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
DateValue
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