Incyte revenue and financials
$114.43Change from previous close: −0.75%Absolute change: −$0.87
In the fiscal year ended December 2025, Incyte reported revenue of $5.14B (+21.22% year over year). Net income was $1.29B, a net margin of 25.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +21.22%
- 2025 vs 2024
- Net income growth
- +3,844.96%
- 2025 vs 2024
- Net margin
- 25.0%
- 2024: 0.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 5,141 | 4,241 | 3,696 | 3,395 | 2,986 | 2,667 | 2,159 | 1,882 | 1,536 | 1,106 |
| Cost of revenue | 372 | 312 | 255 | 207 | 151 | 131 | 114 | 94.1 | 79.5 | 58.2 |
| Gross profit | 2,719 | 1,323 | 1,811 | 1,594 | 1,340 | — | — | — | — | — |
| Selling, general and administrative | 1,372 | 1,239 | 1,153 | 999 | 741 | — | — | — | — | — |
| Research and development | 2,050 | 2,607 | 1,628 | 1,586 | 1,458 | 2,216 | 1,154 | 1,198 | 1,326 | 582 |
| Operating income | 1,515 | 61.4 | 621 | 579 | 586 | -264 | 402 | 129 | -243 | 145 |
| EBIT | 1,346 | 84.4 | 658 | 594 | 599 | — | — | — | — | — |
| EBITDA | 1,440 | 174 | 741 | 665 | 660 | — | — | — | — | — |
| Interest expense | 2.4 | 2.3 | 2.6 | 2.7 | 1.9 | 2.2 | 1.9 | 1.5 | 6.9 | 38.7 |
| Pre-tax income | 1,664 | 317 | 834 | 529 | 570 | — | — | — | — | — |
| Income tax | 378 | 284 | 237 | 188 | -378 | 63.5 | 39.9 | 5.9 | 0.9 | 3.2 |
| Net income | 1,287 | 32.6 | 598 | 341 | 949 | -296 | 447 | 109 | -313 | 104 |
| Net income to common shareholders | 1,287 | 32.6 | 598 | 341 | 949 | — | — | — | — | — |
| Basic EPS | 6.59 | 0.16 | 2.67 | 1.53 | 4.30 | -1.36 | 2.08 | 0.52 | -1.53 | 0.55 |
| Diluted EPS | 6.41 | 0.15 | 2.65 | 1.52 | 4.27 | -1.36 | 2.05 | 0.51 | -1.53 | 0.54 |
| Average shares (basic) | 195 | 207 | 224 | 222 | 220 | — | — | — | — | — |
| Average shares (diluted) | 201 | 211 | 226 | 224 | 222 | 218 | 218 | 216 | 205 | 194 |
