Business
Amongst Big Tech, Amazon spends the most on R&D
The 5 Big Tech companies - Amazon, Alphabet (Google), Meta (Facebook), Apple and Microsoft are big spenders on R&D.
Collectively, these 5 companies, spent $229.1 Billion on R&D in the 12 months ending March 31, 2024!
Thats significantly higher than the rest of the 5 companies combined - Nvidia, Broadcom, ASML, Tesla and Costco - collectively, only spent $23.8 Billion on R&D (i.e. almost 1/10th of the Top 5). Infact, Costco doesn't even report its R&D spend.
For more insights and trends on R&D spend, you can view my newsletter post
Dataset
SNO | Ticker | Company | Revenue | R&D Spend | % R&D Spend |
---|---|---|---|---|---|
1 | MSFT | Microsoft Corporation | 236.58 | 28.19 | 11.9% |
2 | AAPL | Apple Inc | 381.62 | 30.35 | 8.0% |
3 | NVDA | NVIDIA Corporation | 60.92 | 8.68 | 14.2% |
4 | GOOGL | Alphabet Inc. | 318.15 | 45.86 | 14.4% |
6 | AMZN | Amazon.com, Inc. | 590.74 | 85.6 | 14.5% |
7 | META | Meta Platforms, Inc. | 142.71 | 39.08 | 27.4% |
8 | AVGO | Broadcom Inc. | 38.87 | 6.37 | 16.4% |
9 | TSLA | Tesla, Inc. | 94.75 | 4.35 | 4.6% |
10 | ASML | ASML Holding N.V. | 28.37 | 4.41 | 15.5% |
11 | COST | Costco Wholesale Corporation | 248.83 | NA | NA |
Data sources
See the biggest companies by market cap on Nasdaq on this link. R&D spend obtained from individual company's financial statements.
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