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
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