R&D expense · 2015–2025

Smith & Nephew R&D expense

$296M+2.4% · FY2025

Smith & Nephew (SNN) reported $296M in R&D expense for fiscal 2025, +2.4% year on year.

$222M2015$230M2016$223M2017$246M2018$292M2019$307M2020$356M2021$345M2022$339M2023$289M2024$296M2025
Smith & Nephew — R&D expense, 2015–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$296M+2.4%Open →
FY20242024-12-31$289M−14.7%Open →
FY20232023-12-31$339M−1.7%Open →
FY20222022-12-31$345M−3.1%Open →
FY20212021-12-31$356M+16.0%Open →
FY20202020-12-31$307M+5.1%Open →
FY20192019-12-31$292M+18.7%Open →
FY20182018-12-31$246M+10.3%Open →
FY20172017-12-31$223M−3.0%Open →
FY20162016-12-31$230M+3.6%Open →
FY20152015-12-31$222M—Open →

R&D expense — 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.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2015–2025 compound annual growth +2.9%

Figures are reported under IFRS, in US dollars.

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Smith & Nephew R&D expense |url=https://companiesranked.com/en/company/smith-and-nephew/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Smith & Nephew R&D expense. CompaniesRanked. https://companiesranked.com/en/company/smith-and-nephew/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-smith-and-nephew-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Smith \& Nephew R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/smith-and-nephew/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001104659-26-028258 · March 16, 2026

{{cite web |title=Smith & Nephew R&D expense — 20-F (0001104659-26-028258) |url=https://www.sec.gov/Archives/edgar/data/845982/000110465926028258/snn-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-16}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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