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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies in the United States that spend the most on R&D

Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

Alphabet (GOOGL) tops the list with $61.1B in r&d expense for fiscal 2025, ahead of Meta Platforms ($57.4B) and Apple ($34.6B). The top 10 together report $268B in r&d expense; the gap between #1 and #10 is ×5.85. 1030 companies in the United States report r&d expense, 81.1% of the 1270-filer universe. The last place on the list, Chime Financial, comes in at $935M.

R&D expense
#CompanyR&D expenseYoY15-year trend
1AlphabetGOOGLUSTechnology$61.1B+23.8%
2Meta PlatformsMETAUSTechnology$57.4B+30.8%
3AppleAAPLUSTechnology$34.6B+10.1%
4MicrosoftMSFTUSTechnology$32.5B+10.1%
5NVIDIANVDAUSTechnology$18.5B+43.2%
6MerckMRKUSHealthcare$15.8B−12.0%
7IntelINTCUSTechnology$13.8B−16.8%
8Eli LillyLLYUSHealthcare$13.3B+21.3%
9BroadcomAVGOUSTechnology$11.0B+17.9%
10PfizerPFEUSHealthcare$10.4B−3.6%
11OracleORCLUSTechnology$10.3B+4.2%
12Bristol Myers SquibbBMYUSHealthcare$10.0B−10.8%
13Ford MotorFUSConsumer discretionary$9.4B+17.5%
14Cisco SystemsCSCOUSTechnology$9.3B+16.5%
15AbbVieABBVUSHealthcare$9.1B−28.9%
16QualcommQCOMUSTechnology$9.0B+1.7%
17International Business MachinesIBMUSTechnology$8.3B+11.2%
18Advanced Micro DevicesAMDUSTechnology$8.1B+25.3%
19AmgenAMGNUSHealthcare$7.3B+21.9%
20General MotorsGMUSConsumer discretionary$7.2B−2.7%
21TeslaTSLAUSConsumer discretionary$6.4B+41.2%
22SalesforceCRMUSTechnology$6.0B+9.1%
23Regeneron PharmaceuticalsREGNUSHealthcare$5.9B+14.0%
24Gilead SciencesGILDUSHealthcare$5.8B−1.8%
25Vertex PharmaceuticalsVRTXUSHealthcare$3.9B+7.7%
26Micron TechnologyMUUSTechnology$3.8B+10.7%
27BoeingBAUSIndustrials$3.6B−5.2%
28Applied MaterialsAMATUSTechnology$3.6B+10.4%
29Uber TechnologiesUBERUSTechnology$3.4B+9.4%
30NetflixNFLXUSCommunication services$3.4B+15.9%
31Dell TechnologiesDELLUSTechnology$3.1B+2.6%
32ModernaMRNAUSHealthcare$3.1B−31.1%
33ServiceNowNOWUSTechnology$3.0B+16.4%
34Abbott LaboratoriesABTUSHealthcare$2.9B+3.4%
35IntuitINTUUSTechnology$2.9B+6.3%
36BlockXYZUSTechnology$2.9B−0.2%
37RTXRTXUSIndustrials$2.8B−4.3%
38WorkdayWDAYUSTechnology$2.7B+2.0%
39AtlassianTEAMUSTechnology$2.7B+22.2%
40Hewlett Packard EnterpriseHPEUSTechnology$2.5B+12.1%
41SynopsysSNPSUSTechnology$2.5B+19.1%
42Lam ResearchLRCXUSIndustrials$2.4B+13.3%
43AirbnbABNBUSIndustrials$2.4B+14.5%
44DeereDEUSIndustrials$2.3B+0.9%
45CaterpillarCATUSIndustrials$2.1B+1.9%
46Procter & GamblePGUSConsumer staples$2.1B+5.0%
47Texas InstrumentsTXNUSTechnology$2.1B+6.3%
48Marvell TechnologyMRVLUSTechnology$2.1B+6.4%
49Boston ScientificBSXUSHealthcare$2.1B+27.1%
50IncyteINCYUSHealthcare$2.1B−21.4%
51Lockheed MartinLMTUSIndustrials$2.0B+25.0%
52Palo Alto NetworksPANWUSTechnology$2.0B+9.6%
53SnowflakeSNOWUSTechnology$2.0B+10.4%
54Honeywell InternationalHONUSIndustrials$1.8B+24.6%
