Fresenius Medical Care AG (FMS) Research & Development (2009 - 2026)
Fresenius Medical Care AG's Research & Development came in at $47.63 million for the quarter ended Sep 30, 2026, up 7.9% from $44.13 million a year earlier and up 3.4% from the prior quarter.
Fresenius Medical Care AG (FMS) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Fresenius Medical Care AG reported Research & Development of $183.51 million, down 1.6% year-over-year; for the year ended Dec 31, 2025, it was $178.48 million, down 10.1% from the prior year.
- Research & Development carries a five-year compound annual growth rate of -4.2% (years ended Dec 2020 to Dec 2025).
- Going back by year, Research & Development was $198.6 million in the year ended Dec 31, 2024 (-20.9%), $250.93 million in the year ended Dec 31, 2023 (+4.1%), $240.96 million in the year ended Dec 31, 2022 (-7.8%) and $261.27 million in the year ended Dec 31, 2021 (+18.1%).
- The figure for the quarter ended Sep 30, 2026 represents the highest quarterly Research & Development since the quarter ended Dec 31, 2024.
- Year-over-year, Research & Development increased in three of the last eight quarters, with an average decline of 6.4%.
- The fastest year-over-year change in Research & Development over five years came in the quarter ended Dec 31, 2021 (growth of 24.0%), and the weakest in the quarter ended Dec 31, 2024 (a decline of 24.7%).
- Business Quant data shows FMS's Research & Development at $46.06 million (quarter ended Jun 30, 2026), $44.85 million (quarter ended Mar 31, 2026) and $44.97 million (quarter ended Dec 31, 2025) in the three quarters before the quarter ended Sep 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | - |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | - |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | - |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | 100.84 Mn |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | 46.00 Mn |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | - |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | - |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 47.63 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.63 Mn |
| Jun 30, 2026 | 46.06 Mn |
| Mar 31, 2026 | 44.85 Mn |
| Dec 31, 2025 | 44.97 Mn |
| Sep 30, 2025 | 44.13 Mn |
| Jun 30, 2025 | 43.15 Mn |
| Mar 31, 2025 | 45.74 Mn |
| Dec 31, 2024 | 53.49 Mn |
| Sep 30, 2024 | 43.98 Mn |
| Jun 30, 2024 | 49.09 Mn |
| Mar 31, 2024 | 51.93 Mn |
| Dec 31, 2023 | 71.00 Mn |
| Sep 30, 2023 | 57.74 Mn |
| Jun 30, 2023 | 62.27 Mn |
| Mar 31, 2023 | 59.85 Mn |
| Dec 31, 2022 | 63.31 Mn |
| Sep 30, 2022 | 61.99 Mn |
| Jun 30, 2022 | 59.13 Mn |
| Mar 31, 2022 | 55.75 Mn |
| Dec 31, 2021 | 77.51 Mn |
Fresenius Medical Care AG 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=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "FMS", "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=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();