Joint Stock Co Kaspi.kz (KSPI) Research & Development (2023 - 2026)
Joint Stock Co Kaspi.kz (KSPI) recorded Research & Development of -$61.58 billion in the quarter ended Mar 31, 2026, compared with -$42.9 billion a year earlier.
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Analysis
Joint Stock Co Kaspi.kz (KSPI) Research & Development (2023 - 2026) Analysis & Trends
On a TTM basis, Joint Stock Co Kaspi.kz's Research & Development came in at -$363.95 billion as of Mar 31, 2026; for the year ended Dec 31, 2025, it came in at -$208.58 billion.
- Across earlier years, Research & Development came in at -$109.55 billion in the year ended Dec 31, 2024, -$88.66 billion in the year ended Dec 31, 2023, -$60.81 billion in the year ended Dec 31, 2022 and -$44.39 billion in the year ended Dec 31, 2021.
- Quarterly Research & Development has ranged from -$151.84 billion in the quarter ended Sep 30, 2025 to -$18 billion in the quarter ended Mar 31, 2023 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$56.74 billion (quarter ended Dec 31, 2025), -$151.84 billion (quarter ended Sep 30, 2025) and -$93.79 billion (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | - |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | - |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | - |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | - |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | - |
| 10 | Joint Stock Co Kaspi.kz | 18.23 Bn | -3,265.54 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -61.58 Bn |
| Dec 31, 2025 | -56.74 Bn |
| Sep 30, 2025 | -151.84 Bn |
| Jun 30, 2025 | -93.79 Bn |
| Mar 31, 2025 | -42.90 Bn |
| Dec 31, 2024 | -29.34 Bn |
| Sep 30, 2024 | -27.54 Bn |
| Jun 30, 2024 | -26.24 Bn |
| Mar 31, 2024 | -26.43 Bn |
| Dec 31, 2023 | -28.58 Bn |
| Sep 30, 2023 | -22.14 Bn |
| Jun 30, 2023 | -19.94 Bn |
| Mar 31, 2023 | -18.00 Bn |
API Access
Joint Stock Co Kaspi.kz Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=KSPI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "KSPI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=KSPI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();