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

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

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

Vertex Pharmaceuticals (VRTX) has reported Research & Development for 18 consecutive years, with $961.6 million the latest figure, recorded in 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 came in at $961.6 million for Q1 2026 at Vertex Pharmaceuticals, 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.
  • Across the five-year window, Research & Development soared 38.12% in 2022 and declined 2.5% in 2025, its largest moves.
  • Year by year, Research & Development stood at $694.1 million in 2022, then rose by 18.8% to $824.6 million in 2023, then grew by 21.11% to $998.7 million in 2024, then retreated by 2.5% to $973.7 million in 2025, then decreased by 1.24% to $961.6 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $961.6 million, $973.7 million, and $977.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Genmab A 276,399.99 Bn 276,398.47 Bn 831.00 Mn -440.00 Mn
2 Akari Therapeutics 1,217.26 Bn 1,217.26 Bn - 1.46 Mn
3 BeOne Medicines 419.38 Bn 414.59 Bn 1.35 Bn 541.22 Mn
4 Vertex Pharmaceuticals 126.54 Bn 119.30 Bn 2.59 Bn 961.60 Mn
5 Pharming 110.17 Bn 110.12 Bn 65.80 Mn -25.56 Mn
6 Regeneron Pharmaceuticals 64.97 Bn 56.22 Bn 3.31 Bn 1.54 Bn
7 Argenx Se 56.44 Bn 56.44 Bn 1.18 Bn -443.00 Mn
8 Alnylam Pharmaceuticals 40.09 Bn 37.08 Bn 959.66 Mn 364.87 Mn
9 Revolution Medicines 37.15 Bn 37.15 Bn - 343.97 Mn
10 Moderna 28.64 Bn 23.43 Bn -566.00 Mn 649.00 Mn

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