KPIs & Operating Metrics(New)
Growth Metrics

Amgen (AMGN) Research & Development (2009 - 2026)

Amgen's quarterly Research & Development came in at $1.7 billion in Q1 2026, up 15.68% year-on-year from $1.5 billion in Q1 2025, and down 19.75% quarter-over-quarter from $2.1 billion in Q4 2025.

Amgen has reported Research & Development for 18 years, with the latest figure at $1.7 billion in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 15.68% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $7.5 billion (up 22.89% YoY), and the FY2025 full-year result was $7.3 billion, up 21.93% from the prior year.
  • Research & Development for Q1 2026 stood at $1.7 billion, down from $2.1 billion in the prior quarter.
  • The five-year high for Research & Development was $2.1 billion in Q4 2025, with the low at $959.0 million in Q1 2022.
  • Average Research & Development over 5 years is $1.4 billion, with a median of $1.4 billion recorded in 2024.
  • Year-over-year, Research & Development dropped 21.8% in 2022 and jumped 34.38% in 2024.
  • Tracing AMGN's Research & Development over 5 years: stood at $1.3 billion in 2022, then grew by 15.86% to $1.5 billion in 2023, then grew by 12.39% to $1.7 billion in 2024, then rose by 24.25% to $2.1 billion in 2025, then dropped by 19.75% to $1.7 billion in 2026.
  • The last three Research & Development figures came in at $1.7 billion (Q1 2026), $2.1 billion (Q4 2025), and $1.9 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Novartis Ag 107,124,802.25 Bn 107,124,802.25 Bn - -
2 Eli Lilly 969.00 Bn 963.72 Bn 16.22 Bn 3.51 Bn
3 Johnson & Johnson 539.46 Bn 517.41 Bn 15.96 Bn 3.53 Bn
4 AbbVie 376.92 Bn 367.57 Bn 10.78 Bn 2.47 Bn
5 Merck 285.00 Bn 279.35 Bn 12.09 Bn 12.59 Bn
6 Amgen 177.58 Bn 165.55 Bn 5.87 Bn 1.72 Bn
7 Gilead Sciences 163.22 Bn 155.50 Bn 5.52 Bn 1.37 Bn
8 Pfizer 145.86 Bn 133.09 Bn -1.21 Bn 2.49 Bn
9 Bristol Myers Squibb 111.90 Bn 101.44 Bn 8.07 Bn 2.65 Bn
10 Gsk 88.34 Bn 83.66 Bn - -

Historic Data

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DateValue
Mar 31, 2026 1.72 Bn
Dec 31, 2025 2.14 Bn
Sep 30, 2025 1.90 Bn
Jun 30, 2025 1.74 Bn
Mar 31, 2025 1.49 Bn
Dec 31, 2024 1.72 Bn
Sep 30, 2024 1.45 Bn
Jun 30, 2024 1.45 Bn
Mar 31, 2024 1.34 Bn
Dec 31, 2023 1.53 Bn
Sep 30, 2023 1.08 Bn
Jun 30, 2023 1.11 Bn
Mar 31, 2023 1.06 Bn
Dec 31, 2022 1.32 Bn
Sep 30, 2022 1.11 Bn
Jun 30, 2022 1.04 Bn
Mar 31, 2022 959.00 Mn
Dec 31, 2021 1.35 Bn
Sep 30, 2021 1.42 Bn
Jun 30, 2021 1.08 Bn
Mar 31, 2021 967.00 Mn
Dec 31, 2020 1.23 Bn
Sep 30, 2020 1.06 Bn
Jun 30, 2020 964.00 Mn
Mar 31, 2020 952.00 Mn
Dec 31, 2019 1.31 Bn
Sep 30, 2019 1.00 Bn
Jun 30, 2019 924.00 Mn
Mar 31, 2019 879.00 Mn
Dec 31, 2018 1.18 Bn
Sep 30, 2018 926.00 Mn
Jun 30, 2018 869.00 Mn
Mar 31, 2018 760.00 Mn
Dec 31, 2017 1.04 Bn
Sep 30, 2017 877.00 Mn
Jun 30, 2017 873.00 Mn
Mar 31, 2017 769.00 Mn
Dec 31, 2016 1.08 Bn
Sep 30, 2016 990.00 Mn
Jun 30, 2016 900.00 Mn
Mar 31, 2016 872.00 Mn
Dec 31, 2015 1.09 Bn
Sep 30, 2015 1.12 Bn
Jun 30, 2015 964.00 Mn
Mar 31, 2015 894.00 Mn
Dec 31, 2014 1.23 Bn
Sep 30, 2014 1.02 Bn
Jun 30, 2014 1.02 Bn
Mar 31, 2014 1.03 Bn
Dec 31, 2013 1.25 Bn
Sep 30, 2013 989.00 Mn
Jun 30, 2013 967.00 Mn
Mar 31, 2013 878.00 Mn
Dec 31, 2012 938.00 Mn
Sep 30, 2012 880.00 Mn
Jun 30, 2012 826.00 Mn
Mar 31, 2012 736.00 Mn
Dec 31, 2011 851.00 Mn
Sep 30, 2011 761.00 Mn
Jun 30, 2011 819.00 Mn
Mar 31, 2011 736.00 Mn
Dec 31, 2010 854.00 Mn
Sep 30, 2010 719.00 Mn
Jun 30, 2010 675.00 Mn
Mar 31, 2010 646.00 Mn
Dec 31, 2009 891.00 Mn
Sep 30, 2009 647.00 Mn
Jun 30, 2009 693.00 Mn
Mar 31, 2009 633.00 Mn