NVIDIA vs Microsoft — R&D Spend Comparison

NVIDIA (NVDA) r&d spend was $18.5B in FY2026 (+43% YoY); Microsoft (MSFT) r&d spend was $32.5B in FY2025 (+10% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	NVIDIA	Microsoft
2026	$18.5B	—
2025	$12.9B	$32.5B
2024	$8.7B	$29.5B
2023	$7.3B	$27.2B
2022	$5.3B	$24.5B
2021	$3.9B	$20.7B
2020	$2.8B	$19.3B
2019	$2.4B	$16.9B
2018	$1.8B	$14.7B
2017	$1.5B	$13.0B
2016	$1.3B	$12.0B
2015	$1.4B	$12.0B
2014	$1.3B	$11.4B
2013	$1.1B	$10.4B
2012	$1.0B	$9.8B
2011	$849M	$9.0B
2010	$909M	$8.7B
2009	$856M	$9.0B
2008	$692M	$8.2B

NVIDIA — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2026	$18.5B	+43%
2025	$12.9B	+49%
2024	$8.7B	+18%
2023	$7.3B	+39%
2022	$5.3B	+34%
2021	$3.9B	+39%
2020	$2.8B	+19%
2019	$2.4B	+32%
2018	$1.8B	+23%
2017	$1.5B	+10%
2016	$1.3B	-2%
2015	$1.4B	+2%
2014	$1.3B	+16%
2013	$1.1B	+14%
2012	$1.0B	+18%
2011	$849M	-7%
2010	$909M	+6%
2009	$856M	+24%
2008	$692M

Microsoft — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$32.5B	+10%
2024	$29.5B	+9%
2023	$27.2B	+11%
2022	$24.5B	+18%
2021	$20.7B	+8%
2020	$19.3B	+14%
2019	$16.9B	+15%
2018	$14.7B	+13%
2017	$13.0B	+9%
2016	$12.0B	-0%
2015	$12.0B	+6%
2014	$11.4B	+9%
2013	$10.4B	+6%
2012	$9.8B	+8%
2011	$9.0B	+4%
2010	$8.7B	-3%
2009	$9.0B	+10%
2008	$8.2B

Source: NVDA on EDGAR · MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.