Amgen Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	35,148	32,026	26,910	24,801	24,297
Other Revenue	1,603	1,398	1,280	1,522	1,682
Revenue	36,751	33,424	28,190	26,323	25,979
Revenue Growth (YoY)	9.95%	18.57%	7.09%	1.32%	2.18%
Cost of Revenue	10,737	10,458	7,795	6,376	6,454
Gross Profit	26,014	22,966	20,395	19,947	19,525
Selling, General & Admin	7,050	7,096	5,692	5,414	5,368
Research & Development	7,272	5,964	4,784	4,434	4,819
Other Operating Expenses	118	230	96	1	187
Operating Expenses	14,440	13,290	10,572	9,849	10,374
Operating Income	11,574	9,676	9,823	10,098	9,151
Interest Expense	-3,163	-3,665	-4,100	-1,533	-1,208
Interest & Investment Income	408	510	1,225	127	11
Currency Exchange Gain (Loss)	221	-75	42	-233	-245
Other Non Operating Income (Expenses)	178	512	1,128	-180	978
EBT Excluding Unusual Items	9,218	6,958	8,118	8,279	8,687
Merger & Restructuring Charges	-1,300	-2,400	-1,143	-30	-
Gain (Loss) on Sale of Investments	1,988	-146	1,438	-479	-474
Gain (Loss) on Sale of Assets	-	-	-	-567	-
Asset Writedown	-1,200	-	-783	-	-
Other Unusual Items	270	197	225	143	-7
Pretax Income	8,976	4,609	7,855	7,346	6,701
Income Tax Expense	1,265	519	1,138	794	808
Net Income	7,711	4,090	6,717	6,552	5,893
Net Income to Common	7,711	4,090	6,717	6,552	5,893
Net Income Growth	88.53%	-39.11%	2.52%	11.18%	-18.87%
Shares Outstanding (Basic)	538	537	535	538	570
Shares Outstanding (Diluted)	542	541	538	541	573
Shares Change (YoY)	0.18%	0.56%	-0.56%	-5.58%	-2.88%
EPS (Basic)	14.33	7.62	12.56	12.18	10.34
EPS (Diluted)	14.23	7.56	12.49	12.11	10.28
EPS Growth	88.23%	-39.47%	3.14%	17.80%	-16.49%
Free Cash Flow	8,100	10,394	7,359	8,785	8,381
Free Cash Flow Per Share	14.95	19.21	13.68	16.24	14.63
Dividend Per Share	9.520	9.000	8.520	7.760	7.040
Dividend Growth	5.78%	5.63%	9.79%	10.23%	10.00%
Gross Margin	70.78%	68.71%	72.35%	75.78%	75.16%
Operating Margin	31.49%	28.95%	34.85%	38.36%	35.23%
Profit Margin	20.98%	12.24%	23.83%	24.89%	22.68%
Free Cash Flow Margin	22.04%	31.10%	26.11%	33.37%	32.26%
EBITDA	16,617	15,157	13,755	13,358	12,549
EBITDA Margin	45.21%	45.35%	48.79%	50.75%	48.30%
D&A For EBITDA	5,043	5,481	3,932	3,260	3,398
EBIT	11,574	9,676	9,823	10,098	9,151
EBIT Margin	31.49%	28.95%	34.85%	38.36%	35.23%
Effective Tax Rate	14.09%	11.26%	14.49%	10.81%	12.06%
Revenue as Reported	36,751	33,424	28,190	26,323	25,979
Advertising Expenses	963	987	647	841	843

Source: S&P Global Market Intelligence. Standard template. Financial Sources.