Research and Development Expenses Breakdown: ServiceNow, Inc. vs Atlassian Corporation

A Decade of Innovation: R&D Spending in Tech Giants

In the ever-evolving tech landscape, research and development (R&D) expenses are a crucial indicator of a company's commitment to innovation. Over the past decade, ServiceNow, Inc. and Atlassian Corporation have demonstrated significant growth in their R&D investments. From 2014 to 2024, ServiceNow's R&D expenses surged by over 1,600%, while Atlassian's increased by approximately 2,700%. This remarkable growth underscores the fierce competition and relentless pursuit of technological advancement.

By 2024, ServiceNow's R&D spending reached approximately $2.5 billion, reflecting its strategic focus on expanding its cloud-based services. Meanwhile, Atlassian's R&D expenses climbed to around $2.2 billion, highlighting its dedication to enhancing collaboration tools. These investments not only fuel product innovation but also drive long-term growth and market leadership. As these tech titans continue to push boundaries, their R&D efforts will undoubtedly shape the future of the industry.