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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |