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2012 Ranking of companies spending the most on research and development

The companies that bet the most on innovation: amount spent on research and development during the fiscal year 2012.

Share prices and capitalizations at 2026-11-05·Annual accounts for the fiscal year 2012·Calculated on 2026-11-08· 7459 companies ranked
Metric : research and development expenses for the fiscal year 2012 (published annual accounts). Currency : Amounts converted into US dollars at the exchange rate of the day of calculation; the amount in the currency of the accounts is repeated under each value. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector R&D expenses (USD)
1Formula One GroupFWONK🇺🇸United StatesCommunication Services48,84 billion $
2Atlanta Braves Holdings, Inc.BATRK🇺🇸United StatesCommunication Services48,84 billion $
3Statera Biopharma, Inc.STAB🇺🇸United StatesHealthcare22,50 billion $
4Roche Holding AGRO.SW🇨🇭EuropeHealthcare11,64 billion $9,55 Bn CHF
5Intel CorporationINTC🇺🇸United StatesTechnology10,15 billion $
6Volkswagen AGVOW3.DE🇩🇪GermanyConsumer Cyclical9,87 billion $8,85 Md€
7Microsoft CorporationMSFT🇺🇸United StatesTechnology9,81 billion $
8Novartis AGNOVN.SW🇨🇭EuropeHealthcare8,59 billion $
9Merck & Co., Inc.MRK🇺🇸United StatesHealthcare8,17 billion $
10Samsung Electronics Co., Ltd.SSNLF🇰🇷KoreaTechnology7,85 billion $10 701 Md₩
11Johnson & JohnsonJNJ🇺🇸United StatesHealthcare7,67 billion $
12Pfizer Inc.PFE🇺🇸United StatesHealthcare6,96 billion $
13Alphabet Inc.GOOG🇺🇸United StatesTechnology6,08 billion $
14International Business Machines CorporationIBM🇺🇸United StatesTechnology5,82 billion $
15Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology5,49 billion $
16SanofiSAN.PA🇫🇷FranceHealthcare5,47 billion $4,91 Md€
17Nokia OyjNOKIA.HE🇫🇮EuropeTechnology5,33 billion $4,78 Md€
18Eli Lilly and CompanyLLY🇺🇸United StatesHealthcare5,28 billion $
19Toyota Motor CorporationTOYOF🇯🇵JapanConsumer Cyclical4,92 billion $779,81 Bn¥
20Siemens AGSIE.DE🇩🇪GermanyIndustrials4,73 billion $4,25 Md€
21Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical4,66 billion $4,18 Md€
22GSK plcGSK🇬🇧United KingdomHealthcare4,66 billion $3,49 Bn£
23Amazon.com, Inc.AMZN🇺🇸United StatesConsumer Cyclical4,56 billion $
24Oracle CorporationORCL🇺🇸United StatesTechnology4,52 billion $
25Bayerische Motoren Werke AGBMW.DE🇩🇪GermanyConsumer Cyclical4,45 billion $3,99 Md€
26AstraZeneca PLCAZN🇬🇧United KingdomHealthcare4,30 billion $
27QUALCOMM IncorporatedQCOM🇺🇸United StatesTechnology3,92 billion $
28Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare3,90 billion $
29Airbus SEEADSF🇳🇱EuropeIndustrials3,69 billion $3,31 Md€
30HP Inc.HPQ🇺🇸United StatesTechnology3,40 billion $
31Apple Inc.AAPL🇺🇸United StatesTechnology3,38 billion $
32Amgen Inc.AMGN🇺🇸United StatesHealthcare3,38 billion $
33Bayer AGBAYN.DE🇩🇪GermanyHealthcare3,36 billion $3,01 Md€
34Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST🇸🇪EuropeTechnology3,32 billion $32,83 billion SEK
35The Boeing CompanyBA🇺🇸United StatesIndustrials3,30 billion $
36Panasonic Holdings CorporationPCRFF🇯🇵JapanTechnology3,28 billion $520,22 Bn¥
37Honda Motor Co., Ltd.HNDAF🇯🇵JapanConsumer Cyclical3,28 billion $519,82 Bn¥
38AbbVie Inc.ABBV🇺🇸United StatesHealthcare3,07 billion $
39Sony Group CorporationSONY🇯🇵JapanTechnology2,74 billion $433,48 Bn¥
40Exor N.V.EXO.AS🇳🇱EuropeConsumer Cyclical2,67 billion $2,40 Md€
41SAP SESAP.DE🇩🇪GermanyTechnology2,52 billion $2,26 Md€
42Caterpillar Inc.CAT🇺🇸United StatesIndustrials2,47 billion $
43STMicroelectronics N.V.STM🇳🇱EuropeTechnology2,41 billion $
44RTX CorporationRTX🇺🇸United StatesIndustrials2,37 billion $
45PetroChina Company LimitedPCCYF🇺🇸United StatesEnergy2,17 billion $14,45 billion CN¥
46Hitachi, Ltd.HTHIF🇯🇵JapanIndustrials2,15 billion $341,31 Bn¥
47Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical2,13 billion $1,92 Md€
48Hewlett Packard Enterprise CompanyHPE🇺🇸United StatesTechnology2,12 billion $
49Stellantis N.V.STLA🇳🇱EuropeConsumer Cyclical2,05 billion $1,83 Md€
