Biogen (BIIB) Research & Development (2009 - 2026)
Biogen (BIIB) posted quarterly Research & Development of $539.0 million for Q1 2026, up 24.16% year-over-year from $434.1 million in Q1 2025, and up 5.81% on a QoQ basis from $509.4 million in Q4 2025.
Biogen (BIIB) Research & Development (2009 - 2026) Analysis & Trends
Biogen (BIIB) has reported Research & Development for 18 consecutive years, with $539.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 24.16% year-over-year to $539.0 million; the TTM figure through Mar 2026 stood at $1.9 billion (down 4.34% YoY), while the FY2025 annual figure was $1.8 billion, down 10.19% from the prior year.
- Research & Development came in at $539.0 million for Q1 2026 at Biogen, up from $509.4 million in the prior quarter.
- The five-year high for Research & Development was $736.3 million in Q3 2023, with the low at $75.0 million in Q4 2023.
- Average Research & Development over 5 years is $499.7 million, with a median of $516.2 million recorded in 2024.
- Across the five-year window, Research & Development sank 87.53% in 2023 and jumped 584.4% in 2024, its largest moves.
- Year by year, Research & Development stood at $601.6 million in 2022, then tumbled by 87.53% to $75.0 million in 2023, then surged by 584.4% to $513.3 million in 2024, then decreased by 0.76% to $509.4 million in 2025, then grew by 5.81% to $539.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $539.0 million, $509.4 million, and $436.1 million 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 | 539.00 Mn |
| Dec 31, 2025 | 509.40 Mn |
| Sep 30, 2025 | 436.10 Mn |
| Jun 30, 2025 | 399.00 Mn |
| Mar 31, 2025 | 434.10 Mn |
| Dec 31, 2024 | 513.30 Mn |
| Sep 30, 2024 | 516.20 Mn |
| Jun 30, 2024 | 505.40 Mn |
| Mar 31, 2024 | 445.40 Mn |
| Dec 31, 2023 | 75.00 Mn |
| Sep 30, 2023 | 736.30 Mn |
| Jun 30, 2023 | 584.20 Mn |
| Mar 31, 2023 | 570.60 Mn |
| Dec 31, 2022 | 601.60 Mn |
| Sep 30, 2022 | 549.20 Mn |
| Jun 30, 2022 | 528.60 Mn |
| Mar 31, 2022 | 551.70 Mn |
| Dec 31, 2021 | 699.50 Mn |
| Sep 30, 2021 | 702.40 Mn |
| Jun 30, 2021 | 585.10 Mn |