Amgen (AMGN) Stock Price

Amgen Price

NASDAQ·CLOSED
380.62USD-4.55 (-1.19 %)
Market closed

Over the last 19 years Amgen grew revenue by 5.1% annually, reaching 36.74 B USD. Earnings per share have grown at 9.6% per year over the last 19 years. For Amgen, the net margin of 21.0% is down versus 22.7% a few years ago. At today's price the dividend yield works out to roughly 2.50%. The payout ratio is around 67% of earnings. The dividend has grown at 22.4% per year over the past 14 years. The consensus 12-month price target for Amgen is 360.06 USD, about 5.4% below where the stock trades today. Of 41 analysts, 22 rate the stock a buy — an overall Buy consensus. The stock trades about 40% above its 52-week low.

Amgen stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Amgen over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Amgen stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Amgen's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Amgen Stock Price History
DateAmgen Price
8/3/2026380.62 USD
7/31/2026385.16 USD
7/30/2026387.64 USD
7/29/2026392.42 USD
7/27/2026380.41 USD
7/23/2026371.50 USD
7/22/2026366.05 USD
7/21/2026366.24 USD
7/20/2026364.17 USD
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7/1/2026361.33 USD
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6/29/2026359.17 USD
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6/25/2026352.82 USD
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6/5/2026353.88 USD
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6/3/2026332.10 USD
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4/20/2026350.16 USD
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4/10/2026351.02 USD
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4/6/2026343.01 USD
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4/1/2026353.28 USD
3/31/2026351.85 USD
3/30/2026349.00 USD
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3/17/2026361.21 USD
3/16/2026366.25 USD
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3/12/2026368.01 USD
3/11/2026377.64 USD
3/10/2026375.43 USD
3/9/2026376.97 USD
3/6/2026369.53 USD
3/5/2026367.60 USD
3/4/2026379.27 USD
3/3/2026377.00 USD
3/2/2026385.70 USD
2/27/2026388.16 USD
2/26/2026379.33 USD
2/25/2026384.33 USD
2/24/2026382.87 USD
2/23/2026380.01 USD
2/20/2026374.75 USD
2/19/2026375.50 USD
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2/13/2026369.19 USD
2/12/2026367.06 USD
2/11/2026366.58 USD
2/10/2026365.26 USD
2/9/2026376.01 USD
2/6/2026383.26 USD
2/5/2026368.49 USD
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2/3/2026342.61 USD
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1/30/2026341.88 USD
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1/28/2026339.99 USD
1/27/2026351.33 USD
1/26/2026349.69 USD
1/23/2026344.64 USD
1/22/2026347.90 USD
1/21/2026343.61 USD
1/20/2026332.01 USD
1/16/2026330.41 USD
1/15/2026330.03 USD
1/14/2026328.97 USD
1/13/2026324.01 USD
1/12/2026325.54 USD
1/9/2026326.01 USD
1/8/2026330.12 USD
1/7/2026340.29 USD
1/6/2026330.17 USD
1/5/2026320.72 USD
1/2/2026327.64 USD
12/31/2025327.31 USD
12/30/2025328.69 USD
12/29/2025329.87 USD
12/26/2025332.93 USD
12/24/2025333.96 USD
12/23/2025331.49 USD
12/22/2025331.39 USD
12/19/2025327.38 USD
12/18/2025324.42 USD
12/17/2025326.01 USD
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12/5/2025329.90 USD
12/4/2025340.16 USD
12/3/2025345.42 USD
12/2/2025338.36 USD
12/1/2025337.01 USD
11/28/2025345.46 USD
11/26/2025344.99 USD
11/25/2025341.11 USD
11/24/2025333.42 USD
11/21/2025337.54 USD
11/20/2025336.01 USD
11/19/2025342.01 USD
11/18/2025343.99 USD
11/17/2025341.71 USD
11/14/2025337.21 USD
11/13/2025336.00 USD
11/12/2025336.28 USD
11/11/2025338.51 USD
11/10/2025323.66 USD
11/7/2025320.79 USD
11/6/2025315.59 USD
11/5/2025319.86 USD
11/4/2025301.76 USD
11/3/2025296.30 USD
10/31/2025298.43 USD
10/30/2025292.00 USD
10/29/2025291.77 USD
10/28/2025292.09 USD
10/27/2025291.16 USD
10/24/2025291.77 USD
10/23/2025292.89 USD
10/22/2025295.98 USD
10/21/2025302.40 USD
10/20/2025303.33 USD
10/17/2025298.82 USD
10/16/2025295.81 USD
10/15/2025298.26 USD
10/14/2025293.85 USD
10/13/2025292.41 USD
10/10/2025291.30 USD
10/9/2025295.43 USD
10/8/2025294.62 USD
10/7/2025295.54 USD
10/6/2025294.12 USD
10/3/2025300.64 USD
10/2/2025297.40 USD
10/1/2025298.50 USD
9/30/2025282.20 USD
9/29/2025282.20 USD
9/28/2025273.97 USD
9/25/2025272.98 USD
9/24/2025271.18 USD
9/23/2025286.81 USD
9/22/2025286.00 USD
9/19/2025285.26 USD
9/18/2025275.83 USD
9/17/2025274.71 USD
9/16/2025273.09 USD
9/15/2025274.40 USD
9/12/2025276.71 USD
9/11/2025282.73 USD
9/10/2025278.51 USD
9/9/2025279.97 USD
9/8/2025280.21 USD
9/5/2025282.51 USD
9/4/2025280.10 USD
9/3/2025283.85 USD
9/2/2025286.92 USD
8/29/2025288.01 USD
8/28/2025285.62 USD
8/27/2025287.97 USD
8/26/2025289.58 USD
8/25/2025288.47 USD
8/22/2025293.73 USD
8/21/2025295.76 USD
8/20/2025296.45 USD
8/19/2025295.55 USD
8/18/2025292.62 USD
8/15/2025296.48 USD
8/14/2025290.29 USD
8/13/2025289.33 USD
8/12/2025285.67 USD
8/11/2025285.09 USD
8/8/2025288.74 USD
8/7/2025284.70 USD
8/6/2025284.67 USD
8/5/2025298.50 USD
8/4/2025301.94 USD
Access this data via the Eulerpool API

