AMGEN INC

EDGAR

Annual consolidated revenue for 2025: about USD 36.75B, using the latest reported figures. The previous period, 2024, was about USD 33.42B.

Watchlist

Latest quarter

Revenue

10.1 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 10054000000 USD Source

Operating margin

34.95%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 3514000000 USD Source
  • Revenue: 10054000000 USD Source

Operating cash flow

4 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 6191000000 USD Source
  • Operating Cash Flow: 2189000000 USD Source

Free cash flow

3.49 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 6191000000 USD Source
  • Operating Cash Flow: 2189000000 USD Source
  • Capital Expenditure: 1225000000 USD Source
  • Capital Expenditure: 712000000 USD Source
Cash and cash equivalents
14 billion USD Source
Exact value

13989000000 USD

Long-term debt including current maturities
57.3 billion USD Source
Exact value

57304000000 USD

Shares outstanding
541 million shares Source
Exact value

540600000 shares

Reported share-count change

0.43% · 2.3 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 538300000 shares · 2025-06-30· Source
  • 540600000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

38.1 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 9557000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 36751000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 26885000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 8618000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 10054000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

8.74 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 3216000000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 7711000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 6378000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 1819000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 2375000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

12.5 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 8355000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 3671000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 9958000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 8355000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 2189000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 6191000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 2189000000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

2.3 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 1216000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 780000000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 1858000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 1216000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 712000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1225000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 712000000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

10.2 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 8355000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 3671000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 9958000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 8355000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 2189000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 6191000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 2189000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1216000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 780000000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 1858000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 1216000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 712000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1225000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 712000000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +10%

    Prior period

    USD 33.42 billion

    –

    Current period

    USD 36.75 billion

    –

    Exact inputs and evidence

    36751000000 − 33424000000 = 3327000000 USD

    33424000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    36751000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +88.5%

    Prior period

    USD 4.09 billion

    –

    Current period

    USD 7.71 billion

    –

    Exact inputs and evidence

    7711000000 − 4090000000 = 3621000000 USD

    4090000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7711000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -13.3%

    Prior period

    USD 11.49 billion

    –

    Current period

    USD 9.96 billion

    –

    Exact inputs and evidence

    9958000000 − 11490000000 = -1532000000 USD

    11490000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9958000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +69.5%

    Prior period

    USD 1.1 billion

    –

    Current period

    USD 1.86 billion

    –

    Exact inputs and evidence

    1858000000 − 1096000000 = 762000000 USD

    1096000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1858000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 36.75 billion 100% of revenue
  • Operating costs Derived USD 27.67 billion 75% of revenue
  • Operating income USD 9.08 billion 25% of revenue
  • Tax, interest and other Derived USD 1.37 billion 3.7% of revenue
  • Net income USD 7.71 billion 21% of revenue

Cash

  • Operating cash flow USD 9.96 billion 27% of revenue
  • Capital expenditure USD 1.86 billion 5.1% of revenue
  • Free cash flow Derived USD 8.1 billion 22% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 34%9%57%
  • 2017 35%56%
  • 2018 35%57%
  • 2019 34%59%
  • 2020 29%64%
  • 2021 23%71%
  • 2022 25%11%64%
  • 2023 24%72%
  • 2024 12%9.5%78%
  • 2025 21%75%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3122991000000 13197000000 Derived 9794000000 2072000000 Derived 7722000000 9616000000 Derived
Source
2017 2017-01-01 – 2017-12-3122849000000 12876000000 Derived 9973000000 7994000000 Derived 1979000000 10513000000 Derived
Source
2018 2018-01-01 – 2018-12-3123747000000 13484000000 Derived 10263000000 1869000000 Derived 8394000000 10558000000 Derived
Source
2019 2019-01-01 – 2019-12-3123362000000 13688000000 Derived 9674000000 1832000000 Derived 7842000000 8532000000 Derived
Source
2020 2020-01-01 – 2020-12-3125424000000 16285000000 Derived 9139000000 1875000000 Derived 7264000000 9889000000 Derived
Source
2021 2021-01-01 – 2021-12-3125979000000 18340000000 Derived 7639000000 1746000000 Derived 5893000000 8381000000 Derived
Source
2022 2022-01-01 – 2022-12-3126323000000 16757000000 Derived 9566000000 3014000000 Derived 6552000000 8785000000 Derived
Source
2023 2023-01-01 – 2023-12-3128190000000 20293000000 Derived 7897000000 1180000000 Derived 6717000000 7359000000 Derived
Source
2024 2024-01-01 – 2024-12-3133424000000 26166000000 Derived 7258000000 3168000000 Derived 4090000000 10394000000 Derived
Source
2025 2025-01-01 – 2025-12-3136751000000 27671000000 Derived 9080000000 1369000000 Derived 7711000000 8100000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 36.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.7B29.8B19.8B9.9B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue22991000000
2017Revenue22849000000
2018Revenue23747000000
2019Revenue23362000000
2020Revenue25424000000
2021Revenue25979000000
2022Revenue26323000000
2023Revenue28190000000
2024Revenue33424000000
2025Revenue36751000000

Revenue growth

Change in revenue from the same financial period one year earlier.

10% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20.2%14.3%8.5%2.6%-3.2%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year6.1%
2017Year over year-0.6%
2018Year over year3.9%
2019Year over year-1.6%
2020Year over year8.8%
2021Year over year2.2%
2022Year over year1.3%
2023Year over year7.1%
2024Year over year18.6%
2025Year over year10%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 24.7% 2025
Net margin 21% 2025
Free cash flow margin 22% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.50%37%25%12%0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin42.6%
2017Operating margin43.6%
2018Operating margin43.2%
2019Operating margin41.4%
2020Operating margin35.9%
2021Operating margin29.4%
2022Operating margin36.3%
2023Operating margin28%
2024Operating margin21.7%
2025Operating margin24.7%
2016Net margin33.6%
2017Net margin8.7%
2018Net margin35.3%
2019Net margin33.6%
2020Net margin28.6%
2021Net margin22.7%
2022Net margin24.9%
2023Net margin23.8%
2024Net margin12.2%
2025Net margin21%
2016Free cash flow margin41.8%
2017Free cash flow margin46%
2018Free cash flow margin44.5%
2019Free cash flow margin36.5%
2020Free cash flow margin38.9%
2021Free cash flow margin32.3%
2022Free cash flow margin33.4%
2023Free cash flow margin26.1%
2024Free cash flow margin31.1%
2025Free cash flow margin22%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 10B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.4B9.3B6.2B3.1B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow10354000000
2017Operating cash flow11177000000
2018Operating cash flow11296000000
2019Operating cash flow9150000000
2020Operating cash flow10497000000
2021Operating cash flow9261000000
2022Operating cash flow9721000000
2023Operating cash flow8471000000
2024Operating cash flow11490000000
2025Operating cash flow9958000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 8.1B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.11.4B8.6B5.7B2.9B0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow9616000000
2017Free cash flow10513000000
2018Free cash flow10558000000
2019Free cash flow8532000000
2020Free cash flow9889000000
2021Free cash flow8381000000
2022Free cash flow8785000000
2023Free cash flow7359000000
2024Free cash flow10394000000
2025Free cash flow8100000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.14× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.92×4.44×2.96×1.48×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities4.11×
2017Current assets / current liabilities5.49×
2018Current assets / current liabilities2.79×
2019Current assets / current liabilities1.44×
2020Current assets / current liabilities1.81×
2021Current assets / current liabilities1.59×
2022Current assets / current liabilities1.41×
2023Current assets / current liabilities1.65×
2024Current assets / current liabilities1.26×
2025Current assets / current liabilities1.14×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 7.72 billion
Exact value

Exact value: 7722000000 USD

2016-01-01 – 2016-12-31: 7722000000 USD Inspect Net Income Open source
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USD 10.35 billion
Exact value

Exact value: 10354000000 USD

2016-01-01 – 2016-12-31: 10354000000 USD Inspect Operating Cash Flow Open source
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USD 738 million
Exact value

Exact value: 738000000 USD

2016-01-01 – 2016-12-31: 738000000 USD Inspect Capital Expenditure Open source
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USD 9.62 billion
Calculation and evidence

10354000000 − 738000000 USD

Exact free cash flow: 9616000000 USD

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2017 2017-01-01 – 2017-12-31
USD 1.98 billion
Exact value

Exact value: 1979000000 USD

2017-01-01 – 2017-12-31: 1979000000 USD Inspect Net Income Open source
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USD 11.18 billion
Exact value

Exact value: 11177000000 USD

2017-01-01 – 2017-12-31: 11177000000 USD Inspect Operating Cash Flow Open source
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USD 664 million
Exact value

Exact value: 664000000 USD

2017-01-01 – 2017-12-31: 664000000 USD Inspect Capital Expenditure Open source
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USD 10.51 billion
Calculation and evidence

11177000000 − 664000000 USD

Exact free cash flow: 10513000000 USD

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2018 2018-01-01 – 2018-12-31
USD 8.39 billion
Exact value

Exact value: 8394000000 USD

2018-01-01 – 2018-12-31: 8394000000 USD Inspect Net Income Open source
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USD 11.3 billion
Exact value

Exact value: 11296000000 USD

2018-01-01 – 2018-12-31: 11296000000 USD Inspect Operating Cash Flow Open source
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USD 738 million
Exact value

Exact value: 738000000 USD

2018-01-01 – 2018-12-31: 738000000 USD Inspect Capital Expenditure Open source
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USD 10.56 billion
Calculation and evidence

11296000000 − 738000000 USD

Exact free cash flow: 10558000000 USD

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2019 2019-01-01 – 2019-12-31
USD 7.84 billion
Exact value

