Moderna, Inc. (MRNA) Earnings History
Annual and quarterly earnings data from 2016 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 54.2% | -123.3% | -111.3% |
| 2023 | 31.5% | -61.9% | -68.8% |
| 2022 | 71.3% | 49.9% | 44.3% |
| 2021 | 85.2% | 75.0% | 68.8% |
| 2020 | 95.1% | -95.0% | -93.0% |
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Moderna, Inc. (MRNA) Earnings Overview
As of March 1, 2026, Moderna, Inc. (MRNA) reported trailing twelve-month net income of -$3.12B, reflecting +0.2% year-over-year growth. The company earned $-7.99 per diluted share over the past four quarters, with a net profit margin of -1.1%.
Looking at the long-term picture, MRNA's historical earnings data spans multiple years. The company achieved its highest annual net income of $12.20B in fiscal 2021.
Moderna, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to industry peers including BNTX (-$572M net income, -0.2% margin), SMMT (-$1.08B net income), PCVX (-$767M net income), MRNA has room to improve margins relative to the peer group. Compare MRNA vs BNTX →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
9 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$3.56B | +24.5% | -$3.94B | $-9.27 | -111.3% | -123.3% |
| 2023 | -$4.71B | -156.4% | -$4.24B | $-12.34 | -68.8% | -61.9% |
| 2022 | $8.36B | -31.5% | $9.42B | $20.10 | 44.3% | 49.9% |
| 2021 | $12.20B | +1733.3% | $13.30B | $28.29 | 68.8% | 75.0% |
| 2020 | -$747M | -45.3% | -$763M | $-1.96 | -93.0% | -95.0% |
| 2019 | -$514M | -33.6% | -$546M | $-1.55 | -853.7% | -906.4% |
| 2018 | -$385M | -50.3% | -$469M | $-1.17 | -284.8% | -347.1% |
| 2017 | -$256M | -18.4% | -$269M | $-0.72 | -124.3% | -130.9% |
| 2016 | -$216M | - | -$224M | $-3.79 | -199.5% | -206.4% |
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Start ComparisonFrequently Asked Questions
Is MRNA growing earnings?
MRNA EPS of $-7.99 reflects slowing growth at +0.2%, below the 5-year CAGR of N/A. TTM net income is $-3.1B. Expansion rate has moderated.
What are MRNA's profit margins?
Moderna, Inc. net margin is -1.1%, with operating margin at -1.2%. Below-average margins reflect competitive or cost pressures.
How consistent are MRNA's earnings?
MRNA earnings data spans 2016-2024. The current earnings trend is +0.2% YoY. Historical data enables comparison across business cycles.