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Incyte Corp (INCY)

Incyte Corp brought in $6B of revenue over the twelve months to September 30, 2026, up 24.9% from a year earlier. Net income was $403.4M, a net margin of 6.7%. At September 30, 2026 it held $3.3B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.

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Price
$119.80
-1.72% on the day · November 10, 2026
52-week range $89.25 to $132.60
Market cap
$24.3B
Revenue (last 12 months)
$6B
+24.9% year on year
Net margin
6.7%
P/E
18.7
on FY2025 diluted EPS

Key facts about Incyte Corp

Net worth
Incyte Corp has a market value (market cap) of $24.3B at the latest share price, and shareholders' equity of $5.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $5.1B (+21.2% year on year), with net income of $1.3B. Over the 12 months to September 30, 2026: revenue $6B, net income $403.4M.
Cash flow
In fiscal 2025 operations brought in $1.4B of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Incyte Corp's next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Incyte Corp does

Incyte Corp is registered with the SEC under industry code SIC 8731 (Services-Commercial Physical & Biological Research). Its shares trade on NASDAQ under the ticker INCY.

Revenue and profit by year

Revenue
FY18: $1.9B $1.9B FY18FY19: $2.2B $2.2B FY19FY20: $2.7B $2.7B FY20FY21: $3B $3B FY21FY22: $3.4B $3.4B FY22FY23: $3.7B $3.7B FY23FY24: $4.2B $4.2B FY24FY25: $5.1B $5.1B FY25
Net income
FY18: $109.5M $109.5M FY18FY19: $446.9M $446.9M FY19FY20: -$295.7M -$295.7M FY20FY21: $948.6M $948.6M FY21FY22: $340.7M $340.7M FY22FY23: $597.6M $597.6M FY23FY24: $32.6M $32.6M FY24FY25: $1.3B $1.3B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$5.1B$1.5B$1.3B$6.41n/a
2024$4.2B$61.4M$32.6M$0.15n/a
2023$3.7B$620.5M$597.6M$2.65n/a
2022$3.4B$579.4M$340.7M$1.52$892.1M
2021$3B$585.8M$948.6M$4.27$568.5M
2020$2.7B-$263.7M-$295.7M-$1.36-$312M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 9, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 10, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where INCY ranks in Health care

Revenue$5.1B
#65 of 751 in Health care · Top 9%
Revenue growth+21.2%
#175 of 532 in Health care · Top 33%
Net margin25.0%
#52 of 544 in Health care · Top 9%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Incyte Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 29, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 14% to $1.6B versus the same quarter last year; diluted EPS -$3.86 versus $2.11.
  2. October 29, 2026
  3. August 31, 2026
  4. July 28, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 38% to $1.7B versus the same quarter last year; diluted EPS $2.81 versus $2.04.
  5. July 28, 2026
  6. July 6, 2026
  7. June 22, 2026
  8. June 9, 2026
  9. June 8, 2026
  10. May 27, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 6, 2026. Insider transactions on SEC

Insider trades

What the people running Incyte Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $4.5M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$4.5M
last 90 days
Net sold
37,271
$4.5M
DateInsiderWhatSharesPriceValueFiling
November 3, 2026 Tray ThomasPrincipal Accounting Officer Soldpre-planned (10b5-1) 610 $118.96 $72.6K Form 4
October 15, 2026 Cagnoni Pablo JPresident, Global Head of R&D Exercised options 839 $71.93 $60.3K Form 4
October 15, 2026 Cagnoni Pablo JPresident, Global Head of R&D Exercised options 423 $61.76 $26.1K Form 4
October 15, 2026 Cagnoni Pablo JPresident, Global Head of R&D Exercised options 455 $61.18 $27.8K Form 4
October 15, 2026 Cagnoni Pablo JPresident, Global Head of R&D Exercised options 925 $64.25 $59.4K Form 4
October 15, 2026 Cagnoni Pablo JPresident, Global Head of R&D Soldpre-planned (10b5-1) 2,642 $112.71 $297.8K Form 4
October 1, 2026 Heeson LeeEVP, Head of Incyte Intl Shares withheld for tax 463 $117.14 $54.2K Form 4
September 30, 2026 Harrigan EdmundDirector Received as pay 206 $121.35 $25K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns INCY

