Honda Motor (HMC) Research & Development (2009 - 2026)
Honda Motor's (HMC) quarterly Research & Development came in at -$1.5 billion in Q2 2026, up 24.62% on a YoY basis from -$1.2 billion in Q2 2025, and up 62.3% quarter-over-quarter from -$4.0 billion in Q1 2026.
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Analysis
Honda Motor (HMC) Research & Development (2009 - 2026) Analysis & Trends
Honda Motor (HMC) has reported Research & Development for 18 consecutive years, with -$1.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 24.62% year-over-year to -$1.5 billion; the trailing twelve-month figure through Jun 2026 stood at -$9.6 billion (down 22.63% YoY), and the FY2026 full-year result was -$10.2 billion, down 41.8% from the prior year.
- Research & Development climbed to -$1.5 billion in Q2 2026 per HMC's latest filing, from -$4.0 billion in the prior quarter.
- Across five years, Research & Development topped out at -$1.4 billion in Q2 2024 and bottomed at -$4.3 billion in Q4 2023.
- Historically, Research & Development has averaged -$2.3 billion across 5 years, with a median of -$2.0 billion in 2022.
- The sharpest annual moves came in 2022 and 2024: Research & Development slumped 136.57% in 2022, then jumped 58.78% in 2024.
- Over 5 years, Research & Development stood at -$4.3 billion in 2022, then retreated by 0.26% to -$4.3 billion in 2023, then surged by 58.78% to -$1.8 billion in 2024, then declined by 18.65% to -$2.1 billion in 2025, then grew by 26.95% to -$1.5 billion in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$1.5 billion, -$4.0 billion, and -$2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | - |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | -1.53 Bn |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | - |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | - |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | - |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Li Auto | 11.82 Bn | -670.23 Mn | 417.98 Mn | -409.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.53 Bn |
| Mar 31, 2026 | -4.05 Bn |
| Dec 31, 2025 | -2.09 Bn |
| Sep 30, 2025 | -1.98 Bn |
| Jun 30, 2025 | -2.02 Bn |
| Mar 31, 2025 | -2.32 Bn |
| Dec 31, 2024 | -1.76 Bn |
| Sep 30, 2024 | -1.76 Bn |
| Jun 30, 2024 | -1.39 Bn |
| Dec 31, 2023 | -4.27 Bn |
| Jun 30, 2023 | -1.44 Bn |
| Dec 31, 2022 | -4.26 Bn |
| Jun 30, 2022 | -1.40 Bn |
| Mar 31, 2022 | -1.92 Bn |
| Dec 31, 2021 | -1.80 Bn |
| Sep 30, 2021 | -1.65 Bn |
| Jun 30, 2021 | -1.62 Bn |
| Mar 31, 2021 | -2.25 Bn |
| Dec 31, 2020 | -1.64 Bn |
| Sep 30, 2020 | -1.57 Bn |
API Access
Honda Motor Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();