Incyte Corporation (INCY) 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 | 1.27B | 1.51B | 1.37B | 1.22B | 1.05B | 1.18B | 1.14B | 1.04B | 880.89M | 1.01B | 919.02M | 954.61M | 808.67M | 926.7M | 823.3M | 911.4M | 733.24M | 862.85M | 812.99M | 705.71M |
| Revenue Growth % | 20.87% | 27.84% | 20.05% | 16.46% | 19.53% | 16.32% | 23.81% | 9.34% | 8.93% | 9.35% | 11.63% | 4.74% | 10.29% | 7.4% | 1.27% | 29.15% | 21.25% | 9.29% | 30.99% | 2.57% |
| Cost of Goods Sold | 104.52M | 137.36M | 99M | 95.69M | 89.55M | 105.12M | 102.41M | 92.98M | 77.2M | 85.81M | 75.78M | 82.92M | 70.63M | 72M | 65.98M | 61.74M | 53.65M | 53.35M | 49.16M | 47.09M |
| COGS % of Revenue | 8.21% | 9.12% | 7.25% | 7.87% | 8.51% | 8.92% | 9% | 8.91% | 8.76% | 8.47% | 8.25% | 8.69% | 8.73% | 7.77% | 8.01% | 6.77% | 7.32% | 6.18% | 6.05% | 6.67% |
| Gross Profit | 1.17B | 1.37B | 1.27B | 1.12B | 963.35M | 1.07B | 1.04B | 950.78M | 803.69M | 927.53M | 843.24M | 871.69M | 738.04M | 854.7M | 757.33M | 849.65M | 679.58M | 809.5M | 763.83M | 658.62M |
| Gross Margin % | 91.79% | 90.88% | 92.75% | 92.13% | 91.49% | 91.08% | 91% | 91.09% | 91.24% | 91.53% | 91.75% | 91.31% | 91.27% | 92.23% | 91.99% | 93.23% | 92.68% | 93.82% | 93.95% | 93.33% |
| Gross Profit Growth % | 21.26% | 27.56% | 22.36% | 17.78% | 19.87% | 15.75% | 22.79% | 9.07% | 8.89% | 8.52% | 11.34% | 2.59% | 8.6% | 5.58% | -0.85% | 29% | 19.84% | 8.6% | 31.97% | 1.72% |
| Operating Expenses | 867.2M | 985.6M | 823.46M | 809.02M | 746.61M | 776.11M | 865.96M | 1.43B | 713.27M | 722.3M | 627.91M | 670.08M | 708.44M | 761.35M | 639.08M | 589.37M | 551.92M | 689.55M | 516.36M | 503.31M |
| OpEx % of Revenue | 68.14% | 65.41% | 60.28% | 66.56% | 70.91% | 65.84% | 76.1% | 136.81% | 80.97% | 71.28% | 68.32% | 70.19% | 87.6% | 82.16% | 77.62% | 64.67% | 75.27% | 79.92% | 63.51% | 71.32% |
| Selling, General & Admin | 328.09M | 390.41M | 329.1M | 331.02M | 309.33M | 310.08M | 292.79M | 289.63M | 284.01M | 277.8M | 252.2M | 269.33M | 301.8M | 259.99M | 255.07M | 242.17M | 198.55M | 216.73M | 181.41M | 159.8M |
| SG&A % of Revenue | 25.78% | 25.91% | 24.09% | 27.23% | 29.38% | 26.31% | 25.73% | 27.75% | 32.24% | 27.41% | 27.44% | 28.21% | 37.32% | 28.05% | 30.98% | 26.57% | 27.08% | 25.12% | 22.31% | 22.64% |
| Research & Development | 515.9M | 595.19M | 506.58M | 478M | 437.28M | 466.03M | 573.17M | 1.14B | 429.26M | 444.49M | 375.71M | 400.75M | 406.64M | 501.36M | 384.01M | 347.2M | 353.37M | 472.83M | 334.94M | 343.51M |
| R&D % of Revenue | 40.54% | 39.5% | 37.09% | 39.32% | 41.53% | 39.54% | 50.37% | 109.07% | 48.73% | 43.86% | 40.88% | 41.98% | 50.29% | 54.1% | 46.64% | 38.09% | 48.19% | 54.8% | 41.2% | 48.68% |