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Felix J. Baker13D, may seek influence with 6 related filers 15.6% 31,225,572 May 11, 2026
Incyte Corp13G, passive 9.9% 4,372,124 November 7, 2025
Vanguard Capital Management13G, passive 6.32% 12,591,630 April 30, 2026
Dodge & Cox13G, passive 6.2% 12,252,356 May 14, 2026

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 858 managers reported a position.

HolderSharesValueChange on quarter
Baker Bros. Advisors LP30,762,330$3.49B+17,918
BlackRock, Inc.18,032,718$2.04B-945,480
Dodge & Cox11,957,326$1.36B-295,030
Vanguard Capital Management LLC11,024,289$1.25B+94,223
State Street Corp9,722,336$1.1B+80,952
Vanguard Portfolio Management LLC7,791,091$883.2M+31,908
Aqr Capital Management LLC5,320,901$603.2M-487,029
Geode Capital Management, LLC4,750,735$536.5M+47,551
Invesco Ltd.4,080,461$462.6M+209,697
Wellington Management Group Llp3,575,521$405.3M+309,385
Renaissance Technologies LLC3,512,132$398.1M-139,400
Morgan Stanley2,948,364$334.2M+98,036
Arrowstreet Capital, Limited Partnership2,744,958$311.2M-85,841
Robeco Institutional Asset Management B.V.2,441,735$276.8M-72,648
Goldman Sachs Group Inc2,305,782$261.4M-45,439
Dimensional Fund Advisors LP2,280,803$258.6M+305,259
Two Sigma Investments, LP2,003,559$227.1M+1,587,645
Northern Trust Corp1,761,966$199.7M-87,760
Charles Schwab Investment Management Inc1,692,439$191.9M-36,663
Legal & General Group Plc1,605,980$182.1M+62,792

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

22 insiders reported holding 29,390,021 shares in total, about $3.52B at the last price.

HolderSharesAs of
Baker Bros. Advisors LPDirector, 10% owner 28,206,08228,206,082 held indirectly September 30, 2026
Hoppenot HerveDirector 326,803 December 8, 2025
Cagnoni Pablo JPresident, Global Head of R&D 183,200 October 15, 2026
Meury WilliamChief Executive Officer, Director 183,129 July 16, 2026
Issa Mohamed KhairieEVP, Head of U.S. Commercial 71,797 July 16, 2026
Mayes Patrick AEVP & Chief Scientific Officer 61,441 August 5, 2026
Heeson LeeEVP, Head of Incyte Intl 37,578 October 1, 2026
Morrissey Michael JamesEVP, Head of Tech. Operations 34,065 February 2, 2026
Stein Steven HCMO & Head of Late-Stage Dev. 30,916 July 16, 2026
Denton Sheila A.EVP & General Counsel 26,569 November 17, 2025

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about INCY

What does Incyte Corp do?

Incyte Corp is a company in the Health care sector, listed on NASDAQ as INCY. Its shares trade on NASDAQ under the ticker INCY.

What is Incyte Corp's net worth?

Incyte Corp has a market value (market cap) of $24.3B at the latest share price, and shareholders' equity of $5.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Incyte Corp profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $403.4M on revenue of $6B, a net margin of 6.7%.

How much revenue does Incyte Corp make?

Over the twelve months to September 30, 2026 Incyte Corp reported revenue of $6B. That is 24.9% more than a year earlier.

When did Incyte Corp last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 6, 2026.

When is Incyte Corp's next earnings report?

Incyte Corp's next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Incyte Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.