Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 1.442B
December 31, 2022 1.252B
December 31, 2021 1.134B
December 31, 2020 1.034B
December 31, 2019 935.94M
December 31, 2018 884.82M
December 31, 2017 804.22M
December 31, 2016 735.34M
December 31, 2015 637.57M
December 31, 2014 603.01M
December 31, 2013 534.02M
December 31, 2012 454.08M
December 31, 2011 400.74M
December 31, 2010 376.41M
December 31, 2009 354.70M
Date Value
December 31, 2008 457.91M
December 31, 2007 494.03M
December 31, 2006 460.06M
December 31, 2005 370.14M
December 31, 2004 351.25M
December 31, 2003 340.12M
December 31, 2002 326.41M
December 31, 2001 297.33M
December 31, 2000 263.95M
December 31, 1999 219.20M
December 31, 1998 202.80M
December 31, 1997 167.20M
December 31, 1996 123.10M
December 31, 1995 88.57M
December 31, 1994 72.57M

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

935.94M
Minimum
2019
1.442B
Maximum
2023
1.159B
Average
1.134B
Median
2021

Research and Development Expense (Annual) Benchmarks