PFE.BAPFE.BABUE
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R&D Expenses Over TimeContracting
Percentile Rank57
3Y CAGR-7.8%
5Y CAGR-1.0%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
-7.8%/yr
vs +9.3%/yr prior
5Y CAGR
-1.0%/yr
Recent deceleration
Acceleration
-17.1pp
Decelerating
Percentile
P57
Within normal range
vs 5Y Ago
1x
Modest growth
Streak
1 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$8.96B-17.2%
2024$10.82B+1.3%
2023$10.68B-6.6%
2022$11.43B+10.3%
2021$10.36B+10.2%
2020$9.40B+8.7%
2019$8.65B+8.0%
2018$8.01B+4.6%
2017$7.66B-2.7%
2016$7.87B-