Biogen annual r&d spending
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Biogen R&D Spending Growth & History (BIIB)
Biogen's r&d spending was $1.78B for fiscal 2025.
View full Biogen company overviewBiogen annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.78B | −$201.7M | −10.19% |
| 2024 | 2024-12-31 | $1.98B | −$465.1M | −19.02% |
| 2023 | 2023-12-31 | $2.45B | $214.3M | +9.61% |
| 2022 | 2022-12-31 | $2.23B | −$270.1M | −10.80% |
| 2021 | 2021-12-31 | $2.50B | −$1.49B | −37.33% |
| 2020 | 2020-12-31 | $3.99B | $1.71B | +74.99% |
| 2019 | 2019-12-31 | $2.28B | −$316.6M | −12.19% |
| 2018 | 2018-12-31 | $2.60B | $343.6M | +15.25% |
| 2017 | 2017-12-31 | $2.25B | $280.3M | +14.20% |
| 2016 | 2016-12-31 | $1.97B | −$39.5M | −1.96% |
| 2015 | 2015-12-31 | $2.01B | $119.4M | +6.31% |
| 2014 | 2014-12-31 | $1.89B | $449.3M | +31.11% |
| 2013 | 2013-12-31 | $1.44B | $109.2M | +8.18% |
| 2012 | 2012-12-31 | $1.33B | $115.3M | +9.46% |
| 2011 | 2011-12-31 | $1.22B | −$29.0M | −2.32% |
| 2010 | 2010-12-31 | $1.25B | −$34.5M | −2.69% |
| 2009 | 2009-12-31 | $1.28B | $211.0M | +19.68% |
| 2008 | 2008-12-31 | $1.07B | $146.9M | +15.88% |
| 2007 | 2007-12-31 | $925.2M | — | — |
Biogen quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $529.6M | $130.6M | +32.73% |
| Q1 2026 | 2026-03-31 | $539.0M | $104.9M | +24.16% |
| Q4 2025 | 2025-12-31 | $509.4M | −$3.9M | −0.76% |
| Q3 2025 | 2025-09-30 | $436.1M | −$80.1M | −15.52% |
| Q2 2025 | 2025-06-30 | $399.0M | −$106.4M | −21.05% |
| Q1 2025 | 2025-03-31 | $434.1M | −$11.3M | −2.54% |
| Q4 2024 | 2024-12-31 | $513.3M | −$41.0M | −7.40% |
| Q3 2024 | 2024-09-30 | $516.2M | −$220.1M | −29.89% |
| Q2 2024 | 2024-06-30 | $505.4M | −$78.8M | −13.49% |
| Q1 2024 | 2024-03-31 | $445.4M | −$125.2M | −21.94% |
| Q4 2023 | 2023-12-31 | $554.3M | −$47.3M | −7.86% |
| Q3 2023 | 2023-09-30 | $736.3M | $187.1M | +34.07% |
| Q2 2023 | 2023-06-30 | $584.2M | $55.6M | +10.52% |
| Q1 2023 | 2023-03-31 | $570.6M | $18.9M | +3.43% |
| Q4 2022 | 2022-12-31 | $601.6M | −$97.9M | −14.00% |
| Q3 2022 | 2022-09-30 | $549.2M | −$153.2M | −21.81% |
| Q2 2022 | 2022-06-30 | $528.6M | −$56.5M | −9.66% |
| Q1 2022 | 2022-03-31 | $551.7M | $37.5M | +7.29% |
| Q4 2021 | 2021-12-31 | $699.5M | −$1.03B | −59.48% |
| Q3 2021 | 2021-09-30 | $702.4M | −$438.5M | −38.43% |
| Q2 2021 | 2021-06-30 | $585.1M | −$62.5M | −9.65% |
| Q1 2021 | 2021-03-31 | $514.2M | $37.9M | +7.96% |
| Q4 2020 | 2020-12-31 | $1.73B | $1.03B | +149.54% |
| Q3 2020 | 2020-09-30 | $1.14B | $600.5M | +111.12% |
| Q2 2020 | 2020-06-30 | $647.6M | $162.8M | +33.58% |
| Q1 2020 | 2020-03-31 | $476.3M | −$87.4M | −15.50% |
