Boston Scientific (BSX) Research & Development (2009 - 2026)
Boston Scientific's Research & Development was $554 million in Q2 2026, up 5.3% from $526 million a year earlier and up 7.4% from the prior quarter.
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Analysis
Boston Scientific (BSX) Research & Development (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Boston Scientific's Research & Development was $2.15 billion through Jun 30, 2026, up 17.3% year-over-year; for FY2025, it came in at $2.05 billion, up 27.1% from FY2024.
- Research & Development has now increased for five consecutive years, with a five-year compound annual growth rate of 12.4% (FY2020 to FY2025).
- In earlier years, Research & Development was $1.62 billion in FY2024 (+14.2%), $1.41 billion in FY2023 (+6.9%), $1.32 billion in FY2022 (+9.9%) and $1.2 billion in FY2021 (+5.3%).
- Quarterly Research & Development has moved between $310 million (Q3 2021) and $569 million (Q4 2025) over five years.
- Compared with a year earlier, Research & Development has increased for 19 straight quarters, with growth averaging 21.4% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q2 2025 (growth of 37.3%); the worst was Q3 2021 (a decline of 1.6%).
- Per Business Quant data, BSX's Research & Development in the three quarters before Q2 2026 was $516 million (Q1 2026), $569 million (Q4 2025) and $514 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 123.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 554.00 Mn |
| Mar 31, 2026 | 516.00 Mn |
| Dec 31, 2025 | 569.00 Mn |
| Sep 30, 2025 | 514.00 Mn |
| Jun 30, 2025 | 526.00 Mn |
| Mar 31, 2025 | 443.00 Mn |
| Dec 31, 2024 | 459.00 Mn |
| Sep 30, 2024 | 407.00 Mn |
| Jun 30, 2024 | 383.00 Mn |
| Mar 31, 2024 | 366.00 Mn |
| Dec 31, 2023 | 363.00 Mn |
| Sep 30, 2023 | 356.00 Mn |
| Jun 30, 2023 | 359.00 Mn |
| Mar 31, 2023 | 337.00 Mn |
| Dec 31, 2022 | 330.00 Mn |
| Sep 30, 2022 | 339.00 Mn |
| Jun 30, 2022 | 335.00 Mn |
| Mar 31, 2022 | 319.00 Mn |
| Dec 31, 2021 | 320.00 Mn |
| Sep 30, 2021 | 310.00 Mn |
API Access
Boston Scientific Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();