R&D expense · 2015–2025

Fresenius Medical Care R&D expense

$179M−10.1% · FY2025

Fresenius Medical Care (FMS) reported $179M in R&D expense for fiscal 2025, −10.1% year on year.

$142M2015$162M2016$125M2017$135M2018$188M2019$221M2020$261M2021$241M2022$251M2023$199M2024$179M2025
Fresenius Medical Care — R&D expense, 2015–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$179M−10.1%Open →
FY20242024-12-31$199M−20.8%Open →
FY20232023-12-31$251M+4.2%Open →
FY20222022-12-31$241M−7.8%Open →
FY20212021-12-31$261M+18.0%Open →
FY20202020-12-31$221M+17.7%Open →
FY20192019-12-31$188M+39.6%Open →
FY20182018-12-31$135M+7.4%Open →
FY20172017-12-31$125M−22.7%Open →
FY20162016-12-31$162M+14.1%Open →
FY20152015-12-31$142M—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 · 2015–2025 compound annual growth +2.3%

Figures are reported under IFRS in EUR and converted to US dollars at ECB reference rates — fiscal 2025 average 0.885 EUR/$ for income items, year-end 0.851 EUR/$ for balance-sheet items.

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=Fresenius Medical Care R&D expense |url=https://companiesranked.com/en/company/fresenius-medical-care/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Fresenius Medical Care R&D expense. CompaniesRanked. https://companiesranked.com/en/company/fresenius-medical-care/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-fresenius-medical-care-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Fresenius Medical Care R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/fresenius-medical-care/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: 20-F · 0001104659-26-019005 · February 24, 2026

{{cite web |title=Fresenius Medical Care R&D expense — 20-F (0001104659-26-019005) |url=https://www.sec.gov/Archives/edgar/data/1333141/000110465926019005/fms-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-24}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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