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
Download Data| Date | Value |
|---|---|
| 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 |