Growth Metrics

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

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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
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