TTM
31.6%
YoY change
+7.34pp
Trough year (2002)
-14.2%
Peak year (1992)
46.1%
Latest annual
29.1%
Operating Margin history chart for Amgen (AMGN) from 1985 to 2025
Latest: 29.1%
Operating Margin change chart for Amgen (AMGN) from 1985 to 2025
Latest: +7.34pp
Operating Margin history table for Amgen (AMGN) from 1985 to 2025
| 2025 | 29.1% | +7.34pp | ||
| 2024 | 21.7% | -6.30pp | ||
| 2023 | 28.0% | -8.33pp | ||
| 2022 | 36.3% | +6.94pp | ||
| 2021 | 29.4% | -6.54pp | ||
| 2020 | 35.9% | -5.46pp | ||
| 2019 | 41.4% | -1.81pp | ||
| 2018 | 43.2% | -0.43pp | ||
| 2017 | 43.6% | +1.05pp | ||
| 2016 | 42.6% | +3.50pp | ||
| 2015 | 39.1% | +8.24pp | ||
| 2014 | 30.9% | -0.56pp | ||
| 2013 | 31.4% | -0.89pp | ||
| 2012 | 32.3% | +4.63pp | ||
| 2011 | 27.7% | -9.16pp | ||
| 2010 | 36.8% | -0.77pp | ||
| 2009 | 37.6% | +2.85pp | ||
| 2008 | 34.8% | +7.81pp | ||
| 2007 | 26.9% | +0.03pp | ||
| 2006 | 26.9% | -12.09pp | ||
| 2005 | 39.0% | +7.27pp | ||
| 2004 | 31.7% | -5.26pp | ||
| 2003 | 37.0% | +51.20pp | ||
| 2002 | -14.2% | -52.34pp | ||
| 2001 | 38.1% | -1.54pp | ||
| 2000 | 39.7% | -1.68pp | ||
| 1999 | 41.4% | -0.97pp | ||
| 1998 | 42.3% | +2.67pp | ||
| 1997 | 39.7% | -2.01pp | ||
| 1996 | 41.7% | +1.71pp | ||
| 1995 | 40.0% | -3.16pp | ||
| 1994 | 43.1% | +2.44pp | ||
| 1993 | 40.7% | -5.43pp | ||
| 1992 | 46.1% | +27.96pp | ||
| 1991 | 18.2% | -8.69pp | ||
| 1990 | 26.8% | — | ||
| 1988 | -6.8% | +5.80pp | ||
| 1987 | -12.6% | -7.94pp | ||
| 1986 | -4.7% | -0.43pp | ||
| 1985 | -4.3% | — |
- 202529.1%+7.34pp
- 202421.7%-6.30pp
- 202328.0%-8.33pp
- 202236.3%+6.94pp
- 202129.4%-6.54pp
- 202035.9%-5.46pp
- 201941.4%-1.81pp
- 201843.2%-0.43pp
- 201743.6%+1.05pp
- 201642.6%+3.50pp
- 201539.1%+8.24pp
- 201430.9%-0.56pp
- 201331.4%-0.89pp
- 201232.3%+4.63pp
- 201127.7%-9.16pp
- 201036.8%-0.77pp
- 200937.6%+2.85pp
- 200834.8%+7.81pp
- 200726.9%+0.03pp
- 200626.9%-12.09pp
- 200539.0%+7.27pp
- 200431.7%-5.26pp
- 200337.0%+51.20pp
- 2002-14.2%-52.34pp
- 200138.1%-1.54pp
- 200039.7%-1.68pp
- 199941.4%-0.97pp
- 199842.3%+2.67pp
- 199739.7%-2.01pp
- 199641.7%+1.71pp
- 199540.0%-3.16pp
- 199443.1%+2.44pp
- 199340.7%-5.43pp
- 199246.1%+27.96pp
- 199118.2%-8.69pp
- 199026.8%—
- 1988-6.8%+5.80pp
- 1987-12.6%-7.94pp
- 1986-4.7%-0.43pp
- 1985-4.3%—
Operating Margin values are taken from Amgen's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Amgen (AMGN)
According to Amgen's latest reported financial statements, the company's latest reported operating margin is 31.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Amgen (AMGN) operating margin totalled 29.06% – expanded 7.3 percentage points year-over-year.
46.11% stands as the all-time-high annual operating margin, posted in 1992, against a low of -14.21% during 2002.
Amgen Operating Margin by Year
Amgen Operating Margin 2025: 29.1%
2025's operating margin for Amgen came in at 29.06%, expanded 7.3 percentage points from 2024.
Amgen Operating Margin 2024: 21.7%
Amgen posted operating margin of 21.71% in 2024, contracted 6.3 percentage points from 2023.
Amgen Operating Margin 2023: 28.0%
In 2023, Amgen reported operating margin of 28.01%, contracted 8.3 percentage points from 2022.
Amgen Operating Margin 2022: 36.3%
Amgen operating margin in 2022 was 36.34%, expanded 6.9 percentage points from 2021.
Amgen Operating Margin 2021: 29.4%
Amgen operating margin in 2021 was 29.40%.
See more financial history for Amgen (AMGN).
Sector peers by Operating Margin
Healthcare peers of Amgen (AMGN), ranked by their latest operating margin
Frequently asked questions
Amgen (AMGN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation