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R&D Expenses of Procter & Gamble (P&G)

The research and development expenses of Procter and Gamble remained flat in 2023 compared to the prior year. P&G spent $2 billion each year on research and development in 2022 and 2023.

Procter & Gamble Research and Development Costs (2010-2023)

YearR&D Expenses ($ billions)
2023$2
2022$2
2021$1.9
2020$1.8
2019$1.9
2018$1.9
2017$1.9
2016$1.9
2015$2
2014$1.9
2013$1.9
2012$2
2011$2
2010$1.9

The table above shows the R&D Expenses of P&G from 2010-2023. The sums are in Million Dollars.

The R&D Expenses of P&G climbed to 1.9 Billion dollars in 2018 from 1.87 Billion dollars in 2017.

About Procter & Gamble:

Procter & Gamble was incorporated in Ohio in 1905. However, the original business upon which P&G was built was founded in 1837 by William Procter and James Gamble. P&G offers a large range of consumer packaged goods. Today, its products sell across more than 180 countries and territories. The company operates across five reportable segments that include Beauty; Grooming; Health Care; Fabric & Home Care and Baby, Feminine & Family Care. The largest segment among these is fabric and homeware followed by Baby, Feminine and Family Care. Its largest market is united States which accounts for 41%  of its net sales. P&G also spends a large sum on Research and development as well as marketing every year.  The brand has focused its business on 65 brands across 10 product categories.