Apple (AAPL) Research & Development (2009 - 2026)
Apple's (AAPL) quarterly Research & Development came in at $11.7 billion in Q2 2026, up 32.29% on a YoY basis from $8.9 billion in Q2 2025, and up 2.71% quarter-over-quarter from $11.4 billion in Q1 2026.
Analysis
Apple (AAPL) Research & Development (2009 - 2026) Analysis & Trends
Apple (AAPL) has reported Research & Development for 18 consecutive years, with $11.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 32.29% year-over-year to $11.7 billion; the trailing twelve-month figure through Jun 2026 stood at $42.9 billion (up 28.26% YoY), and the FY2025 full-year result was $34.6 billion, up 10.14% from the prior year.
- Research & Development climbed to $11.7 billion in Q2 2026 per AAPL's latest filing, from $11.4 billion in the prior quarter.
- Across five years, Research & Development topped out at $11.7 billion in Q2 2026 and bottomed at $6.4 billion in Q1 2022.
- Historically, Research & Development has averaged $8.3 billion across 5 years, with a median of $7.8 billion in 2024.
- The sharpest annual moves came in 2023 and 2026: Research & Development dropped 0.17% in 2023, then soared 33.56% in 2026.
- Over 5 years, Research & Development stood at $7.7 billion in 2022, then dropped by 0.17% to $7.7 billion in 2023, then climbed by 7.43% to $8.3 billion in 2024, then surged by 31.68% to $10.9 billion in 2025, then grew by 7.73% to $11.7 billion in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $11.7 billion, $11.4 billion, and $10.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,859.45 Bn | 4,797.05 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Garmin | 53.81 Bn | 51.14 Bn | 1.26 Bn | 303.94 Mn |
| 3 | Vuzix | 211.42 Mn | 194.13 Mn | -645,411.00 | 3.10 Mn |
| 4 | Zepp Health | 69.33 Mn | -328,416.31 | 23.73 Mn | -11.55 Mn |
| 5 | Foxx Development Holdings | 17.72 Mn | 14.53 Mn | -1.45 Mn | 1.09 Mn |
| 6 | Wearable Devices | 652,391.50 | -18.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 11.73 Bn |
| Mar 28, 2026 | 11.42 Bn |
| Dec 27, 2025 | 10.89 Bn |
| Sep 27, 2025 | 8.87 Bn |
| Jun 28, 2025 | 8.87 Bn |
| Mar 29, 2025 | 8.55 Bn |
| Dec 28, 2024 | 8.27 Bn |
| Sep 28, 2024 | 7.77 Bn |
| Jun 29, 2024 | 8.01 Bn |
| Mar 30, 2024 | 7.90 Bn |
| Dec 30, 2023 | 7.70 Bn |
| Sep 30, 2023 | 7.31 Bn |
| Jul 1, 2023 | 7.44 Bn |
| Apr 1, 2023 | 7.46 Bn |
| Dec 31, 2022 | 7.71 Bn |
| Sep 24, 2022 | 6.76 Bn |
| Jun 25, 2022 | 6.80 Bn |
| Mar 26, 2022 | 6.39 Bn |
| Dec 25, 2021 | 6.31 Bn |
| Sep 25, 2021 | 5.77 Bn |