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2019 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 2019.

Share prices and capitalizations at 2026-11-05·Annual accounts for the fiscal year 2019·Calculated on 2026-11-08· 14414 companies ranked
Metric : research and development expenses for the fiscal year 2019 (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 Cyclical35,93 billion $
2Alphabet Inc.GOOG🇺🇸United StatesTechnology26,02 billion $
3Microsoft CorporationMSFT🇺🇸United StatesTechnology16,88 billion $
4Apple Inc.AAPL🇺🇸United StatesTechnology16,22 billion $
5Roche Holding AGRO.SW🇨🇭EuropeHealthcare15,57 billion $12,77 Bn CHF
6Volkswagen AGVOW3.DE🇩🇪GermanyConsumer Cyclical14,72 billion $13,20 Md€
7Samsung Electronics Co., Ltd.SSNLF🇰🇷KoreaTechnology14,60 billion $19 907 Md₩
8Meta Platforms, Inc.META🇺🇸United StatesTechnology13,60 billion $
9Intel CorporationINTC🇺🇸United StatesTechnology13,36 billion $
10Johnson & JohnsonJNJ🇺🇸United StatesHealthcare11,36 billion $
11Merck & Co., Inc.MRK🇺🇸United StatesHealthcare9,72 billion $
12Novartis AGNOVN.SW🇨🇭EuropeHealthcare9,40 billion $
13Pfizer Inc.PFE🇺🇸United StatesHealthcare8,36 billion $
14Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical7,34 billion $6,59 Md€
15Bayerische Motoren Werke AGBMW.DE🇩🇪GermanyConsumer Cyclical7,16 billion $6,42 Md€
16AbbVie Inc.ABBV🇺🇸United StatesHealthcare6,79 billion $
17SanofiSAN.PA🇫🇷FranceHealthcare6,71 billion $6,02 Md€
18Toyota Motor CorporationTOYOF🇯🇵JapanConsumer Cyclical6,62 billion $1 049 Bn¥
19Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology6,58 billion $
20Oracle CorporationORCL🇺🇸United StatesTechnology6,03 billion $
21Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare5,95 billion $
22International Business Machines CorporationIBM🇺🇸United StatesTechnology5,91 billion $
23Bayer AGBAYN.DE🇩🇪GermanyHealthcare5,91 billion $5,30 Md€
24Exor N.V.EXO.AS🇳🇱EuropeConsumer Cyclical5,89 billion $5,29 Md€
25GSK plcGSK🇬🇧United KingdomHealthcare5,67 billion $4,25 Bn£
26Alibaba Group Holding LimitedBABAF🇨🇳ChinaConsumer Cyclical5,61 billion $37,44 billion CN¥
27Eli Lilly and CompanyLLY🇺🇸United StatesHealthcare5,59 billion $
28QUALCOMM IncorporatedQCOM🇺🇸United StatesTechnology5,40 billion $
29AstraZeneca PLCAZN🇬🇧United KingdomHealthcare5,35 billion $
30Siemens AGSIE.DE🇩🇪GermanyIndustrials5,21 billion $4,67 Md€
31Honda Motor Co., Ltd.HNDAF🇯🇵JapanConsumer Cyclical5,09 billion $806,90 Bn¥
32Nokia OyjNOKIA.HE🇫🇮EuropeTechnology4,92 billion $4,41 Md€
33Uber Technologies, Inc.UBER🇺🇸United StatesTechnology4,84 billion $
34SAP SESAP.DE🇩🇪GermanyTechnology4,78 billion $4,29 Md€
35Broadcom Inc.AVGO🇺🇸United StatesTechnology4,70 billion $
36Dell Technologies Inc.DELL🇺🇸United StatesTechnology4,60 billion $
37Tencent Holdings LimitedTCEHY🇨🇳ChinaCommunication Services4,56 billion $30,39 billion CN¥
38Amgen Inc.AMGN🇺🇸United StatesHealthcare4,12 billion $
39Airbus SEEADSF🇳🇱EuropeIndustrials4,11 billion $3,69 Md€
40Gilead Sciences, Inc.GILD🇺🇸United StatesHealthcare4,05 billion $
41Stellantis N.V.STLA🇳🇱EuropeConsumer Cyclical4,03 billion $3,61 Md€
42Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST🇸🇪EuropeTechnology3,92 billion $38,81 billion SEK
43Continental AGCON.DE🇩🇪GermanyConsumer Cyclical3,75 billion $3,36 Md€
44Panasonic Holdings CorporationPCRFF🇯🇵JapanTechnology3,37 billion $533,20 Bn¥
45The Boeing CompanyBA🇺🇸United StatesIndustrials3,22 billion $
46DENSO CorporationDNZOY🇺🇸United StatesConsumer Cyclical3,14 billion $497,42 Bn¥
47GE AerospaceGE🇺🇸United StatesIndustrials3,12 billion $
48Takeda Pharmaceutical Company LimitedTAK🇯🇵JapanHealthcare3,11 billion $492,09 Bn¥
49Sony Group CorporationSONY🇯🇵JapanTechnology3,04 billion $481,20 Bn¥
50Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical2,96 billion $2,66 Md€
51Hon Hai Precision Industry Co., Ltd.HNHPF🇹🇼TaiwanTechnology2,79 billion $91,55 Bn NT$
52Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼TaiwanTechnology2,79 billion $91,42 Bn NT$
53Biogen Inc.BIIB🇺🇸United StatesHealthcare2,77 billion $
54Baidu, Inc.BAIDF🇨🇳ChinaCommunication Services2,75 billion $18,35 billion CN¥
55China State Construction Engineering Corporation Limited601668.SS🇨🇳ChinaIndustrials2,59 billion $17,29 billion CN¥
56ActiveOps PlcAOM.L🇬🇧United KingdomTechnology2,55 billion $1,91 Bn£
57Merck KGaAMRK.DE🇩🇪GermanyHealthcare2,52 billion $2,26 Md€
58China Railway Construction Corporation Limited601186.SS🇨🇳ChinaIndustrials2,48 billion $16,53 billion CN¥
59China Railway Group LimitedCRWOF🇨🇳ChinaIndustrials2,48 billion $16,51 billion CN¥
60RTX CorporationRTX🇺🇸United StatesIndustrials2,45 billion $
61Micron Technology, Inc.MU🇺🇸United StatesTechnology2,44 billion $
62Abbott LaboratoriesABT🇺🇸United StatesHealthcare2,41 billion $
63BASF SeBAS.DE🇩🇪GermanyBasic Materials2,41 billion $2,16 Md€
64Porsche AG VzP911.DE🇩🇪GermanyConsumer Cyclical2,39 billion $2,14 Md€
65NVIDIA CorporationNVDA🇺🇸United StatesTechnology2,38 billion $
66PetroChina Company LimitedPCCYF🇺🇸United StatesEnergy2,35 billion $15,67 billion CN¥
67Medtronic plcMDT🇮🇪EuropeHealthcare2,33 billion $
68Regeneron Pharmaceuticals, Inc.REGN🇺🇸United StatesHealthcare2,24 billion $
69JD.com, Inc.JDCMF🇨🇳ChinaConsumer Cyclical2,19 billion $14,62 billion CN¥
70Western Digital CorporationWDC🇺🇸United StatesTechnology2,18 billion $
71Novo Nordisk A/SNOVO-B.CO🇩🇰EuropeHealthcare2,12 billion $14,22 Bn DKK
72Koninklijke Philips N.V.PHIA.AS🇳🇱EuropeHealthcare2,10 billion $1,88 Md€
73SK hynix Inc.000660.KS🇰🇷KoreaTechnology2,09 billion $2 856 Md₩
74PayPal Holdings, Inc.PYPL🇺🇸United StatesFinancial Services2,08 billion $
75ASML Holding N.V.ASML.AS🇳🇱EuropeTechnology2,06 billion $1,84 Md€
76Applied Materials, Inc.AMAT🇺🇸United StatesTechnology2,05 billion $
77Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive2,04 billion $1,67 Bn CHF
78SAIC Motor Corporation Limited600104.SS🇨🇳ChinaConsumer Cyclical2,01 billion $13,39 billion CN¥
79Valeo SEFR.PA🇫🇷FranceConsumer Cyclical1,95 billion $1,75 Md€
80Adobe Inc.ADBE🇺🇸United StatesTechnology1,93 billion $
81MediaTek Inc.2454.TW🇹🇼TaiwanTechnology1,92 billion $63,00 Bn NT$
82China Communications Construction Company Limited601800.SS🇨🇳ChinaIndustrials1,89 billion $12,62 billion CN¥
83Salesforce, Inc.CRM🇺🇸United StatesTechnology1,89 billion $
84Canon Inc.CAJPY🇯🇵JapanTechnology1,88 billion $298,50 Bn¥
85ZTE CorporationZTCOF🇨🇳ChinaTechnology1,88 billion $12,55 billion CN¥
86AB Volvo (publ)VOLV-B.ST🇸🇪EuropeIndustrials1,87 billion $18,54 billion SEK
873M CompanyMMM🇺🇸United StatesIndustrials1,87 billion $
88Hitachi, Ltd.HTHIF🇯🇵JapanIndustrials1,85 billion $293,80 Bn¥
89Daimler Truck Holding AGDTG.DE🇩🇪GermanyIndustrials1,85 billion $1,66 Md€
90Hewlett Packard Enterprise CompanyHPE🇺🇸United StatesTechnology1,84 billion $
91LG Electronics Inc.066575.KS🇰🇷KoreaTechnology1,82 billion $2 483 Md₩
92CRRC Corporation Limited601766.SS🇨🇳ChinaIndustrials1,80 billion $12,02 billion CN¥
93Deere & CompanyDE🇺🇸United StatesIndustrials1,78 billion $
94Vertex Pharmaceuticals IncorporatedVRTX🇺🇸United StatesHealthcare1,75 billion $
95Caterpillar Inc.CAT🇺🇸United StatesIndustrials1,69 billion $
96Power Construction Corporation of China, Ltd601669.SS🇨🇳ChinaIndustrials1,69 billion $11,29 billion CN¥
97NXP Semiconductors N.V.NXPI🇳🇱EuropeTechnology1,64 billion $
98Trip.com Group LimitedTCOM🇸🇬OthersConsumer Cyclical1,60 billion $10,67 billion CN¥
99Honeywell International Inc.HON🇺🇸United StatesIndustrials1,56 billion $
100Advanced Micro Devices, Inc.AMD🇺🇸United StatesTechnology1,55 billion $
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 2019 ranking established?
It ranks companies by their research and development expenses for the fiscal year 2019, 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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