Operating Income for Amgen (AMGN)
According to Amgen's latest reported financial statements, the company's current operating income (TTM) is $10.29B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
AMGN
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$10.29B
YoY change
+47.1%
5Y CAGR
+3.2%
Peak year (2025)
$10.68B
Cumulative operating income
$166.74B
Operating Income history chart for Amgen (AMGN) from 1985 to 2025
Operating Income history table for Amgen (AMGN) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $10.68B | +47.1% | ||
| 2024 | $7.26B | -8.1% | ||
| 2023 | $7.90B | -17.4% | ||
| 2022 | $9.57B | +25.2% | ||
| 2021 | $7.64B | -16.4% | ||
| 2020 | $9.14B | -5.5% | ||
| 2019 | $9.67B | -5.7% | ||
| 2018 | $10.26B | +2.9% | ||
| 2017 | $9.97B | +1.8% | ||
| 2016 | $9.79B | +15.6% | ||
| 2015 | $8.47B | +36.8% | ||
| 2014 | $6.19B | +5.5% | ||
| 2013 | $5.87B | +5.2% | ||
| 2012 | $5.58B | +29.3% | ||
| 2011 | $4.31B | -22.2% | ||
| 2010 | $5.54B | +0.7% | ||
| 2009 | $5.51B | +5.6% | ||
| 2008 | $5.21B | +31.0% | ||
| 2007 | $3.98B | +3.6% | ||
| 2006 | $3.84B | -20.8% | ||
| 2005 | $4.85B | +44.8% | ||
| 2004 | $3.35B | +8.3% | ||
| 2003 | $3.09B | -493.8% | ||
| 2002 | -$785.00M | -151.3% | ||
| 2001 | $1.53B | +11.9% | ||
| 2000 | $1.37B | +3.3% | ||
| 1999 | $1.32B | +18.5% | ||
| 1998 | $1.12B | +20.2% | ||
| 1997 | $930.30M | +1.6% | ||
| 1996 | $916.00M | +20.4% | ||
| 1995 | $760.80M | +8.9% | ||
| 1994 | $698.50M | +26.7% | ||
| 1993 | $551.20M | +10.7% | ||
| 1992 | $498.10M | +303.6% | ||
| 1991 | $123.40M | +141.5% | ||
| 1990 | $51.10M | — | ||
| 1988 | -$4.80M | -14.3% | ||
| 1987 | -$5.60M | +300.0% | ||
| 1986 | -$1.40M | +55.6% | ||
| 1985 | -$900,000 | — |
Operating Income values are taken from Amgen's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Amgen (AMGN) operating income totalled $10.68B – surged 47.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Amgen operating income compounded at +3.2% per year, with the latest reading among the more recent periods of the dataset.
The dataset's maximum operating income sits at $10.68B (2025); the minimum reading of -$785.00M dates to 2002.
Within Healthcare, Amgen (AMGN) ranks 8th among 8 peers we track. The peer median for operating income is $22.84B.
Amgen Operating Income by Year
Amgen Operating Income 2025: $10.68B
Amgen operating income in 2025 was $10.68B, surged 47.1% from 2024. This figure represents the highest annual value in the available history.
Amgen Operating Income 2024: $7.26B
Amgen operating income in 2024 was $7.26B, declined 8.1% below 2023.
Amgen Operating Income 2023: $7.90B
Amgen operating income in 2023 was $7.90B, declined 17.4% below 2022.
Amgen Operating Income 2022: $9.57B
Amgen operating income in 2022 was $9.57B, grew 25.2% from 2021.
Amgen Operating Income 2021: $7.64B
Amgen operating income in 2021 was $7.64B.
See more financial history for Amgen (AMGN).
Sector peers — Operating Income
Companies in the same sector as Amgen, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $8.11B | Healthcare |
Frequently asked questions
What is Amgen's operating income?
- Latest reported operating income for Amgen (AMGN) is $10.29B (period ending December 31, 2025).
How has Amgen operating income changed year-over-year?
- Amgen (AMGN) operating income changed +47.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Amgen operating income?
- Amgen (AMGN) operating income compound annual growth rate is +3.2% over the most recent 5 years available.
When did Amgen operating income hit its highest annual value?
- Amgen operating income reached its highest annual value of $10.68B in 2025.
What was Amgen operating income in 2024?
- Amgen (AMGN) operating income in 2024 was $7.26B.
What was Amgen operating income in 2025?
- Amgen (AMGN) operating income in 2025 was $10.68B.
Metrics overview
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