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
DateValue
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