Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 494.87M
December 31, 2022 433.66M
December 31, 2021 404.87M
December 31, 2020 355.37M
December 31, 2019 298.21M
December 31, 2018 233.80M
December 31, 2017 202.75M
December 31, 2016 183.09M
December 31, 2015 168.83M
December 31, 2014 165.42M
December 31, 2013 151.44M
December 31, 2012 132.63M
December 31, 2011 108.53M
December 31, 2010 88.99M
Date Value
December 31, 2009 79.86M
December 31, 2008 71.59M
December 31, 2007 56.48M
December 31, 2006 49.41M
December 31, 2005 30.69M
December 31, 2004 26.28M
December 31, 2003 23.79M
December 31, 2002 19.60M
December 31, 2001 16.89M
December 31, 2000 14.50M
December 31, 1999 13.48M
December 31, 1998 11.60M
December 31, 1997 11.00M
December 31, 1996 9.80M

R&D Expense Definition

R&D expense is a line item from many companies' income statements.

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Research and Development Expense (Annual) Range, Past 5 Years

298.21M
Minimum
2019
494.87M
Maximum
2023
397.40M
Average
404.87M
Median
2021

Research and Development Expense (Annual) Benchmarks