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Bristol Myers Squibb (BMY) R&D spending by quarter

Bristol Myers Squibb's R&D spending was $2.4B in Q3 2026 (third quarter 2026), -20% from Q2 2026. Over the last 7 quarters it ranged from $2.3B (Q1 2025) to $3.0B (Q2 2026).

Bristol Myers Squibb R&D spending by quarterBristol Myers Squibb R&D spending by quarter$2.3BQ1 2025$2.6BQ2 2025$2.5BQ3 2025$2.6BQ4 2025$2.6BQ1 2026$3.0BQ2 2026$2.4BQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$2.4B-20%-6%
Q2 2026$3.0B+12%+15%
Q1 2026$2.6B+2%+17%
Q4 2025$2.6B+2%—
Q3 2025$2.5B-2%—
Q2 2025$2.6B+14%—
Q1 2025$2.3B——

Q3 2026 at a glance

Bristol Myers Squibb, Q3 2026: revenue $13.1B (+7% year over year), operating margin 19.4%, net earnings $2.2B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Bristol Myers Squibb's R&D spending?

Bristol Myers Squibb's R&D spending was $2.4B in Q3 2026 (third quarter 2026), -20% from Q2 2026.

How has Bristol Myers Squibb's R&D spending changed?

Over the last 7 quarters it ranged from $2.3B (Q1 2025) to $3.0B (Q2 2026).

Q3 2026 results → · How Bristol Myers Squibb makes money →