Quick Answer
CUMMINS INC reported R&D Expense of $1.40 billion for fiscal year 2025.
CUMMINS INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.40B | -4.6% |
| 2024 | $1.46B | -2.5% |
| 2023 | $1.50B | +17.4% |
| 2022 | $1.28B | +17.2% |
| 2021 | $1.09B | +20.3% |
| 2020 | $906.00M | -9.5% |
| 2019 | $1.00B | +11.0% |
| 2018 | $902.00M | +19.6% |
| 2017 | $754.00M | +18.4% |
| 2016 | $637.00M | -13.3% |
| 2015 | $735.00M | -2.5% |
| 2014 | $754.00M | +5.8% |
| 2013 | $713.00M | -2.1% |
| 2012 | $728.00M | +15.7% |
| 2011 | $629.00M | +51.9% |
| 2010 | $414.00M | +14.4% |
| 2009 | $362.00M | -14.2% |
| 2008 | $422.00M | +28.3% |
| 2007 | $329.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $345.00M | -3.9% | -3.4% |
| June 30, 2025 | $357.00M | -5.8% | +3.8% |
| March 31, 2025 | $344.00M | -6.8% | -4.2% |
| September 30, 2024 | $359.00M | -4.5% | -5.3% |
| June 30, 2024 | $379.00M | -1.3% | +2.7% |
| March 31, 2024 | $369.00M | +5.4% | -1.9% |
| September 30, 2023 | $376.00M | +8.0% | -2.1% |
| June 30, 2023 | $384.00M | +28.4% | +9.7% |
- CUMMINS INC showed a decrease of -4.6% in R&D Expense compared to the prior fiscal year.
- Over the 2007–2025 period, CUMMINS INC’s r&d expense has grown by 324.3% (from $329.00 million to $1.40 billion).
- The most recent figure is from CUMMINS INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 10, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: