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
DateValue
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