Sanofi (SNY) Research & Development (2009 - 2026)
Sanofi's (SNY) quarterly Research & Development came in at -$2.6 billion in Q2 2026, down 20.11% year-over-year from -$3.2 billion in Q2 2025, and down 26.9% quarter-over-quarter from -$2.0 billion in Q1 2026.
Analysis
Sanofi (SNY) Research & Development (2009 - 2026) Analysis & Trends
Sanofi has disclosed Research & Development across 18 years of filings, most recently posting -$2.6 billion for Q2 2026.
- In Q2 2026, Research & Development fell 20.11% year-over-year to -$2.6 billion; the TTM figure through Jun 2026 stood at -$20.3 billion (down 45.3% YoY), while the FY2025 annual figure was $9.1 billion, up 214.07% from the prior year.
- Research & Development came in at -$2.6 billion for Q2 2026 at Sanofi, down from -$2.0 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$1.7 billion in Q1 2022 to a low of -$9.1 billion in Q4 2025.
- Average Research & Development over 5 years is -$3.4 billion, with a median of -$1.9 billion recorded in 2024.
- Year-over-year, Research & Development fell 0.33% in 2023 and slumped 227.92% in 2025.
- Over 5 years, Research & Development stood at -$6.6 billion in 2022, then declined by 5.56% to -$7.0 billion in 2023, then retreated by 12.86% to -$7.9 billion in 2024, then slipped by 15.53% to -$9.1 billion in 2025, then jumped by 71.57% to -$2.6 billion in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$2.6 billion in Q2 2026, -$2.0 billion in Q1 2026, and -$9.1 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 | -2.60 Bn |
| Mar 31, 2026 | -2.05 Bn |
| Dec 31, 2025 | -9.13 Bn |
| Sep 30, 2025 | -6.49 Bn |
| Jun 30, 2025 | -2.16 Bn |
| Mar 31, 2025 | -1.90 Bn |
| Dec 31, 2024 | -7.90 Bn |
| Sep 30, 2024 | -1.98 Bn |
| Jun 30, 2024 | -1.79 Bn |
| Mar 31, 2024 | -1.81 Bn |
| Dec 31, 2023 | -7.00 Bn |
| Sep 30, 2023 | -1.81 Bn |
| Jun 30, 2023 | -1.77 Bn |
| Mar 31, 2023 | -1.68 Bn |
| Dec 31, 2022 | -6.63 Bn |
| Sep 30, 2022 | -1.75 Bn |
| Jun 30, 2022 | -1.77 Bn |
| Mar 31, 2022 | -1.67 Bn |
| Dec 31, 2021 | -6.51 Bn |
| Sep 30, 2021 | -1.70 Bn |