| Other Operating Expenses | 1000K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 301.12M | 383.88M | 443.52M | 310.82M | 216.74M | 297.47M | 169.5M | -477.24M | 90.42M | 205.23M | 215.33M | 201.6M | 29.6M | 93.36M | 118.25M | 260.29M | 127.66M | 119.95M | 247.47M | 155.31M |
| Operating Margin % | 23.66% | 25.48% | 32.47% | 25.57% | 20.59% | 25.24% | 14.9% | -45.72% | 10.26% | 20.25% | 23.43% | 21.12% | 3.66% | 10.07% | 14.36% | 28.56% | 17.41% | 13.9% | 30.44% | 22.01% |
| Operating Income Growth % | 38.93% | 29.05% | 161.67% | 165.13% | 139.71% | 44.94% | -21.29% | -336.72% | 205.42% | 119.83% | 82.1% | -22.55% | -76.81% | -22.17% | -52.22% | 67.59% | 11.2% | -28.53% | 802.38% | -37.9% |
| EBITDA | 324.92M | 407.86M | 467.54M | 333.74M | 239.1M | 320.2M | 192.01M | -455.19M | 112.36M | 226.99M | 236.72M | 221.9M | 48.81M | 111.58M | 134.94M | 276.8M | 144.1M | 134.81M | 262.16M | 169.77M |
| EBITDA Margin % | 25.53% | 27.07% | 34.23% | 27.46% | 22.71% | 27.17% | 16.87% | -43.61% | 12.76% | 22.4% | 25.76% | 23.25% | 6.04% | 12.04% | 16.39% | 30.37% | 19.65% | 15.62% | 32.25% | 24.06% |
| EBITDA Growth % | 35.89% | 27.38% | 143.49% | 173.32% | 112.79% | 41.06% | -18.89% | -305.13% | 130.18% | 103.44% | 75.42% | -19.83% | -66.12% | -17.23% | -48.53% | 63.04% | 12.02% | -25.52% | 549.34% | -35.37% |
| D&A (Non-Cash Add-back) | 23.8M | 23.98M | 24.02M | 22.92M | 22.36M | 22.73M | 22.52M | 22.05M | 21.95M | 21.76M | 21.39M | 20.3M | 19.21M | 18.22M | 16.69M | 16.51M | 16.44M | 14.86M | 14.69M | 14.46M |
| EBIT | 343.6M | 390.52M | 482.9M | 558.61M | 234.85M | 314.14M | 157.3M | -389.12M | 236.59M | 271.76M | 234.42M | 278.26M | 52.33M | 81.28M | 149.23M | 230.06M | 71.22M | 120.77M | 209.91M | 171.99M |
| Net Interest Income | 33.12M | 30.17M | 26.19M | 24.54M | 22.27M | 20.78M | -774K | -657K | -430K | -804K | -623K | -655K | -469K | -667K | -641K | -678K | -680K | -752K | -439K | -358K |
| Interest Income | 33.69M | 30.75M | 26.78M | 25.14M | 22.93M | 21.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 569K | 582K | 592K | 594K | 660K | 419K | 774K | 657K | 430K | 804K | 623K | 655K | 469K | 667K | 641K | 678K | 680K | 752K | 439K | 358K |
| Other Income/Expense | 42.48M | 6.07M | 38.79M | 247.19M | 17.45M | 16.25M | -12.97M | 87.46M | 145.74M | 65.72M | 18.47M | 76M | 22.25M | -12.74M | 30.34M | -30.91M | -57.13M | 70K | -38M | 16.32M |
| Pretax Income | 343.6M | 389.94M | 482.31M | 558.01M | 234.19M | 313.72M | 156.52M | -389.78M | 236.16M | 270.96M | 233.8M | 277.6M | 51.86M | 80.61M | 148.59M | 229.38M | 70.53M | 120.02M | 209.47M | 171.63M |
| Pretax Margin % | 27% | 25.88% | 35.31% | 45.91% | 22.24% | 26.62% | 13.76% | -37.34% | 26.81% | 26.74% | 25.44% | 29.08% | 6.41% | 8.7% | 18.05% | 25.17% | 9.62% | 13.91% | 25.77% | 24.32% |
| Income Tax | 40.27M | 90.66M | 58.14M | 153.01M | 75.99M | 112.51M | 50.07M | 54.82M | 66.61M | 69.88M | 62.53M | 74.06M | 30.15M | 52.15M | 35.81M | 67.95M | 32.54M | -443.83M | 27.73M | 22.18M |
| Effective Tax Rate % | 11.72% | 23.25% | 12.05% | 27.42% | 32.45% | 35.86% | 31.99% | -14.07% | 28.21% | 25.79% | 26.75% | 26.68% | 58.15% | 64.7% | 24.1% | 29.62% | 46.14% | -369.8% | 13.24% | 12.92% |
| Net Income | 303.33M | 299.28M | 424.17M | 405M | 158.2M | 201.21M | 106.46M | -444.6M | 169.55M | 201.08M | 171.27M | 203.55M | 21.7M | 28.46M | 112.78M | 161.43M | 37.99M | 563.85M | 181.74M | 149.46M |
| Net Margin % | 23.83% | 19.86% | 31.05% | 33.32% | 15.03% | 17.07% | 9.36% | -42.6% | 19.25% | 19.84% | 18.64% | 21.32% | 2.68% | 3.07% | 13.7% | 17.71% | 5.18% | 65.35% | 22.35% | 21.18% |
| Net Income Growth % | 91.73% | 48.74% | 298.45% | 191.09% | -6.69% | 0.07% | -37.84% | -318.43% | 681.22% | 606.51% | 51.87% | 26.09% | -42.87% | -94.95% | -37.95% | 8.01% | -29.03% | 276.28% | 1295.42% | -48.52% |
| Net Income (Continuing) | 303.33M | 299.28M | 424.17M | 405M | 158.2M | 201.21M | 106.46M | -444.6M | 169.55M | 201.08M | 171.27M | 203.55M | 21.7M | 28.46M | 112.78M | 161.43M | 37.99M | 563.85M | 181.74M | 149.46M |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.47 | 1.46 | 2.11 | 2.04 | 0.80 | 1.02 | 0.54 | -2.04 | 0.75 | 0.89 | 0.76 | 0.90 | 0.10 | 0.13 | 0.50 | 0.72 | 0.17 | 2.54 | 0.82 | 0.67 |
| EPS Growth % | 83.75% | 43.14% | 290.74% | 200% | 6.67% | 14.61% | -28.95% | -326.67% | 679.63% | 584.62% | 52% | 25% | -43.41% | -94.88% | -39.02% | 7.46% | -29.17% | 273.53% | 1279.86% | -49.24% |
| EPS (Basic) | 1.52 | 1.52 | 2.17 | 2.09 | 0.82 | 1.04 | 0.55 | -2.04 | 0.76 | 0.90 | 0.76 | 0.91 | 0.10 | 0.13 | 0.51 | 0.73 | 0.17 | 2.55 | 0.82 | 0.68 |
| Diluted Shares Outstanding | 206.83M | 204.77M | 201.43M | 198.74M | 198.2M | 197.42M | 195.84M | 218.18M | 227.22M | 226.13M | 226.17M | 225.65M | 225.59M | 224.84M | 224.18M | 223.66M | 222.95M | 221.99M | 222.25M | 222.25M |
| Basic Shares Outstanding | 199.34M | 197.44M | 195.67M | 194M | 193.71M | 193.15M | 192.63M | 218.18M | 224.48M | 224.23M | 224.08M | 223.25M | 222.96M | 222.62M | 222.41M | 221.66M | 221.33M | 220.98M | 220.84M | 220.08M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |