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Goldman Sachs (GS) Research & Development (2016 - 2025)

Goldman Sachs' Research & Development history spans 17 years, with the latest figure at $216.0 million for Q4 2025.

  • For Q4 2025, Research & Development rose 19.34% year-over-year to $216.0 million; the TTM value through Dec 2025 reached $710.0 million, down 28.5%, while the annual FY2025 figure was $710.0 million, 9.91% up from the prior year.
  • Research & Development for Q4 2025 was $216.0 million at Goldman Sachs, up from $171.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $1.2 billion in Q4 2021 and bottomed at -$787.0 million in Q4 2023.
  • The 5-year median for Research & Development is $198.5 million (2022), against an average of $260.4 million.
  • The largest annual shift saw Research & Development skyrocketed 467.14% in 2021 before it tumbled 464.35% in 2023.
  • A 5-year view of Research & Development shows it stood at $1.2 billion in 2021, then tumbled by 82.19% to $216.0 million in 2022, then crashed by 464.35% to -$787.0 million in 2023, then surged by 123.0% to $181.0 million in 2024, then increased by 19.34% to $216.0 million in 2025.
  • Per Business Quant, the three most recent readings for GS's Research & Development are $216.0 million (Q4 2025), $171.0 million (Q3 2025), and $167.0 million (Q2 2025).