Regeneron PharmaceuticalsREGN

$642.9M+8.7%

Nektar TherapeuticsNKTR

-$39.05M+12.3%

Oruka Therapeutics, Inc.ORKA

-$36.43M-45.2%

Rigel PharmaceuticalsRIGL

$11.89M-7.0%

Jazz PharmaceuticalsJAZZ

$336.6M+702%

AnaptysBio, Inc.ANAB

-$34.64M-25.8%

Other financials

Income statement

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Revenue$8.6B+5.8%

Gross profit$5.9B+13.4%

Net income$1.8B+5.1%

EPS (diluted)$3.34+4.4%

Balance sheet

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Cash & equivalents$559.0M+10.0%

Total debt$57.3B-0.1%

Total equity$9.2B+48.1%

Total assets$92.5B+3.5%

Cash flow

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Operating cash flow$2.2B+57.4%

CapEx$712.0M+73.2%

Free cash flow$1.5B+50.7%

Valuation

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Market cap$190.42B+22.4%

Enterprise value$247.18B+16.4%

P/E24.4×-1.8×

P/S5.1×+0.6×

Profitability

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Gross margin68.3%+5.3pp

Operating margin28.4%+6.6pp

Net margin21%+3.6pp

FCF margin23.1%-8.9pp

Returns & leverage

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Return on equity101.3%-4.4pp

Debt / equity6.2×-3.0×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Amgen in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Amgen’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amgen's operating income?: Amgen (AMGN) reported operating income of $2.67B in Q1 2026.
How has Amgen's operating income changed year-over-year?: Amgen's operating income increased by 126.3% year-over-year, from $1.18B to $2.67B.
What is the long-term trend for Amgen's operating income?: Over 4 years (2021 to 2025), Amgen's operating income has grown at a 4.4% compound annual growth rate (CAGR), from $7.64B to $9.08B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.