Snap research and development spending 2015-2023

Published by
Stacy Jo Dixon,
Feb 13, 2024
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)

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Release date

February 2024

Region

Worldwide

Survey time period

2015 to 2023

Supplementary notes

*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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