Waters annual r&d spending
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2025
Waters R&D Spending Growth & History (WAT)
Waters's r&d spending was $195.7M for fiscal 2025.
View full Waters company overviewWaters annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $195.7M | $12.7M | +6.93% |
| 2024 | 2024-12-31 | $183.0M | $8.1M | +4.62% |
| 2023 | 2023-12-31 | $174.9M | −$1.2M | −0.71% |
| 2022 | 2022-12-31 | $176.2M | $7.8M | +4.65% |
| 2021 | 2021-12-31 | $168.4M | $27.6M | +19.59% |
| 2020 | 2020-12-31 | $140.8M | −$2.2M | −1.52% |
| 2019 | 2019-12-31 | $143.0M | −$448,000 | −0.31% |
| 2018 | 2018-12-31 | $143.4M | $10.8M | +8.15% |
| 2017 | 2017-12-31 | $132.6M | $7.4M | +5.92% |
| 2016 | 2016-12-31 | $125.2M | $6.6M | +5.60% |
| 2015 | 2015-12-31 | $118.5M | $10.8M | +10.04% |
| 2014 | 2014-12-31 | $107.7M | $7.2M | +7.15% |
| 2013 | 2013-12-31 | $100.5M | $4.5M | +4.72% |
| 2012 | 2012-12-31 | $96.0M | $3.7M | +3.96% |
| 2011 | 2011-12-31 | $92.3M | $8.1M | +9.58% |
| 2010 | 2010-12-31 | $84.3M | $7.1M | +9.23% |
| 2009 | 2009-12-31 | $77.2M | −$4.4M | −5.43% |
| 2008 | 2008-12-31 | $81.6M | $939,000 | +1.16% |
| 2007 | 2007-12-31 | $80.6M | — | — |
Waters quarterly r&d spending
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Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-07-04 | $122.0M | — | — |
| Q1 2026 | 2026-04-04 | $96.0M | — | — |
| Q4 2025 | 2025-12-31 | $46.9M | −$16,000 | −0.03% |
| Q3 2025 · Sep 30 | 2025-09-30 | $53.6M | — | — |
| Q3 2025 · Sep 27 | 2025-09-27 | $53.6M | — | — |
| Q2 2025 · Jun 30 | 2025-06-30 | $48.5M | — | — |
| Q2 2025 · Jun 28 | 2025-06-28 | $49.0M | — | — |
| Q1 2025 · Mar 31 | 2025-03-31 | $46.6M | — | — |
| Q1 2025 · Mar 29 | 2025-03-29 | $47.0M | — | — |
| Q4 2024 | 2024-12-31 | $46.9M | $2.5M | +5.70% |
| Q3 2024 · Sep 30 | 2024-09-30 | $45.3M | $3.3M | +7.96% |
| Q3 2024 · Sep 28 | 2024-09-28 | $45.3M | $3.3M | +7.96% |
| Q2 2024 · Jun 30 | 2024-06-30 | $46.2M | — | — |
| Q2 2024 · Jun 29 | 2024-06-29 | $46.2M | — | — |
| Q1 2024 · Mar 31 | 2024-03-31 | $44.6M | — | — |
| Q1 2024 · Mar 30 | 2024-03-30 | $44.6M | — | — |
| Q4 2023 | 2023-12-31 | $44.4M | −$3.9M | −8.06% |
| Q3 2023 | 2023-09-30 | $42.0M | — | — |
| Q2 2023 · Jul 1 | 2023-07-01 | $45.9M | — | — |
| Q2 2023 · Jun 30 | 2023-06-30 | $45.9M | — | — |
| Q1 2023 · Apr 1 | 2023-04-01 | $42.7M | — | — |
| Q1 2023 · Mar 31 | 2023-03-31 | $42.7M | — | — |
| Q4 2022 | 2022-12-31 | $48.3M | $4.9M | +11.41% |
| Q3 2022 · Oct 1 | 2022-10-01 | $43.4M | — | — |
| Q3 2022 · Sep 30 | 2022-09-30 | $43.4M | — | — |
| Q2 2022 · Jul 2 | 2022-07-02 | $44.0M | — | — |
| Q2 2022 · Jun 30 | 2022-06-30 | $44.0M | — | — |
| Q1 2022 · Apr 2 | 2022-04-02 | $40.5M | — | — |
| Q1 2022 · Mar 31 | 2022-03-31 | $40.5M | — | — |
| Q4 2021 | 2021-12-31 | $43.3M | $3.7M | +9.25% |
| Q3 2021 · Oct 2 | 2021-10-02 | $42.0M | — | — |
| Q3 2021 · Sep 30 | 2021-09-30 | $42.0M | — | — |
| Q2 2021 · Jul 3 | 2021-07-03 | $44.9M | — | — |
| Q2 2021 · Jun 30 | 2021-06-30 | $44.9M | — | — |
| Q1 2021 · Apr 3 | 2021-04-03 | $38.1M | — | — |
| Q1 2021 · Mar 31 | 2021-03-31 | $38.1M | — | — |
| Q4 2020 | 2020-12-31 | $39.7M | $2.6M | +6.99% |
| Q3 2020 · Sep 30 | 2020-09-30 | $35.0M | — | — |
