Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 15.08B
December 31, 2022 14.14B
December 31, 2021 14.28B
December 31, 2020 12.34B
December 31, 2019 11.36B
December 31, 2018 10.78B
December 31, 2017 10.59B
December 31, 2016 9.143B
December 31, 2015 9.046B
December 31, 2014 8.494B
December 31, 2013 8.183B
December 31, 2012 7.665B
December 31, 2011 7.548B
December 31, 2010 6.844B
December 31, 2009 6.986B
Date Value
December 31, 2008 7.577B
December 31, 2007 7.68B
December 31, 2006 7.125B
December 31, 2005 6.462B
December 31, 2004 5.344B
December 31, 2003 4.684B
December 31, 2002 3.957B
December 31, 2001 3.591B
December 31, 2000 3.105B
December 31, 1999 2.768B
December 31, 1998 2.336B
December 31, 1997 2.14B
December 31, 1996
December 31, 1995
December 31, 1994 1.278B

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

11.36B
Minimum
2019
15.08B
Maximum
2023
13.44B
Average
14.14B
Median
2022

Research and Development Expense (Annual) Benchmarks

Amgen Inc 4.784B
Eli Lilly and Co 9.313B
Merck & Co Inc 30.53B
Pfizer Inc 10.68B
AbbVie Inc 8.453B