Novartis Ag NVS
NYSE NVS
$137.50 -0.20 (-0.15%)
As of: Sep 9, 2026 · 3:59 PM EDT

Novartis Ag (NVS) Research & Development (2009 - 2026)

Novartis Ag's (NVS) quarterly Research & Development came in at -$2.8 billion in Q2 2026, down 4.4% year-over-year from -$3.0 billion in Q2 2025, and down 3.91% quarter-over-quarter from -$2.7 billion in Q1 2026.

Analysis

Novartis Ag (NVS) Research & Development (2009 - 2026) Analysis & Trends

Novartis Ag has disclosed Research & Development across 18 years of filings, most recently posting -$2.8 billion for Q2 2026.

  • In Q2 2026, Research & Development fell 4.4% year-over-year to -$2.8 billion; the TTM figure through Jun 2026 stood at -$13.6 billion (up 7.1% YoY), while the FY2025 annual figure was -$11.2 billion, down 11.75% from the prior year.
  • Research & Development came in at -$2.8 billion for Q2 2026 at Novartis Ag, down from -$2.7 billion in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$2.3 billion in Q2 2023 to a low of -$8.8 billion in Q4 2023.
  • Average Research & Development over 5 years is -$3.6 billion, with a median of -$2.7 billion recorded in 2023.
  • Year-over-year, Research & Development sank 54.41% in 2023 and soared 39.06% in 2024.
  • Over 5 years, Research & Development stood at -$7.0 billion in 2022, then slipped by 26.57% to -$8.8 billion in 2023, then grew by 18.45% to -$7.2 billion in 2024, then gained by 29.07% to -$5.1 billion in 2025, then jumped by 44.1% to -$2.8 billion in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were -$2.8 billion in Q2 2026, -$2.7 billion in Q1 2026, and -$5.1 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Johnson & Johnson 643.26 Bn 622.50 Bn 17.26 Bn 3.65 Bn
2 AbbVie 443.31 Bn 436.74 Bn 12.70 Bn 2.34 Bn
3 Merck 364.74 Bn 357.60 Bn 12.21 Bn 9.74 Bn
4 Novartis Ag 266.46 Bn 258.77 Bn 11.24 Bn -2.85 Bn
5 Pfizer 158.57 Bn 146.88 Bn 10.94 Bn 2.81 Bn
6 Sanofi 52.33 Bn 44.95 Bn 10.79 Bn -2.60 Bn
7 Revolution Medicines 43.79 Bn 43.79 Bn - 394.92 Mn
8 Incyte 25.23 Bn 20.69 Bn 1.57 Bn 516.95 Mn
9 United Therapeutics 21.67 Bn 19.01 Bn 683.80 Mn 146.30 Mn
10 Neurocrine Biosciences 15.65 Bn 15.26 Bn 935.80 Mn 326.70 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -2.85 Bn
Mar 31, 2026 -2.74 Bn
Dec 31, 2025 -5.09 Bn
Sep 30, 2025 -2.94 Bn
Jun 30, 2025 -2.73 Bn
Mar 31, 2025 -2.37 Bn
Dec 31, 2024 -7.18 Bn
Sep 30, 2024 -2.39 Bn
Jun 30, 2024 -2.37 Bn
Mar 31, 2024 -2.42 Bn
Dec 31, 2023 -8.80 Bn
Sep 30, 2023 -3.93 Bn
Jun 30, 2023 -2.30 Bn
Mar 31, 2023 -2.58 Bn
Dec 31, 2022 -6.96 Bn
Sep 30, 2022 -2.54 Bn
Jun 30, 2022 -2.50 Bn
Mar 31, 2022 -2.32 Bn
Dec 31, 2021 -4.75 Bn
Sep 30, 2021 -2.38 Bn