Dexcom (DXCM) Research & Development (2010 - 2026)
Dexcom (DXCM) recorded Research & Development of $153 million in Q2 2026, up 3.2% from $148.2 million a year earlier and up 5.3% 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 $604 million as of Jun 30, 2026, up 6.3% 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%).
- Quarterly Research & Development has ranged from $110.3 million in Q3 2022 to $157.5 million in Q3 2025 over the past five years.
- On a year-over-year basis, Research & Development has increased for 12 consecutive quarters, with growth averaging 5.4% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 46.9% in Q3 2021, against a decline of 22.4% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $145.3 million (Q1 2026), $148.2 million (Q4 2025) and $157.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Dexcom | 32.57 Bn | 22.88 Bn | 830.00 Mn | 153.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 128.80 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();