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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |