Edwards (EW) r&d spend was $1.1B in FY2025 (+2% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$1.1B
+2%
2024
$1.1B
+9%
2023
$963M
+14%
2022
$844M
-7%
2021
$903M
+19%
2020
$761M
+1%
2019
$753M
+21%
2018
$622M
+13%
2017
$553M
+25%
2016
$442M
+15%
2015
$383M
+11%
2014
$346M
+7%
2013
$323M
+11%
2012
$291M
+18%
2011
$246M
+20%
2010
$204M
+16%
2009
$176M
+26%
2008
$139M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$279M
Q1 2026
$263M
Q4 2025
$268M
Q3 2025
$281M
Q2 2025
$276M
Q1 2025
$255M
Q4 2024
$271M
Q3 2024
$253M
Q2 2024
$272M
Q1 2024
$257M
Q4 2023
$242M
Q3 2023
$243M
Source: EW on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.