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% quarter-over-quarter from $313.6 million in Q4 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 for Q1 2026 stood at $255.8 million, 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.
- The 5-year median for Research & Development is $240.5 million (2023), against an average of $241.5 million.
- Peak annual rise in Research & Development reached 23.05% in 2025, while the deepest fall reached 2.99% in 2025.
- Royal Bank Of Canada's Research & Development stood at $240.2 million in 2022, then grew by 5.63% to $253.7 million in 2023, then climbed by 0.45% to $254.8 million in 2024, then grew by 23.05% to $313.6 million in 2025, then dropped by 18.43% to $255.8 million in 2026.
- Business Quant data shows RY's Research & Development at $255.8 million in Q1 2026, $313.6 million in Q4 2025, and $259.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 1.92 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 255.80 Mn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | - |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 2.27 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | - |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 569.00 Mn |
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 |