Research and Development Expense (Annual) Chart

Historical Research and Development Expense (Annual) Data

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Date Value
December 31, 2023 4.845B
December 31, 2022 3.295B
December 31, 2021 1.991B
December 31, 2020 1.37B
Date Value
December 31, 2019 496.00M
December 31, 2018 454.08M
December 31, 2017 410.46M
December 31, 2016 274.72M

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

496.00M
Minimum
2019
4.845B
Maximum
2023
2.399B
Average
1.991B
Median
2021

Research and Development Expense (Annual) Benchmarks

Eli Lilly and Co 9.313B
Merck & Co Inc 30.53B
Pfizer Inc 10.68B
Novavax Inc 737.50M
Amgen Inc 4.784B