Pinterest (PINS) Research & Development (2018 - 2026)
Pinterest (PINS) reported Research & Development of $451.01 million for Q2 2026, up 25.4% from $359.62 million a year earlier and up 18.4% from the prior quarter.
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Analysis
Pinterest (PINS) Research & Development (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pinterest's Research & Development came in at $1.57 billion, up 17.1% year-over-year; for FY2025, it was $1.43 billion, up 15.1% from FY2024.
- Research & Development has increased for five consecutive years, with a five-year compound annual growth rate of 18.7% (FY2020 to FY2025).
- By year, Research & Development came in at $1.24 billion in FY2024 (+16.1%), $1.07 billion in FY2023 (+12.6%), $948.98 million in FY2022 (+21.6%) and $780.26 million in FY2021 (+28.7%).
- The Q2 2026 figure ranks as the highest quarterly Research & Development since Q2 2019.
- Year over year, Research & Development has now increased in each of the last 22 quarters, with growth averaging 18.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 1.0% in Q4 2023 to 47.1% in Q4 2021.
- Per Business Quant data, the three quarters before Q2 2026 came in at $380.79 million (Q1 2026), $364.91 million (Q4 2025) and $371.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 468.43 Mn |
| 10 | 12.58 Bn | 4.86 Bn | 922.30 Mn | 451.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 451.01 Mn |
| Mar 31, 2026 | 380.79 Mn |
| Dec 31, 2025 | 364.91 Mn |
| Sep 30, 2025 | 371.25 Mn |
| Jun 30, 2025 | 359.62 Mn |
| Mar 31, 2025 | 331.67 Mn |
| Dec 31, 2024 | 320.77 Mn |
| Sep 30, 2024 | 326.68 Mn |
| Jun 30, 2024 | 312.84 Mn |
| Mar 31, 2024 | 280.28 Mn |
| Dec 31, 2023 | 267.98 Mn |
| Sep 30, 2023 | 264.70 Mn |
| Jun 30, 2023 | 269.39 Mn |
| Mar 31, 2023 | 266.35 Mn |
| Dec 31, 2022 | 265.24 Mn |
| Sep 30, 2022 | 254.68 Mn |
| Jun 30, 2022 | 233.51 Mn |
| Mar 31, 2022 | 195.55 Mn |
| Dec 31, 2021 | 240.86 Mn |
| Sep 30, 2021 | 185.95 Mn |
API Access
Pinterest 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=PINS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PINS", "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=PINS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();