Waters Corp (WAT) stock
WATNYSELaboratory Analytical InstrumentsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Oct 3, 2026Last filing: 10-Q on Nov 10, 2026Score 8/30770% above fair value
$460.25−1.95 (-0.42%)
Close on Nov 13, 2026Market cap $45.22BP/E 197.5Yield –
Waters r&d expenses
Research and development expenses are spending on new products and technology.
Waters's R&D Expenses for the twelve months ending Oct 3, 2026 was $370.90M, up 88.4% year over year. For fiscal 2025 it was $195.71M, up 6.9% from the year before. Over ten years it grew 5.1% a year on average. The highest annual figure on record is $195.71M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $195.71M | +6.9% |
| FY2024 | Dec 31, 2024 | $183.03M | +4.6% |
| FY2023 | Dec 31, 2023 | $174.95M | -0.7% |
| FY2022 | Dec 31, 2022 | $176.19M | +4.7% |
| FY2021 | Dec 31, 2021 | $168.36M | +19.6% |
| FY2020 | Dec 31, 2020 | $140.78M | -1.5% |
| FY2019 | Dec 31, 2019 | $142.96M | -0.3% |
| FY2018 | Dec 31, 2018 | $143.40M | +8.2% |
| FY2017 | Dec 31, 2017 | $132.59M | +5.9% |
| FY2016 | Dec 31, 2016 | $125.19M | +5.6% |
| FY2015 | Dec 31, 2015 | $118.55M | +10.0% |
| FY2014 | Dec 31, 2014 | $107.73M | +7.2% |
| FY2013 | Dec 31, 2013 | $100.54M | +4.7% |
| FY2012 | Dec 31, 2012 | $96.00M | +4.0% |
| FY2011 | Dec 31, 2011 | $92.35M | +9.6% |
| FY2010 | Dec 31, 2010 | $84.27M | +9.2% |
| FY2009 | Dec 31, 2009 | $77.15M | -5.4% |
| FY2008 | Dec 31, 2008 | $81.59M | +1.2% |
| FY2007 | Dec 31, 2007 | $80.65M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Oct 3, 2026 | $106.00M | +96.3% |
| Q2 FY2026 | Jul 4, 2026 | $122.00M | +149.0% |
| Q1 FY2026 | Apr 4, 2026 | $96.00M | +104.3% |
| Q4 FY2025 | Dec 31, 2025 | $46.90M | -0.0% |
| Q3 FY2025 | Sep 27, 2025 | $54.00M | +19.1% |
| Q2 FY2025 | Jun 28, 2025 | $49.00M | +6.1% |
| Q1 FY2025 | Mar 29, 2025 | $47.00M | +5.4% |
| Q4 FY2024 | Dec 31, 2024 | $46.91M | +5.7% |
| Q3 FY2024 | Sep 28, 2024 | $45.34M | +8.0% |
| Q2 FY2024 | Jun 29, 2024 | $46.18M | +0.7% |
| Q1 FY2024 | Mar 30, 2024 | $44.60M | +4.5% |
| Q4 FY2023 | Dec 31, 2023 | $44.39M | -8.1% |
| Q3 FY2023 | Sep 30, 2023 | $42.00M | -3.3% |
| Q2 FY2023 | Jul 1, 2023 | $45.87M | +4.2% |
| Q1 FY2023 | Apr 1, 2023 | $42.69M | +5.5% |
| Q4 FY2022 | Dec 31, 2022 | $48.28M | +11.4% |
| Q3 FY2022 | Oct 1, 2022 | $43.44M | +3.5% |
| Q2 FY2022 | Jul 2, 2022 | $44.01M | -2.1% |
| Q1 FY2022 | Apr 2, 2022 | $40.47M | +6.2% |
| Q4 FY2021 | Dec 31, 2021 | $43.33M | +9.3% |
| Q3 FY2021 | Oct 2, 2021 | $41.99M | +20.1% |
| Q2 FY2021 | Jul 3, 2021 | $44.95M | +44.3% |
| Q1 FY2021 | Apr 3, 2021 | $38.09M | +8.9% |
| Q4 FY2020 | Dec 31, 2020 | $39.66M | +7.0% |
| Q3 FY2020 | Sep 26, 2020 | $34.97M | +1.9% |
| Q2 FY2020 | Jun 27, 2020 | $31.16M | -14.6% |
| Q1 FY2020 | Mar 28, 2020 | $34.99M | -0.2% |
| Q4 FY2019 | Dec 31, 2019 | $37.07M | -2.7% |
| Q3 FY2019 | Sep 28, 2019 | $34.33M | -2.4% |
| Q2 FY2019 | Jun 29, 2019 | $36.49M | +2.4% |
| Q1 FY2019 | Mar 30, 2019 | $35.06M | +1.7% |
| Q4 FY2018 | Dec 31, 2018 | $38.11M | +8.5% |
| Q3 FY2018 | Sep 29, 2018 | $35.17M | +4.1% |
| Q2 FY2018 | Jun 30, 2018 | $35.64M | +8.2% |
| Q1 FY2018 | Mar 31, 2018 | $34.48M | +12.1% |
| Q4 FY2017 | Dec 31, 2017 | $35.12M | +7.2% |
| Q3 FY2017 | Sep 30, 2017 | $33.78M | – |
| Q2 FY2017 | Jul 1, 2017 | $32.94M | – |
| Q1 FY2017 | Apr 1, 2017 | $30.75M | – |
| Q4 FY2016 | Dec 31, 2016 | $32.75M | – |
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