Exact value: 7842000000 USD

2019-01-01 – 2019-12-31: 7842000000 USD Inspect Net Income Open source
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USD 9.15 billion
Exact value

Exact value: 9150000000 USD

2019-01-01 – 2019-12-31: 9150000000 USD Inspect Operating Cash Flow Open source
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USD 618 million
Exact value

Exact value: 618000000 USD

2019-01-01 – 2019-12-31: 618000000 USD Inspect Capital Expenditure Open source
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USD 8.53 billion
Calculation and evidence

9150000000 − 618000000 USD

Exact free cash flow: 8532000000 USD

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2020 2020-01-01 – 2020-12-31
USD 7.26 billion
Exact value

Exact value: 7264000000 USD

2020-01-01 – 2020-12-31: 7264000000 USD Inspect Net Income Open source
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USD 10.5 billion
Exact value

Exact value: 10497000000 USD

2020-01-01 – 2020-12-31: 10497000000 USD Inspect Operating Cash Flow Open source
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USD 608 million
Exact value

Exact value: 608000000 USD

2020-01-01 – 2020-12-31: 608000000 USD Inspect Capital Expenditure Open source
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USD 9.89 billion
Calculation and evidence

10497000000 − 608000000 USD

Exact free cash flow: 9889000000 USD

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2021 2021-01-01 – 2021-12-31
USD 5.89 billion
Exact value

Exact value: 5893000000 USD

2021-01-01 – 2021-12-31: 5893000000 USD Inspect Net Income Open source
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USD 9.26 billion
Exact value

Exact value: 9261000000 USD

2021-01-01 – 2021-12-31: 9261000000 USD Inspect Operating Cash Flow Open source
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USD 880 million
Exact value

Exact value: 880000000 USD

2021-01-01 – 2021-12-31: 880000000 USD Inspect Capital Expenditure Open source
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USD 8.38 billion
Calculation and evidence

9261000000 − 880000000 USD

Exact free cash flow: 8381000000 USD

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2022 2022-01-01 – 2022-12-31
USD 6.55 billion
Exact value

Exact value: 6552000000 USD

2022-01-01 – 2022-12-31: 6552000000 USD Inspect Net Income Open source
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USD 9.72 billion
Exact value

Exact value: 9721000000 USD

2022-01-01 – 2022-12-31: 9721000000 USD Inspect Operating Cash Flow Open source
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USD 936 million
Exact value

Exact value: 936000000 USD

2022-01-01 – 2022-12-31: 936000000 USD Inspect Capital Expenditure Open source
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USD 8.79 billion
Calculation and evidence

9721000000 − 936000000 USD

Exact free cash flow: 8785000000 USD

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2023 2023-01-01 – 2023-12-31
USD 6.72 billion
Exact value

Exact value: 6717000000 USD

2023-01-01 – 2023-12-31: 6717000000 USD Inspect Net Income Open source
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USD 8.47 billion
Exact value

Exact value: 8471000000 USD

2023-01-01 – 2023-12-31: 8471000000 USD Inspect Operating Cash Flow Open source
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USD 1.11 billion
Exact value

Exact value: 1112000000 USD

2023-01-01 – 2023-12-31: 1112000000 USD Inspect Capital Expenditure Open source
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USD 7.36 billion
Calculation and evidence

8471000000 − 1112000000 USD

Exact free cash flow: 7359000000 USD

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2024 2024-01-01 – 2024-12-31
USD 4.09 billion
Exact value

Exact value: 4090000000 USD

2024-01-01 – 2024-12-31: 4090000000 USD Inspect Net Income Open source
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USD 11.49 billion
Exact value

Exact value: 11490000000 USD

2024-01-01 – 2024-12-31: 11490000000 USD Inspect Operating Cash Flow Open source
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USD 1.1 billion
Exact value

Exact value: 1096000000 USD

2024-01-01 – 2024-12-31: 1096000000 USD Inspect Capital Expenditure Open source
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USD 10.39 billion
Calculation and evidence

11490000000 − 1096000000 USD

Exact free cash flow: 10394000000 USD

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2025 2025-01-01 – 2025-12-31
USD 7.71 billion
Exact value

Exact value: 7711000000 USD

2025-01-01 – 2025-12-31: 7711000000 USD Inspect Net Income Open source
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USD 9.96 billion
Exact value

Exact value: 9958000000 USD

2025-01-01 – 2025-12-31: 9958000000 USD Inspect Operating Cash Flow Open source
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USD 1.86 billion
Exact value

Exact value: 1858000000 USD

2025-01-01 – 2025-12-31: 1858000000 USD Inspect Capital Expenditure Open source
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USD 8.1 billion
Calculation and evidence

9958000000 − 1858000000 USD

Exact free cash flow: 8100000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

174 filings · 5,769 latest values · 5,769 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000318154, 318154, AMGN, edgar:318154

Also known as AMGEN INC, Amgen Inc.