The research and development expenses of Procter and Gamble remained flat in 2023 compared to the prior year. P&G spent $2 billion each year on research and development in 2022 and 2023.
Procter & Gamble Research and Development Costs (2010-2023)
| Year | R&D Expenses ($ billions) |
| 2023 | $2 |
| 2022 | $2 |
| 2021 | $1.9 |
| 2020 | $1.8 |
| 2019 | $1.9 |
| 2018 | $1.9 |
| 2017 | $1.9 |
| 2016 | $1.9 |
| 2015 | $2 |
| 2014 | $1.9 |
| 2013 | $1.9 |
| 2012 | $2 |
| 2011 | $2 |
| 2010 | $1.9 |
The table above shows the R&D Expenses of P&G from 2010-2023. The sums are in Million Dollars.
The R&D Expenses of P&G climbed to 1.9 Billion dollars in 2018 from 1.87 Billion dollars in 2017.
About Procter & Gamble:
Procter & Gamble was incorporated in Ohio in 1905. However, the original business upon which P&G was built was founded in 1837 by William Procter and James Gamble. P&G offers a large range of consumer packaged goods. Today, its products sell across more than 180 countries and territories. The company operates across five reportable segments that include Beauty; Grooming; Health Care; Fabric & Home Care and Baby, Feminine & Family Care. The largest segment among these is fabric and homeware followed by Baby, Feminine and Family Care. Its largest market is united States which accounts for 41% of its net sales. P&G also spends a large sum on Research and development as well as marketing every year. The brand has focused its business on 65 brands across 10 product categories.