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VRTX.NASDAQ
Vertex Pharmaceuticals Incorporated
Health Care · Biotechnology

Global biotechnology company investing in scientific innovation to create transformative medicines for serious diseases.

HQ: United StatesListed: United States

Profile & Fundamentals

Vertex Pharmaceuticals Incorporated: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Vertex Pharmaceuticals Incorporated Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

Vertex Pharmaceuticals Incorporated operates as a biotechnology company in the United States, Europe, and internationally. The company offers transformative medicines for people with serious diseases with a focus on specialty markets, such as cystic fibrosis (CF), sickle cell disease (SCD), transfusion dependent beta thalassemia (TDT), and acute pain. It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age and older; ALYFTREK for the treatment for people with CF 6 years of age and older; SYMDEKO/SYMKEVI for treatment of patients with CF 6 years of age and older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 month or older who have CF with ivacaftor. The company also develops CASGEVY for the treatment of SCD and TDT; JOURNAVX for the treatment of acute pain in adults; VX-522, a CFTR mRNA therapeutic designed to treat the underlying cause of CF, which is in Phase 1/2 clinical trial; inaxaplin for the treatment of APOL1-mediated kidney disease, which is in single Phase 2 trial; VX-264 for treating Type 1 Diabetes; VX-670 for the treatment of myotonic dystrophy type 1; and VX-407, a small molecule corrector for the treatment of autosomal dominant polycystic kidney disease. In addition, the company also operates as a clinical-stage pharmaceutical company, that focuses on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. The company sells its products primarily to specialty pharmacy and distributors, wholesalers, retail pharmacies, hospitals, and clinics. Vertex Pharmaceuticals Incorporated has a strategic collaboration with AbCellera Biologics Inc. to research, develop, manufacture, and commercialize multispecific T-cell engagers (TCEs) for autoimmune diseases and other conditions. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.

VRTX.NASDAQ

Company profile record

Vertex Pharmaceuticals Inc

Common Stock · Health Care · Biotechnology

Official website

Company

Company / asset
Vertex Pharmaceuticals Inc
Security type
Common Stock
Sector
Health Care
Industry
Biotechnology
HQ
🇺🇸 United States
Head office
50 Northern Avenue, Boston, MA, United States, 02210

Leadership & scale

Chief executive
Dr. Reshma Kewalramani FASN, M.D.
CEO year born
1973
Full-time employees
6.4K
Fiscal year end
December
IPO date
1991-07-24

Fundamentals snapshot

Updated 2026-09-27
Market Cap
USD 128.4B
P/E
29.2x
Revenue (Q2 26)
USD 3.3B
Profit (Q2 26)
USD 1.1B
Dividend Yield
--
Revenue (FY 25)
USD 12.1B
Shares in public float
252.7M
Insider ownership
0.21%

Reporting & identifiers

Symbol
VRTX.NASDAQ
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US92532F1003
Asset ID
equity_04a23db8-2e99-574a-9503-5df65650e440

Ownership

Shares Outstanding

Latest: 255.7M | Max: 263.1M | Min: 255.7M

Shares Outstanding
331.5M248.6M165.8M82.9M0.00
255.7M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

