In the recent years, Alphabet has increased its investment in research and development at a significant pace. The company spent $11.47 billion in the first quarter of 2023 which was $2.35 billion higher than the same quarter in the prior year.
FY 2022
R&D Expenses ($ mn)
Q1
$9,119
Q2
$9,841
Q3
$10,273
Q4
$10,267
Total
$39,500
In fiscal 2022, Alphabet increased its research and development expenses by around $8 billion compared to the prior year. The company spent $39.5 billion on R&D in 2022 compared to $31.56 billion in the prior year.
FY 2021
R&D expenses ($ millions)
Q1
$7,485
Q2
$7,675
Q3
$7,694
q4
$8,708
Total
$31,562
From 2020 to 2021, the research and devlopment expenses of Alphabet Inc (parent company of Google) increased by $4 billion. The company spent 12.3% of its net revenues or $31.6 billion on research and devleopment in 2021, compared to $27.6 billion in 2020.
FY 2020
R&D expenses ($ millions)
Q1
$6,820
Q2
$6,875
Q3
$6,856
Q4
$7,022
Total
$27.573
2019
R&D Expenses ($mn)
Q1
$6,029
Q2
$6,213
Q3
$6,554
Q4
$7,222
Total
$26,018
The research and development expenses of Alphabet Inc totalled $26 billion for 2019. Net R&D expenses of the company reached $7.2 billion in the fourth quarter of 2019, compared to $6 billion during the same period last year.
FY 2018
R&D Costs (Millions)
Q1
$5,039
Q2
$5,114
Q3
$5,232
Q4
$6,034
FY 2017
R&D Costs (Millions)
Q1
$3,942
Q2
$4,172
Q3
$4,205
Q4
$4,306
FY 2016
R&D Costs (Millions)
Q1
$3,367
Q2
$3,363
Q3
$3,596
Q4
$3,622
FY 2015
R&D Cosst (Millions)
Q1
$2,753
Q2
$2,789
Q3
$3,230
Q4
$3,510
FY 2014
R&D Costs (Millions)
Q1
$2,126
Q2
$2,238
Q3
$2,655
Q4
$2,813
About Alphabet:
Alphabet is the parent company of Google. It has its headquarters located at Mountain View California, United States.
Apart from its google search engine and advertising products, Alphabet offers a vast range of products including Cloud services and other services like Chrome Browser and Google Maps.
The CEO of Alphabet is Sundar Pichai. Alphabet’s main source of revenue if digital advertising followed by cloud services. It also owns YouTube and some other businesses that are collectively called Other Bets