Astrazeneca (AZN) Research & Development (2009 - 2026)
Astrazeneca (AZN) recorded quarterly Research & Development of -$3.5 billion in Q1 2026, up 9.58% quarter-over-quarter from -$3.9 billion in Q4 2025, and down 10.54% on a YoY basis from -$3.9 billion in Q1 2025.
Astrazeneca (AZN) Research & Development (2009 - 2026) Analysis & Trends
Astrazeneca's Research & Development history runs 18 years deep, the most recent figure standing at -$3.5 billion for Q1 2026.
- In Q1 2026, Research & Development fell 10.54% year-over-year to -$3.5 billion; the TTM figure through Mar 2026 stood at -$14.6 billion (down 4.34% YoY), while the FY2025 annual figure was $14.2 billion, up 4.78% from the prior year.
- Research & Development was -$3.5 billion for Q1 2026 at Astrazeneca, up from -$3.9 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$2.1 billion in Q1 2022 to a low of -$4.7 billion in Q4 2024.
- Historically, Research & Development has averaged -$3.1 billion across 5 years, with a median of -$3.0 billion in 2024.
- Biggest YoY gain for Research & Development was 31.91% in 2022; the steepest drop was 606.29% in 2022.
- A 5-year view of Research & Development shows it stood at -$2.6 billion in 2022, then slipped by 17.07% to -$3.1 billion in 2023, then plunged by 52.2% to -$4.7 billion in 2024, then climbed by 17.43% to -$3.9 billion in 2025, then climbed by 9.58% to -$3.5 billion in 2026.
- The last three Research & Development figures came in at -$3.5 billion (Q1 2026), -$3.9 billion (Q4 2025), and -$3.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Gsk | 93,699,046.73 Bn | 93,699,041.77 Bn | 7.76 Bn | -2.28 Bn |
| 2 | Eli Lilly | 1,012.06 Bn | 1,006.77 Bn | 16.22 Bn | 3.51 Bn |
| 3 | Johnson & Johnson | 560.67 Bn | 538.62 Bn | 15.96 Bn | 3.53 Bn |
| 4 | AbbVie | 402.20 Bn | 392.85 Bn | 10.78 Bn | 2.47 Bn |
| 5 | Merck | 298.59 Bn | 292.94 Bn | 12.09 Bn | 12.59 Bn |
| 6 | Amgen | 188.77 Bn | 176.74 Bn | 5.87 Bn | 1.72 Bn |
| 7 | Gilead Sciences | 160.22 Bn | 152.49 Bn | 5.52 Bn | 1.37 Bn |
| 8 | Pfizer | 148.19 Bn | 135.42 Bn | -1.21 Bn | 2.49 Bn |
| 9 | Bristol Myers Squibb | 116.72 Bn | 106.26 Bn | 8.07 Bn | 2.65 Bn |
| 10 | Astrazeneca | 72.15 Bn | 64.21 Bn | 12.61 Bn | -3.49 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.49 Bn |
| Dec 31, 2025 | -3.86 Bn |
| Sep 30, 2025 | -3.66 Bn |
| Jun 30, 2025 | -3.55 Bn |
| Mar 31, 2025 | -3.16 Bn |
| Dec 31, 2024 | -4.68 Bn |
| Sep 30, 2024 | -3.12 Bn |
| Jun 30, 2024 | -3.01 Bn |
| Mar 31, 2024 | -2.78 Bn |
| Dec 31, 2023 | -3.07 Bn |
| Sep 30, 2023 | -2.58 Bn |
| Jun 30, 2023 | -2.67 Bn |
| Mar 31, 2023 | -2.61 Bn |
| Dec 31, 2022 | -2.63 Bn |
| Sep 30, 2022 | -2.46 Bn |
| Jun 30, 2022 | -2.55 Bn |
| Mar 31, 2022 | -2.13 Bn |
| Dec 31, 2021 | -2.58 Bn |
| Sep 30, 2021 | -3.61 Bn |
| Jun 30, 2021 | -1.83 Bn |