Amgen Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
28.19 B USD
7.90 B USD
6.72 B USD
Jan 1, 2024
33.42 B USD
7.26 B USD
4.09 B USD
Jan 1, 2025
36.74 B USD
11.73 B USD
7.71 B USD
Jan 1, 2026 (e)
37.76 B USD
11.85 B USD
12.11 B USD
Jan 1, 2027 (e)
38.76 B USD
12.16 B USD
12.70 B USD
Jan 1, 2028 (e)
39.81 B USD
12.49 B USD
13.24 B USD
Jan 1, 2029 (e)
41.16 B USD
12.91 B USD
14.02 B USD
Jan 1, 2030 (e)
42.74 B USD
13.41 B USD
14.91 B USD

Amgen Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 3, 2026, 5:30 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
21.6622.9922.8523.7523.3625.4225.9826.3228.1933.4236.7437.7638.7639.8141.1642.74
7.976.14-0.623.93-1.628.832.181.327.0918.579.922.782.652.693.393.84
80.4981.9082.1982.7381.3575.7775.1675.6670.0261.5370.8070.8070.8070.8070.8070.80
17.4418.8318.7819.6519.0119.2719.5319.9219.7420.5726.0126.7327.4428.1829.1430.26
8.479.799.9710.949.679.147.649.577.907.2611.7311.8512.1612.4912.9113.41
39.1042.6043.6546.0641.4135.9529.4036.3428.0121.7131.9331.3731.3731.3731.3731.37
6.947.721.988.397.847.265.896.556.724.097.7112.1112.7013.2414.0214.91
34.5311.28-74.37324.15-6.58-7.37-18.8711.182.52-39.1188.5357.044.904.245.866.36
3.164.006.905.285.806.407.047.768.529.009.5210.0810.8911.77
3.6126.5872.50-23.489.8510.3410.0010.239.795.635.785.888.048.08
0.760.750.720.640.600.590.570.540.540.540.540.540.540.540.540.54
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Amgen generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Amgen retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Amgen's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Amgen has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Amgen's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Amgen stock margins

