Futu Holdings (MEX:FUTUN) Research & Development: MXN4,689 Mil (TTM As of Mar. 2026)


MEX:FUTUN Futu Holdings Ltd MEX:FUTUN
85 GF Score
Price MXN1,750.00
GF Value MXN2,828.94
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Futu Holdings Research & Development?

Futu Holdings MEX:FUTUN 85 Research & Development is MXN4,689 Mil as of Mar. 2026. GuruFocus rates MEX:FUTUN with a GF Score™ of 85/100 and a GF Value™ of MXN2,828.94 (Possible Value Trap). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Futu Holdings's Research & Development for the three months ended in Mar. 2026 was MXN1,103 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN4,689 Mil.

Futu Holdings  (MEX:FUTUN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Futu Holdings Research & Development Related Terms

Futu Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for Futu Holdings's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Futu Holdings Research & Development Chart

Futu Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,118.28 3,060.29 3,131.72 4,007.32 4,417.09

Futu Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,015.91 1,060.20 1,353.15 1,172.38 1,103.32
MEX:FUTUN
85GF Score
Futu Holdings Ltd MEX:FUTUN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Futu Holdings Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN4,689 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN4,689 Mil mean?
Futu Holdings (MEX:FUTUN) has a Research & Development of MXN4,689 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Futu Holdings and its competitors.
Is Futu Holdings' Research & Development too high?
Futu Holdings' current Research & Development is MXN4,689 Mil. Overall, Futu Holdings has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futu Holdings' Research & Development compare to HUT and EVR?
Futu Holdings' Research & Development of MXN4,689 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Capital Markets company?
A good Research & Development depends on the Capital Markets industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Futu Holdings and its competitors. Futu Holdings's current Research & Development is MXN4,689 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futu Holdings (MEX:FUTUN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN2,828.94, compared to a current price of MXN1,750.00 — trading 38.1% below its estimated fair value. The current Research & Development is MXN4,689 Mil. Futu Holdings' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Futu Holdings (MEX:FUTUN), the current Research & Development is MXN4,689 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Futu Holdings (MEX:FUTUN) Overvalued in 2026?

Based on GuruFocus' analysis, Futu Holdings stock appears to be undervalued. The current stock price of MXN1,750.00 is trading 38.1% below its estimated GF Value™ of MXN2,828.94. GuruFocus considers Futu Holdings to be Possible Value Trap.

Key valuation signals for MEX:FUTUN:

  • Research & Development: MXN4,689 Mil
  • GF Value™: MXN2,828.94 vs. price of MXN1,750.00 (38.1% below fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the MEX:FUTUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Futu Holdings Business Description

Other Exchanges FUTU:USA0FUT:UK6FHA:Germany
Address 95 Queensway, 34th Floor, United Centre, Admiralty, Hong Kong, HKG
Futu Holdings Ltd is an online broker providing one-stop online investing services.. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Group engages in online brokerage services and margin financing services. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. Geographically, it operates in Hong Kong, which derives key revenue and it also has its presence in other countries.
85GF Score

Get the complete analysis for MEX:FUTUN

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,750.00
Price
MXN2,828.94
GF Value