Vertex Pharmaceuticals Financial Statements
NASDAQ: VRTXHealth CareBiotechnology: Pharmaceutical PreparationsUSD
Market open · Delayed 15 min · as of Oct 9, 2:17 PM ET
Vertex Pharmaceuticals revenue and earnings
In fiscal 2025, Vertex Pharmaceuticals generated $12.00 billion in revenue, up 8.9% from fiscal 2024, its 11th consecutive year of revenue growth. Net income was $3.95 billion, for a net margin of 32.9% versus a median of 36.7% in the prior 5 years. Gross margin was 86.2% (up from 86.1%) and operating margin 34.8%.
Diluted earnings per share came in at $15.32. Over the last 5 fiscal years, VRTX's revenue has grown at a 14.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Vertex Pharmaceuticals income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.00B | 11.02B | 9.87B | 8.93B | 7.57B | 6.21B | 4.16B | 3.05B | 2.49B | 1.70B |
| Revenue growth (YoY) | +8.90% | +11.66% | +10.51% | +17.91% | +22.06% | +49.08% | +36.59% | +22.46% | +46.20% | +64.89% |
| Cost of Revenue | 1.65B | 1.53B | 1.26B | 1.08B | 904.20M | 736.30M | 547.80M | 409.54M | 275.12M | 210.46M |
| Gross Profit | 10.35B | 9.49B | 8.61B | 7.85B | 6.67B | 5.47B | 3.62B | 2.64B | 2.21B | 1.49B |
| Operating Expenses | 6.18B | 9.72B | 4.78B | 3.54B | 3.89B | 2.61B | 2.42B | 2.00B | 2.09B | 1.48B |
| Research & Development | 3.91B | 3.63B | 3.16B | 2.54B | 3.05B | 1.83B | 1.75B | 1.42B | 1.32B | 1.05B |
| Selling, General & Admin | 1.75B | 1.46B | 1.14B | 944.70M | 840.10M | 770.50M | 658.50M | 557.62M | 496.08M | 432.83M |
| Operating Income | 4.17B | -232.90M | 3.83B | 4.31B | 2.78B | 2.86B | 1.20B | 635.15M | 123.24M | 9.94M |
| Interest Expense | 13.30M | 30.60M | 44.10M | 54.80M | — | 58.15M | 58.50M | 72.47M | 69.30M | — |
| Other Income (Expense) | -7.70M | -86.10M | -22.80M | -164.80M | 4.90M | 296.60M | 192.20M | -790.00K | -81.38M | 4.13M |
| Pretax Income | 4.64B | 248.50M | 4.38B | 4.23B | 2.73B | 3.12B | 1.39B | 600.24M | -15.69M | -67.37M |
| Income Tax | 690.00M | 784.10M | 760.20M | 910.40M | 388.30M | 405.20M | 218.10M | -1.49B | -107.32M | 16.66M |
| Net Income | 3.95B | -535.60M | 3.62B | 3.32B | 2.34B | 2.71B | 1.18B | 2.10B | 263.48M | -112.05M |
| Net Income growth (YoY) | — | -114.80% | +8.96% | +41.84% | -13.63% | +130.43% | -43.88% | +695.83% | — | — |
| EPS (Basic) | 15.46 | -2.08 | 14.05 | 12.97 | 9.09 | 10.44 | 4.58 | 8.24 | 1.06 | -0.46 |
| EPS (Diluted) | 15.32 | -2.08 | 13.89 | 12.82 | 9.01 | 10.29 | 4.51 | 8.09 | 1.04 | -0.46 |
| Shares Outstanding (Basic) | 255.70M | 257.90M | 257.70M | 256.10M | 257.70M | 259.80M | 256.70M | 254.29M | 248.86M | 244.69M |
| Shares Outstanding (Diluted) | 258.00M | 257.90M | 260.50M | 259.10M | 259.90M | 263.40M | 260.70M | 259.19M | 253.22M | 244.69M |
| EBITDA | 4.38B | -25.70M | 4.01B | 4.46B | 2.91B | 2.97B | 1.30B | 707.57M | 184.64M | 71.33M |
| Gross Margin | 86.24% | 86.11% | 87.21% | 87.90% | 88.06% | 88.14% | 86.84% | 86.56% | 88.95% | 87.64% |
| Operating Margin | 34.77% | -2.11% | 38.83% | 48.23% | 36.73% | 46.03% | 28.77% | 20.84% | 4.95% | 58.00% |
| Net Margin | 32.94% | -4.86% | 36.68% | 37.20% | 30.92% | 43.70% | 28.27% | 68.80% | 10.59% | -6.58% |
This table shows 10 annual periods of Vertex Pharmaceuticals's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VRTX's reporting calendar. What is a income statement?