Apple (AAPL) Research & Development (2009 - 2026)
Apple (AAPL) recorded Research & Development of $11.73 billion in fiscal Q3 2026 (quarter ended Jun 27, 2026), up 32.3% from $8.87 billion a year earlier and up 2.7% from the prior quarter.
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Analysis
Apple (AAPL) Research & Development (2009 - 2026) Analysis & Trends
On a TTM basis, Apple's Research & Development came in at $42.9 billion as of Jun 27, 2026, up 28.3% year-over-year; for FY2025 (ended Sep 27, 2025), it was $34.55 billion, up 10.1% from FY2024.
- Annual Research & Development has increased for 16 straight fiscal years, with a five-year compound annual growth rate of 13.0% (FY2020 to FY2025).
- Across earlier fiscal years, Research & Development came in at $31.37 billion in FY2024 (+4.9%), $29.92 billion in FY2023 (+14.0%), $26.25 billion in FY2022 (+19.8%) and $21.91 billion in FY2021 (+16.9%).
- The fiscal Q3 2026 figure is the highest quarterly Research & Development in data going back to fiscal Q2 2009.
- On a year-over-year basis, Research & Development has increased for ten consecutive quarters, with growth averaging 18.0% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 33.6% in fiscal Q2 2026, against a decline of 0.2% in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $11.42 billion (Q2 2026), $10.89 billion (Q1 2026) and $8.87 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | - |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 104.40 Mn |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 1.16 Bn |
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 |
API Access
Apple Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();