What is Biogen's pre-tax income?

Biogen (BIIB) reported pre-tax income of $132.4M in Q2 2026.

How has Biogen's pre-tax income changed year-over-year?

Biogen's pre-tax income decreased by 82.2% year-over-year, from $744M to $132.4M.

What is the long-term trend for Biogen's pre-tax income?

Over 4 years (2021 to 2025), Biogen's pre-tax income has grown at a -2.0% compound annual growth rate (CAGR), from $1.75B to $1.61B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Biogen BIIB Pre-Tax Income

Pre-Tax Income at other companies

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$8.85B+156%

Rogers CorporationROG

$21.4M+131%

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$20.36M+272%

Acadia PharmaceuticalsACAD

$3.98M-85.7%

AnaptysBio, Inc.ANAB

-$52.84M-34.5%

OrganonOGN

$213M+111%

Other financials

Income statement

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Revenue$2.7B+3.4%

Gross profit$2.0B-4.0%

Operating income$610.7M—

Net income$97.5M-84.6%

EPS (diluted)$0.66-84.8%

Balance sheet

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Cash & equivalents$1.3B-53.4%

Total debt$7.6B+14.6%

Total equity$18.8B+6.9%

Total assets$32.1B+13.3%

Cash flow

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Operating cash flow$448.9M+179%

CapEx$40.9M+53.8%

Free cash flow$408.0M+204%

Valuation

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Market cap$30.36B+62.0%

Enterprise value$36.63B+62.2%

P/E34.4×+22.1×

P/S3×+1.2×

Profitability

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Gross margin74%-1.4pp

Operating margin22.9%—

Net margin8.8%-6.5pp

FCF margin26.9%+7.1pp

Returns & leverage

See full

Return on equity4.8%-4.3pp

Debt / equity0.4×0.0×

Current ratio1.9×-0.6×

Where this comes from

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Biogen’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's pre-tax income?: Biogen (BIIB) reported pre-tax income of $132.4M in Q2 2026.
How has Biogen's pre-tax income changed year-over-year?: Biogen's pre-tax income decreased by 82.2% year-over-year, from $744M to $132.4M.
What is the long-term trend for Biogen's pre-tax income?: Over 4 years (2021 to 2025), Biogen's pre-tax income has grown at a -2.0% compound annual growth rate (CAGR), from $1.75B to $1.61B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.