Morgan Stanley (MS-PO) Research & Development (2009 - 2026)
Morgan Stanley (MS-PO) reported Research & Development of $1.1 billion for Q1 2026, up 9.33% year-over-year from $1.1 billion in Q1 2025, and down 1.03% on a QoQ basis from $1.2 billion in Q4 2025.
Morgan Stanley (MS-PO) has 18 years of Research & Development data on file, last reported at $1.1 billion in Q1 2026.
- Quarterly Research & Development rose 9.33% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.5 billion (up 8.51% YoY) and the FY2025 annual result came in at $4.4 billion, up 8.07% from the prior year.
- Research & Development fell to $1.1 billion in Q1 2026 per MS-PO's latest filing, from $1.2 billion in the prior quarter.
- Across five years, Research & Development topped out at $1.2 billion in Q4 2025 and bottomed at $829.0 million in Q1 2022.
- The 5-year median for Research & Development is $987.0 million (2023), against an average of $995.4 million.
- The widest annual swing landed in 2022, when Research & Development grew 13.1%; it then climbed 5.79% in 2023.
- Tracing MS-PO's Research & Development over 5 years: stood at $933.0 million in 2022, then grew by 5.79% to $987.0 million in 2023, then increased by 7.29% to $1.1 billion in 2024, then rose by 9.54% to $1.2 billion in 2025, then declined by 1.03% to $1.1 billion in 2026.
- Per Business Quant, the three latest MS-PO Research & Development figures stand at $1.1 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 1.15 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 583.00 Mn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 241.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | - |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 23.47 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | - |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 39.55 Mn |
| 10 | Morgan Stanley | - | - | - | 1.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.15 Bn |
| Dec 31, 2025 | 1.16 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.09 Bn |
| Mar 31, 2025 | 1.05 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 1.01 Bn |
| Mar 31, 2024 | 976.00 Mn |
| Dec 31, 2023 | 987.00 Mn |
| Sep 30, 2023 | 947.00 Mn |
| Jun 30, 2023 | 926.00 Mn |
| Mar 31, 2023 | 915.00 Mn |
| Dec 31, 2022 | 933.00 Mn |
| Sep 30, 2022 | 874.00 Mn |
| Jun 30, 2022 | 857.00 Mn |
| Mar 31, 2022 | 829.00 Mn |
| Dec 31, 2021 | 833.00 Mn |
| Sep 30, 2021 | 788.00 Mn |
| Jun 30, 2021 | 765.00 Mn |
| Mar 31, 2021 | 733.00 Mn |
| Dec 31, 2020 | 697.00 Mn |
| Sep 30, 2020 | 616.00 Mn |
| Jun 30, 2020 | 589.00 Mn |
| Mar 31, 2020 | 563.00 Mn |
| Dec 31, 2019 | 567.00 Mn |
| Sep 30, 2019 | 557.00 Mn |
| Jun 30, 2019 | 538.00 Mn |
| Mar 31, 2019 | 532.00 Mn |
| Dec 31, 2018 | 529.00 Mn |
| Sep 30, 2018 | 513.00 Mn |
| Jun 30, 2018 | 496.00 Mn |
| Mar 31, 2018 | 478.00 Mn |
| Dec 31, 2017 | 471.00 Mn |
| Sep 30, 2017 | 459.00 Mn |
| Jun 30, 2017 | 433.00 Mn |
| Mar 31, 2017 | 428.00 Mn |
| Dec 31, 2016 | 460.00 Mn |
| Sep 30, 2016 | 456.00 Mn |
| Jun 30, 2016 | 429.00 Mn |
| Mar 31, 2016 | 442.00 Mn |
| Dec 31, 2015 | 467.00 Mn |
| Sep 30, 2015 | 447.00 Mn |
| Jun 30, 2015 | 438.00 Mn |
| Mar 31, 2015 | 415.00 Mn |
| Dec 31, 2014 | 404.00 Mn |
| Sep 30, 2014 | 396.00 Mn |
| Jun 30, 2014 | 411.00 Mn |
| Mar 31, 2014 | 424.00 Mn |
| Dec 31, 2013 | 446.00 Mn |
| Sep 30, 2013 | 404.00 Mn |
| Jun 30, 2013 | 470.00 Mn |
| Mar 31, 2013 | 448.00 Mn |
| Dec 31, 2012 | 473.00 Mn |
| Sep 30, 2012 | 493.00 Mn |
| Jun 30, 2012 | 487.00 Mn |
| Mar 31, 2012 | 459.00 Mn |
| Dec 31, 2011 | 468.00 Mn |
| Sep 30, 2011 | 456.00 Mn |
| Jun 30, 2011 | 444.00 Mn |
| Mar 31, 2011 | 440.00 Mn |
| Dec 31, 2010 | 422.00 Mn |
| Sep 30, 2010 | 412.00 Mn |
| Jun 30, 2010 | 416.00 Mn |
| Mar 31, 2010 | 395.00 Mn |
| Dec 31, 2009 | 412.00 Mn |
| Sep 30, 2009 | 356.00 Mn |
| Jun 30, 2009 | 313.00 Mn |
| Mar 31, 2009 | 282.00 Mn |