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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |