What is Incyte's operating income?

Incyte (INCY) reported operating income of $301.12M in Q1 2026.

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

Incyte's operating income increased by 46.8% year-over-year, from $205.17M to $301.12M.

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

Over 4 years (2021 to 2025), Incyte's operating income has grown at a 26.8% compound annual growth rate (CAGR), from $585.78M to $1.51B.

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.

Incyte INCY Operating Income

Operating Income at other companies

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-$84.44M-34.6%

Gilead SciencesGILD

$2.59B+15.6%

GeronGERN

$158K+101%

Protagonist TherapeuticsPTGX

-$3.65M+81.1%

Syndax PharmaceuticalsSNDX

-$34.2M+59.2%

Agios PharmaceuticalsAGIO

-$110.03M-3.2%

Other financials

Income statement

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Revenue$1.3B+20.9%

Gross profit$1.2B+19.2%

Net income$303.3M+91.7%

EPS (diluted)$1.47+83.7%

Balance sheet

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Cash & equivalents$3.5B+78.2%

Total debt$39.4M-8.6%

Total equity$5.6B+53.3%

Total assets$7.3B+27.7%

Cash flow

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Operating cash flow$369.4M+38.8%

CapEx$1.6M-43.5%

Free cash flow$367.7M+39.7%

Valuation

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Market cap$23.32B+78.0%

Enterprise value$19.89B+77.9%

P/E16.3×+1.2×

P/S4.4×+1.5×

Profitability

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Gross margin92.5%-0.2pp

Operating margin30%+26.1pp

Net margin26.7%+26.2pp

FCF margin28.2%+19.7pp

Returns & leverage

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Return on equity30.8%+30.4pp

Debt / equity0×0.0×

Current ratio3.7×+1.6×

Where this comes from

Reported directly by Incyte in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Incyte’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Incyte's operating income?: Incyte (INCY) reported operating income of $301.12M in Q1 2026.
How has Incyte's operating income changed year-over-year?: Incyte's operating income increased by 46.8% year-over-year, from $205.17M to $301.12M.
What is the long-term trend for Incyte's operating income?: Over 4 years (2021 to 2025), Incyte's operating income has grown at a 26.8% compound annual growth rate (CAGR), from $585.78M to $1.51B.
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.