The Amgen margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Amgen. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Amgen.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
75.16 %
29.40 %
22.68 %
Jan 1, 2022
75.66 %
36.34 %
24.89 %
Jan 1, 2023
70.02 %
28.01 %
23.83 %
Jan 1, 2024
61.53 %
21.71 %
12.24 %
Jan 1, 2025
70.80 %
31.93 %
20.99 %
Jan 1, 2026 (e)
70.80 %
31.37 %
32.07 %
Jan 1, 2027 (e)
70.80 %
31.37 %
32.77 %
Jan 1, 2028 (e)
70.80 %
31.37 %
33.26 %

Amgen Stock Revenue, EBIT, Earnings per Share

The Amgen earnings per share therefore indicates how much revenue Amgen has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
45.98 USD
13.52 USD
10.43 USD
Jan 1, 2022
48.84 USD
17.75 USD
12.16 USD
Jan 1, 2023
52.20 USD
14.62 USD
12.44 USD
Jan 1, 2024
61.67 USD
13.39 USD
7.55 USD
Jan 1, 2025
67.66 USD
21.60 USD
14.20 USD
Jan 1, 2026 (e)
69.67 USD
21.82 USD
22.34 USD
Jan 1, 2027 (e)
71.52 USD
22.40 USD
23.44 USD
Jan 1, 2028 (e)
73.44 USD
23.00 USD
24.43 USD

Amgen business model & stock analysis

Amgen Inc. is a global biotechnology company focused on the development and production of pharmaceuticals. It was founded in 1980 by William K. Bowes Jr. and George B. Rathmann in Thousand Oaks, California/USA. The founders had the vision to create new treatment options for serious diseases such as cancer, autoimmune diseases, and osteoporosis. Amgen faced difficulties in its early days due to limited financial resources and setbacks in research. However, the company succeeded in developing the first recombinant therapeutic protein drug, Erythropoietin (EPO), and bringing it to the market. Today, Amgen has become one of the largest biotechnology companies in the world with over 24,000 employees worldwide. The company is known for its research and development work in oncology, kidney diseases, blood disorders, inflammation, and bone diseases. Amgen's business model involves investing in research and development to develop new drugs and commercialize them in global markets. The company follows a "biological platform" strategy, focusing on biotechnology products based on proteins and antibodies. Amgen has several product lines, including Biologics, Biosimilars, and Small Molecules. Biologics are protein-based drugs manufactured using living cells. Biosimilars are products that have similar structures to existing biologics. Small Molecules are chemically manufactured drugs. Some of Amgen's most well-known products include Epogen and Aranesp (both Erythropoietin-releasing hormones), Neulasta and Neupogen (both granulocyte colony-stimulating factors), Enbrel (a TNF inhibitor for the treatment of rheumatoid arthritis), Prolia and Xgeva (both Denosumab inhibitors for the treatment of osteoporosis), and Blincyto (a bispecific antibody against cancer). Amgen is also involved in cancer immunotherapy and has a range of medications in its portfolio, including a CAR-T immunotherapy used for certain forms of acute lymphoblastic leukemia (ALL). In addition, Amgen specializes in the development of biosimilars. In 2017, the company introduced six biosimilars to the market, including copies of Enbrel and Humira for the treatment of rheumatoid arthritis. Biosimilars have the potential to reduce the costs of patient treatment as they are typically cheaper than the original products. Furthermore, Amgen works closely with other companies and research institutions to develop innovative products and technologies. The company has numerous partnerships and licensing agreements with other companies in the biotech industry to accelerate its growth and expand its product pipeline. Overall, Amgen has successfully established itself as one of the leading biotechnology companies in the world. It is known for its innovative products, investments in research and development, and partnerships with other companies. With its wide product portfolio and commitment to producing high-quality biological products, Amgen will continue to play an important role in the healthcare industry.

