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2016 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 2016.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2016·Calculated on 2026-11-01· 11317 companies ranked
Metric : research and development expenses for the fiscal year 2016 (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)
1Amazon.com, Inc.AMZN🇺🇸United StatesConsumer Cyclical16,09 billion $
2Roche Holding AGRO.SW🇨🇭EuropeHealthcare13,99 billion $11,53 Bn CHF
3Alphabet Inc.GOOG🇺🇸United StatesTechnology13,95 billion $
4Volkswagen AGVOW3.DE🇩🇪GermanyConsumer Cyclical12,87 billion $11,51 Md€
5Intel CorporationINTC🇺🇸United StatesTechnology12,74 billion $
6Microsoft CorporationMSFT🇺🇸United StatesTechnology11,99 billion $
7Samsung Electronics Co., Ltd.SSNLF🇰🇷KoreaTechnology10,58 billion $14 111 Md₩
8Merck & Co., Inc.MRK🇺🇸United StatesHealthcare10,26 billion $
9Apple Inc.AAPL🇺🇸United StatesTechnology10,04 billion $
10Johnson & JohnsonJNJ🇺🇸United StatesHealthcare9,14 billion $
11Novartis AGNOVN.SW🇨🇭EuropeHealthcare9,04 billion $
12Pfizer Inc.PFE🇺🇸United StatesHealthcare7,84 billion $
13Toyota Motor CorporationTOYOF🇯🇵JapanConsumer Cyclical6,70 billion $1 056 Bn¥
14Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology6,30 billion $
15Meta Platforms, Inc.META🇺🇸United StatesTechnology5,92 billion $
16Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical5,88 billion $5,26 Md€
17SanofiSAN.PA🇫🇷FranceHealthcare5,85 billion $5,23 Md€
18Oracle CorporationORCL🇺🇸United StatesTechnology5,79 billion $
19Bayerische Motoren Werke AGBMW.DE🇩🇪GermanyConsumer Cyclical5,78 billion $5,16 Md€
20International Business Machines CorporationIBM🇺🇸United StatesTechnology5,73 billion $
21Nokia OyjNOKIA.HE🇫🇮EuropeTechnology5,48 billion $4,90 Md€
22Exor N.V.EXO.AS🇳🇱EuropeConsumer Cyclical5,38 billion $4,81 Md€
23Eli Lilly and CompanyLLY🇺🇸United StatesHealthcare5,31 billion $
24Siemens AGSIE.DE🇩🇪GermanyIndustrials5,29 billion $4,73 Md€
25QUALCOMM IncorporatedQCOM🇺🇸United StatesTechnology5,15 billion $
26AstraZeneca PLCAZN🇬🇧United KingdomHealthcare5,12 billion $
27Gilead Sciences, Inc.GILD🇺🇸United StatesHealthcare5,10 billion $
28Bayer AGBAYN.DE🇩🇪GermanyHealthcare4,93 billion $4,41 Md€
29GSK plcGSK🇬🇧United KingdomHealthcare4,66 billion $3,48 Bn£
30The Boeing CompanyBA🇺🇸United StatesIndustrials4,63 billion $
31AbbVie Inc.ABBV🇺🇸United StatesHealthcare4,58 billion $
32Bertrandt AGBDT.DE🇩🇪GermanyConsumer Cyclical4,47 billion $4,00 Md€
33Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare4,41 billion $
34Honda Motor Co., Ltd.HNDAF🇯🇵JapanConsumer Cyclical4,17 billion $656,50 Bn¥
35Amgen Inc.AMGN🇺🇸United StatesHealthcare3,84 billion $
36Stellantis N.V.STLA🇳🇱EuropeConsumer Cyclical3,66 billion $3,27 Md€
37Airbus SEEADSF🇳🇱EuropeIndustrials3,56 billion $3,18 Md€
38SAP SESAP.DE🇩🇪GermanyTechnology3,40 billion $3,04 Md€
39Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST🇸🇪EuropeTechnology3,22 billion $31,64 billion SEK
40Continental AGCON.DE🇩🇪GermanyConsumer Cyclical3,14 billion $2,81 Md€
41Sony Group CorporationSONY🇯🇵JapanTechnology2,97 billion $468,18 Bn¥
42Panasonic Holdings CorporationPCRFF🇯🇵JapanTechnology2,85 billion $449,83 Bn¥
43Broadcom Inc.AVGO🇺🇸United StatesTechnology2,67 billion $
44DENSO CorporationDNZOY🇺🇸United StatesConsumer Cyclical2,53 billion $399,24 Bn¥
45RTX CorporationRTX🇺🇸United StatesIndustrials2,34 billion $
46Hewlett Packard Enterprise CompanyHPE🇺🇸United StatesTechnology2,30 billion $
47Koninklijke Philips N.V.PHIA.AS🇳🇱EuropeHealthcare2,26 billion $2,02 Md€
48Medtronic plcMDT🇮🇪EuropeHealthcare2,22 billion $
49Merck KGaAMRK.DE🇩🇪GermanyHealthcare2,21 billion $1,97 Md€
50Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼TaiwanTechnology2,18 billion $71,21 Bn NT$
51Novo Nordisk A/SNOVO-B.CO🇩🇰EuropeHealthcare2,18 billion $14,56 Bn DKK
