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Vertex Pharmaceuticals VRTX Business Segments — Product revenues, net
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Where this comes from
Reported directly by Vertex Pharmaceuticals in its filing.
Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
The source filing: Vertex Pharmaceuticals’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:08 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000875320-26-000173
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| (in millions) | ||
| Total revenues | $2,986.9 | $2,770.2 |
| Costs and expenses: | ||
| Cost of sales - products | 160.2 | 130.6 |
| Cost of sales - royalty | 232.6 | 232.4 |
| Research expenses | 205.0 | 206.1 |
| Development expenses | 756.6 | 773.6 |
| Acquired in-process research and development expenses | 0.5 | 19.8 |
Item 1. Financial Statements (unaudited)
FAQ
- What is Vertex Pharmaceuticals's business segments — product revenues, net?
- Vertex Pharmaceuticals (VRTX) reported business segments — product revenues, net of $2.99B in Q1 2026.
- How has Vertex Pharmaceuticals's business segments — product revenues, net changed year-over-year?
- Vertex Pharmaceuticals's business segments — product revenues, net increased by 7.8% year-over-year, from $2.77B to $2.99B.
- What is the long-term trend for Vertex Pharmaceuticals's business segments — product revenues, net?
- Over 3 years (2022 to 2025), Vertex Pharmaceuticals's business segments — product revenues, net has grown at a 10.4% compound annual growth rate (CAGR), from $8.93B to $12B.
- What does business segments — product revenues, net mean?
- Represents the total revenue generated from the sale of pharmaceutical products after accounting for returns, rebates, and discounts. This is the primary indicator of market demand and commercial success for the company's therapeutic portfolio.
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