Goldman Sachs (GS) Research & Development (2009 - 2026)
Goldman Sachs' (GS) quarterly Research & Development came in at $635.0 million in Q2 2026, up 19.81% year-over-year from $530.0 million in Q2 2025, and up 8.92% quarter-over-quarter from $583.0 million in Q1 2026.
Analysis
Goldman Sachs (GS) Research & Development (2009 - 2026) Analysis & Trends
Goldman Sachs has disclosed Research & Development across 18 years of filings, most recently posting $635.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 19.81% year-over-year to $635.0 million; the TTM figure through Jun 2026 stood at $2.4 billion (up 14.34% YoY), while the FY2025 annual figure was $2.2 billion, up 8.99% from the prior year.
- Research & Development came in at $635.0 million for Q2 2026 at Goldman Sachs, up from $583.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $635.0 million in Q2 2026 to a low of $424.0 million in Q1 2022.
- Average Research & Development over 5 years is $505.9 million, with a median of $499.0 million recorded in 2024.
- Year-over-year, Research & Development rose 0.86% in 2024 and increased 19.81% in 2026.
- Over 5 years, Research & Development stood at $481.0 million in 2022, then rose by 4.57% to $503.0 million in 2023, then advanced by 3.98% to $523.0 million in 2024, then gained by 12.62% to $589.0 million in 2025, then climbed by 7.81% to $635.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $635.0 million in Q2 2026, $583.0 million in Q1 2026, and $589.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 439.96 Bn | -148.54 Bn | 30.39 Bn | 1.92 Bn |
| 2 | Morgan Stanley | 336.99 Bn | 176.86 Bn | - | 1.20 Bn |
| 3 | Goldman Sachs | 299.92 Bn | -676.43 Bn | - | 635.00 Mn |
| 4 | Royal Bank Of Canada | 288.24 Bn | 61.39 Bn | - | 284.73 Mn |
| 5 | Mitsubishi Ufj Financial | 283.40 Bn | -100.92 Bn | 10.89 Bn | - |
| 6 | Wells Fargo & Company | 273.32 Bn | 71.49 Bn | - | - |
| 7 | Banco Santander | 219.61 Bn | 227.22 Bn | 28.01 Bn | - |
| 8 | American Express | 219.16 Bn | 169.84 Bn | 17.99 Bn | 1.76 Bn |
| 9 | Toronto Dominion Bank | 204.38 Bn | 43.05 Bn | - | - |
| 10 | Schwab Charles | 185.52 Bn | 111.93 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 635.00 Mn |
| Mar 31, 2026 | 583.00 Mn |
| Dec 31, 2025 | 589.00 Mn |
| Sep 30, 2025 | 545.00 Mn |
| Jun 30, 2025 | 530.00 Mn |
| Mar 31, 2025 | 506.00 Mn |
| Dec 31, 2024 | 523.00 Mn |
| Sep 30, 2024 | 498.00 Mn |
| Jun 30, 2024 | 500.00 Mn |
| Mar 31, 2024 | 470.00 Mn |
| Dec 31, 2023 | 503.00 Mn |
| Sep 30, 2023 | 468.00 Mn |
| Jun 30, 2023 | 482.00 Mn |
| Mar 31, 2023 | 466.00 Mn |
| Dec 31, 2022 | 481.00 Mn |
| Sep 30, 2022 | 459.00 Mn |
| Jun 30, 2022 | 444.00 Mn |
| Mar 31, 2022 | 424.00 Mn |
| Dec 31, 2021 | 430.00 Mn |
| Sep 30, 2021 | 397.00 Mn |