Amgen SWOT Analysis

Strengths

Amgen Inc. possesses several strengths that contribute to its success in the biotechnology industry. These strengths include:

  • Strong research and development capabilities, allowing the company to innovate and develop cutting-edge biopharmaceutical products
  • Diverse portfolio of products, enabling Amgen to cater to various therapeutic areas and target a wide range of diseases
  • Global presence and established reputation, providing a competitive advantage and facilitating access to international markets
  • Solid financial performance, with consistent revenue growth and strong profitability
  • Robust intellectual property portfolio, safeguarding the company's innovations and providing a barrier to entry for competitors

Weaknesses

Despite its strengths, Amgen Inc. also faces certain weaknesses that may pose challenges to its growth and competitiveness:

  • Dependency on a limited number of blockbuster drugs, making the company vulnerable to patent expiration and generic competition
  • Reliance on external partnerships for some drug development programs, which may introduce uncertainties and potential conflicts of interest
  • Higher production costs compared to traditional pharmaceutical companies due to the complexity of biologics manufacturing processes
  • Occasional regulatory hurdles and legal disputes, leading to delays in product approvals and potential reputational damage

Opportunities

Amgen Inc. can capitalize on various opportunities in the biotechnology market to further enhance its position and drive growth:

  • Increasing demand for biologics and personalized medicine, presenting a significant market potential for Amgen's specialized products
  • Expanding into emerging markets, where there is a growing need for advanced healthcare solutions
  • Investing in research and development to explore new therapeutic areas and expand the company's product pipeline
  • Strategic acquisitions or collaborations to access complementary technologies or gain entry into new markets

Threats

Amgen Inc. must also navigate several threats that could negatively impact its operations and market position:

  • Intense competition from other biotechnology companies and traditional pharmaceutical giants
  • Potential price pressures and reimbursement challenges as payers seek to contain healthcare costs
  • Increasingly stringent regulatory requirements and evolving regulations that may impact product development and commercialization
  • Rapid technological advancements and potential disruption from biosimilars or other competitive innovations

Amgen Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Amgen Employees
Details
Date
Amgen Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Amgen Segments

Amgen Revenue by Segment (1/3)

  • 3 Years

  • Max

Product sales
Other revenues
Details
Date
Product sales
Other revenues
Jan 1, 2018
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
24.80 B USD
1.52 B USD
Jan 1, 2023
180.00 M USD
1.28 B USD
Jan 1, 2024
192.00 M USD
1.40 B USD
Jan 1, 2025
10.00 M USD
1.60 B USD

Amgen Revenue by Segment (2/3)

  • 3 Years

  • Max

Product sales
Other products
Prolia
Repatha
Otezla
ENBREL
EVENITY
XGEVA
TEPEZZA
Other revenues
BLINCYTO
Nplate
TEZSPIRE
KYPROLIS
Aranesp
KRYSTEXXA
Vectibix
Details
Date
Product sales
Other products
Prolia
Repatha
Otezla
ENBREL
EVENITY
XGEVA
TEPEZZA
Other revenues
BLINCYTO
Nplate
TEZSPIRE
KYPROLIS
Aranesp
KRYSTEXXA
Vectibix
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
24.30 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
1.68 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
848.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
5.26 B USD
4.05 B USD
1.64 B USD
2.19 B USD
3.70 B USD
1.16 B USD
2.11 B USD
448.00 M USD
0.00 USD
861.00 M USD
1.48 B USD
0.00 USD
1.40 B USD
1.36 B USD
272.00 M USD
984.00 M USD
Jan 1, 2024
0.00 USD
5.63 B USD
4.37 B USD
2.22 B USD
2.13 B USD
3.32 B USD
1.56 B USD
2.23 B USD
1.85 B USD
0.00 USD
1.22 B USD
1.46 B USD
972.00 M USD
1.50 B USD
1.34 B USD
1.19 B USD
1.05 B USD
Jan 1, 2025
0.00 USD
7.26 B USD
4.41 B USD
3.02 B USD
2.27 B USD
2.23 B USD
2.10 B USD
2.08 B USD
1.90 B USD
0.00 USD
1.56 B USD
1.52 B USD
1.48 B USD
1.41 B USD
1.39 B USD
1.34 B USD
1.18 B USD

