* With the 2015 Annual Report, values back to 2011 were restated, as a result of a series of transactions during 2015. ** During 2019, the eye care division Alcon was spun off and became its own company. Thus, Alcon's expenses are not included. ** During 2023,the generics division Sandoz was spun off and became its own company. Thus, Sandoz's expenses are not included.
This statistic was assembled from several annual reports.
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Novartis' expenditure on research and development 2004-2025
In 2025, Novartis spent approximately ** billion U.S. dollars on research and development, an increase in comparison to the previous year. Novartis AG is one of the world's largest pharma companies
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Novartis. (February 3, 2026). Novartis AG's expenditure on research and development from 2004 to 2025 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/
Novartis. "Novartis AG's expenditure on research and development from 2004 to 2025 (in billion U.S. dollars)." Chart. February 3, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/
Novartis. (2026). Novartis AG's expenditure on research and development from 2004 to 2025 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/
Novartis. "Novartis Ag's Expenditure on Research and Development from 2004 to 2025 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Feb 2026, /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/
Novartis, Novartis AG's expenditure on research and development from 2004 to 2025 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/ (last visited July 24, 2026)
Novartis AG's expenditure on research and development from 2004 to 2025 (in billion U.S. dollars) [Graph], Novartis, February 3, 2026. [Online]. Available: /statistics/266134/novartis-expenditure-on-research-and-development-since-2004/
