Constellation Software R&D spend
Constellation Software Inc. · CSU (TSX) · Toronto, ON · Software
Latest R&D (CAD)
$2.33B
Period ended 2025-12-31
Revenue (CAD)
$16.25B
14.4% of revenue · scale $6.15B
R&D by fiscal period
2025
$2.33B
2024
$2.04B
| Period end | R&D (CAD) | Revenue (CAD) | Native R&D | Form | Source |
|---|---|---|---|---|---|
| 2025-12-31 | $2,331,530,400 | $16,246,629,400 | $1,668,000,000 USD | Annual financial statements | Annual report |
| 2024-12-31 | $2,039,632,200 | $13,788,406,800 | $1,489,000,000 USD | Annual financial statements | Annual report |
IFRS note disclosure of research and development expensed in profit or loss (not a standalone P&L caption; the face of the statements rolls R&D into staff and other operating lines). Amounts in millions of USD. Net of investment tax credits of $56 million recorded in other, net. The issuer states that no material development expenditures have been capitalized. MD&A R&D staff expense alone was $1,615 million.