Royal Bank Of Canada (RY) Research & Development (2009 - 2026)

Royal Bank Of Canada (RY) recorded quarterly Research & Development of $255.8 million in Q1 2026, down 18.43% quarter-over-quarter from $313.6 million in Q4 2025, and up 11.05% on a YoY basis from $230.3 million in Q1 2025.

Royal Bank Of Canada (RY) Research & Development (2009 - 2026) Analysis & Trends

Royal Bank Of Canada's Research & Development history runs 18 years deep, the most recent figure standing at $255.8 million for Q1 2026.

  • In Q1 2026, Research & Development rose 11.05% year-over-year to $255.8 million; the TTM figure through Jan 2026 stood at $1.1 billion (up 9.59% YoY), while the FY2025 annual figure was $1.1 billion, up 6.27% from the prior year.
  • Research & Development was $255.8 million for Q1 2026 at Royal Bank Of Canada, down from $313.6 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $313.6 million in Q4 2025 to a low of $180.1 million in Q1 2022.
  • Historically, Research & Development has averaged $241.5 million across 5 years, with a median of $240.5 million in 2023.
  • Biggest YoY gain for Research & Development was 23.05% in 2025; the steepest drop was 2.99% in 2025.
  • A 5-year view of Research & Development shows it stood at $240.2 million in 2022, then increased by 5.63% to $253.7 million in 2023, then grew by 0.45% to $254.8 million in 2024, then increased by 23.05% to $313.6 million in 2025, then declined by 18.43% to $255.8 million in 2026.
  • The last three Research & Development figures came in at $255.8 million (Q1 2026), $313.6 million (Q4 2025), and $259.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Canadian Imperial Bank Of Commerce 1,329,940,501.22 Bn 1,329,940,501.43 Bn - 75.14 Mn
2 Hsbc Holdings 37,228.00 Bn 37,228.45 Bn - -
3 Royal Bank Of Canada 2,913.28 Bn 2,841.72 Bn - 255.80 Mn
4 Toronto Dominion Bank 959.65 Bn 952.85 Bn - -
5 Bank Of Montreal 416.15 Bn 416.15 Bn - 58.37 Mn
6 Bank Of America 390.60 Bn -216.10 Bn 29.24 Bn 2.02 Bn
7 Barclays 379.37 Bn -269.24 Bn - -
8 Mitsubishi Ufj Financial 271.88 Bn -414.40 Bn 3.81 Bn -
9 Wells Fargo & Company 252.38 Bn 177.30 Bn - -
10 Citigroup 242.69 Bn -1,942.31 Bn 19.85 Bn 2.43 Bn

Historic Data

Download Data
DateValue
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
Jul 31, 2021 184.77 Mn
Apr 30, 2021 168.39 Mn