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Sanofi (SNY) R&D spending by quarter

Sanofi's R&D spending was $1.8B in Q3 2026 (third quarter 2026), -17% from Q2 2026. Over the last 6 quarters it ranged from $1.7B (Q1 2026) to $2.3B (Q4 2025).

Sanofi R&D spending by quarterSanofi R&D spending by quarter$1.9BQ2 2025$1.8BQ3 2025$2.3BQ4 2025$1.7BQ1 2026$2.2BQ2 2026$1.8BQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$1.8B-17%+0.8%
Q2 2026$2.2B+28%+17%
Q1 2026$1.7B-24%—
Q4 2025$2.3B+25%—
Q3 2025$1.8B-4%—
Q2 2025$1.9B——

Q3 2026 at a glance

Sanofi, Q3 2026: revenue $14.4B (+16% year over year), operating margin 30.1%, net earnings $3.0B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.

Questions

What is Sanofi's R&D spending?

Sanofi's R&D spending was $1.8B in Q3 2026 (third quarter 2026), -17% from Q2 2026.

How has Sanofi's R&D spending changed?

Over the last 6 quarters it ranged from $1.7B (Q1 2026) to $2.3B (Q4 2025).

Q3 2026 results → · How Sanofi makes money →