R&D expense · 2011–2025

Biogen R&D expense

$1.8B−10.2% · FY2025

Biogen (BIIB) reported $1.8B in R&D expense for fiscal 2025, −10.2% year on year.

$1.2B2011$1.3B2012$1.4B2013$1.9B2014$2.0B2015$2.0B2016$2.3B2017$2.6B2018$2.3B2019$4.0B2020$2.5B2021$2.2B2022$2.4B2023$2.0B2024$1.8B2025
Biogen — R&D expense, 2011–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$1.8B−10.2%Open →
FY20242024-12-31$2.0B−19.0%Open →
FY20232023-12-31$2.4B+9.6%Open →
FY20222022-12-31$2.2B−10.8%Open →
FY20212021-12-31$2.5B−37.3%Open →
FY20202020-12-31$4.0B+75.0%Open →
FY20192019-12-31$2.3B−12.2%Open →
FY20182018-12-31$2.6B+15.2%Open →
FY20172017-12-31$2.3B+14.2%Open →
FY20162016-12-31$2.0B−2.0%Open →
FY20152015-12-31$2.0B+6.3%Open →
FY20142014-12-31$1.9B+31.1%Open →
FY20132013-12-31$1.4B+8.2%Open →
FY20122012-12-31$1.3B+9.5%Open →
FY20112011-12-31$1.2B—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +2.7%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Biogen R&D expense |url=https://companiesranked.com/en/company/biogen/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Biogen R&D expense. CompaniesRanked. https://companiesranked.com/en/company/biogen/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-biogen-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Biogen R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/biogen/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0000875045-26-000013 · February 6, 2026

{{cite web |title=Biogen R&D expense — 10-K (0000875045-26-000013) |url=https://www.sec.gov/Archives/edgar/data/875045/000087504526000013/biib-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-06}}

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