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Biogen Inc. (BIIB) Operating Margin: 19.14%

Is Biogen Inc.’s operating margin high or low?

Biogen Inc.'s operating margin of 19.14% is 26% below its 5-year average of 25.70%, near the low end of its 5-year range (19.14%–34.16%).

The operating margin for Biogen Inc. (BIIB) is 19.14% as of Tuesday, June 9, 2026. It is below its 12-month average by 14.71% (22.44%).

BIIB Operating Margin Chart

BIIB Operating Margin
19.14%-25.64% 1Y
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BIIB Average Operating Margin Chart

BIIB Current vs Average Operating Margin Chart

BIIB Operating Margin Metrics

OPERATING MARGIN

19.14%

OPERATING MARGIN AVG TTM

22.44%

OPERATING MARGIN AVG 3Y

23.65%

OPERATING MARGIN AVG 5Y

25.70%

OPERATING MARGIN AVG 10Y

34.63%

OPERATING MARGIN AVG 15Y

34.51%

OPERATING MARGIN AVG 20Y

31.72%

CURRENT VS TTM AVG

-14.71%

CURRENT VS 3Y AVG

-19.07%

CURRENT VS 5Y AVG

-25.52%

CURRENT VS 10Y AVG

-44.73%

CURRENT VS 15Y AVG

-44.53%

CURRENT VS 20Y AVG

-39.66%

BIIB Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Biogen Inc. (BIIB)19.14%22.44%23.65%25.70%
DexCom, Inc. (DXCM)$30.17B19.56%17.22%16.09%15.13%
IQVIA Holdings Inc. (IQV)$31.09B14.02%14.15%13.50%11.74%
Veeva Systems Inc. (VEEV)$27.37B28.68%26.93%23.33%24.40%
Centene Corporation (CNC)$32.69B-3.91%-0.98%0.21%0.84%
Zoetis Inc. (ZTS)$34.46B38.00%37.33%36.70%36.14%
Waters Corporation (WAT)$24.19B28.22%28.07%28.30%28.33%
Mettler-Toledo International Inc. (MTD)$23.50B27.78%28.45%28.53%27.71%
BioNTech SE (BNTX)$21.87B-22.63%-35.20%5.18%14.03%
Agilent Technologies, Inc. (A)$38.26B21.29%22.07%21.88%20.79%

Operating Efficiency

Gross Margin

70.5%

Operating Margin

19.1%

Biogen Inc. Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Biogen Inc. Operating Margin FAQ

What is the operating margin for Biogen Inc. (BIIB)?
The operating margin for BIIB stock is 19.14%.
Is Biogen Inc.'s operating margin high or low?
Biogen Inc.'s operating margin of 19.14% is 26% below its 5-year average of 25.70%, near the low end of its 5-year range (19.14%–34.16%).
What is the TTM average operating margin for Biogen Inc. (BIIB)?
The TTM average operating margin for BIIB stock is 22.44%.
What is the 3Y average operating margin for Biogen Inc. (BIIB)?
The 3Y average operating margin for BIIB stock is 23.65%.
What is the 5Y average operating margin for Biogen Inc. (BIIB)?
The 5Y average operating margin for BIIB stock is 25.70%.
What is the 10Y average operating margin for Biogen Inc. (BIIB)?
The 10Y average operating margin for BIIB stock is 34.63%.
What is the 15Y average operating margin for Biogen Inc. (BIIB)?
The 15Y average operating margin for BIIB stock is 34.51%.
What is the 20Y average operating margin for Biogen Inc. (BIIB)?
The 20Y average operating margin for BIIB stock is 31.72%.

Biogen Inc. Operating Margin History

DATEOPERATING MARGIN
2025-12-3119.14%
2024-12-3125.74%
2023-12-3121.32%
2022-12-3128.40%
2021-12-3125.42%
2020-12-3134.16%
2019-12-3148.98%
2018-12-3143.77%
2017-12-3143.55%
2016-12-3145.00%
2015-12-3145.44%
2014-12-3140.94%
2013-12-3136.29%
2012-12-3133.34%
2011-12-3134.16%
2010-12-3126.48%
2009-12-3129.59%
2008-12-3129.62%
2007-12-3124.59%
2006-12-3116.40%
2005-12-3113.77%
2004-12-312.72%
2003-12-31-467.23%
2002-12-3152.91%
2001-12-3134.56%
2000-12-3135.47%
1999-12-3139.81%
1998-12-3134.19%
1997-12-3134.32%
1996-12-3114.73%

About Biogen Inc.

Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

Cambridge, MA
7,605 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Christopher A. Viehbacher