Amgen Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • Max

Other
Details
Date
Other
Jan 1, 2018
295.00 M USD
Jan 1, 2019
1.16 B USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
0.00 USD
Jan 1, 2023
0.00 USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
0.00 USD

Amgen Revenue by Region

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

United States
ROW
Rest of the world (ROW)
Details
Date
United States
ROW
Rest of the world (ROW)
Jan 1, 2014
15.40 B USD
0.00 USD
4.67 B USD
Jan 1, 2015
17.17 B USD
4.50 B USD
0.00 USD
Jan 1, 2016
18.33 B USD
0.00 USD
4.67 B USD
Jan 1, 2017
18.03 B USD
4.82 B USD
0.00 USD
Jan 1, 2018
18.36 B USD
5.39 B USD
0.00 USD
Jan 1, 2023
19.81 B USD
8.38 B USD
0.00 USD
Jan 1, 2024
23.86 B USD
9.56 B USD
0.00 USD
Jan 1, 2025
26.42 B USD
10.33 B USD
0.00 USD

Amgen Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Amgen historical P/E ratio, EBIT multiple, and P/S ratio

Amgen annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Amgen shares outstanding

The number of shares of Amgen was 543 M in 2025. This indicates how many shares Amgen is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
565.00 M Stocks
Jan 1, 2022
539.00 M Stocks
Jan 1, 2023
540.00 M Stocks
Jan 1, 2024
542.00 M Stocks
Jan 1, 2025
543.00 M Stocks
Jan 1, 2026 (e)
543.00 M Stocks
Jan 1, 2027 (e)
543.00 M Stocks
Jan 1, 2028 (e)
543.00 M Stocks

Amgen stock splits

In Amgen's history, there have been no stock splits.

Amgen Dividend History

16 years of dividend payments · 7 consecutive increases

YearAnnual DividendYoY ChangePayments
20265.04USDYTD
Feb 13, 20262.52USD 5.9%1/2
May 15, 20262.52USD 0.0%2/2
20259.52USD 5.8%
Feb 14, 20252.38USD 5.8%1/4
May 16, 20252.38USD 0.0%2/4
Aug 22, 20252.38USD 0.0%3/4
Nov 21, 20252.38USD 0.0%4/4
20249.00USD 5.6%
20238.52USD 9.8%
20227.76USD 10.2%
20217.04USD 10.0%
20206.40USD 10.3%
20195.80USD 9.8%
20185.28USD 23.5%
20176.90USD 72.5%

Amgen dividend history and estimates

In 2025, Amgen paid a dividend amounting to 9.52 USD. Dividend means that Amgen distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
7.04 USD
0.00 USD
Jan 1, 2022
7.76 USD
0.00 USD
Jan 1, 2023
8.52 USD
0.00 USD
Jan 1, 2024
9.00 USD
0.00 USD
Jan 1, 2025
9.52 USD
0.00 USD
Jan 1, 2026 (e)
2.52 USD
7.56 USD
Jan 1, 2027 (e)
0.00 USD
10.89 USD
Jan 1, 2028 (e)
0.00 USD
11.77 USD

Amgen dividend payout ratio

In 2025, Amgen had a payout ratio of 67.04%. The payout ratio indicates the percentage of the company's profits that Amgen distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
67.50 %
Jan 1, 2022
63.84 %
Jan 1, 2023
68.49 %
Jan 1, 2024
119.27 %
Jan 1, 2025
67.04 %
Jan 1, 2026 (e)
45.11 %
Jan 1, 2027 (e)
46.47 %
Jan 1, 2028 (e)
48.17 %

