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Business R&D Performance in the United States Increases to $765 Billion in 2024.
Analysis

Business R&D Performance in the United States Increases to $765 Billion in 2024

October 29, 2026
Businesses continued to increase their research and development (R&D) performance in 2024, spending $765 billion on R&D in the United States—a 6.0% increase from 2023. Funding from the companies’ own sources accounted for $679 billion of total spending in 2024, and funding from other sources accounted for the remaining $86 billion.

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