Amgen annual r&d spending
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Amgen R&D Spending Growth & History (AMGN)
Amgen's r&d spending was $7.27B for fiscal 2025.
View full Amgen company overviewAmgen annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.27B | $1.31B | +21.93% |
| 2024 | 2024-12-31 | $5.96B | $1.18B | +24.67% |
| 2023 | 2023-12-31 | $4.78B | $350.0M | +7.89% |
| 2022 | 2022-12-31 | $4.43B | −$385.0M | −7.99% |
| 2021 | 2021-12-31 | $4.82B | $612.0M | +14.55% |
| 2020 | 2020-12-31 | $4.21B | $91.0M | +2.21% |
| 2019 | 2019-12-31 | $4.12B | $379.0M | +10.14% |
| 2018 | 2018-12-31 | $3.74B | $175.0M | +4.91% |
| 2017 | 2017-12-31 | $3.56B | −$278.0M | −7.24% |
| 2016 | 2016-12-31 | $3.84B | −$230.0M | −5.65% |
| 2015 | 2015-12-31 | $4.07B | −$227.0M | −5.28% |
| 2014 | 2014-12-31 | $4.30B | $214.0M | +5.24% |
| 2013 | 2013-12-31 | $4.08B | $703.0M | +20.80% |
| 2012 | 2012-12-31 | $3.38B | $213.0M | +6.73% |
| 2011 | 2011-12-31 | $3.17B | $273.0M | +9.43% |
| 2010 | 2010-12-31 | $2.89B | $30.0M | +1.05% |
| 2009 | 2009-12-31 | $2.86B | −$166.0M | −5.48% |
| 2008 | 2008-12-31 | $3.03B | −$236.0M | −7.23% |
| 2007 | 2007-12-31 | $3.27B | — | — |
Amgen quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.87B | $124.0M | +7.11% |
| Q1 2026 | 2026-03-31 | $1.72B | $233.0M | +15.68% |
| Q4 2025 | 2025-12-31 | $2.14B | $418.0M | +24.25% |
| Q3 2025 | 2025-09-30 | $1.90B | $450.0M | +31.03% |
| Q2 2025 | 2025-06-30 | $1.74B | $297.0M | +20.53% |
| Q1 2025 | 2025-03-31 | $1.49B | $143.0M | +10.65% |
| Q4 2024 | 2024-12-31 | $1.72B | $190.0M | +12.39% |
| Q3 2024 | 2024-09-30 | $1.45B | $371.0M | +34.38% |
| Q2 2024 | 2024-06-30 | $1.45B | $334.0M | +30.01% |
| Q1 2024 | 2024-03-31 | $1.34B | $285.0M | +26.94% |
| Q4 2023 | 2023-12-31 | $1.53B | $210.0M | +15.86% |
| Q3 2023 | 2023-09-30 | $1.08B | −$33.0M | −2.97% |
| Q2 2023 | 2023-06-30 | $1.11B | $74.0M | +7.12% |
| Q1 2023 | 2023-03-31 | $1.06B | $99.0M | +10.32% |
| Q4 2022 | 2022-12-31 | $1.32B | −$24.0M | −1.78% |
| Q3 2022 | 2022-09-30 | $1.11B | −$310.0M | −21.80% |
| Q2 2022 | 2022-06-30 | $1.04B | −$43.0M | −3.97% |
| Q1 2022 | 2022-03-31 | $959.0M | −$8.0M | −0.83% |
| Q4 2021 | 2021-12-31 | $1.35B | $119.0M | +9.68% |
| Q3 2021 | 2021-09-30 | $1.42B | $360.0M | +33.90% |
| Q2 2021 | 2021-06-30 | $1.08B | $118.0M | +12.24% |
| Q1 2021 | 2021-03-31 | $967.0M | $15.0M | +1.58% |
| Q4 2020 | 2020-12-31 | $1.23B | −$83.0M | −6.33% |
| Q3 2020 | 2020-09-30 | $1.06B | $61.0M | +6.09% |
| Q2 2020 | 2020-06-30 | $964.0M | $40.0M | +4.33% |
| Q1 2020 | 2020-03-31 | $952.0M | $73.0M | +8.30% |
| Q4 2019 | 2019-12-31 | $1.31B | $130.0M | +11.00% |
