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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Moderna's Revenue by Segment

In fiscal year 2025, Moderna's revenue by segment (products & services) are as follows:

  • Product Sales: $3.30 B

Learn more about Moderna’s Revenue by Geography

Check out competitors to Moderna in a side-by-side comparison.

Explore additional financial metrics for Moderna.

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The above chart shows Moderna's revenue percentage share by segment (products and services).

In fiscal year 2023, Moderna's revenue by segment is as follows:

  • Messenger RNA (mRNA) Medicines generated $6.85 B in revenue, representing 100% of its total revenue.

The biggest segment for Moderna is the Messenger RNA (mRNA) Medicines, which represents 100% of its total revenue.
The smallest segment for Moderna is the Messenger RNA (mRNA) Medicines, which represents 100% of its total revenue.

The above chart shows Moderna's revenue percentage share by segment (products and services).

In fiscal year 2024, Moderna's revenue by segment is as follows:

  • Collaboration Arrangement generated $12.00 M in revenue, representing 0.26% of its total revenue.
  • Grant generated $37.00 M in revenue, representing 0.81% of its total revenue.
  • Product Sales generated $4.52 B in revenue, representing 98.93% of its total revenue.

The biggest segment for Moderna is the Product Sales, which represents 98.93% of its total revenue.
The smallest segment for Moderna is the Collaboration Arrangement, which represents 0.26% of its total revenue.

The above chart shows Moderna's revenue percentage share by segment (products and services).

In fiscal year 2025, Moderna's revenue by segment is as follows:

  • Product Sales generated $3.30 B in revenue, representing 100% of its total revenue.

The biggest segment for Moderna is the Product Sales, which represents 100% of its total revenue.
The smallest segment for Moderna is the Product Sales, which represents 100% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Messenger RNA (mRNA) Medicines 100% - -
Collaboration Arrangement - 0.26% -
Grant - 0.81% -
Product Sales - 98.93% 100%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Moderna.

In fiscal year 2025, the Product Sales generated the most revenue ($3.30 B), and the Product Sales generated the least revenue ($3.30 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Collaboration Arrangement revenue decreased -100% ($12.00 M) from $12.00 M (in 2024) to $0.00 (in 2025).
  • Grant revenue decreased -100% ($37.00 M) from $37.00 M (in 2024) to $0.00 (in 2025).
  • Product Sales revenue decreased -26.85% ($1.21 B) from $4.52 B (in 2024) to $3.30 B (in 2025).
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    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Collaboration Arrangement - - $12.00 M - - -
    Grant - - $37.00 M - - -
    Messenger RNA (mRNA) Medicines $6.85 B - - - - -
    Product Sales - - $4.52 B - $3.30 B
    26.85%
    Total Revenue $6.85 B - $3.20 B
    53.29%
    		$1.94 B
    39.23%

    Frequently Asked Questions

    What was Moderna's largest product segment last year?

    In fiscal year 2025, Product Sales revenue reached $3.30 Billion, representing 100% of Moderna's total revenue and making it the largest segment for the company.

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