Annual Research & Development (R&D) Expense of Nvidia from 2010 to 2024

Source

Release Date: 20/03/2023

Chart Overview:

The chart above shows the annual spend by Nvidia 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 Nvidia spends a significant amount on R&D and the spending has been increasing in recent few years.

In Fiscal year 2024, Nvidia spent USD 8.7 Billion on Research & Development (R&D), which was an increase of 18% compared to 2022 and almost 265% higher than the spend 5 years ago in 2018.

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