52Honeywell International Inc.HON🇺🇸United StatesIndustrials2,14 billion $
53Teva Pharmaceutical Industries LimitedTEVA🇮🇱OthersHealthcare2,11 billion $
54Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive2,11 billion $1,74 Bn CHF
55BASF SeBAS.DE🇩🇪GermanyBasic Materials2,08 billion $1,86 Md€
56Alibaba Group Holding LimitedBABAF🇨🇳ChinaConsumer Cyclical2,07 billion $13,79 billion CN¥
57ZTE CorporationZTCOF🇨🇳ChinaTechnology2,07 billion $13,78 billion CN¥
58Hitachi, Ltd.HTHIF🇯🇵JapanIndustrials2,06 billion $323,96 Bn¥
59Takeda Pharmaceutical Company LimitedTAK🇯🇵JapanHealthcare1,98 billion $311,62 Bn¥
60Biogen Inc.BIIB🇺🇸United StatesHealthcare1,97 billion $
61Regeneron Pharmaceuticals, Inc.REGN🇺🇸United StatesHealthcare1,95 billion $
62Canon Inc.CAJPY🇯🇵JapanTechnology1,92 billion $302,38 Bn¥
63BAE Systems plcBAESY🇬🇧United KingdomIndustrials1,91 billion $1,43 Bn£
64Caterpillar Inc.CAT🇺🇸United StatesIndustrials1,85 billion $
65LG Electronics Inc.066575.KS🇰🇷KoreaTechnology1,85 billion $2 469 Md₩
66Micron Technology, Inc.MU🇺🇸United StatesTechnology1,82 billion $
67Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical1,82 billion $1,63 Md€
68Tencent Holdings LimitedTCEHY🇨🇳ChinaCommunication Services1,78 billion $11,85 billion CN¥
69ActiveOps PlcAOM.L🇬🇧United KingdomTechnology1,76 billion $1,32 Bn£
703M CompanyMMM🇺🇸United StatesIndustrials1,74 billion $
71MediaTek Inc.2454.TW🇹🇼TaiwanTechnology1,71 billion $55,69 Bn NT$
72PetroChina Company LimitedPCCYF🇺🇸United StatesEnergy1,69 billion $11,23 billion CN¥
73AT&T Inc.T🇺🇸United StatesCommunication Services1,65 billion $
74Safran S.A.SAF.PA🇫🇷FranceIndustrials1,64 billion $1,47 Md€
75Western Digital CorporationWDC🇺🇸United StatesTechnology1,63 billion $
76Dow Inc.DOW🇺🇸United StatesBasic Materials1,59 billion $
77DuPont de Nemours, Inc.DD🇺🇸United StatesBasic Materials1,59 billion $
78China State Construction Engineering Corporation Limited601668.SS🇨🇳ChinaIndustrials1,59 billion $10,59 billion CN¥
79Hon Hai Precision Industry Co., Ltd.HNHPF🇹🇼TaiwanTechnology1,57 billion $51,14 Bn NT$
80China Railway Group LimitedCRWOF🇨🇳ChinaIndustrials1,57 billion $10,42 billion CN¥
81NXP Semiconductors N.V.NXPI🇳🇱EuropeTechnology1,56 billion $
82Applied Materials, Inc.AMAT🇺🇸United StatesTechnology1,54 billion $
83Baidu, Inc.BAIDF🇨🇳ChinaCommunication Services1,53 billion $10,15 billion CN¥
84Corteva, Inc.CTVA🇺🇸United StatesBasic Materials1,51 billion $
85Lenovo Group LimitedLNVGF🇭🇰Hong KongTechnology1,49 billion $
86AB Volvo (publ)VOLV-B.ST🇸🇪EuropeIndustrials1,49 billion $14,63 billion SEK
87CRRC Corporation Limited601766.SS🇨🇳ChinaIndustrials1,46 billion $9,68 billion CN¥
88Astellas Pharma Inc.ALPMY🇯🇵JapanHealthcare1,43 billion $225,70 Bn¥
89China Railway Construction Corporation Limited601186.SS🇨🇳ChinaIndustrials1,42 billion $9,44 billion CN¥
90SAIC Motor Corporation Limited600104.SS🇨🇳ChinaConsumer Cyclical1,42 billion $9,42 billion CN¥
91Deere & CompanyDE🇺🇸United StatesIndustrials1,39 billion $
92Schneider Electric S.E.SU.PA🇫🇷FranceIndustrials1,36 billion $1,22 Md€
93Abbott LaboratoriesABT🇺🇸United StatesHealthcare1,36 billion $
94Texas Instruments IncorporatedTXN🇺🇸United StatesTechnology1,36 billion $
95NTT, Inc.NPPXF🇯🇵JapanCommunication Services1,35 billion $213,44 Bn¥
96NVIDIA CorporationNVDA🇺🇸United StatesTechnology1,33 billion $
97Daiichi Sankyo Company, LimitedDSKYF🇯🇵JapanHealthcare1,32 billion $208,70 Bn¥
98SK hynix Inc.000660.KS🇰🇷KoreaTechnology1,31 billion $1 745 Md₩
99ABB LtdABBN.SW🇨🇭EuropeIndustrials1,30 billion $
100Valeo SEFR.PA🇫🇷FranceConsumer Cyclical1,30 billion $1,16 Md€
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 2016 ranking established?
It ranks companies by their research and development expenses for the fiscal year 2016, 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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