| Q3 2019 | 2019-09-30 | $1.00B | $75.0M | +8.10% |
| Q2 2019 | 2019-06-30 | $924.0M | $55.0M | +6.33% |
| Q1 2019 | 2019-03-31 | $879.0M | $119.0M | +15.66% |
| Q4 2018 | 2018-12-31 | $1.18B | $139.0M | +13.33% |
| Q3 2018 | 2018-09-30 | $926.0M | $49.0M | +5.59% |
| Q2 2018 | 2018-06-30 | $869.0M | −$4.0M | −0.46% |
| Q1 2018 | 2018-03-31 | $760.0M | −$9.0M | −1.17% |
| Q4 2017 | 2017-12-31 | $1.04B | −$35.0M | −3.25% |
| Q3 2017 | 2017-09-30 | $877.0M | −$113.0M | −11.41% |
| Q2 2017 | 2017-06-30 | $873.0M | −$27.0M | −3.00% |
| Q1 2017 | 2017-03-31 | $769.0M | −$103.0M | −11.81% |
| Q4 2016 | 2016-12-31 | $1.08B | −$15.0M | −1.37% |
| Q3 2016 | 2016-09-30 | $990.0M | −$129.0M | −11.53% |
| Q2 2016 | 2016-06-30 | $900.0M | −$64.0M | −6.64% |
| Q1 2016 | 2016-03-31 | $872.0M | −$22.0M | −2.46% |
| Q4 2015 | 2015-12-31 | $1.09B | −$141.0M | −11.43% |
| Q3 2015 | 2015-09-30 | $1.12B | $101.0M | +9.92% |
| Q2 2015 | 2015-06-30 | $964.0M | −$54.0M | −5.30% |
| Q1 2015 | 2015-03-31 | $894.0M | −$133.0M | −12.95% |
| Q4 2014 | 2014-12-31 | $1.23B | −$15.0M | −1.20% |
| Q3 2014 | 2014-09-30 | $1.02B | $29.0M | +2.93% |
| Q2 2014 | 2014-06-30 | $1.02B | $51.0M | +5.27% |
| Q1 2014 | 2014-03-31 | $1.03B | $149.0M | +16.97% |
| Q4 2013 | 2013-12-31 | $1.25B | $311.0M | +33.16% |
| Q3 2013 | 2013-09-30 | $989.0M | $109.0M | +12.39% |
| Q2 2013 | 2013-06-30 | $967.0M | $141.0M | +17.07% |
| Q1 2013 | 2013-03-31 | $878.0M | $142.0M | +19.29% |
| Q4 2012 | 2012-12-31 | $938.0M | $87.0M | +10.22% |
| Q3 2012 | 2012-09-30 | $880.0M | $119.0M | +15.64% |
| Q2 2012 | 2012-06-30 | $826.0M | $7.0M | +0.85% |
| Q1 2012 | 2012-03-31 | $736.0M | $0 | 0.00% |
| Q4 2011 | 2011-12-31 | $851.0M | −$3.0M | −0.35% |
| Q3 2011 | 2011-09-30 | $761.0M | $42.0M | +5.84% |
| Q2 2011 | 2011-06-30 | $819.0M | $144.0M | +21.33% |
| Q1 2011 | 2011-03-31 | $736.0M | $90.0M | +13.93% |
| Q4 2010 | 2010-12-31 | $854.0M | −$37.0M | −4.15% |
| Q3 2010 | 2010-09-30 | $719.0M | $72.0M | +11.13% |
| Q2 2010 | 2010-06-30 | $675.0M | −$18.0M | −2.60% |
| Q1 2010 | 2010-03-31 | $646.0M | $13.0M | +2.05% |
| Q4 2009 | 2009-12-31 | $891.0M | — | — |
| Q3 2009 | 2009-09-30 | $647.0M | −$82.0M | −11.25% |
| Q2 2009 | 2009-06-30 | $693.0M | −$116.0M | −14.34% |
| Q1 2009 | 2009-03-31 | $633.0M | — | — |
| Q3 2008 | 2008-09-30 | $729.0M | — | — |
| Q2 2008 | 2008-06-30 | $809.0M | — | — |
Amgen r&d spending trends
Over the last five fiscal years, Amgen's r&d spending increased from $4.21B to $7.27B, a change of $3.06B. The latest reported quarter, Q2 2026, shows $1.87B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Amgen source filings ↗