Goldman Sachs (GS-PA) Research & Development (2009 - 2026)
Goldman Sachs recorded quarterly Research & Development of $583.0 million in Q1 2026, up 166.93% quarter-over-quarter from -$871.0 million in Q4 2025, and up 273.72% year-over-year from $156.0 million in Q1 2025.
Goldman Sachs' Research & Development history runs 18 years deep, the most recent figure standing at $583.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 273.72% year-over-year to $583.0 million; the TTM figure through Mar 2026 stood at $424.0 million (up 27.71% YoY), while the FY2025 annual figure was $710.0 million, up 9.91% from the prior year.
- Research & Development came in at $583.0 million for Q1 2026 at Goldman Sachs, up from -$871.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $1.5 billion in Q4 2023 to a low of -$871.0 million in Q4 2025.
- A 5-year average of $233.9 million and a median of $199.0 million in 2022 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 578.24% in 2023 and slumped 156.11% in 2024, its largest moves.
- Goldman Sachs' Research & Development stood at $216.0 million in 2022, then jumped by 578.24% to $1.5 billion in 2023, then slumped by 156.11% to -$822.0 million in 2024, then fell by 5.96% to -$871.0 million in 2025, then soared by 166.93% to $583.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $583.0 million, -$871.0 million, and $545.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 241.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 23.47 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | - |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 39.55 Mn |
| 10 | Goldman Sachs | - | - | - | 583.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 583.00 Mn |
| Dec 31, 2025 | -871.00 Mn |
| Sep 30, 2025 | 545.00 Mn |
| Jun 30, 2025 | 167.00 Mn |
| Mar 31, 2025 | 156.00 Mn |
| Dec 31, 2024 | -822.00 Mn |
| Sep 30, 2024 | 498.00 Mn |
| Jun 30, 2024 | 500.00 Mn |
| Mar 31, 2024 | 153.00 Mn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 136.00 Mn |
| Jun 30, 2023 | 482.00 Mn |
| Mar 31, 2023 | 172.00 Mn |
| Dec 31, 2022 | 216.00 Mn |
| Sep 30, 2022 | 199.00 Mn |
| Jun 30, 2022 | 235.00 Mn |
| Mar 31, 2022 | 162.00 Mn |
| Dec 31, 2021 | 430.00 Mn |
| Sep 30, 2021 | 397.00 Mn |
| Jun 30, 2021 | 371.00 Mn |
| Mar 31, 2021 | 375.00 Mn |
| Dec 31, 2020 | 1.04 Bn |
| Sep 30, 2020 | 70.00 Mn |
| Jun 30, 2020 | 345.00 Mn |
| Mar 31, 2020 | 153.00 Mn |
| Dec 31, 2019 | 628.00 Mn |
| Sep 30, 2019 | 283.00 Mn |
| Jun 30, 2019 | 290.00 Mn |
| Mar 31, 2019 | 184.00 Mn |
| Dec 31, 2018 | 262.00 Mn |
| Sep 30, 2018 | 250.00 Mn |
| Jun 30, 2018 | 183.00 Mn |
| Mar 31, 2018 | 251.00 Mn |
| Dec 31, 2017 | -79.00 Mn |
| Sep 30, 2017 | 138.00 Mn |
| Jun 30, 2017 | 224.00 Mn |
| Mar 31, 2017 | 134.00 Mn |
| Dec 31, 2016 | 131.00 Mn |
| Sep 30, 2016 | 92.00 Mn |
| Jun 30, 2016 | 205.00 Mn |
| Mar 31, 2016 | 197.00 Mn |
| Dec 31, 2015 | 397.00 Mn |
| Sep 30, 2015 | 200.00 Mn |
| Jun 30, 2015 | 203.00 Mn |
| Mar 31, 2015 | 198.00 Mn |
| Dec 31, 2014 | 141.00 Mn |
| Sep 30, 2014 | 129.00 Mn |
| Jun 30, 2014 | 141.00 Mn |
| Mar 31, 2014 | 138.00 Mn |
| Dec 31, 2013 | 204.00 Mn |
| Sep 30, 2013 | 117.00 Mn |
| Jun 30, 2013 | 182.00 Mn |
| Mar 30, 2013 | 188.00 Mn |
| Dec 31, 2012 | -79.00 Mn |
| Sep 30, 2012 | 123.00 Mn |
| Jun 30, 2012 | 202.00 Mn |
| Mar 31, 2012 | 117.00 Mn |
| Dec 31, 2011 | 138.00 Mn |
| Sep 30, 2011 | 140.00 Mn |
| Jun 30, 2011 | 210.00 Mn |
| Mar 31, 2011 | 198.00 Mn |
| Dec 31, 2010 | 403.00 Mn |
| Sep 30, 2010 | 192.00 Mn |
| Jun 30, 2010 | 116.00 Mn |
| Mar 31, 2010 | 110.00 Mn |
| Dec 31, 2009 | 475.00 Mn |
| Sep 25, 2009 | 84.00 Mn |
| Jun 26, 2009 | 82.00 Mn |
| Mar 27, 2009 | 68.00 Mn |