Goldman Sachs (GS-PA) Net Margin (2009 - 2026)
Goldman Sachs recorded quarterly Net Margin of 31.36% in Q1 2026, down 3.75% quarter-over-quarter from 32.59% in Q4 2025, and up 94.0% year-over-year from 16.17% in Q1 2025.
Goldman Sachs' Net Margin history runs 18 years deep, the most recent figure standing at 31.36% for Q1 2026.
- In Q1 2026, Net Margin rose 94.0% year-over-year to 31.36%; the TTM figure through Mar 2026 stood at 28.32% (up 224.0% YoY), while the FY2025 annual figure was 27.97%, up 269.0% from the prior year.
- Net Margin came in at 31.36% for Q1 2026 at Goldman Sachs, down from 32.59% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 32.59% in Q4 2025 to a low of 9.83% in Q2 2023.
- A 5-year average of 23.57% and a median of 24.73% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 1895 bps in 2022 and surged 1288 bps in 2024, its largest moves.
- Goldman Sachs' Net Margin stood at 11.19% in 2022, then soared by 47 bps to 16.5% in 2023, then surged by 71 bps to 28.29% in 2024, then gained by 15 bps to 32.59% in 2025, then declined by 4 bps to 31.36% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 31.36%, 32.59%, and 25.42% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 26.29% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 31.36% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 36.98% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 32.80% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 16.00% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 132.82% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 7.22% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -171.16% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 37.74% |
| 10 | Goldman Sachs | - | - | - | 31.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.36% |
| Dec 31, 2025 | 32.59% |
| Sep 30, 2025 | 25.42% |
| Jun 30, 2025 | 23.82% |
| Mar 31, 2025 | 30.43% |
| Dec 31, 2024 | 28.29% |
| Sep 30, 2024 | 21.89% |
| Jun 30, 2024 | 22.71% |
| Mar 31, 2024 | 27.66% |
| Dec 31, 2023 | 16.50% |
| Sep 30, 2023 | 15.93% |
| Jun 30, 2023 | 9.83% |
| Mar 31, 2023 | 25.25% |
| Dec 31, 2022 | 11.19% |
| Sep 30, 2022 | 24.73% |
| Jun 30, 2022 | 23.48% |
| Mar 31, 2022 | 29.62% |
| Dec 31, 2021 | 30.14% |
| Sep 30, 2021 | 38.83% |
| Jun 30, 2021 | 34.75% |
| Mar 31, 2021 | 37.91% |
| Dec 31, 2020 | 37.15% |
| Sep 30, 2020 | 29.99% |
| Jun 30, 2020 | 1.48% |
| Mar 31, 2020 | 12.84% |
| Dec 31, 2019 | 17.32% |
| Sep 30, 2019 | 21.54% |
| Jun 30, 2019 | 23.23% |
| Mar 31, 2019 | 24.78% |
| Dec 31, 2018 | 28.74% |
| Sep 30, 2018 | 27.81% |
| Jun 30, 2018 | 24.37% |
| Mar 31, 2018 | 27.15% |
| Dec 31, 2017 | -25.24% |
| Sep 30, 2017 | 24.44% |
| Jun 30, 2017 | 20.68% |
| Mar 31, 2017 | 26.94% |
| Dec 31, 2016 | 25.78% |
| Sep 30, 2016 | 25.71% |
| Jun 30, 2016 | 20.60% |
| Mar 31, 2016 | 18.93% |
| Dec 31, 2015 | 7.89% |
| Sep 30, 2015 | 19.38% |
| Jun 30, 2015 | 10.10% |
| Mar 31, 2015 | 25.88% |
| Dec 31, 2014 | 26.43% |
| Sep 30, 2014 | 25.55% |
| Jun 30, 2014 | 21.40% |
| Mar 31, 2014 | 20.89% |
| Dec 31, 2013 | 25.60% |
| Sep 30, 2013 | 21.26% |
| Jun 30, 2013 | 21.61% |
| Mar 30, 2013 | 21.68% |
| Dec 31, 2012 | 30.67% |
| Sep 30, 2012 | 17.46% |
| Jun 30, 2012 | 13.99% |
| Mar 31, 2012 | 20.85% |
| Dec 31, 2011 | 16.17% |
| Sep 30, 2011 | -11.93% |
| Jun 30, 2011 | 14.45% |
| Mar 31, 2011 | 7.63% |
| Dec 31, 2010 | 25.77% |
| Sep 30, 2010 | 19.51% |
| Jun 30, 2010 | 5.12% |
| Mar 31, 2010 | 25.80% |
| Dec 31, 2009 | 31.38% |
| Sep 25, 2009 | 24.47% |
| Jun 26, 2009 | 19.75% |
| Mar 27, 2009 | 17.60% |