Analysis
Universities Report 8.1% Growth in R&D Expenditures in FY 2024, Reaching Over $117 Billion
February 10, 2026
R&D spending by higher education institutions reached $117.7 billion in FY 2024, up $8.9 billion from FY 2023. Of the increase, federal sources accounted for $5.0 billion, universities' own funds for $2.5 billion, state and local governments for $633 million, businesses for $131 million, and nonprofits for $16 million; all other funding sources made up the remaining $530 million.
Analysis
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