The annual research and development expenditure of Snap Inc in 2023 was 1.9 billion U.S. dollars, down from 2.1 billion U.S. dollars in 2021. This is a decrease around nine percent in R&D for the camera and social media company.
Annual research and development expenditure of Snap from 2015 to 2023
(in million U.S. dollars)
Characteristic
Annual spending in million U.S. dollars
2023
1,910.86
2022
2,109.8
2021
1,565.47
2020
1,101.56
2019
883.51
2018
772.19
2017*
1,534.86
2016
183.68
2015
82.24
05001,0001,5002,0002,500
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*2017 increase was mainly due to a $1.1 billion increase in stock-based compensation expense primarily due to the recognition of expense related to RSUs with a performance condition satisfied on the effectiveness of the registration statement for Snap's IPO in March 2017
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Snap Inc.. (February 7, 2024). Annual research and development expenditure of Snap from 2015 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2025, from https://www.statista.com/statistics/668089/annual-snap-research-spend/
Snap Inc.. "Annual research and development expenditure of Snap from 2015 to 2023 (in million U.S. dollars)." Chart. February 7, 2024. Statista. Accessed May 11, 2025. https://www.statista.com/statistics/668089/annual-snap-research-spend/
Snap Inc.. (2024). Annual research and development expenditure of Snap from 2015 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2025. https://www.statista.com/statistics/668089/annual-snap-research-spend/
Snap Inc.. "Annual Research and Development Expenditure of Snap from 2015 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 7 Feb 2024, https://www.statista.com/statistics/668089/annual-snap-research-spend/
Snap Inc., Annual research and development expenditure of Snap from 2015 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/668089/annual-snap-research-spend/ (last visited May 11, 2025)
Annual research and development expenditure of Snap from 2015 to 2023 (in million U.S. dollars) [Graph], Snap Inc., February 7, 2024. [Online]. Available: https://www.statista.com/statistics/668089/annual-snap-research-spend/
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