98.82%

252.7M latest reported shares

Insider Ownership

0.21%

Latest reported insider stake

Short Float

0.02%

Latest reported short interest / float

Top Holders

Top 5 concentration: 38.91%
Capital World Investors
institution
Filed 2026-06-30 • Change +746.9K (+2.94%)
10.30%(26.1M shares)
BlackRock Inc
institution
Filed 2026-03-31 • Change +217.5K (+0.92%)
9.46%(24.0M shares)
Capital Research Global Investors
institution
Filed 2026-06-30 • Change -1.6M (-7.74%)
7.69%(19.5M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +16.5M (0.00%)
6.51%(16.5M shares)
American Funds Growth Fd of Amer A
fund
Filed 2026-06-30 • Change -1.4M (-9.98%)
4.95%(12.5M shares)
State Street Corp
institution
Filed 2026-03-31 • Change +40.6K (+0.35%)
4.63%(11.7M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -15.5K (-0.19%)
3.18%(8.1M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01256,804,000
2018-01-01259,812,000
2019-01-01262,108,000
2020-01-01263,106,000
2021-01-01257,000,000
2022-01-01260,300,000
2023-01-01260,900,000
2024-01-01260,500,000
2025-01-01256,100,000
2026-01-01255,700,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
Capital World Investors26,115,01410.3%2026-06-30
BlackRock Inc23,969,5179.46%2026-03-31
Capital Research Global Investors19,490,6377.69%2026-06-30
Vanguard Capital Management, LLC16,512,8106.51%2026-03-31
American Funds Growth Fd of Amer A12,542,5104.95%2026-06-30
State Street Corp11,730,1394.63%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest8,067,1703.18%2026-08-31
Amvescap Plc.7,892,6113.11%2026-03-31
JPMorgan Chase & Co7,033,1562.77%2026-03-31
Vanguard 500 Index Investor6,743,1782.66%2026-08-31
American Funds Invmt Co of Amer A6,269,1422.47%2026-06-30
Geode Capital Management, LLC6,139,6212.42%2026-03-31
American Funds American Balanced A5,558,3572.19%2026-06-30
Invesco QQQ Trust5,460,0452.15%2026-08-31
Vanguard Portfolio Management, LLC5,145,6092.03%2026-03-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The company's earnings engine has rebounded strongly from 2024 accounting distortions, when the upfront four-point-nine billion dollar purchase of Alpine Immune Sciences caused a temporary reported loss. In fiscal 2025, revenue grew near ten percent to twelve billion dollars, while operating profit normalized at four-point-eight billion dollars. Recent results through mid-2026 demonstrate steady momentum, with quarterly sales advancing twelve percent year-over-year. However, headline sales growth conceals an important operational shift: adjusted earnings grew only five percent last quarter. Heavy marketing investments for new drug launches and substantial discounting for acute pain prescriptions have absorbed initial revenue gains. While free cash flow of nearly four billion dollars confirms outstanding underlying health, profit growth will remain moderate until new therapies achieve commercial scale.

Revenue, Net Income, and Free Cash Flow

Latest: USD 12.1B | Max: USD 12.1B | Min: USD -790.3M

RevenueFree Cash FlowNet Income
USD 15.4BUSD 11.0BUSD 6.5BUSD 2.1BUSD 0.00USD -2.3B
12.1B
3.2B
4.0B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 29x

31x23x15x8x0x
29x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability remains among the highest across the global healthcare sector, underpinned by remarkable pricing power. Gross profit margins consistently hold near eighty-five percent, as manufacturing small-molecule pills requires very low variable production costs. Operating margins recovered to nearly forty percent in fiscal 2025 once acquisition accounting rolled off, demonstrating the immense cash generation of core medicines. Going forward, margin expansion faces competing forces. Transitioning patients to Alyftrek reduces third-party royalty payments, creating an underlying gross margin benefit. However, building commercial sales forces to launch therapies in crowded hospital pain and nephrology markets inflates selling overhead. Operating margins will likely remain near forty percent as commercial expansion expenses absorb initial royalty savings.

Profitability Margins

Latest: 85.0% | Max: 88.9% | Min: -6.6%

Gross MarginOperating MarginNet Margin
113.8%80.8%47.9%14.9%0.0%-18.0%
85.0%
39.4%
32.7%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

85.0%

Gross profit / revenue

Operating Margin

39.4%

Operating income / revenue

Net Margin

32.7%

Net income / revenue

FCF Margin

26.5%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-311,702,177,000-112,052,000179,540,000
2017-12-312,488,652,000263,484,000585,521,000
2018-12-313,047,597,0002,096,896,0001,174,762,000
2019-12-314,162,821,0001,176,810,0001,493,879,000
2020-12-316,205,683,0002,711,700,0002,993,705,000
2021-12-317,574,400,0002,342,100,0002,408,500,000
2022-12-318,930,700,0003,322,000,0003,925,200,000
2023-12-319,869,200,0003,619,600,0003,278,900,000
2024-12-3111,020,100,000-535,600,000-790,300,000
2025-12-3112,074,600,0003,953,200,0003,193,800,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3129.37Trailing four quarters
2023-12-3129.33Trailing four quarters
2022-12-3122.63Annual net income
2021-12-3124.1Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3187.640.58-6.5810.55
2017-12-3188.954.9510.5923.53
2018-12-3186.5620.8468.838.55
2019-12-3186.8428.7728.2735.89
2020-12-3188.1446.0343.748.24
2021-12-3188.0636.7330.9231.8
2022-12-3187.948.2337.243.95
2023-12-3187.2138.8336.6833.22
2024-12-3186.11-2.11-4.86-7.17
2025-12-3185.0339.4332.7426.45

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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