How did Moderna, Inc.'s revenue change from 2021 to 2022?

Moderna, Inc. revenue grew from $17.7B in 2021 to $18.4B in 2022, a change of 4.0%.

Was 2022 Moderna, Inc.'s best revenue year?

Yes — 2022 was Moderna, Inc.'s highest recorded revenue year at $18.4B, the peak across all 5 years of available data.

What was Moderna, Inc.'s highest ever annual revenue?

Moderna, Inc.'s highest ever annual revenue was $18.4B recorded in fiscal year 2022.

Moderna, Inc.

Biotechnology and mRNA TherapeuticsFounded 2010

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore Moderna, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.

Annual Revenue

Moderna, Inc. Revenue in 2022

Q: What was Moderna, Inc.'s revenue in 2022?

Moderna, Inc. reported $18.4B in revenue for fiscal year 2022. This represents a +4.0% change compared to 2021. Revenue edged up 4.0% to 18.4 billion dollars in 2022 as global Spikevax demand held near pandemic highs before the market began its shift toward endemic seasonal buying.

FY2022 Revenue

$18.4B

▲ 4% vs FY2021 ($17.7B)

Source: Annual report / company filing

Moderna, Inc. reported $18.4B in revenue for fiscal year 2022. This represents a growth of 4% compared to the 2021 figure of $17.7B. In 2023, revenue declined to $6.8B.

Revenue edged up 4.0% to 18.4 billion dollars in 2022 as global Spikevax demand held near pandemic highs before the market began its shift toward endemic seasonal buying.

Revenue by Year

FY2025 FY2024 FY2023 FY2022 FY2021

Moderna, Inc. Annual Revenue History

Year	Revenue	YoY Change
FY2025	$1.9B	-39.9%
FY2024	$3.2B	-52.4%
FY2023	$6.8B	-63.0%
FY2022	$18.4B	+4.0%
FY2021	$17.7B	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

← Previous year

FY2021: $17.7B

Next year →

FY2023: $6.8B

Explore Moderna, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.