50Takeda Pharmaceutical Company LimitedTAK🇯🇵JapanHealthcare2,03 billion $321,32 Bn¥
51Koninklijke Philips N.V.PHIA.AS🇳🇱EuropeHealthcare2,02 billion $1,81 Md€
52Continental AGCON.DE🇩🇪GermanyConsumer Cyclical1,97 billion $1,77 Md€
53BASF SeBAS.DE🇩🇪GermanyBasic Materials1,93 billion $1,73 Md€
54Texas Instruments IncorporatedTXN🇺🇸United StatesTechnology1,88 billion $
55Canon Inc.CAJPY🇯🇵JapanTechnology1,87 billion $296,46 Bn¥
56Honeywell International Inc.HON🇺🇸United StatesIndustrials1,85 billion $
57Gilead Sciences, Inc.GILD🇺🇸United StatesHealthcare1,76 billion $
58Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive1,72 billion $1,41 Bn CHF
59DuPont de Nemours, Inc.DD🇺🇸United StatesBasic Materials1,71 billion $
60NTT, Inc.NPPXF🇯🇵JapanCommunication Services1,69 billion $267,85 Bn¥
61Merck KGaAMRK.DE🇩🇪GermanyHealthcare1,68 billion $1,51 Md€
623M CompanyMMM🇺🇸United StatesIndustrials1,63 billion $
63Novo Nordisk A/SNOVO-B.CO🇩🇰EuropeHealthcare1,62 billion $10,90 Bn DKK
64China Coal Energy Company LimitedCCOZF🇺🇸United StatesEnergy1,58 billion $10,51 billion CN¥
65eBay Inc.EBAY🇺🇸United StatesConsumer Cyclical1,57 billion $
66BlackBerry LimitedBB🇨🇦CanadaTechnology1,56 billion $
67Abbott LaboratoriesABT🇺🇸United StatesHealthcare1,54 billion $
68Fujitsu LimitedFJTSF🇯🇵JapanTechnology1,50 billion $238,36 Bn¥
69AB Volvo (publ)VOLV-B.ST🇸🇪EuropeIndustrials1,50 billion $14,79 billion SEK
70Medtronic plcMDT🇮🇪EuropeHealthcare1,49 billion $
71Vale S.A.VALE🇧🇷OthersBasic Materials1,47 billion $
72ABB LtdABBN.SW🇨🇭EuropeIndustrials1,46 billion $
73Deere & CompanyDE🇺🇸United StatesIndustrials1,43 billion $
74Meta Platforms, Inc.META🇺🇸United StatesTechnology1,40 billion $
75Hon Hai Precision Industry Co., Ltd.HNHPF🇹🇼TaiwanTechnology1,39 billion $45,67 Bn NT$
76Biogen Inc.BIIB🇺🇸United StatesHealthcare1,38 billion $
77Teva Pharmaceutical Industries LimitedTEVA🇮🇱OthersHealthcare1,36 billion $
78Advanced Micro Devices, Inc.AMD🇺🇸United StatesTechnology1,35 billion $
79LG Electronics Inc.066575.KS🇰🇷KoreaTechnology1,34 billion $1 831 Md₩
80ZTE CorporationZTCOF🇨🇳ChinaTechnology1,32 billion $8,83 billion CN¥
81Shell plcSHEL🇬🇧United KingdomEnergy1,31 billion $
82Centrus Energy Corp.LEU🇺🇸United StatesEnergy1,31 billion $
83AT&T Inc.T🇺🇸United StatesCommunication Services1,28 billion $
84Applied Materials, Inc.AMAT🇺🇸United StatesTechnology1,24 billion $
85Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼TaiwanTechnology1,23 billion $40,39 Bn NT$
86Otsuka Holdings Co., Ltd.OTSKY🇺🇸United StatesHealthcare1,21 billion $192,36 Bn¥
87Daiichi Sankyo Company, LimitedDSKYF🇯🇵JapanHealthcare1,17 billion $185,05 Bn¥
88Slb N.V.SLB🇺🇸United StatesEnergy1,17 billion $
89Petróleo Brasileiro S.A. - PetrobrasPBR🇧🇷OthersEnergy1,14 billion $
90Danaher CorporationDHR🇺🇸United StatesHealthcare1,14 billion $
91CNH Industrial N.V.CNH🇬🇧United KingdomIndustrials1,13 billion $
92Unilever PLCUL🇬🇧United KingdomConsumer Defensive1,12 billion $1,00 Md€
93FUJIFILM Holdings CorporationFUJIF🇺🇸United StatesIndustrials1,09 billion $173,37 Bn¥
94Baxter International Inc.BAX🇺🇸United StatesHealthcare1,08 billion $
95Western Digital CorporationWDC🇺🇸United StatesTechnology1,05 billion $
96NEC CorporationNIPNF🇺🇸United StatesTechnology1,02 billion $161,97 Bn¥
97Marvell Technology, Inc.MRVL🇺🇸United StatesTechnology1,01 billion $
98Seagate Technology Holdings plcSTX🇮🇪EuropeTechnology1,01 billion $
99NVIDIA CorporationNVDA🇺🇸United StatesTechnology1,00 billion $
100UCB S.A.UCB.BR🇧🇪EuropeHealthcare992,2 M$890,0 M€
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2012 ranking established?
It ranks companies by their research and development expenses for the fiscal year 2012, based on published annual accounts and data. No value is estimated: a company without this data is simply excluded.
Are the amounts comparable between countries?
Yes: amounts are converted to US dollars at the exchange rate of the calculation day, and the amount in the account currency is repeated under each value.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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