Goldman Sachs (GS) Research & Development (2009 - 2026)
Goldman Sachs (GS) posted Research & Development of $186.0 million for Q1 2026, up 121.35% sequentially from -$871.0 million in Q4 2025, and down 63.24% YoY from $506.0 million in Q1 2025.
Goldman Sachs (GS) Research & Development (2009 - 2026) Analysis & Trends
Goldman Sachs has reported Research & Development for 18 years, with the latest figure at $186.0 million in Q1 2026.
- Quarterly Research & Development fell 63.24% year-over-year to $186.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $390.0 million (down 60.96% YoY) and the FY2025 annual result came in at $710.0 million, up 9.91% from the prior year.
- Research & Development grew to $186.0 million in Q1 2026 per GS's latest filing, from -$871.0 million in the prior quarter.
- Over five years, Research & Development peaked at $545.0 million in Q3 2025 and troughed at -$871.0 million in Q4 2025.
- A 5-year average of $202.2 million and a median of $186.0 million in 2026 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 246.41% in 2025, down 581.22% in 2025.
- Over 5 years, Research & Development stood at -$515.0 million in 2022, then soared by 197.67% to $503.0 million in 2023, then tumbled by 64.02% to $181.0 million in 2024, then tumbled by 581.22% to -$871.0 million in 2025, then jumped by 121.35% to $186.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $186.0 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 | 338.83 Bn | 205.30 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 256.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | - |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 26.20 Mn |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 41.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 635.00 Mn |
| Mar 31, 2026 | 186.00 Mn |
| Dec 31, 2025 | -871.00 Mn |
| Sep 30, 2025 | 545.00 Mn |
| Jun 30, 2025 | 530.00 Mn |
| Mar 31, 2025 | 506.00 Mn |
| Dec 31, 2024 | 181.00 Mn |
| Sep 30, 2024 | 159.00 Mn |
| Jun 30, 2024 | 153.00 Mn |
| Mar 31, 2024 | 470.00 Mn |
| Dec 31, 2023 | 503.00 Mn |
| Sep 30, 2023 | 468.00 Mn |
| Jun 30, 2023 | 146.00 Mn |
| Mar 31, 2023 | 172.00 Mn |
| Dec 31, 2022 | -515.00 Mn |
| Sep 30, 2022 | 199.00 Mn |
| Jun 30, 2022 | 444.00 Mn |
| Mar 31, 2022 | 162.00 Mn |
| Dec 31, 2021 | 1.21 Bn |
| Sep 30, 2021 | 397.00 Mn |