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| 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 |