Current Amgen forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
5.37 %
Buy
53.66 % (22)
Hold
39.02 % (16)
Sell
7.32 % (3)
12M Price Target
360.06
Last Price
385.16
Currency
USD
12M Return Potential
-6.52 %
LTM Return
0 %

Amgen Analyst Rating Actions

DateFirmActionRatingReliability
7/29/2026
Barclays
Barclays
MaintainedEqual Weight33
7/13/2026
UBS
UBS
MaintainedBuy51
7/13/2026
Guggenheim
Guggenheim
MaintainedNeutral30
7/8/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
7/7/2026
Truist Securities
Truist Securities
MaintainedHold
7/6/2026
Cantor Fitzgerald
Cantor Fitzgerald
MaintainedNeutral44
6/16/2026
Mizuho
Mizuho
MaintainedNeutral31
6/10/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
5/14/2026
Piper Sandler
Piper Sandler
MaintainedOverweight51
5/4/2026
Guggenheim
Guggenheim
MaintainedNeutral30

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Amgen Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/4/20265.72USD-9.62 BUSD-2026 Q2
4/30/20264.87USD-8.75 BUSD-2026 Q1
2/3/20264.81USD-9.65 BUSD-2025 Q4
4/25/20244.45USD-7.73 BUSD-2024 Q1
1/29/20244.71USD-8.29 BUSD-2023 Q4
8/2/20234.81USD-6.87 BUSD-2023 Q2
4/25/20234.56USD-6.57 BUSD-2023 Q1
2/6/20234.16USD-6.86 BUSD-2022 Q4
11/3/20224.53USD-6.66 BUSD-2022 Q3
8/4/20224.48USD-6.62 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Amgen stock

85/100
89
Environment
99
Social
67
Governance
E

Environment

20
Scope 1 - Direct Emissions147,000
Scope 2 - Indirect emissions from purchased energy128,000
Scope 3 - Indirect emissions within the value chain1,705,000
Total CO₂ emissions275,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees53
Percentage of women in management
Percentage of Asian employees20
Share of Asian management
Percentage of Hispanic/Latino employees23
Hispano/Latino Management share
Percentage of Black employees5
Black Management Share
Percentage of white employees48
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Amgen shareholder structure

% Name
8.69012%
BLACKROCK, INC.
BLACKROCK, INC.
6.46019%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
5.63625%
STATE STREET CORP
STATE STREET CORP
5.40375%
CAPITAL WORLD INVESTORS
CAPITAL WORLD INVESTORS
2.92178%
MORGAN STANLEY
MORGAN STANLEY
2.84696%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
...

Amgen Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
23.20%
Amgen Inc.
Amgen Inc.
SEC ↗
12.00%
6.0% (2)
6.0% (2)
SEC ↗
7.70%
Wyeth
Wyeth
SEC ↗
7.70%
MDP Holdings, Inc. ("MDP")
MDP Holdings, Inc. ("MDP")
SEC ↗
7.60%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
7.51%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
7.40%
Amgen Inc.             95-3540776
Amgen Inc.             95-3540776
SEC ↗
6.76%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
6.67%
1,905,698
1,905,698
SEC ↗
6.50%
95-3540776
95-3540776
SEC ↗

Amgen Executives and Management Board

21 members · avg. age 63 · 29 % women

RB

Mr. Robert Bradway (62)

Chairman of the Board, President, Chief Executive Officer · since 2007

24.43 M USD

Management

JB

Dr. James Bradner (53)

Executive Vice President - Research and Development and Chief Scientific Officer

14.91 M USD
MG

Mr. Murdo Gordon (58)

Executive Vice President - Global Commercial Operations

8.47 M USD
DR

Dr. David Reese (61)

Executive Vice President, Chief Technology Officer

8.13 M USD
PG

Mr. Peter Griffith (66)

Chief Financial Officer, Executive Vice President

7.81 M USD
JG

Mr. Jonathan Graham (64)

Executive Vice President, General Counsel, Secretary

7.24 M USD
ES

Mr. Esteban Santos (57)

Executive Vice President - Operations

7.21 M USD

Board of Directors

RE

Mr. Robert Eckert (70)

Lead Independent Director

450,067.00 USD
GG

Mr. Gregory Garland (67)

Independent Director

400,053.00 USD
CH

Mr. Charles Holley (68)

Independent Director

390,053.00 USD
SI

Dr. S. Omar Ishrak (69)

Independent Director

382,279.00 USD
EK

Ms. Ellen Kullman (69)

Independent Director

381,734.00 USD
MD

Dr. Michael Drake (74)

Independent Director

380,086.00 USD

Amgen Supply Chain

Amgen Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Cardinal Health, Inc.
Customer·Health Care Providers & Services·US
0.72
-0.62
0.75
0.88
0.90
0.56
0.85
2
Ono Pharmaceutical
Supplier·Customer·Pharmaceuticals·JP
0.72
0.69
0.51
0.81
0.53
0.42
0.61
#Nameβ 1YTrend
1
American Renal Associates Holdings Inc
Customer·US
0.96
0.82
-0.20
0.57
2
Roche Holding AG
Customer
0.96
-0.74
0.22
-0.18
-0.18
3
Ono Pharmaceutical Co., Ltd.
Customer
0.86
0.74
4
Bayer Aktiengesellschaft
Customer
0.84
0.11
0.85
0.79
0.75
5
Novartis AG
Customer
0.81
-0.59
-0.46
-0.08
-0.07

Frequently asked questions about Amgen

Amgen Inc is a leading biotechnology company with a strong business model focused on discovering, developing, and delivering innovative human therapeutics. The company operates through two main segments: Amgen's innovative medicines segment and its biosimilars segment. Amgen's innovative medicines segment focuses on the development and commercialization of innovative products in the areas of oncology, cardiovascular disease, inflammation, bone health, and neuroscience. The biosimilars segment aims to offer more affordable alternatives to existing biological therapies. With a commitment to research and development, Amgen Inc continually strives to address unmet medical needs and improve patients' lives.

Amgen Inc is primarily active in the biotechnology industry.

The main competitors of Amgen Inc in the market are Johnson & Johnson, Novartis AG, Pfizer Inc, and Roche Holding AG.

Amgen Inc. is a biotechnology company that was founded in 1980. It has its headquarters in Thousand Oaks, California. The company specializes in developing and manufacturing human therapeutics. Amgen Inc. has a rich history of groundbreaking innovations and advancements in the field of biotechnology. It has introduced numerous successful drugs and therapies, including Epogen, Neupogen, and Enbrel, which have had a significant impact on the treatment of various diseases. Amgen Inc. has grown into one of the largest biotechnology companies globally and continues to strive for advancements in medical science to improve patients' lives.

Amgen Inc has achieved several significant milestones throughout its history. It pioneered the development and commercialization of biotechnology-based medicines, leading to groundbreaking treatments for various diseases. Notably, Amgen's introduction of Epogen revolutionized the treatment of anemia in patients with chronic kidney disease. The company also played a crucial role in advancing the science of targeted therapies with the launch of drugs like Neulasta and Neupogen, enhancing cancer patient care. Additionally, Amgen has expanded its portfolio with innovative drugs addressing osteoporosis, psoriasis, and migraine prevention. Through continuous research and advancements, Amgen Inc remains at the forefront of biopharmaceutical innovation.

Amgen Inc is primarily present in the United States, with its headquarters located in Thousand Oaks, California. The company also has a significant presence in various other countries and regions including Europe, Canada, Japan, and Australia. With a global reach, Amgen Inc operates in many key markets worldwide, leveraging its expertise and innovative portfolio of biopharmaceutical products to improve patients' lives.

Amgen Inc represents values such as integrity, excellence, and a commitment to patients. The corporate philosophy of Amgen focuses on innovative science, delivering life-changing medicines, and addressing unmet medical needs. Amgen aims to improve the health and well-being of individuals worldwide through their cutting-edge research and development efforts. With a strong emphasis on scientific rigor, ethical practices, and patient-centered approach, Amgen is dedicated to pioneering breakthrough therapies to advance medical care and make a positive impact on society.

