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| 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 |