Amcor (AMCR) reported R&D of $44M in Q1 2026.

How has Amcor's R&D changed year-over-year?

Amcor's R&D increased by 63.0% year-over-year, from $27M to $44M.

What is the long-term trend for Amcor's R&D?

Over 3 years (2022 to 2025), Amcor's R&D has grown at a 7.7% compound annual growth rate (CAGR), from $96M to $120M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Amcor AMCR R&D

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$9M-18.2%

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$207M+10.1%

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$14M+16.7%

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$19.7M+3.1%

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$7.84M+25.4%

Other financials

Income statement

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Revenue$5.9B+77.4%

Gross profit$1.2B+82.0%

Operating income$461.0M+47.3%

Net income$278.0M+41.8%

EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.6B-22.4%

Total debt$16.1B+74.8%

Total equity$11.7B+203%

Total assets$37.6B+108%

Cash flow

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Operating cash flow$186.0M+59.0%

CapEx$228.0M+94.9%

Free cash flow-$42.0M—

Valuation

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Market cap$21.59B-2.9%

Enterprise value$36.14B-1.2%

P/E31.8×-11.7×

P/S1×-0.5×

Profitability

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Gross margin19.1%-0.9pp

Operating margin6%-3.7pp

Net margin3.1%-2.9pp

FCF margin5%—

Returns & leverage

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Return on equity8.7%-12.0pp

Debt / equity1.4×-1.0×

Current ratio1.4×-0.3×

Where this comes from

Reported directly by Amcor in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Amcor’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amcor's R&D?: Amcor (AMCR) reported R&D of $44M in Q1 2026.
How has Amcor's R&D changed year-over-year?: Amcor's R&D increased by 63.0% year-over-year, from $27M to $44M.
What is the long-term trend for Amcor's R&D?: Over 3 years (2022 to 2025), Amcor's R&D has grown at a 7.7% compound annual growth rate (CAGR), from $96M to $120M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.