Analysts currently set an average price target of 360.25 USD for the Amgen stock (median: 360.06 USD), implying -6.5 % versus the latest price. The consensus is based on 41 analyst ratings.

42 analysts currently rate the Amgen stock: 21 recommend buying, 18 holding and 3 selling. For 2026, analysts expect Amgen to generate revenue of 37.76 B USD and earnings per share of 22.30 USD.

Converted at the current exchange rate, the Amgen share trades at 329.86 EUR (380.62 USD).

The Amgen share (AMGN) is listed on 10 stock exchanges, including: NASDAQ (AMGN), XETRA (AMG.DE), Frankfurt (AMG.F), München (AMG.MU), Düsseldorf (AMG.DU), Hamburg (AMG.HM), London (0R0T.L), SIX (Zürich) (AMGN.SW).

Amgen Inc. is a biotechnology company that focuses on the development, manufacturing, and marketing of biopharmaceuticals. The company was founded in 1980 and is headquartered in Thousand Oaks, California. Amgen is a key player in the biotechnology field with over 21,000 employees worldwide. Amgen has several divisions, including oncology, hematology, nephrology, bone metabolism, and inflammation. In oncology, Amgen offers various drugs for the treatment of cancer, including Blincyto, Vectibix, and Neulasta. In hematology, the company has developed Aranesp and Epogen for the treatment of anemia. Additionally, Amgen also offers various products for the treatment of kidney diseases such as Sensipar and Parsabiv. In the field of bone metabolism, Amgen provides medications for the treatment of osteoporosis, such as Prolia and Xgeva. In the field of inflammation, Amgen has developed Enbrel for the treatment of rheumatoid arthritis and other inflammatory diseases. Amgen also holds a significant position in the biosimilars market. Biosimilars are imitations of biological drugs that are already on the market. They allow patients to access more affordable treatment options while still providing the same effectiveness and safety as the original product. Amgen has several biosimilars on the market, including Amgevita and Mvasi. Amgen's business model is based on the development of new biopharmaceuticals and biosimilars. The company invests significant financial resources in research and development to create innovative products that aim to improve the health and well-being of patients. Amgen also collaborates closely with other companies and research institutions to find creative solutions for medical challenges. To implement its business model, Amgen has built a global network of production and distribution centers to distribute its products worldwide. The company also has a team of disease-fighting experts, as well as researchers and engineers who work closely together to develop and improve new products. Overall, Amgen has a strong business model based on the development of biopharmaceuticals and biosimilars. The company produces high-quality products to enhance the health of patients worldwide. With a dedicated team of professionals focusing on research, development, and disease-fighting, Amgen is well-positioned to continue creating innovative solutions for medical challenges and expanding its market share.

The expected revenue of Amgen is 37.76 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Amgen is 12.11 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Amgen is currently 17.07. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Amgen stock.

The price-to-sales ratio (P/S) of Amgen is currently 5.47. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Amgen stock.

The Eulerpool Quality Score for Amgen is 6/10.

The ISIN of Amgen is US0311621009. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Amgen is 867900. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Amgen is AMGN. The ticker symbol is used to trade Amgen shares on the stock exchange.

Over the past 12 months, Amgen paid a dividend of 9.52 USD . This corresponds to a dividend yield of about 2.50 %. For the coming 12 months, Amgen is expected to pay a dividend of 10.89 USD.

The current dividend yield of Amgen is 2.50 %.

Amgen pays a dividend, distributed in the months of , , , .

Amgen paid dividends every year for the past 15 years.

For the upcoming 12 months, dividends amounting to 10.89 USD are expected. This corresponds to a dividend yield of 2.83 %.

Amgen is assigned to the 'Health' sector.

To receive the latest dividend of Amgen from amounting to 2.52 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Amgen distributed 9.13 USD as dividends.

The dividends of Amgen are distributed in USD.

All fundamentals and in-depth analysis of Amgen

Our stock analysis for Amgen stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Amgen. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.