3548.TWO3548.TWOTWO
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R&D Expense Growth Under PressureDecelerating
Percentile Rank21
Year-over-Year Change

Year-over-year research & development expense growth

Percentile
P21
Within normal range
vs 5Y Ago
-1.1x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q3 2025-11.63%
Q2 202511.43%
Q1 2025-14.75%
Q4 2024-9.90%
Q3 202410.53%
Q2 202432.65%
Q1 2024-24.55%
Q4 202314.51%
Q3 202324.39%
Q2 20238.66%
Q1 2023-28.96%
Q4 20221.41%
Q3 202229.80%
Q2 20221.16%
Q1 2022-47.76%
Q4 202144.73%
Q3 20216.40%
Q2 2021-12.31%
Q1 2021-6.05%
Q4 202018.10%
Q3 202010.75%
Q2 202025.12%
Q1 2020-25.99%
Q4 201915.22%
Q3 201922.01%
Q2 2019-6.63%
Q1 2019-13.09%
Q4 20189.21%
Q3 20183.73%
Q2 20180.60%
Q1 2018-3.45%
Q4 20175.55%
Q3 201719.93%
Q2 20174.63%
Q1 2017-27.96%
Q4 20163.26%
Q3 20167.74%
Q2 20167.60%
Q1 2016-5.69%
Q4 201512.52%