Bristol Myers Squibb BMY
NYSE BMY
$63.03 +0.20 (+0.32%)
At close: Sep 18, 2026 · 4:00 PM EDT

Bristol Myers Squibb (BMY) Research & Development (2009 - 2026)

Bristol Myers Squibb's (BMY) quarterly Research & Development came in at $3.0 billion in Q2 2026, up 14.69% year-over-year from $2.6 billion in Q2 2025, and up 11.7% quarter-over-quarter from $2.6 billion in Q1 2026.

Analysis

Bristol Myers Squibb (BMY) Research & Development (2009 - 2026) Analysis & Trends

Bristol Myers Squibb (BMY) has reported Research & Development for 18 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Research & Development rose 14.69% year-over-year to $3.0 billion in Q2 2026; TTM through Jun 2026 was $10.7 billion, a 3.08% increase from a year earlier, with the FY2025 full-year figure at $10.0 billion, down 10.83% from the prior year.
  • Research & Development was $3.0 billion for Q2 2026 at Bristol Myers Squibb, up from $2.6 billion in the prior quarter.
  • Over five years, Research & Development peaked at $3.2 billion in Q4 2024 and troughed at $2.2 billion in Q3 2023.
  • A 5-year average of $2.5 billion and a median of $2.5 billion in 2022 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development gained 28.77% in 2024 and fell 18.96% in 2025, its largest moves.
  • Over 5 years, Research & Development stood at $2.5 billion in 2022, then slipped by 1.27% to $2.5 billion in 2023, then grew by 28.77% to $3.2 billion in 2024, then slipped by 18.96% to $2.6 billion in 2025, then advanced by 14.42% to $3.0 billion in 2026.
  • The last three Research & Development figures came in at $3.0 billion (Q2 2026), $2.6 billion (Q1 2026), and $2.6 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Johnson & Johnson 650.65 Bn 629.89 Bn 17.26 Bn 3.65 Bn
2 AbbVie 466.34 Bn 459.82 Bn 12.70 Bn 2.34 Bn
3 Merck 362.11 Bn 355.02 Bn 12.21 Bn 9.74 Bn
4 Novartis Ag 267.81 Bn 260.52 Bn 11.24 Bn -2.85 Bn
5 Pfizer 157.31 Bn 145.91 Bn 10.94 Bn 2.81 Bn
6 Bristol Myers Squibb 128.75 Bn 117.69 Bn 9.25 Bn 2.96 Bn
7 Sanofi 51.80 Bn 44.84 Bn 10.79 Bn -2.60 Bn
8 Revolution Medicines 40.91 Bn 40.91 Bn - 394.92 Mn
9 BeOne Medicines 39.65 Bn 34.55 Bn 1.53 Bn 612.28 Mn
10 Incyte 25.18 Bn 20.65 Bn 1.57 Bn 516.95 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 2.96 Bn
Mar 31, 2026 2.65 Bn
Dec 31, 2025 2.59 Bn
Sep 30, 2025 2.53 Bn
Jun 30, 2025 2.58 Bn
Mar 31, 2025 2.26 Bn
Dec 31, 2024 3.19 Bn
Sep 30, 2024 2.37 Bn
Jun 30, 2024 2.90 Bn
Mar 31, 2024 2.70 Bn
Dec 31, 2023 2.48 Bn
Sep 30, 2023 2.24 Bn
Jun 30, 2023 2.26 Bn
Mar 31, 2023 2.32 Bn
Dec 31, 2022 2.51 Bn
Sep 30, 2022 2.42 Bn
Jun 30, 2022 2.32 Bn
Mar 31, 2022 2.26 Bn
Dec 31, 2021 2.52 Bn
Sep 30, 2021 2.98 Bn