| Q3 2020 · Sep 26 | 2020-09-26 | $35.0M | — | — |
| Q2 2020 · Jun 30 | 2020-06-30 | $31.2M | — | — |
| Q2 2020 · Jun 27 | 2020-06-27 | $31.2M | — | — |
| Q1 2020 · Mar 31 | 2020-03-31 | $35.0M | — | — |
| Q1 2020 · Mar 28 | 2020-03-28 | $35.0M | — | — |
| Q4 2019 | 2019-12-31 | $37.1M | −$1.0M | −2.71% |
| Q3 2019 · Sep 30 | 2019-09-30 | $34.3M | — | — |
| Q3 2019 · Sep 28 | 2019-09-28 | $34.3M | — | — |
| Q2 2019 · Jun 30 | 2019-06-30 | $36.5M | $846,000 | +2.37% |
| Q2 2019 · Jun 29 | 2019-06-29 | $36.5M | $846,000 | +2.37% |
| Q1 2019 · Mar 31 | 2019-03-31 | $35.1M | $580,000 | +1.68% |
| Q1 2019 · Mar 30 | 2019-03-30 | $35.1M | $580,000 | +1.68% |
| Q4 2018 | 2018-12-31 | $38.1M | $3.0M | +8.50% |
| Q3 2018 · Sep 30 | 2018-09-30 | $35.2M | $1.4M | +4.12% |
| Q3 2018 · Sep 29 | 2018-09-29 | $35.2M | $1.4M | +4.12% |
| Q2 2018 | 2018-06-30 | $35.6M | — | — |
| Q1 2018 | 2018-03-31 | $34.5M | — | — |
| Q4 2017 | 2017-12-31 | $35.1M | $2.4M | +7.23% |
| Q3 2017 | 2017-09-30 | $33.8M | $3.4M | +11.06% |
| Q2 2017 · Jul 1 | 2017-07-01 | $32.9M | $359,000 | +1.10% |
| Q2 2017 · Jun 30 | 2017-06-30 | $32.9M | $359,000 | +1.10% |
| Q1 2017 · Apr 1 | 2017-04-01 | $30.8M | $1.3M | +4.46% |
| Q1 2017 · Mar 31 | 2017-03-31 | $30.8M | $1.3M | +4.46% |
| Q4 2016 | 2016-12-31 | $32.8M | $4.4M | +15.59% |
| Q3 2016 | 2016-10-01 | $30.4M | −$285,000 | −0.93% |
| Q2 2016 | 2016-07-02 | $32.6M | $2.0M | +6.62% |
| Q1 2016 | 2016-04-02 | $29.4M | $487,000 | +1.68% |
| Q4 2015 | 2015-12-31 | $28.3M | −$388,000 | −1.35% |
| Q3 2015 | 2015-10-03 | $30.7M | $3.4M | +12.55% |
| Q2 2015 | 2015-07-04 | $30.6M | $3.6M | +13.26% |
| Q1 2015 | 2015-04-04 | $29.0M | $4.2M | +16.99% |
| Q4 2014 | 2014-12-31 | $28.7M | $1.7M | +6.48% |
| Q3 2014 | 2014-09-27 | $27.3M | $3.7M | +15.59% |
| Q2 2014 | 2014-06-28 | $27.0M | $2.3M | +9.44% |
| Q1 2014 | 2014-03-29 | $24.7M | −$566,000 | −2.24% |
| Q4 2013 | 2013-12-31 | $27.0M | $2.0M | +8.08% |
| Q3 2013 | 2013-09-28 | $23.6M | −$157,000 | −0.66% |
| Q2 2013 | 2013-06-29 | $24.6M | $707,000 | +2.95% |
| Q1 2013 | 2013-03-30 | $25.3M | $2.0M | +8.42% |
| Q4 2012 | 2012-12-31 | $25.0M | $1.3M | +5.28% |
| Q3 2012 | 2012-09-29 | $23.8M | $384,000 | +1.64% |
| Q2 2012 | 2012-06-30 | $23.9M | $929,000 | +4.04% |
| Q1 2012 | 2012-03-31 | $23.3M | $1.1M | +4.91% |
| Q4 2011 | 2011-12-31 | $23.7M | $840,000 | +3.67% |
| Q3 2011 | 2011-10-01 | $23.4M | $2.8M | +13.88% |
| Q2 2011 | 2011-07-02 | $23.0M | $2.2M | +10.61% |
| Q1 2011 | 2011-04-02 | $22.3M | $2.2M | +10.85% |
| Q4 2010 | 2010-12-31 | $22.9M | $3.1M | +15.55% |
| Q3 2010 | 2010-10-02 | $20.5M | $1.2M | +6.29% |
| Q2 2010 | 2010-07-03 | $20.8M | $1.1M | +5.50% |
| Q1 2010 | 2010-04-03 | $20.1M | $1.7M | +9.51% |
| Q4 2009 | 2009-12-31 | $19.8M | — | — |
| Q3 2009 | 2009-10-03 | $19.3M | −$636,000 | −3.19% |
| Q2 2009 | 2009-07-04 | $19.7M | −$2.5M | −11.27% |
| Q1 2009 | 2009-04-04 | $18.3M | — | — |
| Q3 2008 | 2008-09-27 | $19.9M | — | — |
| Q2 2008 | 2008-06-28 | $22.2M | — | — |
Waters r&d spending trends
Over the last five fiscal years, Waters's r&d spending increased from $140.8M to $195.7M, a change of $54.9M. The latest reported quarter, Q2 2026, shows $122.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Waters source filings ↗