Filing Flows › Amgen (AMGN) › How it makes money
How Amgen (AMGN) makes money
Amgen (AMGN) made $10.4B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Product sales brought in $9.9B (95%); BLINCYTO brought in $496M (5%). Of every dollar of revenue, 36¢ was left as operating profit, 37¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product sales | $9.9B | 95.2% | — | +8% |
| BLINCYTO | $496M | 4.8% | — | +27% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $10.4B | 100.0% |
| Operating profit | $3.7B | 35.7% |
| Income tax | $822M | 7.9% |
| Net earnings | $3.9B | 37.2% |
| Operating cash flow | $4.2B | 40.9% |
| Free cash flow | $3.7B | 35.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $10.4B | +8% |
| Q2 2026 | $10.1B | +10% |
| Q1 2026 | $8.6B | +6% |
| Q4 2025 | $9.9B | +9% |
| Q3 2025 | $9.6B | +12% |
| Q2 2025 | $9.2B | +9% |
| Q1 2025 | $8.1B | +9% |
From Amgen's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Amgen make money?
Amgen (AMGN) made $10.4B of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Product sales brought in $9.9B (95%); BLINCYTO brought in $496M (5%). Of every dollar of revenue, 36¢ was left as operating profit, 37¢ was left as net earnings.
What is Amgen's biggest business?
Product sales: $9.9B in the third quarter 2026, 95% of revenue, +8% from a year earlier.
What is Amgen's profit margin?
Net earnings were $3.9B, 37.2% of revenue, in the third quarter 2026; the operating margin was 35.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.