Goldman Sachs Research and Development Expenses 2012-2026 | GS

Goldman Sachs annual/quarterly research and development expenses history and growth rate from 2012 to 2026. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • Goldman Sachs research and development expenses for the quarter ending March 31, 2026 were $186M, a 19.23% increase year-over-year.
  • Goldman Sachs research and development expenses for the twelve months ending March 31, 2026 were $740M, a 14.02% increase year-over-year.
  • Goldman Sachs annual research and development expenses for 2025 were $0.71B, a 9.91% increase from 2024.
  • Goldman Sachs annual research and development expenses for 2024 were $0.646B, a 2.7% increase from 2023.
  • Goldman Sachs annual research and development expenses for 2023 were $0.629B, a 22.54% decline from 2022.
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Goldman Sachs Annual Research and Development Expenses
(Millions of US $)
2025 $710
2024 $646
2023 $629
2022 $812
2021 $553
2020 $401
2019 $739
2018 $740
2017 $588
2016 $457
2015 $557
2014 $549
2013 $541
2012 $509
2011 $640
Goldman Sachs Quarterly Research and Development Expenses
(Millions of US $)
2026-03-31 $186
2025-12-31 $216
2025-09-30 $171
2025-06-30 $167
2025-03-31 $156
2024-12-31 $181
2024-09-30 $159
2024-06-30 $153
2024-03-31 $153
2023-12-31 $175
2023-09-30 $136
2023-06-30 $146
2023-03-31 $172
2022-12-31 $216
2022-09-30 $199
2022-06-30 $235
2022-03-31 $162
2021-12-31 $193
2021-09-30 $165
2021-06-30 $115
2021-03-31 $80
2020-12-31 $89
2020-09-30 $70
2020-06-30 $89
2020-03-31 $153
2019-12-31 $200
2019-09-30 $169
2019-06-30 $186
2019-03-31 $184
2018-12-31 $208
2018-09-30 $167
2018-06-30 $183
2018-03-31 $182
2017-12-31 $175
2017-09-30 $138
2017-06-30 $141
2017-03-31 $134
2016-12-31 $131
2016-09-30 $92
2016-06-30 $112
2016-03-31 $122
2015-12-31 $148
2015-09-30 $123
2015-06-30 $147
2015-03-31 $139
2014-12-31 $141
2014-09-30 $129
2014-06-30 $141
2014-03-31 $138
2013-12-31 $143
2013-09-30 $117
2013-06-30 $140
2013-03-31 $141
2012-12-31 $140
2012-09-30 $123
2012-06-30 $129
2012-03-31 $117
2011-12-31 $138
2011-09-30 $140
2011-06-30 $183
Sector Industry Market Cap Revenue
Finance Finance - Investment Banks $267.796B $125.097B
The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management and consumer banking services to a diversified client base. It has 4 broad segments. The IB segment comprises the Financial Advisory, Underwriting and lending to corporate clients. The Global Markets segment comprises Fixed Income, Currency and Commodities, which include client-execution activities related to making markets in credit products, interest rate products, mortgages, currencies and commodities. Equities include client execution activities related to making markets in equities, commissions and fees, and its securities services business, warehouse lending & structured financing to institutional clients, advisory and underwriting assignments. The Consumer & Wealth Management segment includes management and other fees, incentive fees and results from deposit-taking activities related to wealth management business. The Asset Management division comprises management and other fees.
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