55SnapSNAPUSTechnology$1.8B+6.0%
56BiogenBIIBUSHealthcare$1.8B−10.2%
57Analog DevicesADIUSTechnology$1.8B+18.7%
58Coinbase GlobalCOINUSFinancials$1.7B+13.8%
59Rivian AutomotiveRIVNUSConsumer discretionary$1.7B+3.4%
60AutodeskADSKUSTechnology$1.6B+10.6%
61eBayEBAYUSTechnology$1.6B+11.0%
62StrykerSYKUSHealthcare$1.6B+10.7%
63General DynamicsGDUSIndustrials$1.6B+4.4%
64HPHPQUSTechnology$1.6B−2.3%
65DanaherDHRUSTechnology$1.6B+0.9%
66General ElectricGEUSTechnology$1.6B+22.9%
67RobloxRBLXUSTechnology$1.6B+8.6%
68DatadogDDOGUSTechnology$1.5B+34.3%
69Sarepta TherapeuticsSRPTUSHealthcare$1.5B+89.2%
70CortevaCTVAUSConsumer staples$1.5B+5.1%
71DoorDashDASHUSTechnology$1.4B+22.5%
72PinterestPINSUSTechnology$1.4B+15.1%
73Thermo Fisher ScientificTMOUSTechnology$1.4B+0.5%
74CumminsCMIUSIndustrials$1.4B−4.6%
75Crowdstrike HoldingsCRWDUSTechnology$1.4B+28.7%
76KlaKLACUSTechnology$1.4B+6.4%
77Alnylam PharmaceuticalsALNYUSHealthcare$1.3B+17.2%
78Intuitive SurgicalISRGUSHealthcare$1.3B+14.5%
79Becton DickinsonBDXUSHealthcare$1.3B+6.3%
80GE Healthcare TechnologiesGEHCUSHealthcare$1.3B−3.9%
81Arista NetworksANETUSTechnology$1.2B+24.1%
82Lucid GroupLCIDUSConsumer discretionary$1.2B+3.0%
83GE VernovaGEVUSTechnology$1.2B+21.9%
84Northrop GrummanNOCUSIndustrials$1.1B0.0%
85Microchip TechnologyMCHPUSTechnology$1.1B+10.4%
86Edwards LifesciencesEWUSHealthcare$1.1B+2.5%
87PayPal HoldingsPYPLUSTechnology$1.1B+12.4%
88FigmaFIGUSTechnology$1.0B+37.1%
89TwilioTWLOUSTechnology$1.0B+1.1%
90Neurocrine BiosciencesNBIXUSHealthcare$1.0B+38.9%
91Keysight TechnologiesKEYSUSTechnology$1.0B+9.6%
92Flutter EntertainmentFLUTUSTechnology$991M+20.9%
93NetAppNTAPUSTechnology$991M−2.1%
94AlconALCUSHealthcare$990M+13.0%
95Automatic Data ProcessingADPUSTechnology$989M+3.4%
96Motorola SolutionsMSIUSTechnology$970M+5.8%
97IlluminaILMNUSTechnology$967M−17.3%
98ViatrisVTRSUSHealthcare$966M+19.4%
99EverpurePUSTechnology$963M+19.8%
100Chime FinancialCHYMUSFinancials$935M+202.0%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Companies in the United States that spend the most on R&D |url=https://companiesranked.com/en/companies-in-the-united-states-that-spend-the-most-on-research-and-development |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Companies in the United States that spend the most on R&D. CompaniesRanked. https://companiesranked.com/en/companies-in-the-united-states-that-spend-the-most-on-research-and-development

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@misc{companiesranked-en-companies-in-the-united-states-that-spend-the-most-on-research-and-development-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies in the United States that spend the most on R\&D}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-in-the-united-states-that-spend-the-most-on-research-and-development}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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