Flagship explainer

How Amgen Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$36.8B · 100%Cost of revenue$12.0B · 33%Gross profit$24.7B · 67%Operating income$9.1B · 25%Income before tax$9.0B · 24%Income tax$1.3B · 3%Net income$7.7B · 21%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$36.8B100%
Cost of revenue$12.0B33%
$24.7B67%
$9.1B25%
Income before tax$9.0B24%
Income tax$1.3B3%
$7.7B21%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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