Amazon research and development expenses
Research and Development Expenses of Amazon 2004-2021.
Amounts are in millions.
|Year||R&D expenses ($Millions)|
2021: Amazon is the largest R&D spender in the entire industry. The ecommerce company spent $56,052 million on research and development in 2021 compared to $42,720 million in 2020.
In 2019, the research and development expenses of Amazon grew to $35.9 billion compared to $28.8 billion in 2018, yoy growth of around 25%.
Amazon presents its research and development expenses as technology and content expenses in its annual report. The R&D expenses of Amazon grew to 28.8 Bn Dollars in FY-2018 from 22.6 Bn dollars in FY-2017. Amazon's investment in research and development is the highest in the entire technology industry. Compared to the previous year, R&D expenses of Amazon grew 12.4% in 2018.
Amazon (NASDAQ: AMZN) is the largest ecommerce brand as well as one of the leading cloud services brand. The company which was founded in 1994 has seen enormous growth over the last five years and has greatly extended its range of cloud based services. Amazon has its headquarters in Seattle, Washington, United States. The CEO of Amazon is Jeff Bezos. Amazon Web Services (AWS) is the cloud services platform of Amazon. Amazon is also the largest R&D spender in the entire industry. The company has divided its business into three main segments that include Amazon North America, Amazon International and AWS.