Vertex Pharmaceuticals (VRTX) Research & Development (2009 - 2026)
Vertex Pharmaceuticals' quarterly Research & Development came in at $961.6 million in Q1 2026, down 1.85% year-on-year from $979.7 million in Q1 2025, and down 1.24% quarter-over-quarter from $973.7 million in Q4 2025.
Vertex Pharmaceuticals has reported Research & Development for 18 years, with the latest figure at $961.6 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 1.85% year-over-year to $961.6 million; the trailing twelve-month figure through Mar 2026 stood at $3.9 billion (up 1.85% YoY), and the FY2025 full-year result was $3.9 billion, up 7.69% from the prior year.
- Research & Development for Q1 2026 stood at $961.6 million, down from $973.7 million in the prior quarter.
- The five-year high for Research & Development was $998.7 million in Q4 2024, with the low at $600.1 million in Q2 2022.
- Average Research & Development over 5 years is $835.6 million, with a median of $824.6 million recorded in 2023.
- Year-over-year, Research & Development surged 38.12% in 2022 and dropped 2.5% in 2025.
- Tracing VRTX's Research & Development over 5 years: stood at $694.1 million in 2022, then grew by 18.8% to $824.6 million in 2023, then advanced by 21.11% to $998.7 million in 2024, then declined by 2.5% to $973.7 million in 2025, then fell by 1.24% to $961.6 million in 2026.
- The last three Research & Development figures came in at $961.6 million (Q1 2026), $973.7 million (Q4 2025), and $977.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 961,148.99 Bn | 961,148.98 Bn | - | 626,092.00 |
| 2 | Alterity Therapeutics | 744,933.29 Bn | 744,933.26 Bn | - | 4.32 Mn |
| 3 | Legend Biotech | 2,540.00 Bn | 2,539.71 Bn | 242.10 Mn | -101.30 Mn |
| 4 | Nanobiotix | 2,199.85 Bn | 2,199.78 Bn | - | - |
| 5 | Akari Therapeutics | 1,635.88 Bn | 1,635.88 Bn | - | 1.46 Mn |
| 6 | Vertex Pharmaceuticals | 111.32 Bn | 104.07 Bn | 2.59 Bn | 961.60 Mn |
| 7 | Evaxion A | 62.56 Bn | 62.54 Bn | - | -2.30 Mn |
| 8 | Regeneron Pharmaceuticals | 62.55 Bn | 53.79 Bn | 3.31 Bn | 1.54 Bn |
| 9 | Alnylam Pharmaceuticals | 39.57 Bn | 36.56 Bn | 959.66 Mn | 364.87 Mn |
| 10 | Revolution Medicines | 32.39 Bn | 32.39 Bn | - | 343.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 961.60 Mn |
| Dec 31, 2025 | 973.70 Mn |
| Sep 30, 2025 | 977.70 Mn |
| Jun 30, 2025 | 978.40 Mn |
| Mar 31, 2025 | 979.70 Mn |
| Dec 31, 2024 | 998.70 Mn |
| Sep 30, 2024 | 875.90 Mn |
| Jun 30, 2024 | 966.60 Mn |
| Mar 31, 2024 | 789.10 Mn |
| Dec 31, 2023 | 824.60 Mn |
| Sep 30, 2023 | 810.00 Mn |
| Jun 30, 2023 | 785.70 Mn |
| Mar 31, 2023 | 742.60 Mn |
| Dec 31, 2022 | 694.10 Mn |
| Sep 30, 2022 | 645.00 Mn |
| Jun 30, 2022 | 600.10 Mn |
| Mar 31, 2022 | 601.10 Mn |
| Dec 31, 2021 | 567.80 Mn |
| Sep 30, 2021 | 467.00 Mn |
| Jun 30, 2021 | 448.70 Mn |
| Mar 31, 2021 | 456.00 Mn |
| Dec 31, 2020 | 466.58 Mn |
| Sep 30, 2020 | 493.50 Mn |
| Jun 30, 2020 | 420.93 Mn |
| Mar 31, 2020 | 448.53 Mn |
| Dec 31, 2019 | 480.01 Mn |
| Sep 30, 2019 | 555.95 Mn |
| Jun 30, 2019 | 379.09 Mn |
| Mar 31, 2019 | 339.49 Mn |
| Dec 31, 2018 | 437.88 Mn |
| Sep 30, 2018 | 330.51 Mn |
| Jun 30, 2018 | 337.53 Mn |
| Mar 31, 2018 | 310.55 Mn |
| Dec 31, 2017 | 306.66 Mn |
| Sep 30, 2017 | 454.95 Mn |
| Jun 30, 2017 | 289.45 Mn |
| Mar 31, 2017 | 273.56 Mn |
| Dec 31, 2016 | 248.45 Mn |
| Sep 30, 2016 | 272.37 Mn |
| Jun 30, 2016 | 271.01 Mn |
| Mar 31, 2016 | 255.86 Mn |
| Dec 31, 2015 | 310.18 Mn |
| Sep 30, 2015 | 246.28 Mn |
| Jun 30, 2015 | 223.86 Mn |
| Mar 31, 2015 | 215.60 Mn |
| Dec 31, 2014 | 201.46 Mn |
| Sep 30, 2014 | 190.94 Mn |
| Jun 30, 2014 | 224.49 Mn |
| Mar 31, 2014 | 238.62 Mn |
| Dec 31, 2013 | 238.46 Mn |
| Sep 30, 2013 | 219.44 Mn |
| Jun 30, 2013 | 213.99 Mn |
| Mar 31, 2013 | 210.20 Mn |
| Dec 31, 2012 | 213.11 Mn |
| Sep 30, 2012 | 200.16 Mn |
| Jun 30, 2012 | 196.54 Mn |
| Mar 31, 2012 | 196.37 Mn |
| Dec 31, 2011 | 186.44 Mn |
| Sep 30, 2011 | 189.05 Mn |
| Mar 31, 2011 | 158.61 Mn |
| Dec 31, 2010 | 168.89 Mn |
| Sep 30, 2010 | 170.43 Mn |
| Jun 30, 2010 | 155.08 Mn |
| Mar 31, 2010 | 143.01 Mn |
| Dec 31, 2009 | 135.23 Mn |
| Sep 30, 2009 | 132.13 Mn |
| Jun 30, 2009 | 139.33 Mn |
| Mar 31, 2009 | 143.58 Mn |