Annual Research & Development (R&D) Expense of Meta (Facebook) from 2009 to 2023

Source

Release Date: 20/03/2023

Chart Overview:

The chart above shows the annual spend by Meta (parent company of Facebook) on Research & Development (R&D). These expenses are direct expenditures relating to a company’s efforts to develop, design, and enhance its products, services, technologies, or processes.

Note that companies also get tax breaks for R&D expenses.

Key Insight & Takeaway:

The chart shows that Meta spends a significant amount on R&D and the spending has been increasing in recent few years, with its increased focus on the Metaverse and AI (Artificial Intelligence)

In 2023, Meta spent USD 38.5 Billion on Research & Development (R&D), which was an increase of 9% compared to 2022 and almost 275% higher than the spend 5 years ago in 2018.

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