Morgan Stanley MS
NYSE MS
$214.38 +1.67 (+0.79%)
At close: Sep 11, 2026 · 4:00 PM EDT

Morgan Stanley (MS) Research & Development (2009 - 2026)

Morgan Stanley's (MS) quarterly Research & Development came in at $1.2 billion in Q2 2026, up 10.47% year-over-year from $1.1 billion in Q2 2025, and up 4.79% quarter-over-quarter from $1.1 billion in Q1 2026.

Analysis

Morgan Stanley (MS) Research & Development (2009 - 2026) Analysis & Trends

Morgan Stanley (MS) has reported Research & Development for 18 consecutive years, with $1.2 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Research & Development rose 10.47% year-over-year to $1.2 billion in Q2 2026; TTM through Jun 2026 was $4.6 billion, a 9.2% increase from a year earlier, with the FY2025 full-year figure at $4.4 billion, up 8.07% from the prior year.
  • Research & Development was $1.2 billion for Q2 2026 at Morgan Stanley, up from $1.1 billion in the prior quarter.
  • Over five years, Research & Development peaked at $1.2 billion in Q2 2026 and troughed at $829.0 million in Q1 2022.
  • A 5-year average of $1.0 billion and a median of $999.0 million in 2023 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development increased 13.1% in 2022 and grew 5.79% in 2023, its largest moves.
  • Over 5 years, Research & Development stood at $933.0 million in 2022, then increased by 5.79% to $987.0 million in 2023, then rose by 7.29% to $1.1 billion in 2024, then gained by 9.54% to $1.2 billion in 2025, then gained by 3.71% to $1.2 billion in 2026.
  • The last three Research & Development figures came in at $1.2 billion (Q2 2026), $1.1 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
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 1.20 Bn
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