Vertex Pharmaceuticals (VRTX) Research & Development (2009 - 2026)

Vertex Pharmaceuticals (VRTX) recorded quarterly Research & Development of $961.6 million in Q1 2026, down 1.24% quarter-over-quarter from $973.7 million in Q4 2025, and down 1.85% on a YoY basis from $979.7 million in Q1 2025.

Vertex Pharmaceuticals (VRTX) Research & Development (2009 - 2026) Analysis & Trends

Vertex Pharmaceuticals' Research & Development history runs 18 years deep, the most recent figure standing at $961.6 million for Q1 2026.

  • In Q1 2026, Research & Development fell 1.85% year-over-year to $961.6 million; the TTM figure through Mar 2026 stood at $3.9 billion (up 1.85% YoY), while the FY2025 annual figure was $3.9 billion, up 7.69% from the prior year.
  • Research & Development was $961.6 million for Q1 2026 at Vertex Pharmaceuticals, down from $973.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $998.7 million in Q4 2024 to a low of $600.1 million in Q2 2022.
  • Historically, Research & Development has averaged $835.6 million across 5 years, with a median of $824.6 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Research & Development soared 38.12% in 2022, then decreased 2.5% in 2025.
  • A 5-year view of Research & Development shows it stood at $694.1 million in 2022, then climbed by 18.8% to $824.6 million in 2023, then gained by 21.11% to $998.7 million in 2024, then dropped by 2.5% to $973.7 million in 2025, then declined 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 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.32 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 15.66 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 626,092.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -101.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -2.30 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 1.46 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 357,444.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 961.60 Mn
9 Abivax 91.96 Bn 91.96 Bn - -58.00 Mn
10 Regeneron Pharmaceuticals 63.43 Bn 54.67 Bn 3.31 Bn 1.54 Bn

Historic Data

Download Data
DateValue
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