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

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

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

Royal Bank Of Canada (RY) has reported Research & Development for 18 consecutive years, with $255.8 million the latest figure, recorded in 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 came in at $255.8 million for Q1 2026 at Royal Bank Of Canada, down from $313.6 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 $241.5 million, with a median of $240.5 million recorded in 2023.
  • The largest YoY upside for Research & Development was 23.05% in 2025 against a maximum downside of 2.99% in 2025.
  • Year by year, Research & Development stood at $240.2 million in 2022, then advanced by 5.63% to $253.7 million in 2023, then gained by 0.45% to $254.8 million in 2024, then advanced by 23.05% to $313.6 million in 2025, then decreased by 18.43% to $255.8 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $255.8 million, $313.6 million, and $259.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - -
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 2.02 Bn
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - -
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 2.43 Bn
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - 556.00 Mn
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - 3.02 Bn
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - -
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn 15.42 Mn
10 Royal Bank Of Canada - - - 255.80 Mn

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