Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2022 7.191B
December 31, 2021 6.931B
December 31, 2020 6.086B
December 31, 2019 5.595B
December 31, 2018 5.051B
December 31, 2017 5.096B
December 31, 2016 5.310B
December 31, 2015 4.796B
December 31, 2014 4.734B
December 31, 2013 5.531B
December 31, 2012 5.278B
December 31, 2011 5.021B
December 31, 2010 4.884B
December 31, 2009 4.326B
December 31, 2008 3.841B
Date Value
December 31, 2007 3.487B
December 31, 2006 3.129B
December 31, 2005 3.026B
December 31, 2004 2.691B
December 31, 2003 2.350B
December 31, 2002 2.149B
December 31, 2001 2.235B
December 31, 2000 2.018B
December 31, 1999 1.784B
December 31, 1998 1.739B
December 31, 1997 1.370B
December 31, 1996 1.190B
December 31, 1995 1.042B
December 31, 1994 838.70M

R&D Expense Definition

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

Read full definition.

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

5.051B
Minimum
2018
7.191B
Maximum
2022
6.171B
Average
6.086B
Median
2020

Research and Development Expense (Annual) Benchmarks

Amgen Inc 4.434B
Biogen Inc 2.231B
Johnson & Johnson 15.39B
Merck & Co Inc 13.55B
Pfizer Inc 11.43B