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
DateValue
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