Biogen Inc. (BIIB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.48B | 2.28B | 2.45B | 2.65B | 2.43B | 2.45B | 2.47B | 2.46B | 2.29B | 2.39B | 2.53B | 2.46B | 2.46B | 2.54B | 2.51B | 2.59B | 2.53B | 2.73B | 2.78B | 2.77B |
| Revenue Growth % | 1.93% | -7.15% | -0.45% | 7.33% | 6.13% | 2.87% | -2.55% | 0.36% | -7% | -6.2% | 0.87% | -5.14% | -2.72% | -6.94% | -9.73% | -6.7% | -6.02% | -4.16% | -17.69% | -24.63% |
| Cost of Goods Sold | 661M | 496.3M | 876.6M | 946.2M | 577.9M | 583.5M | 638.7M | 955.8M | 498.1M | 618.3M | 659.6M | 592.7M | 662.8M | 570.9M | 469.5M | 484M | 753.9M | 660.1M | 511.8M | 459.7M |
| COGS % of Revenue | 26.68% | 21.77% | 35.71% | 35.77% | 23.77% | 23.77% | 25.9% | 38.78% | 21.75% | 25.91% | 26.07% | 24.13% | 26.91% | 22.44% | 18.72% | 18.69% | 29.78% | 24.15% | 18.42% | 16.57% |
| Gross Profit | 1.82B | 1.78B | 1.58B | 1.7B | 1.85B | 1.87B | 1.83B | 1.51B | 1.79B | 1.77B | 1.87B | 1.86B | 1.8B | 1.97B | 2.04B | 2.11B | 1.78B | 2.07B | 2.27B | 2.32B |
| Gross Margin % | 73.32% | 78.23% | 64.29% | 64.23% | 76.23% | 76.23% | 74.1% | 61.22% | 78.25% | 74.09% | 73.93% | 75.87% | 73.09% | 77.56% | 81.28% | 81.31% | 70.22% | 75.85% | 81.58% | 83.43% |
| Gross Profit Growth % | -1.96% | -4.71% | -13.62% | 12.6% | 3.39% | 5.84% | -2.33% | -19.01% | -0.43% | -10.39% | -8.25% | -11.49% | 1.25% | -4.85% | -10.06% | -9.08% | -19.77% | -12.21% | -22.55% | -29.21% |
| Operating Expenses | 1.42B | 1.84B | 964.4M | 1.11B | 1.12B | 1.36B | 1.25B | 1.14B | 1.1B | 1.26B | 1.55B | 1.17B | 1.23B | 1.41B | 1.17B | 1.17B | 1.25B | 1.57B | 1.47B | 1.84B |
| OpEx % of Revenue | 57.28% | 80.73% | 39.29% | 42% | 46.09% | 55.49% | 50.69% | 46.35% | 48.11% | 52.62% | 61.25% | 47.78% | 49.77% | 55.61% | 46.6% | 45.14% | 49.51% | 57.31% | 52.81% | 66.47% |
| Selling, General & Admin | 607.3M | 683M | 594.8M | 581.3M | 574.6M | 678.7M | 576.9M | 550.3M | 578.3M | 608.1M | 752.7M | 536.5M | 605M | 638.2M | 563.3M | 572.6M | 634.9M | 799.2M | 654.1M | 637.3M |
| SG&A % of Revenue | 24.51% | 29.97% | 24.23% | 21.97% | 23.64% | 27.65% | 23.4% | 22.33% | 25.25% | 25.48% | 29.75% | 21.84% | 24.56% | 25.09% | 22.46% | 22.12% | 25.08% | 29.23% | 23.54% | 22.97% |
| Research & Development | 573M | 509.3M | 369.6M | 529.9M | 545.9M | 683.5M | 673M | 592.3M | 523.7M | 647.5M | 797.2M | 637.1M | 620.8M | 776.6M | 605.7M | 596.1M | 618.6M | 767.6M | 813.4M | 1.21B |
| R&D % of Revenue | 23.13% | 22.34% | 15.06% | 20.03% | 22.46% | 27.84% | 27.29% | 24.03% | 22.86% | 27.13% | 31.51% | 25.94% | 25.2% | 30.53% | 24.15% | 23.02% | 24.43% | 28.08% | 29.27% | 43.5% |
| Other Operating Expenses | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 397.4M | -57M | 613.8M | 588.1M | 732.6M | 509M | 577.2M | 366.5M | 690.4M | 512.4M | 320.8M | 689.7M | 574.4M | 558.3M | 870M | 936.4M | 524.4M | 506.9M | 799.6M | 470.8M |
| Operating Margin % | 16.04% | -2.5% | 25% | 22.23% | 30.14% | 20.74% | 23.41% | 14.87% | 30.14% | 21.47% | 12.68% | 28.08% | 23.32% | 21.95% | 34.68% | 36.17% | 20.71% | 18.54% | 28.77% | 16.97% |
| Operating Income Growth % | -45.75% | -111.2% | 6.34% | 60.46% | 6.11% | -0.66% | 79.93% | -46.86% | 20.2% | -8.22% | -63.13% | -26.35% | 9.53% | 10.14% | 8.8% | 98.9% | -46.15% | 253.33% | -26.4% | -76.16% |
| EBITDA | 533.9M | 298.7M | 816M | 782.4M | 915.8M | 693M | 760M | 525.4M | 837.9M | 652.5M | 445.8M | 807.1M | 686.7M | 678.1M | 990.7M | 1.07B | 667.5M | 641.6M | 932.8M | 588M |
| EBITDA Margin % | 21.55% | 13.1% | 33.24% | 29.57% | 37.67% | 28.23% | 30.82% | 21.32% | 36.58% | 27.34% | 17.62% | 32.86% | 27.88% | 26.65% | 39.49% | 41.37% | 26.36% | 23.47% | 33.57% | 21.19% |
| EBITDA Growth % | -41.7% | -56.9% | 7.37% | 48.92% | 9.3% | 6.21% | 70.48% | -34.9% | 22.02% | -3.78% | -55% | -24.65% | 2.88% | 5.69% | 6.21% | 82.18% | -37.99% | 390.45% | -22.34% | -71.83% |
| D&A (Non-Cash Add-back) | 136.5M | 355.7M | 202.2M | 194.3M | 183.2M | 184M | 182.8M | 158.9M | 147.5M | 140.1M | 125M | 117.4M | 112.3M | 119.8M | 120.7M | 134.8M | 143.1M | 134.7M | 133.2M | 117.2M |
| EBIT | 417.1M | -57M | 624.7M | 915.6M | 681.9M | 507.7M | 531.6M | 809.5M | 632.4M | 461.1M | 270.5M | 633.3M | 517.3M | 645.1M | 824.7M | 907M | 641.7M | 578.4M | 821.8M | 504M |
| Net Interest Income | -29.7M | -30.3M | -35.8M | -40.3M | -36.1M | -41.5M | -48.2M | -41.2M | -51.8M | -47.7M | 32.1M | 26.8M | 18.4M | -4.9M | -36M | -53.2M | -63.2M | -63.5M | -63.7M | -53.7M |
| Interest Income | 37.9M | 37.2M | 31.6M | 32.3M | 23.9M | 18.5M | 11.6M | 20.1M | 17.4M | 23.8M | 95.9M | 75.9M | 80.9M | 49.9M | 23.9M | 12.6M | 2.9M | 2.8M | 2.6M | 2.7M |
| Interest Expense | 67.6M | 67.5M | 67.4M | 72.6M | 60M | 60M | 59.8M | 61.3M | 69.2M | 71.5M | 63.8M | 49.1M | 62.5M | 54.8M | 59.9M | 65.8M | 66.1M | 66.3M | 66.3M | 56.4M |
| Other Income/Expense | -19.7M | -154M | -56.5M | 155.9M | -421.4M | -217.5M | -126.2M | 332.2M | -225.6M | -220.8M | -462M | 18.4M | -136.1M | 45.5M | 501.1M | 339M | -180.3M | -84.2M | -507.4M | 145.6M |
| Pretax Income | 377.7M | -211M | 557.3M | 744M | 311.2M | 291.5M | 451M | 698.7M | 464.8M | 291.6M | -141.2M | 708.1M | 438.3M | 603.8M | 1.37B | 1.28B | 344.1M | 422.7M | 292.2M | 616.4M |
