Research and Development Costs of BMW 2004-2023
The table below shows the research and development costs of the BMW group starting 2004 to the latest fiscal year.
Amounts are in millions of Euros.
| Year | R&D Costs (€ Millions) |
| 2023 | € 7,538 |
| 2022 | € 6,624 |
| 2021 | € 6,299 |
| 2020 | € 5,689 |
| 2019 | € 5,952 |
| 2018 | € 6,890 |
| 2017 | € 6,108 |
| 2016 | € 5,164 |
| 2015 | € 5,169 |
| 2014 | € 4,566 |
| 2013 | € 4,793 |
| 2012 | € 3,952 |
| 2011 | € 3,373 |
| 2010 | € 2,773 |
| 2009 | € 2,448 |
| 2008 | € 2,864 |
| 2007 | €3,144 |
2023: BMW spent €7,538 million on research and development in 2023 compared to €6,624 million in the previous year. Its research and development expenses grew 13.8% in 2023 compared to the prior year. BMW’s total cost of sales increased 6.6% in 2023 compared to 2022.
2022: In fiscal 2022, €6,624 million on research and development compared to €6,299 million in 2021.
2021: In fiscal 2021, BMW spent €6,299 million on research and development compared to €5,689 million in 2020. Its R&D expenses grew 10% in 2021 compared to the last year. Its total costs of sales increased 4.5% in 2021 compared to 2020. BMW’s total cost of sales amounted to €89,253 million in 2021 compared to €85,408 million in the previous year.
BMW research and development expenses in 2020
The research and development expenses of the BMW group were down 4.4% in 2020 compared to the previous year. The company spent 5,689 million Euros on research and development in 2020 compared to 5,952 million Euros in 2019. Its R&D expenses remained 5.7% of the net revenues of the company for both the years. However, the R&D expenditure ratio was down to 6.2% in 2020 compared to 6.3% in 2019.
In 2018, research and development expenses of BMW rose significantly compared to last year. Total research and development expenditure grew to €6,890 million in 2018 compared to €6,108 million in 2017. Year on year, net growth in Research and Development expediture was that of 12.8%. Research and development expenditure ratio was 7.1% in 2018 compared to 6.2% in 2017.
About BMW Group:
The BMW Group was founded on 7 March, 1916. The full form of BMW AG is ‘Bayerische Motoren Werke AG’. Today BMW is one of the leading manufacturers of premium cars and motorcycles. It owns four brands – BMW, MINI, Rolls-Royce and BMW Motorrad.
The BMW group has 31 production and assembly facilities in 15 countries and a global sales network. The number of employees working for the group in 2020 was 120,726. BMW delivered more than 2.3 million (2,325,179 total) passenger vehicles during 2020 and sold more than 169,000 (169,272 total) motorcycles worldwide.
The net revenue of the company for 2020 was € 98,990 million, having declined by 5% compared to the previous year. The group generated a net profit of 3.86 billion Euros in 2020, down 23% compared to the last year.