Goldman Sachs (GS-PA) Research & Development (2009 - 2026)

Goldman Sachs (GS-PA) posted Research & Development of $583.0 million for Q1 2026, up 166.93% sequentially from -$871.0 million in Q4 2025, and up 273.72% YoY from $156.0 million in Q1 2025.

Goldman Sachs (GS-PA) Research & Development (2009 - 2026) Analysis & Trends

Goldman Sachs (GS-PA) has 18 years of Research & Development data on file, last reported at $583.0 million in Q1 2026.

  • Quarterly Research & Development rose 273.72% year-over-year to $583.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $424.0 million (up 27.71% YoY) and the FY2025 annual result came in at $710.0 million, up 9.91% from the prior year.
  • Research & Development rose to $583.0 million in Q1 2026 per GS-PA's latest filing, from -$871.0 million in the prior quarter.
  • The five-year high for Research & Development was $1.5 billion in Q4 2023, with the low at -$871.0 million in Q4 2025.
  • Average Research & Development over 5 years is $233.9 million, with a median of $199.0 million recorded in 2022.
  • Year-over-year, Research & Development soared 578.24% in 2023 and sank 156.11% in 2024.
  • Goldman Sachs' Research & Development stood at $216.0 million in 2022, then soared by 578.24% to $1.5 billion in 2023, then plunged by 156.11% to -$822.0 million in 2024, then decreased by 5.96% to -$871.0 million in 2025, then surged by 166.93% to $583.0 million in 2026.
  • Business Quant data shows GS-PA's Research & Development at $583.0 million in Q1 2026, -$871.0 million in Q4 2025, and $545.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 1.15 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 583.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 241.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.47 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 39.55 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 Goldman Sachs - - - 583.00 Mn

Historic Data

Download Data
DateValue
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