Waters (WAT) Research & Development (2009 - 2026)

Waters' Research & Development history runs 18 years deep, the most recent figure standing at $96.0 million for Q2 2026.

• In Q2 2026, Research & Development rose 104.26% year-over-year to $96.0 million; the TTM figure through Apr 2026 stood at $245.1 million (up 32.17% YoY), while the FY2025 annual figure was $195.7 million, up 6.93% from the prior year.
• Research & Development was $96.0 million for Q2 2026 at Waters, up from $46.9 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $96.0 million in Q2 2026 to a low of $40.5 million in Q1 2022.
• Historically, Research & Development has averaged $48.6 million across 5 years, with a median of $45.9 million in 2023.
• The sharpest annual moves came in 2023 and 2026: Research & Development retreated 8.06% in 2023, then jumped 104.26% in 2026.
• A 5-year view of Research & Development shows it stood at $48.3 million in 2022, then retreated by 8.06% to $44.4 million in 2023, then climbed by 5.7% to $46.9 million in 2024, then retreated by 0.03% to $46.9 million in 2025, then jumped by 104.7% to $96.0 million in 2026.
• The last three Research & Development figures came in at $96.0 million (Q2 2026), $46.9 million (Q4 2025), and $53.6 million (Q3 2025), per Business Quant data.