Quick Answer
ELI LILLY & Co reported R&D Expense of $7.19 billion for fiscal year 2022.
ELI LILLY & Co R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2022 | $7.19B | +3.8% |
| 2021 | $6.93B | +16.0% |
| 2020 | $5.98B | +6.8% |
| 2019 | $5.59B | +10.8% |
| 2018 | $5.05B | -0.9% |
| 2017 | $5.10B | -4.0% |
| 2016 | $5.31B | +10.7% |
| 2015 | $4.80B | +1.3% |
| 2014 | $4.73B | -14.4% |
| 2013 | $5.53B | +4.8% |
| 2012 | $5.28B | +5.1% |
| 2011 | $5.02B | +2.8% |
| 2010 | $4.88B | +12.9% |
| 2009 | $4.33B | +12.6% |
| 2008 | $3.84B | +10.2% |
| 2007 | $3.49B | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| June 30, 2023 | $2.36B | +32.2% | +18.7% |
| March 31, 2023 | $1.99B | +23.3% | +10.1% |
| September 30, 2022 | $1.80B | +5.7% | +1.2% |
| June 30, 2022 | $1.78B | +7.7% | +10.7% |
| March 31, 2022 | $1.61B | -3.7% | -5.6% |
| September 30, 2021 | $1.71B | +16.4% | +3.0% |
| June 30, 2021 | $1.66B | +19.0% | -1.0% |
| March 31, 2021 | $1.67B | +20.1% | +14.1% |
- ELI LILLY & Co showed an increase of +3.8% in R&D Expense compared to the prior fiscal year.
- Over the 2007–2022 period, ELI LILLY & Co’s r&d expense has grown by 106.2% (from $3.49 billion to $7.19 billion).
- The most recent figure is from ELI LILLY & Co’s fiscal year 2022 report (Form 10-K), filed with the SEC on February 22, 2023.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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