Filing Flows › Incyte (INCY) › Operating margin
Incyte (INCY) operating margin by quarter
Incyte's operating margin was 41.7% in Q2 2026 (second quarter 2026), +18.0 pts from Q1 2026. Over the last 6 quarters it ranged from 19.5% (Q1 2025) to 43.6% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 41.7% | +18.0 pts | -1.9 pts |
| Q1 2026 | 23.7% | +1.4 pts | +4.2 pts |
| Q4 2025 | 22.3% | -10.2 pts | — |
| Q3 2025 | 32.5% | -11.2 pts | — |
| Q2 2025 | 43.6% | +24.1 pts | — |
| Q1 2025 | 19.5% | — | — |
Q2 2026 at a glance
Incyte, Q2 2026: revenue $1.7B (+38% year over year), operating margin 41.7%, net earnings $586M, operating cash flow $508M. The chart follows the revenue to costs, profit and cash.
Questions
What is Incyte's operating margin?
Incyte's operating margin was 41.7% in Q2 2026 (second quarter 2026), +18.0 pts from Q1 2026.
How has Incyte's operating margin changed?
Over the last 6 quarters it ranged from 19.5% (Q1 2025) to 43.6% (Q2 2025).