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

Technology companies 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 477 · 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 $258B in r&d expense; the gap between #1 and #10 is ×6.57. 477 companies in Technology report r&d expense, 37.6% of the 1270-filer universe. The last place on the list, F5, comes in at $540M.

R&D expense
#CompanyR&D expenseYoY15-year trend
1AlphabetGOOGLUS$61.1B+23.8%
2Meta PlatformsMETAUS$57.4B+30.8%
3AppleAAPLUS$34.6B+10.1%
4MicrosoftMSFTUS$32.5B+10.1%
5NVIDIANVDAUS$18.5B+43.2%
6IntelINTCUS$13.8B−16.8%
7BroadcomAVGOUS$11.0B+17.9%
8OracleORCLUS$10.3B+4.2%
9Alibaba GroupBABAHK$9.6B+22.5%
10Cisco SystemsCSCOUS$9.3B+16.5%
11QualcommQCOMUS$9.0B+1.7%
12International Business MachinesIBMUS$8.3B+11.2%
13Advanced Micro DevicesAMDUS$8.1B+25.3%
14SAPSAPDE$7.5B+6.3%
15SalesforceCRMUS$6.0B+9.1%
16NokiaNOKFI$5.5B+12.3%
17Ericsson LM TelephoneERICSE$5.0B−1.5%
18Micron TechnologyMUUS$3.8B+10.7%
19Applied MaterialsAMATUS$3.6B+10.4%
20Uber TechnologiesUBERUS$3.4B+9.4%
21Dell TechnologiesDELLUS$3.1B+2.6%
22ServiceNowNOWUS$3.0B+16.4%
23IntuitINTUUS$2.9B+6.3%
24BaiduBIDUCN$2.9B−3.6%
25BlockXYZUS$2.9B−0.2%
26Arm HoldingsARMGB$2.8B+34.0%
27WorkdayWDAYUS$2.7B+2.0%
28AtlassianTEAMUS$2.7B+22.2%
29NetEaseNTESCN$2.5B+5.5%
30Hewlett Packard EnterpriseHPEUS$2.5B+12.1%
31SynopsysSNPSUS$2.5B+19.1%
32NXP SemiconductorsNXPINL$2.4B+0.6%
33PDD HoldingsPDDIE$2.4B+36.0%
34MercadolibreMELIUY$2.3B+17.3%
35Trip.com GroupTCOMSG$2.2B+20.2%
36Texas InstrumentsTXNUS$2.1B+6.3%
37Marvell TechnologyMRVLUS$2.1B+6.4%
38STMicroelectronicsSTMNL$2.0B−1.6%
39Palo Alto NetworksPANWUS$2.0B+9.6%
40SnowflakeSNOWUS$2.0B+10.4%
41SnapSNAPUS$1.8B+6.0%
42Analog DevicesADIUS$1.8B+18.7%
43AutodeskADSKUS$1.6B+10.6%
44eBayEBAYUS$1.6B+11.0%
45HPHPQUS$1.6B−2.3%
46DanaherDHRUS$1.6B+0.9%
47General ElectricGEUS$1.6B+22.9%
48RobloxRBLXUS$1.6B+8.6%
49DatadogDDOGUS$1.5B+34.3%
50ShopifySHOPCA$1.5B+12.4%
51DoorDashDASHUS$1.4B+22.5%
52PinterestPINSUS$1.4B+15.1%
53Thermo Fisher ScientificTMOUS$1.4B+0.5%
54Crowdstrike HoldingsCRWDUS$1.4B+28.7%
55KlaKLACUS$1.4B+6.4%
56Arista NetworksANETUS$1.2B+24.1%
57GE VernovaGEVUS$1.2B+21.9%
58Mobileye GlobalMBLYIL$1.2B+6.3%
59Microchip TechnologyMCHPUS$1.1B+10.4%
60PayPal HoldingsPYPLUS$1.1B+12.4%
61Ase TechnologyASXTW$1.0B+19.1%
62FigmaFIGUS$1.0B+37.1%
63TwilioTWLOUS$1.0B+1.1%
64Keysight TechnologiesKEYSUS$1.0B+9.6%
65Flutter EntertainmentFLUTUS$991M+20.9%
66NetAppNTAPUS$991M−2.1%
67Automatic Data ProcessingADPUS$989M+3.4%
68Motorola SolutionsMSIUS$970M+5.8%
69IlluminaILMNUS$967M−17.3%
70EverpurePUS$963M+19.8%
71Unity SoftwareUUS$930M+0.5%
72HubspotHUBSUS$906M+16.3%
73Roper TechnologiesROPUS$853M+14.0%
74CienaCIENUS$848M+10.5%
75Zoom CommunicationsZMUS$845M−0.9%
76AccentureACNIE$817M−29.0%
77FortinetFTNTUS$816M+13.8%
78Skyworks SolutionsSWKSUS$786M+24.3%
79RedditRDDTUS$783M−16.3%
80Emerson ElectricEMRUS$771M−1.3%
81Veeva SystemsVEEVUS$767M+10.7%
82Open TextOTEXCA$756M−12.6%
83NutanixNTNXUS$737M+15.3%
84DropboxDBXUS$732M−20.0%
85QorvoQRVOUS$726M−2.9%
86MongodbMDBUS$716M+20.0%
87Rockwell AutomationROKUS$679M+3.2%
88ZscalerZSUS$672M+34.5%
89DocusignDOCUUS$665M+13.0%
90MaplebearCARTUS$650M+7.6%
91AmphenolAPHUS$647M+42.8%
92Wix.comWIXIL$646M+30.3%
93OktaOKTAUS$639M−0.5%
94Super Micro ComputerSMCIUS$637M+37.3%
95TrimbleTRMBUS$631M−4.8%
96Zillow GroupZGUS$607M+3.8%
97onsemiONUS$584M−4.7%
98CoherentCOHRUS$582M+21.5%
99Palantir TechnologiesPLTRUS$558M+9.8%
100F5FFIVUS$540M+10.1%

All figures from SEC filings · FY2025 · 100

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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/technology-companies-that-spend-the-most-on-research-and-development">Technology companies that spend the most on R&amp;D</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

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

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CompaniesRanked. (September 25, 2026). Technology companies that spend the most on R&D. CompaniesRanked. https://companiesranked.com/en/technology-companies-that-spend-the-most-on-research-and-development

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@misc{companiesranked-en-technology-companies-that-spend-the-most-on-research-and-development-2026,
  author       = {{CompaniesRanked}},
  title        = {{Technology companies that spend the most on R\&D}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/technology-companies-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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