Johnson & Johnson (JNJ) Research & Development (2009 - 2026)
Johnson & Johnson's (JNJ) quarterly Research & Development came in at $3.7 billion in Q2 2026, up 3.9% year-over-year from $3.5 billion in Q2 2025, and up 3.57% quarter-over-quarter from $3.5 billion in Q1 2026.
Analysis
Johnson & Johnson (JNJ) Research & Development (2009 - 2026) Analysis & Trends
Johnson & Johnson has disclosed Research & Development across 18 years of filings, most recently posting $3.7 billion for Q2 2026.
- In Q2 2026, Research & Development rose 3.9% year-over-year to $3.7 billion; the TTM figure through Jun 2026 stood at $15.1 billion (down 11.11% YoY), while the FY2025 annual figure was $14.7 billion, down 14.9% from the prior year.
- Research & Development came in at $3.7 billion for Q2 2026 at Johnson & Johnson, up from $3.5 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of $6.2 billion in Q1 2022 to a low of $3.2 billion in Q1 2025.
- Average Research & Development over 5 years is $4.0 billion, with a median of $3.7 billion recorded in 2026.
- Year-over-year, Research & Development tumbled 32.67% in 2023 and jumped 43.66% in 2024.
- Over 5 years, Research & Development stood at $3.5 billion in 2022, then rose by 28.55% to $4.5 billion in 2023, then rose by 18.26% to $5.3 billion in 2024, then declined by 19.74% to $4.3 billion in 2025, then decreased by 14.09% to $3.7 billion in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $3.7 billion in Q2 2026, $3.5 billion in Q1 2026, and $4.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.98 Bn | 621.22 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 446.60 Bn | 440.03 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 357.75 Bn | 350.61 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 267.43 Bn | 259.74 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Pfizer | 156.61 Bn | 144.91 Bn | 10.94 Bn | 2.81 Bn |
| 6 | Sanofi | 52.22 Bn | 44.84 Bn | 10.79 Bn | -2.60 Bn |
| 7 | Revolution Medicines | 42.95 Bn | 42.95 Bn | - | 394.92 Mn |
| 8 | Incyte | 24.57 Bn | 20.04 Bn | 1.57 Bn | 516.95 Mn |
| 9 | United Therapeutics | 21.31 Bn | 18.65 Bn | 683.80 Mn | 146.30 Mn |
| 10 | Neurocrine Biosciences | 15.81 Bn | 15.42 Bn | 935.80 Mn | 326.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 3.65 Bn |
| Mar 29, 2026 | 3.53 Bn |
| Dec 28, 2025 | 4.25 Bn |
| Sep 28, 2025 | 3.67 Bn |
| Jun 29, 2025 | 3.52 Bn |
| Mar 30, 2025 | 3.23 Bn |
| Dec 29, 2024 | 5.30 Bn |
| Sep 29, 2024 | 4.95 Bn |
| Jun 30, 2024 | 3.44 Bn |
| Mar 31, 2024 | 3.54 Bn |
| Dec 31, 2023 | 4.48 Bn |
| Oct 1, 2023 | 3.45 Bn |
| Jul 2, 2023 | 3.70 Bn |
| Apr 2, 2023 | 3.46 Bn |
| Jan 1, 2023 | 4.14 Bn |
| Oct 2, 2022 | 3.49 Bn |
| Jul 3, 2022 | 3.70 Bn |
| Apr 3, 2022 | 3.46 Bn |
| Jan 2, 2022 | 6.15 Bn |
| Oct 3, 2021 | 3.42 Bn |