Novo Nordisk A/SNVONYSE
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R&D Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+27.7%
5Y CAGR+26.5%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+27.7%/yr
vs +12.9%/yr prior
5Y CAGR
+26.5%/yr
Consistent
Acceleration
+14.8pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
3.2x
Strong expansion
Streak
6 yr
Consecutive growthStrong
PeriodValueYoY Change
2025$50.04B+4.1%
2024$48.06B+48.1%
2023$32.44B+34.9%
2022$24.05B+35.3%
2021$17.77B+14.9%
2020$15.46B+8.7%
2019$14.22B-4.0%
2018$14.80B+5.6%
2017$14.01B-3.8%
2016$14.56B-