CARR R&D Expense History: $625.0M (FY2025)

Fiscal year	Q1	Q2	Q3	Q4
FY26	$143M−6.5%	Not reported	Not reported	Not reported
FY25	$153M−20.3%	$161M+0.6%	$151M−12.2%	$160M−1.2%
FY24	$192M+38.1%	$160M+6.0%	$172M+36.5%	$162M+110.4%
FY23	$139M+11.2%	$151M+23.8%	$126M−11.9%	$77M+196.2%
FY22	$125M+3.3%	$122M−2.4%	$143M+16.3%	$26M−80.6%
Share	26%	26%	26%	22%

01—History

R&D Expense History

Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.

$625.0M

YoY changeLargest recent move+39.1%in FY24Latest −8.9%

02—Ledger

R&D Expense, period by period

Period	Value	Change	Source
FY2025	$625.0M	−8.9%	10-K
FY2024	$686.0M	+39.1%	10-K
FY2023	$493.0M	+18.5%	10-K
FY2022	$416.0M	−17.3%	10-K
FY2021	$503.0M	+20.0%	10-K
FY2020	$419.0M	+4.5%	10-K
FY2019	$401.0M	+0.3%	10-K
FY2018	$400.0M	—	10-K

03—Questions

What is r&d expense?

Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.

What is CARRIER GLOBAL Corp's current r&d expense?

CARRIER GLOBAL Corp (CARR) annual r&d expense for 2025 was $625.0M, a 8.89% decline from 2024. CARRIER GLOBAL Corp r&d expense for the quarter ending March 31, 2026 was $143.0M.

What was CARRIER GLOBAL Corp's r&d expense in 2024?

CARRIER GLOBAL Corp annual r&d expense for 2024 was $686.0M, a 39.15% increase from 2023.

What was CARRIER GLOBAL Corp's r&d expense in 2023?

CARRIER GLOBAL Corp annual r&d expense for 2023 was $493.0M, a 18.51% increase from 2022.

What is CARRIER GLOBAL Corp's 5-year r&d expense CAGR?

CARRIER GLOBAL Corp r&d expense grew at a compound annual growth rate (CAGR) of 8.33% from FY2020 to FY2025, going from $419.0M to $625.0M over 5 years.

Company: CARRIER GLOBAL Corp
Ticker: CARR
Sector: Other
Industry: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

CARRIER GLOBAL Corp R&D Expense 2018-2026 | CARR

Key Statistics