Lufax Holding (LU) Research & Development (2019 - 2024)
Lufax Holding (LU) posted quarterly Research & Development of -$163.5 million for Q3 2024, up 47.91% year-over-year from -$110.6 million in Q4 2023, and up 13.36% quarter-over-quarter from -$188.7 million in Q2 2024.
Lufax Holding (LU) Research & Development (2019 - 2024) Analysis & Trends
Lufax Holding (LU) has reported Research & Development for 6 consecutive years, with -$163.5 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Research & Development rose 47.91% year-over-year to -$163.5 million; the TTM figure through Sep 2024 stood at -$845.2 million (up 48.55% YoY), while the FY2023 annual figure was -$1.4 billion, up 39.16% from the prior year.
- Research & Development grew to -$163.5 million in Q3 2024 per LU's latest filing, from -$188.7 million in the prior quarter.
- Across five years, Research & Development topped out at -$163.5 million in Q3 2024 and bottomed at -$758.7 million in Q4 2021.
- Historically, Research & Development has averaged -$509.8 million across 5 years, with a median of -$572.3 million in 2022.
- Annual changes were most pronounced in 2020 — Research & Development slumped 30.18% — and 2024, when it surged 52.35%.
- Lufax Holding's Research & Development stood at -$748.6 million in 2020, then slipped by 1.35% to -$758.7 million in 2021, then grew by 29.17% to -$537.4 million in 2022, then surged by 47.4% to -$282.7 million in 2023, then soared by 42.15% to -$163.5 million in 2024.
- Business Quant data shows LU's Research & Development at -$163.5 million in Q3 2024, -$188.7 million in Q2 2024, and -$210.3 million in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 280.00 Mn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 1.76 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 489.00 Mn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 849.00 Mn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 248.00 Mn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 72.85 Mn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 335.54 Mn |
| 10 | Lufax Holding | 2.51 Bn | -5.06 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -163.52 Mn |
| Jun 30, 2024 | -188.73 Mn |
| Mar 31, 2024 | -210.25 Mn |
| Dec 31, 2023 | -282.68 Mn |
| Sep 30, 2023 | -313.93 Mn |
| Jun 30, 2023 | -350.29 Mn |
| Mar 31, 2023 | -441.21 Mn |
| Dec 31, 2022 | -537.37 Mn |
| Sep 30, 2022 | -572.26 Mn |
| Jun 30, 2022 | -521.92 Mn |
| Mar 31, 2022 | -707.32 Mn |
| Dec 31, 2021 | -758.69 Mn |
| Sep 30, 2021 | -715.32 Mn |
| Jun 30, 2021 | -668.45 Mn |
| Mar 31, 2021 | -646.12 Mn |
| Dec 31, 2020 | -748.62 Mn |
| Sep 30, 2020 | -634.58 Mn |
| Jun 30, 2020 | -650.11 Mn |
| Mar 31, 2020 | -575.15 Mn |
| Dec 31, 2019 | -575.08 Mn |