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February 15: Who Spends the Most on R&D? Amazon.

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February 15: Who Spends the Most on R&D? Amazon.

Corporations across all industries depend on research and development to stay competitive and successful.

Danny Sheridan
Feb 15, 2022
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February 15: Who Spends the Most on R&D? Amazon.

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Source: Investopedia
Published: December 2021

Who Spends the Most on R&D? Amazon.

Corporations across all industries depend on research and development (R&D) to stay competitive and successful. 

R&D departments focus on the innovation required to produce new products and services, as well as improve their current offerings.

Below are the companies who invested the most capital into R&D in 2018.

Companies with the highest R&D spending, 2018*

  1. Amazon (technology): $22.6 billion

  2. Alphabet (technology): $16.2 billion

  3. Volkswagen (automotive): $15.8 billion 

  4. Samsung (conglomerate) : $15.3 billion 

  5. Intel (technology): $13.1 billion 

  6. Microsoft (technology): $12.3 billion 

  7. Apple (technology): $11.6 billion

  8. Roche (pharmaceuticals): $10.8 billion

  9. Johnson & Johnson (pharmaceuticals): $10.6 billion

  10. Merck (pharmaceutical): $10.2 billion

*most recent data


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February 15: Who Spends the Most on R&D? Amazon.

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4 Comments
David Butz
Feb 15, 2022Liked by Danny Sheridan

Please note that NASDAQ published a paper based on company filings in 2021. The rankings are what you have but the spending is much higher for some

https://www.nasdaq.com/articles/which-companies-spend-the-most-in-research-and-development-rd-2021-06-21

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Wajeed Shaik
Feb 15, 2022

Would be interesting to see this figure as a % of Operating Income, to understand the quantum of investment. This will show long term thinking - Who is re-investing current profits for better future, basically ...

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