Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 962.45M
December 31, 2022 752.35M
December 31, 2021 419.77M
December 31, 2020 210.63M
Date Value
December 31, 2019 111.42M
December 31, 2018 55.18M
December 31, 2017 24.73M

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

111.42M
Minimum
2019
962.45M
Maximum
2023
491.32M
Average
419.77M
Median
2021

Research and Development Expense (Annual) Benchmarks