Biogen Inc. stock research
FY2025 Q2
Biogen (BIIB) Gross Margin — Quarter Ended Jun 30, 2025
Gross profit is revenue less cost of revenue, and gross margin is gross profit as a share of revenue. In the current quarter, revenue and gross profit rose compared to the prior quarter while cost of revenue declined, resulting in a higher gross margin; versus the same quarter a year earlier, revenue was slightly higher but cost of revenue increased more, causing gross margin to edge lower.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Gross profit is revenue less cost of revenue, and gross margin is gross profit as a share of revenue. In the current quarter, revenue and gross profit rose compared to the prior quarter while cost of revenue declined, resulting in a higher gross margin; versus the same quarter a year earlier, revenue was slightly higher but cost of revenue increased more, causing gross margin to edge lower.
- The most observable driver of the gross margin change was the movement in cost of revenue relative to revenue. Sequentially, cost of revenue decreased while revenue increased, expanding the margin; year-over-year, cost of revenue grew faster than revenue, slightly compressing the margin.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened slightly.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.1%
Gross profit
$2.0B
Revenue
$2.6B
Cost of revenue
$605.0M
Quarter-over-quarter change
+3.0 pts
Year-over-year change
-0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $2.5B | $1.8B | $638.7M | 74.1% |
| Dec 31, 2024 | $2.5B | $1.9B | $583.5M | 76.2% |
| Mar 31, 2025 | $2.4B | $1.8B | $629.3M | 74.1% |
| Jun 30, 2025 | $2.6B | $2.0B | $605.0M | 77.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+3.0 pts
Year-over-year change
Jun 30, 2024
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of the gross margin change was the movement in cost of revenue relative to revenue. Sequentially, cost of revenue decreased while revenue increased, expanding the margin; year-over-year, cost of revenue grew faster than revenue, slightly compressing the margin.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened slightly.
Monitor the trend in cost of revenue, as it showed divergent movements relative to revenue both sequentially and year-over-year.