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| Date | Value |
|---|---|
| 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 |