Dexcom (DXCM) Research & Development (2010 - 2026)
Dexcom (DXCM) recorded Research & Development of $161.6 million in Q3 2026, up 2.6% from $157.5 million a year earlier and up 5.6% from the prior quarter.
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Analysis
Dexcom (DXCM) Research & Development (2010 - 2026) Analysis & Trends
On a TTM basis, Dexcom's Research & Development came in at $608.1 million as of Sep 30, 2026, up 3.0% year-over-year; for FY2025, it was $599.1 million, up 8.5% from FY2024.
- Annual Research & Development has increased for three straight years, with a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $552.4 million in FY2024 (+9.2%), $505.8 million in FY2023 (+4.5%), $484.2 million in FY2022 (-6.4%) and $517.1 million in FY2021 (+43.7%).
- The Q3 2026 figure is the highest quarterly Research & Development in data going back to Q2 2010.
- On a year-over-year basis, Research & Development has increased for 13 consecutive quarters, with growth averaging 5.3% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 25.7% in Q4 2021, against a decline of 22.4% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $153 million (Q2 2026), $145.3 million (Q1 2026) and $148.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Dexcom | 29.96 Bn | 21.78 Bn | 864.40 Mn | 161.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 161.60 Mn |
| Jun 30, 2026 | 153.00 Mn |
| Mar 31, 2026 | 145.30 Mn |
| Dec 31, 2025 | 148.20 Mn |
| Sep 30, 2025 | 157.50 Mn |
| Jun 30, 2025 | 148.20 Mn |
| Mar 31, 2025 | 145.20 Mn |
| Dec 31, 2024 | 139.50 Mn |
| Sep 30, 2024 | 135.40 Mn |
| Jun 30, 2024 | 136.00 Mn |
| Mar 31, 2024 | 141.50 Mn |
| Dec 31, 2023 | 136.10 Mn |
| Sep 30, 2023 | 131.40 Mn |
| Jun 30, 2023 | 119.30 Mn |
| Mar 31, 2023 | 119.00 Mn |
| Dec 31, 2022 | 116.30 Mn |
| Sep 30, 2022 | 110.30 Mn |
| Jun 30, 2022 | 121.70 Mn |
| Mar 31, 2022 | 135.90 Mn |
| Dec 31, 2021 | 149.80 Mn |
API Access
Dexcom 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=DXCM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "DXCM", "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=DXCM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();