Quick Answer
Joint Stock Co Kaspi.kz reported R&D Expense of $208.58 billion for fiscal year 2025.
Joint Stock Co Kaspi.kz R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $208.58B | +90.4% |
| 2024 | $109.55B | +23.6% |
| 2023 | $88.66B | +45.8% |
| 2022 | $60.81B | +37.0% |
| 2021 | $44.39B | — |
- Joint Stock Co Kaspi.kz showed an increase of +90.4% in R&D Expense compared to the prior fiscal year.
- Over the 2021–2025 period, Joint Stock Co Kaspi.kz’s r&d expense has grown by 369.9% (from $44.39 billion to $208.58 billion).
- The most recent figure is from Joint Stock Co Kaspi.kz’s fiscal year 2025 report (Form 20-F), filed with the SEC on March 16, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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