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2017 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 2017.

Share prices and capitalizations at 2026-11-05·Annual accounts for the fiscal year 2017·Calculated on 2026-11-08· 12380 companies ranked
Metric : research and development expenses for the fiscal year 2017 (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 Cyclical22,62 billion $
2Alphabet Inc.GOOG🇺🇸United StatesTechnology16,62 billion $
3Roche Holding AGRO.SW🇨🇭EuropeHealthcare13,76 billion $11,29 Bn CHF
4Intel CorporationINTC🇺🇸United StatesTechnology13,10 billion $
5Microsoft CorporationMSFT🇺🇸United StatesTechnology13,04 billion $
6Volkswagen AGVOW3.DE🇩🇪GermanyConsumer Cyclical12,95 billion $11,61 Md€
7Samsung Electronics Co., Ltd.SSNLF🇰🇷KoreaTechnology11,99 billion $16 356 Md₩
8Apple Inc.AAPL🇺🇸United StatesTechnology11,58 billion $
9Johnson & JohnsonJNJ🇺🇸United StatesHealthcare10,59 billion $
10Merck & Co., Inc.MRK🇺🇸United StatesHealthcare10,34 billion $
11Novartis AGNOVN.SW🇨🇭EuropeHealthcare8,39 billion $
12Meta Platforms, Inc.META🇺🇸United StatesTechnology7,75 billion $
13Pfizer Inc.PFE🇺🇸United StatesHealthcare7,64 billion $
14Bayerische Motoren Werke AGBMW.DE🇩🇪GermanyConsumer Cyclical6,81 billion $6,11 Md€
15Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical6,62 billion $5,94 Md€
16Toyota Motor CorporationTOYOF🇯🇵JapanConsumer Cyclical6,55 billion $1 038 Bn¥
17SanofiSAN.PA🇫🇷FranceHealthcare6,21 billion $5,57 Md€
18Oracle CorporationORCL🇺🇸United StatesTechnology6,15 billion $
19Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology6,06 billion $
20Siemens AGSIE.DE🇩🇪GermanyIndustrials5,76 billion $5,16 Md€
21AstraZeneca PLCAZN🇬🇧United KingdomHealthcare5,65 billion $
22International Business Machines CorporationIBM🇺🇸United StatesTechnology5,59 billion $
23QUALCOMM IncorporatedQCOM🇺🇸United StatesTechnology5,49 billion $
24Nokia OyjNOKIA.HE🇫🇮EuropeTechnology5,48 billion $4,92 Md€
25AbbVie Inc.ABBV🇺🇸United StatesHealthcare5,33 billion $
26Exor N.V.EXO.AS🇳🇱EuropeConsumer Cyclical5,21 billion $4,67 Md€
27GSK plcGSK🇬🇧United KingdomHealthcare5,16 billion $3,87 Bn£
28Eli Lilly and CompanyLLY🇺🇸United StatesHealthcare5,10 billion $
29Bayer AGBAYN.DE🇩🇪GermanyHealthcare5,02 billion $4,50 Md€
30Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare4,97 billion $
31GE AerospaceGE🇺🇸United StatesIndustrials4,74 billion $
32Honda Motor Co., Ltd.HNDAF🇯🇵JapanConsumer Cyclical4,36 billion $691,43 Bn¥
33Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST🇸🇪EuropeTechnology3,83 billion $37,89 billion SEK
34SAP SESAP.DE🇩🇪GermanyTechnology3,74 billion $3,35 Md€
35Gilead Sciences, Inc.GILD🇺🇸United StatesHealthcare3,73 billion $
36Stellantis N.V.STLA🇳🇱EuropeConsumer Cyclical3,60 billion $3,23 Md€
37Amgen Inc.AMGN🇺🇸United StatesHealthcare3,56 billion $
38Continental AGCON.DE🇩🇪GermanyConsumer Cyclical3,46 billion $3,10 Md€
39Airbus SEEADSF🇳🇱EuropeIndustrials3,34 billion $2,99 Md€
40Broadcom Inc.AVGO🇺🇸United StatesTechnology3,29 billion $
41The Boeing CompanyBA🇺🇸United StatesIndustrials3,18 billion $
42Panasonic Holdings CorporationPCRFF🇯🇵JapanTechnology2,91 billion $460,38 Bn¥
43Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical2,89 billion $2,59 Md€
44Sony Group CorporationSONY🇯🇵JapanTechnology2,82 billion $447,46 Bn¥
45Dell Technologies Inc.DELL🇺🇸United StatesTechnology2,64 billion $
46Tencent Holdings LimitedTCEHY🇨🇳ChinaCommunication Services2,62 billion $17,46 billion CN¥
47DENSO CorporationDNZOY🇺🇸United StatesConsumer Cyclical2,58 billion $409,22 Bn¥
48Alibaba Group Holding LimitedBABAF🇨🇳ChinaConsumer Cyclical2,56 billion $17,06 billion CN¥
49Hon Hai Precision Industry Co., Ltd.HNHPF🇹🇼TaiwanTechnology2,50 billion $81,78 Bn NT$
50Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼TaiwanTechnology2,46 billion $80,73 Bn NT$
51Western Digital CorporationWDC🇺🇸United StatesTechnology2,44 billion $
52RTX CorporationRTX🇺🇸United StatesIndustrials2,43 billion $
53Biogen Inc.BIIB🇺🇸United StatesHealthcare2,37 billion $
54Merck KGaAMRK.DE🇩🇪GermanyHealthcare2,35 billion $2,11 Md€
55Medtronic plcMDT🇮🇪EuropeHealthcare2,19 billion $
56BAE Systems plcBAESY🇬🇧United KingdomIndustrials2,15 billion $1,61 Bn£
57Abbott LaboratoriesABT🇺🇸United StatesHealthcare2,13 billion $
58Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive2,12 billion $1,74 Bn CHF
59Hitachi, Ltd.HTHIF🇯🇵JapanIndustrials2,10 billion $332,90 Bn¥
60Novo Nordisk A/SNOVO-B.CO🇩🇰EuropeHealthcare2,09 billion $14,01 Bn DKK
61Canon Inc.CAJPY🇯🇵JapanTechnology2,08 billion $330,05 Bn¥
62BASF SeBAS.DE🇩🇪GermanyBasic Materials2,05 billion $1,84 Md€
63Takeda Pharmaceutical Company LimitedTAK🇯🇵JapanHealthcare2,05 billion $325,44 Bn¥
64Micron Technology, Inc.MU🇺🇸United StatesTechnology2,04 billion $
65Koninklijke Philips N.V.PHIA.AS🇳🇱EuropeHealthcare1,97 billion $1,76 Md€
66SAIC Motor Corporation Limited600104.SS🇨🇳ChinaConsumer Cyclical1,95 billion $13,01 billion CN¥
67ZTE CorporationZTCOF🇨🇳ChinaTechnology1,94 billion $12,96 billion CN¥
68Baidu, Inc.BAIDF🇨🇳ChinaCommunication Services1,94 billion $12,93 billion CN¥
69Regeneron Pharmaceuticals, Inc.REGN🇺🇸United StatesHealthcare1,93 billion $
703M CompanyMMM🇺🇸United StatesIndustrials1,86 billion $
71Teva Pharmaceutical Industries LimitedTEVA🇮🇱OthersHealthcare1,85 billion $
72PetroChina Company LimitedPCCYF🇺🇸United StatesEnergy1,85 billion $12,32 billion CN¥
73Caterpillar Inc.CAT🇺🇸United StatesIndustrials1,84 billion $
74Honeywell International Inc.HON🇺🇸United StatesIndustrials1,83 billion $
75China Railway Group LimitedCRWOF🇨🇳ChinaIndustrials1,80 billion $12,02 billion CN¥
76Applied Materials, Inc.AMAT🇺🇸United StatesTechnology1,77 billion $
77Valeo SEFR.PA🇫🇷FranceConsumer Cyclical1,77 billion $1,58 Md€
78LG Electronics Inc.066575.KS🇰🇷KoreaTechnology1,75 billion $2 387 Md₩
79MediaTek Inc.2454.TW🇹🇼TaiwanTechnology1,74 billion $57,17 Bn NT$
80AB Volvo (publ)VOLV-B.ST🇸🇪EuropeIndustrials1,63 billion $16,10 billion SEK
81China Railway Construction Corporation Limited601186.SS🇨🇳ChinaIndustrials1,56 billion $10,40 billion CN¥
82NXP Semiconductors N.V.NXPI🇳🇱EuropeTechnology1,55 billion $
83Snap Inc.SNAP🇺🇸United StatesCommunication Services1,53 billion $
84Corteva, Inc.CTVA🇺🇸United StatesBasic Materials1,51 billion $
85Texas Instruments IncorporatedTXN🇺🇸United StatesTechnology1,51 billion $
86AT&T Inc.T🇺🇸United StatesCommunication Services1,50 billion $
87CRRC Corporation Limited601766.SS🇨🇳ChinaIndustrials1,50 billion $9,98 billion CN¥
88Hewlett Packard Enterprise CompanyHPE🇺🇸United StatesTechnology1,49 billion $
89NVIDIA CorporationNVDA🇺🇸United StatesTechnology1,46 billion $
90SK hynix Inc.000660.KS🇰🇷KoreaTechnology1,45 billion $1 975 Md₩
91Siemens Healthineers AGSHL.DE🇩🇪GermanyHealthcare1,40 billion $1,25 Md€
92Expedia Group, Inc.EXPE🇺🇸United StatesConsumer Cyclical1,39 billion $
93Tesla, Inc.TSLA🇺🇸United StatesConsumer Cyclical1,38 billion $
94Deere & CompanyDE🇺🇸United StatesIndustrials1,37 billion $
95Schneider Electric S.E.SU.PA🇫🇷FranceIndustrials1,37 billion $1,23 Md€
96ABB LtdABBN.SW🇨🇭EuropeIndustrials1,36 billion $
97Safran S.A.SAF.PA🇫🇷FranceIndustrials1,36 billion $1,22 Md€
98Lenovo Group LimitedLNVGF🇭🇰Hong KongTechnology1,36 billion $
99Daiichi Sankyo Company, LimitedDSKYF🇯🇵JapanHealthcare1,35 billion $214,30 Bn¥
100NTT, Inc.NPPXF🇯🇵JapanCommunication Services1,34 billion $211,62 Bn¥
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 2017 ranking established?
It ranks companies by their research and development expenses for the fiscal year 2017, 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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