Danaher (DHR) Research & Development (2009 - 2026)
Danaher's Research & Development came in at $412 million for Q2 2026, up 2.2% from $403 million a year earlier and up 6.5% from the prior quarter.
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Analysis
Danaher (DHR) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 26, 2026, Danaher reported Research & Development of $1.62 billion, up 0.5% year-over-year; for FY2025, it was $1.6 billion, up 0.9% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 3.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $1.58 billion in FY2024 (+5.4%), $1.5 billion in FY2023 (-1.6%), $1.53 billion in FY2022 (+2.0%) and $1.5 billion in FY2021 (+11.1%).
- The five-year range for quarterly Research & Development is $236 million (Q4 2022) to $442 million (Q4 2024).
- Year-over-year, Research & Development increased in six of the last eight quarters, with growth averaging 2.8%.
- The fastest year-over-year change in Research & Development over five years came in Q4 2023 (growth of 72.5%), and the weakest in Q4 2021 (a decline of 36.6%).
- Business Quant data shows DHR's Research & Development at $387 million (Q1 2026), $438 million (Q4 2025) and $378 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 123.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 412.00 Mn |
| Mar 27, 2026 | 387.00 Mn |
| Dec 31, 2025 | 438.00 Mn |
| Sep 26, 2025 | 378.00 Mn |
| Jun 27, 2025 | 403.00 Mn |
| Mar 28, 2025 | 379.00 Mn |
| Dec 31, 2024 | 442.00 Mn |
| Sep 27, 2024 | 383.00 Mn |
| Jun 28, 2024 | 391.00 Mn |
| Mar 29, 2024 | 368.00 Mn |
| Dec 31, 2023 | 407.00 Mn |
| Sep 29, 2023 | 362.00 Mn |
| Jun 30, 2023 | 361.00 Mn |
| Mar 31, 2023 | 373.00 Mn |
| Dec 31, 2022 | 236.00 Mn |
| Sep 30, 2022 | 420.00 Mn |
| Jul 1, 2022 | 431.00 Mn |
| Apr 1, 2022 | 441.00 Mn |
| Dec 31, 2021 | 251.00 Mn |
| Oct 1, 2021 | 441.00 Mn |
API Access
Danaher 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=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "DHR", "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=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();