Incyte (INCY) r&d spend was $2.1B in FY2025 (-21% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$2.1B
-21%
2024
$2.6B
+60%
2023
$1.6B
+3%
2022
$1.6B
+9%
2021
$1.5B
-34%
2020
$2.2B
+92%
2019
$1.2B
-4%
2018
$1.2B
-10%
2017
$1.3B
+128%
2016
$582M
+21%
2015
$480M
+38%
2014
$348M
+33%
2013
$260M
+24%
2012
$210M
+18%
2011
$179M
+44%
2010
$124M
+4%
2009
$119M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$516M
Q4 2025
$611M
Q3 2025
$507M
Q2 2025
$495M
Q1 2025
$437M
Q4 2024
$466M
Q3 2024
$573M
Q2 2024
$1.1B
Q1 2024
$429M
Q4 2023
$444M
Q3 2023
$376M
Q2 2023
$401M
Source: INCY on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.