Goldman Sachs (GS-PA) Debt to Equity (2009 - 2026)

Goldman Sachs recorded quarterly Debt to Equity of $2.11 in Q1 2026, down 12.83% quarter-over-quarter from $2.42 in Q4 2025, and down 17.91% year-over-year from $2.57 in Q1 2025.

Goldman Sachs' Debt to Equity history runs 17 years deep, the most recent figure standing at $2.11 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 17.91% year-over-year to $2.11; the TTM figure through Mar 2026 stood at $2.11 (down 17.91% YoY), while the FY2025 annual figure was $2.42, up 100.0% from the prior year.
  • Debt to Equity came in at $2.11 for Q1 2026 at Goldman Sachs, down from $2.42 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $38774.6 in Q2 2025 to a low of -$296789.0 in Q4 2024.
  • A 5-year average of -$15164.9 and a median of $2.42 in 2025 frame the typical range for Debt to Equity.
  • Across the five-year window, Debt to Equity jumped 64986.1% in 2023 and slumped 10648568.55% in 2024, its largest moves.
  • Goldman Sachs' Debt to Equity stood at $345.4 in 2022, then plunged by 99.19% to $2.79 in 2023, then plunged by 10648568.55% to -$296789.0 in 2024, then soared by 100.0% to $2.42 in 2025, then decreased by 12.83% to $2.11 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $2.11, $2.42, and $2.81 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 1.04
2 Goldman Sachs 318.59 Bn -618.96 Bn - 2.11
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 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 - -
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -
10 Goldman Sachs - - - 2.11

Historic Data

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DateValue
Mar 31, 2026 2.11
Dec 31, 2025 2.42
Sep 30, 2025 2.81
Jun 30, 2025 38,774.56
Mar 31, 2025 2.57
Dec 31, 2024 -296,789.00
Sep 30, 2024 2.69
Jun 30, 2024 -569.45
Mar 31, 2024 -3.07
Dec 31, 2023 2.79
Sep 30, 2023 1.91
Jun 30, 2023 821.40
Mar 31, 2023 -406.98
Dec 31, 2022 345.40
Sep 30, 2022 2.01
Jun 30, 2022 1.26
Mar 31, 2022 2.79
Dec 31, 2021 -344.30
Sep 30, 2021 2.28
Jun 30, 2021 -2.67
Mar 31, 2021 -62.97
Dec 31, 2020 2.27
Sep 30, 2020 1.09
Jun 30, 2020 -2.59
Mar 31, 2020 2.12
Dec 31, 2019 -205.87
Sep 30, 2019 2.36
Jun 30, 2019 7,875.44
Dec 31, 2018 0.84
Dec 31, 2016 2.55
Dec 31, 2015 -208.40
Dec 31, 2014 1.12
Dec 31, 2013 22.89
Sep 30, 2013 2.14
Sep 30, 2012 3.18
Jun 30, 2012 3.10
Mar 31, 2012 3.45
Dec 31, 2011 4.13
Sep 30, 2011 3.29
Jun 30, 2011 3.30
Mar 31, 2011 2.28
Dec 31, 2010 30.46
Sep 30, 2010 2.45
Jun 30, 2010 2.42
Mar 31, 2010 2.47
Dec 31, 2009 3.23
Sep 25, 2009 2.90
Jun 26, 2009 2.12