Company / R&D Expense
FactSet R&D Expense History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$300.7M
FY2025
5-year range
$250.1M / $300.7M
FY2021-FY2025
Trend
+13.4%
vs FY2024
Sector context
#6 of 21
Financials
What the data says
At $301M, FactSet's r&d expense ranks #6 of 21 in the Financials sector. R&D Expense has fluctuated over the past 9 years, ranging from $215M in FY2019 to $301M in FY2025.
Based on SEC 10-K filings.
$301M in FY2025 with a 5-year CAGR of +6.1%. Top quartile in the Financials sector.
Improved from $267M to $301M over the past 2 years.
Financials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +5.6%
- 5-Year CAGR
- +6.1%
- 10-Year CAGR
- -
Sector benchmark
#6 of 21 in FinancialsTop 29% of 21This company $300.7M Sector average $385.8M
▼
-22.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +6.1%, indicating consistent growth.
- In FY2025, r&d expense increased 13.4% year-over-year.
- Ranks #6 out of 21 companies in the Financials sector.
- Lowest r&d expense in the period was in FY2019.
Company context
Key Data Points
- Strong profit margin: 25.7%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 27.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $300.7M | +13.4% |
| FY2024 | $265.2M | -0.8% |
| FY2023 | $267.4M | +4.8% |
| FY2022 | $255.1M | +2.0% |
| FY2021 | $250.1M | +11.7% |
| FY2020 | $224.0M | +4.3% |
| FY2019 | $214.7M | -1.1% |
| FY2018 | $217.1M | +1.0% |
| FY2017 | $215.0M | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026