Waters (WAT) r&d spend was $196M in FY2025 (+7% 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
$196M
+7%
2024
$183M
+5%
2023
$175M
-1%
2022
$176M
+5%
2021
$168M
+20%
2020
$141M
-2%
2019
$143M
-0%
2018
$143M
+8%
2017
$133M
+6%
2016
$125M
+6%
2015
$119M
+10%
2014
$108M
+7%
2013
$101M
+5%
2012
$96M
+4%
2011
$92M
+10%
2010
$84M
+9%
2009
$77M
-5%
2008
$82M
+1%
2007
$81M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$122M
Q1 2026
$96M
Q4 2025
$47M
Q3 2025
$54M
Q2 2025
$49M
Q1 2025
$47M
Q4 2024
$47M
Q3 2024
$45M
Q2 2024
$46M
Q1 2024
$45M
Q4 2023
$44M
Q3 2023
$42M
Source: WAT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.