Astrazeneca (AZN) Research & Development (2009 - 2026)
Astrazeneca (AZN) posted quarterly Research & Development of -$3.5 billion for Q1 2026, down 10.54% year-over-year from -$3.9 billion in Q1 2025, and up 9.58% on a QoQ basis from -$3.9 billion in Q4 2025.
Astrazeneca (AZN) Research & Development (2009 - 2026) Analysis & Trends
Astrazeneca (AZN) has reported Research & Development for 18 consecutive years, with -$3.5 billion the latest figure, recorded in 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 came in at -$3.5 billion for Q1 2026 at Astrazeneca, up from -$3.9 billion in the prior quarter.
- The five-year high for Research & Development was -$2.1 billion in Q1 2022, with the low at -$4.7 billion in Q4 2024.
- Average Research & Development over 5 years is -$3.1 billion, with a median of -$3.0 billion recorded in 2024.
- Across the five-year window, Research & Development surged 31.91% in 2022 and tumbled 52.2% in 2024, its largest moves.
- Year by year, Research & Development stood at -$2.6 billion in 2022, then fell by 17.07% to -$3.1 billion in 2023, then sank by 52.2% to -$4.7 billion in 2024, then rose by 17.43% to -$3.9 billion in 2025, then rose by 9.58% to -$3.5 billion in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$3.5 billion, -$3.9 billion, and -$3.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 3.51 Bn |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 3.53 Bn |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 2.47 Bn |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | -3.49 Bn |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 12.59 Bn |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 1.72 Bn |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 1.37 Bn |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 2.49 Bn |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 539.00 Mn |
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 |