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

Vertex Pharmaceuticals' (VRTX) 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 (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.

  • On a quarterly basis, Research & Development fell 1.85% year-over-year to $961.6 million in Q1 2026; TTM through Mar 2026 was $3.9 billion, a 1.85% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, up 7.69% from the prior year.
  • Research & Development eased to $961.6 million in Q1 2026 per VRTX's latest filing, from $973.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $998.7 million in Q4 2024 and bottomed at $600.1 million in Q2 2022.
  • The 5-year median for Research & Development is $824.6 million (2023), against an average of $835.6 million.
  • Across the five-year window, Research & Development surged 38.12% in 2022 and dropped 2.5% in 2025, its largest moves.
  • Year by year, Research & Development 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.
  • Per Business Quant, the three latest VRTX Research & Development figures stand at $961.6 million (Q1 2026), $973.7 million (Q4 2025), and $977.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Alnylam Pharmaceuticals 36.08 Bn 33.07 Bn 959.66 Mn 364.87 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