Royal Bank Of Canada (RY) Research & Development (2009 - 2026)
Royal Bank Of Canada (RY) posted Research & Development of $284.7 million for Q3 2026, little changed on a QoQ basis from $285.2 million in Q2 2026, and up 9.59% year-over-year from $259.8 million in Q3 2025.
Analysis
Royal Bank Of Canada (RY) Research & Development (2009 - 2026) Analysis & Trends
Royal Bank Of Canada has reported Research & Development for 17 years, with the latest figure at $284.7 million in Q3 2026.
- On a quarterly basis, Research & Development rose 9.59% year-over-year to $284.7 million in Q3 2026; TTM through Jul 2026 was $1.1 billion, a 12.74% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 6.27% from the prior year.
- Research & Development was $284.7 million for Q3 2026 at Royal Bank Of Canada, roughly flat from $285.2 million in the prior quarter.
- The five-year high for Research & Development was $313.6 million in Q4 2025, with the low at $180.1 million in Q1 2022.
- Average Research & Development over 5 years is $246.1 million, with a median of $249.8 million recorded in 2024.
- The largest YoY upside for Research & Development was 23.05% in 2025 against a maximum downside of 2.99% in 2025.
- Over 5 years, Research & Development stood at $240.2 million in 2022, then rose by 5.63% to $253.7 million in 2023, then increased by 0.45% to $254.8 million in 2024, then rose by 23.05% to $313.6 million in 2025, then fell by 9.2% to $284.7 million in 2026.
- The last three Research & Development figures came in at $284.7 million (Q3 2026), $285.2 million (Q2 2026), and $255.8 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 1.92 Bn |
| 2 | Morgan Stanley | 331.47 Bn | 171.33 Bn | - | 1.20 Bn |
| 3 | Goldman Sachs | 305.69 Bn | -670.66 Bn | - | 635.00 Mn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | - |
| 5 | Royal Bank Of Canada | 289.42 Bn | 62.54 Bn | - | 284.73 Mn |
| 6 | Wells Fargo & Company | 270.55 Bn | 66.58 Bn | - | - |
| 7 | American Express | 217.21 Bn | 167.89 Bn | 17.99 Bn | 1.76 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.93 Bn | 44.60 Bn | - | - |
| 10 | Schwab Charles | 185.73 Bn | 112.14 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 284.73 Mn |
| Apr 30, 2026 | 285.24 Mn |
| Jan 31, 2026 | 255.80 Mn |
| Oct 31, 2025 | 313.58 Mn |
| Jul 31, 2025 | 259.82 Mn |
| Apr 30, 2025 | 265.63 Mn |
| Jan 31, 2025 | 230.35 Mn |
| Oct 31, 2024 | 254.84 Mn |
| Jul 31, 2024 | 249.77 Mn |
| Apr 30, 2024 | 264.03 Mn |
| Jan 31, 2024 | 237.45 Mn |
| Oct 31, 2023 | 253.70 Mn |
| Jul 31, 2023 | 240.49 Mn |
| Apr 30, 2023 | 235.02 Mn |
| Jan 31, 2023 | 206.11 Mn |
| Oct 31, 2022 | 240.17 Mn |
| Jul 31, 2022 | 215.38 Mn |
| Apr 30, 2022 | 203.71 Mn |
| Jan 31, 2022 | 180.14 Mn |
| Oct 31, 2021 | 221.93 Mn |