Haleon (HLN) Research & Development (2021 - 2025)

Haleon's (HLN) quarterly Research & Development came in at -$205.0 million in Q4 2025, up 23.89% on a QoQ basis from -$269.3 million in Q4 2023.

Haleon (HLN) Research & Development (2021 - 2025) Analysis & Trends

Haleon (HLN) has 4 years of Research & Development data on file, last reported at -$205.0 million in Q4 2025.

Quarterly Research & Development changed N/A year-over-year to -$205.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$649.9 million (changed N/A YoY) and the FY2025 annual result came in at $420.3 million, up 10.34% from the prior year.
Research & Development rose to -$205.0 million in Q4 2025, from -$269.3 million in the prior quarter.
In the past five years, Research & Development ranged from a high of -$83.8 million in Q2 2023 to a low of -$269.3 million in Q4 2023.
A 4-year average of -$188.5 million and a median of -$205.0 million in 2025 frame the typical range for Research & Development.
Annual changes were most pronounced in 2022 — Research & Development fell 3.65% — and 2023, when it dropped 5.33%.
Tracing HLN's Research & Development over 4 years: stood at -$246.7 million in 2021, then fell by 3.65% to -$255.7 million in 2022, then fell by 5.33% to -$269.3 million in 2023, then rose by 23.89% to -$205.0 million in 2025.
The last three Research & Development figures came in at -$205.0 million (Q4 2025), -$269.3 million (Q4 2023), and -$83.8 million (Q2 2023), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	R&D (Qtr)
1	Haleon	43.71 Bn	42.75 Bn	-	-
2	Teva Pharmaceutical Industries	43.11 Bn	39.45 Bn	2.15 Bn	970.00 Mn
3	Zoetis	31.62 Bn	29.94 Bn	1.05 Bn	-
4	Takeda Pharmaceutical	28.72 Bn	22.92 Bn	5.10 Bn	-1.05 Bn
5	United Therapeutics	22.33 Bn	19.67 Bn	683.80 Mn	146.30 Mn
6	Viatris	18.83 Bn	17.95 Bn	1.46 Bn	248.30 Mn
7	Neurocrine Biosciences	15.62 Bn	15.23 Bn	935.80 Mn	326.70 Mn
8	Elanco Animal Health	12.10 Bn	11.57 Bn	798.00 Mn	92.00 Mn
9	Dr Reddys Laboratories	10.11 Bn	9.94 Bn	-	-
10	Alkermes	8.25 Bn	7.60 Bn	397.90 Mn	154.36 Mn

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