TRPCFTRPCFOTC
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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+20.9%
5Y CAGR+14.0%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+20.9%/yr
vs -3.5%/yr prior
5Y CAGR
+14.0%/yr
Recent acceleration
Acceleration
+24.4pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.9x
Solid growth
Streak
3 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$14.75B+12.2%
2024$13.14B+8.4%
2023$12.12B+45.3%
2022$8.34B-7.2%
2021$8.99B+17.3%
2020$7.67B-28.1%
2019$10.67B+10.9%
2018$9.62B+16.5%
2017$8.26B+7.4%
2016$7.69B-