| Q4 2019 | 2019-12-31 | $691.7M | $80.1M | +13.10% |
| Q3 2019 | 2019-09-30 | $540.4M | $32.5M | +6.40% |
| Q2 2019 | 2019-06-30 | $484.8M | −$496.2M | −50.58% |
| Q1 2019 | 2019-03-31 | $563.7M | $67.0M | +13.49% |
| Q4 2018 | 2018-12-31 | $611.6M | $24.0M | +4.08% |
| Q3 2018 | 2018-09-30 | $507.9M | $61.5M | +13.78% |
| Q2 2018 | 2018-06-30 | $981.0M | $184.8M | +23.21% |
| Q1 2018 | 2018-03-31 | $496.7M | $73.3M | +17.31% |
| Q4 2017 | 2017-12-31 | $587.6M | $53.7M | +10.06% |
| Q3 2017 | 2017-09-30 | $446.4M | −$82.6M | −15.61% |
| Q2 2017 | 2017-06-30 | $796.2M | $323.1M | +68.29% |
| Q1 2017 | 2017-03-31 | $423.4M | −$13.9M | −3.18% |
| Q4 2016 | 2016-12-31 | $533.9M | −$7.8M | −1.44% |
| Q3 2016 | 2016-09-30 | $529.0M | $9.1M | +1.75% |
| Q2 2016 | 2016-06-30 | $473.1M | −$17.6M | −3.59% |
| Q1 2016 | 2016-03-31 | $437.3M | −$23.2M | −5.04% |
| Q4 2015 | 2015-12-31 | $541.7M | $41.6M | +8.33% |
| Q3 2015 | 2015-09-30 | $519.9M | $102.7M | +24.62% |
| Q2 2015 | 2015-06-30 | $490.7M | $43.4M | +9.71% |
| Q1 2015 | 2015-03-31 | $460.5M | −$68.4M | −12.93% |
| Q4 2014 | 2014-12-31 | $500.1M | $77.8M | +18.42% |
| Q3 2014 | 2014-09-30 | $417.2M | $7.2M | +1.75% |
| Q2 2014 | 2014-06-30 | $447.3M | $119.8M | +36.59% |
| Q1 2014 | 2014-03-31 | $528.9M | $244.5M | +86.00% |
| Q4 2013 | 2013-12-31 | $422.3M | $77.1M | +22.34% |
| Q3 2013 | 2013-09-30 | $410.0M | $105.8M | +34.78% |
| Q2 2013 | 2013-06-30 | $327.5M | −$2.1M | −0.64% |
| Q1 2013 | 2013-03-31 | $284.3M | −$71.6M | −20.12% |
| Q4 2012 | 2012-12-31 | $345.2M | $6.2M | +1.84% |
| Q3 2012 | 2012-09-30 | $304.2M | $2.8M | +0.94% |
| Q2 2012 | 2012-06-30 | $329.6M | $43.9M | +15.37% |
| Q1 2012 | 2012-03-31 | $356.0M | $62.3M | +21.23% |
| Q4 2011 | 2011-12-31 | $338.9M | $48.1M | +16.53% |
| Q3 2011 | 2011-09-30 | $301.4M | −$17.7M | −5.54% |
| Q2 2011 | 2011-06-30 | $285.6M | −$46.0M | −13.88% |
| Q1 2011 | 2011-03-31 | $293.6M | −$13.4M | −4.36% |
| Q4 2010 | 2010-12-31 | $290.8M | $7.8M | +2.74% |
| Q3 2010 | 2010-09-30 | $319.1M | $15.0M | +4.93% |
| Q2 2010 | 2010-06-30 | $331.7M | −$84.8M | −20.36% |
| Q1 2010 | 2010-03-31 | $307.0M | $27.6M | +9.86% |
| Q4 2009 | 2009-12-31 | $283.1M | — | — |
| Q3 2009 | 2009-09-30 | $304.1M | $35.3M | +13.12% |
| Q2 2009 | 2009-06-30 | $416.5M | $164.2M | +65.09% |
| Q1 2009 | 2009-03-31 | $279.5M | — | — |
| Q3 2008 | 2008-09-30 | $268.8M | — | — |
| Q2 2008 | 2008-06-30 | $252.3M | — | — |
Biogen r&d spending trends
Over the last five fiscal years, Biogen's r&d spending decreased from $3.99B to $1.78B, a change of −$2.21B. The latest reported quarter, Q2 2026, shows $529.6M.
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 Biogen source filings ↗