What is Biogen's retained earnings?

Biogen (BIIB) reported retained earnings of $20.97B in Q2 2026.

How has Biogen's retained earnings changed year-over-year?

Biogen's retained earnings increased by 4.1% year-over-year, from $20.14B to $20.97B.

What is the long-term trend for Biogen's retained earnings?

Over 5 years (2020 to 2025), Biogen's retained earnings has grown at a 8.0% compound annual growth rate (CAGR), from $13.98B to $20.55B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Biogen BIIB Retained Earnings

Retained Earnings at other companies

Eli LillyLLY

$29.51B+95.5%

Rogers CorporationROG

$1.14B+2.8%

TG TherapeuticsTGTX

-$1.06B+30.3%

Acadia PharmaceuticalsACAD

-$1.81B+17.2%

AnaptysBio, Inc.ANAB

-$825.44M-3.4%

Syndax PharmaceuticalsSNDX

-$1.55B-18.6%

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+66.6%

Enterprise value$36.63B+66.1%

P/E34.4×+22.5×

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

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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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Biogen (BIIB) reported retained earnings of $20.97B in Q2 2026.
How has Biogen's retained earnings changed year-over-year?: Biogen's retained earnings increased by 4.1% year-over-year, from $20.14B to $20.97B.
What is the long-term trend for Biogen's retained earnings?: Over 5 years (2020 to 2025), Biogen's retained earnings has grown at a 8.0% compound annual growth rate (CAGR), from $13.98B to $20.55B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.