Vertex Pharmaceuticals (VRTX) Operating Expenses (2009 - 2026)
Vertex Pharmaceuticals (VRTX) posted quarterly Operating Expenses of $1.8 billion for Q1 2026, down 13.61% year-over-year from $2.1 billion in Q1 2025, and down 6.82% on a QoQ basis from $2.0 billion in Q4 2025.
Vertex Pharmaceuticals (VRTX) Operating Expenses (2009 - 2026) Analysis & Trends
Vertex Pharmaceuticals (VRTX) has reported Operating Expenses for 18 consecutive years, with $1.8 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 13.61% year-over-year to $1.8 billion; the TTM figure through Mar 2026 stood at $7.5 billion (down 36.36% YoY), while the FY2025 annual figure was $7.8 billion, down 30.44% from the prior year.
- Operating Expenses came in at $1.8 billion for Q1 2026 at Vertex Pharmaceuticals, down from $2.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $6.2 billion in Q2 2024, with the low at $1.1 billion in Q1 2022.
- Average Operating Expenses over 5 years is $1.9 billion, with a median of $1.6 billion recorded in 2023.
- Across the five-year window, Operating Expenses soared 319.98% in 2024 and sank 70.56% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $1.3 billion in 2022, then climbed by 20.49% to $1.5 billion in 2023, then advanced by 23.33% to $1.9 billion in 2024, then gained by 5.2% to $2.0 billion in 2025, then retreated by 6.82% to $1.8 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.8 billion, $2.0 billion, and $1.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Genmab A | 276,399.99 Bn | 276,398.47 Bn | 831.00 Mn | -716.00 Mn |
| 2 | Akari Therapeutics | 1,217.26 Bn | 1,217.26 Bn | - | 15.76 Mn |
| 3 | BeOne Medicines | 419.38 Bn | 414.59 Bn | 1.35 Bn | 1.10 Bn |
| 4 | Vertex Pharmaceuticals | 126.54 Bn | 119.30 Bn | 2.59 Bn | 1.85 Bn |
| 5 | Pharming | 110.17 Bn | 110.12 Bn | 65.80 Mn | - |
| 6 | Regeneron Pharmaceuticals | 64.97 Bn | 56.22 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Argenx Se | 56.44 Bn | 56.44 Bn | 1.18 Bn | -919.00 Mn |
| 8 | Alnylam Pharmaceuticals | 40.09 Bn | 37.08 Bn | 959.66 Mn | 898.54 Mn |
| 9 | Revolution Medicines | 37.15 Bn | 37.15 Bn | - | 445.22 Mn |
| 10 | Moderna | 28.64 Bn | 23.43 Bn | -566.00 Mn | 1.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.85 Bn |
| Dec 31, 2025 | 1.98 Bn |
| Sep 30, 2025 | 1.89 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 2.14 Bn |
| Dec 31, 2024 | 1.89 Bn |
| Sep 30, 2024 | 1.66 Bn |
| Jun 30, 2024 | 6.16 Bn |
| Mar 31, 2024 | 1.55 Bn |
| Dec 31, 2023 | 1.53 Bn |
| Sep 30, 2023 | 1.45 Bn |
| Jun 30, 2023 | 1.47 Bn |
| Mar 31, 2023 | 1.60 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 1.21 Bn |
| Jun 30, 2022 | 1.09 Bn |
| Mar 31, 2022 | 1.06 Bn |
| Dec 31, 2021 | 1.19 Bn |
| Sep 30, 2021 | 929.60 Mn |
| Jun 30, 2021 | 1.83 Bn |