Goldman Sachs GS
NYSE GS
$1,029.10 +9.37 (+0.92%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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