Royal Bank Of Canada RY
NYSE RY
$205.45 -1.36 (-0.66%)
As of: Sep 10, 2026 · 2:08 PM EDT

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

Historic Data

Download Data
DateValue
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