How Eli Lilly makes money

Period

FY2025

How does Eli Lilly make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Eli Lilly and Company · FY2025 · year ended 2025-12-31

Revenue$65.2BGross profit$54.1B · 83%Cost of revenue$11.1B · 17%Operating income$29.7B · 46%Operating expenses$24.4B · 37%R&D$13.3B · 20%SG&A$11.1B · 17%Pre-tax income$25.7B · 39%Other expense$4.0B · 6%Net income$20.6B · 32%Income tax$5.1B · 8%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.