| Pretax Margin % | 15.24% | -9.26% | 22.7% | 28.12% | 12.8% | 11.88% | 18.29% | 28.35% | 20.29% | 12.22% | -5.58% | 28.83% | 17.8% | 23.73% | 54.66% | 49.26% | 13.59% | 15.46% | 10.51% | 22.21% |
| Income Tax | 58.2M | -162.59M | 90.8M | 109.2M | 70.7M | 24.8M | 62.5M | 115.1M | 71.4M | 42.7M | -72.9M | 114.8M | 50.7M | 54.3M | 236.2M | 216.7M | 125.6M | 443.2M | -25.9M | -409.1M |
| Effective Tax Rate % | 15.41% | 77.06% | 16.29% | 14.68% | 22.72% | 8.51% | 13.86% | 16.47% | 15.36% | 14.64% | 51.63% | 16.21% | 11.57% | 8.99% | 17.23% | 16.99% | 36.5% | 104.85% | -8.86% | -66.37% |
| Net Income | 319.5M | -48.41M | 466.5M | 634.8M | 240.5M | 266.7M | 388.5M | 583.6M | 393.4M | 249.7M | -68.1M | 591.6M | 387.9M | 550.4M | 1.13B | 1.06B | 303.8M | 368.2M | 329.2M | 448.5M |
| Net Margin % | 12.89% | -2.12% | 19% | 24% | 9.89% | 10.86% | 15.76% | 23.68% | 17.18% | 10.46% | -2.69% | 24.09% | 15.75% | 21.64% | 45.23% | 40.86% | 12% | 13.47% | 11.85% | 16.16% |
| Net Income Growth % | 32.85% | -118.15% | 20.08% | 8.77% | -38.87% | 6.81% | 670.48% | -1.35% | 1.42% | -54.63% | -106% | -44.08% | 27.68% | 49.48% | 244.68% | 135.9% | -25.94% | 2.88% | -53.07% | -70.92% |
| Net Income (Continuing) | 319.5M | -48.41M | 466.5M | 634.8M | 240.5M | 266.7M | 388.5M | 583.6M | 393.4M | 248.9M | -68.3M | 593.3M | 387.6M | 549.5M | 1.13B | 1.06B | 218.5M | -20.5M | 318.1M | 1.03B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.1M | -6.4M | -9.6M | -9.5M | -8.7M | -9.1M | -21.6M | 63.5M | 451.8M | 462.9M |
| EPS (Diluted) | 2.15 | -0.33 | 3.17 | 4.35 | 1.64 | 1.83 | 2.66 | 4.00 | 2.70 | 1.71 | -0.47 | 4.07 | 2.67 | 3.79 | 7.84 | 7.24 | 2.06 | 2.50 | 2.22 | 2.99 |
| EPS Growth % | 31.1% | -118.03% | 19.17% | 8.75% | -39.26% | 7.02% | 665.96% | -1.72% | 1.12% | -54.88% | -105.99% | -43.78% | 29.61% | 51.6% | 253.15% | 142.14% | -23.42% | 7.76% | -50.22% | -68.82% |
| EPS (Basic) | 2.17 | -0.33 | 3.18 | 4.35 | 1.65 | 1.83 | 2.67 | 4.01 | 2.71 | 1.72 | -0.47 | 4.09 | 2.69 | 3.82 | 7.86 | 7.25 | 2.06 | 2.51 | 2.22 | 3.00 |
| Diluted Shares Outstanding | 148.4M | 146.7M | 147.1M | 145.9M | 145.9M | 146.1M | 145.9M | 145.9M | 145.9M | 145.7M | 144.8M | 145.5M | 145.2M | 145.2M | 144.8M | 146.2M | 147.6M | 147.5M | 148.6M | 150.1M |
| Basic Shares Outstanding | 147.2M | 146.7M | 146.6M | 145.9M | 145.9M | 145.7M | 145.7M | 145.6M | 145.2M | 144.9M | 144.8M | 144.7M | 144.4M | 144.1M | 144.4M | 145.9M | 147.1M | 146.9M | 148M | 149.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |