Goldman Sachs (GS-PA) Operating Expenses (2009 - 2026)

Goldman Sachs (GS-PA) posted Operating Expenses of $10.4 billion for Q1 2026, up 7.24% sequentially from $9.7 billion in Q4 2025, and up 14.22% YoY from $9.1 billion in Q1 2025.

Goldman Sachs (GS-PA) Operating Expenses (2009 - 2026) Analysis & Trends

Goldman Sachs (GS-PA) has 18 years of Operating Expenses data on file, last reported at $10.4 billion in Q1 2026.

  • Quarterly Operating Expenses rose 14.22% year-over-year to $10.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.8 billion (up 13.45% YoY) and the FY2025 annual result came in at $37.5 billion, up 11.19% from the prior year.
  • Operating Expenses grew to $10.4 billion in Q1 2026 per GS-PA's latest filing, from $9.7 billion in the prior quarter.
  • The five-year high for Operating Expenses was $10.4 billion in Q1 2026, with the low at $7.7 billion in Q2 2022.
  • Average Operating Expenses over 5 years is $8.7 billion, with a median of $8.5 billion recorded in 2024.
  • Year-over-year, Operating Expenses slipped 18.24% in 2022 and grew 17.69% in 2025.
  • Goldman Sachs' Operating Expenses stood at $8.1 billion in 2022, then grew by 4.89% to $8.5 billion in 2023, then declined by 2.66% to $8.3 billion in 2024, then gained by 17.69% to $9.7 billion in 2025, then rose by 7.24% to $10.4 billion in 2026.
  • Business Quant data shows GS-PA's Operating Expenses at $10.4 billion in Q1 2026, $9.7 billion in Q4 2025, and $9.5 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Goldman Sachs - - - 10.43 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.43 Bn
Dec 31, 2025 9.72 Bn
Sep 30, 2025 9.45 Bn
Jun 30, 2025 9.24 Bn
Mar 31, 2025 9.13 Bn
Dec 31, 2024 8.26 Bn
Sep 30, 2024 8.32 Bn
Jun 30, 2024 8.53 Bn
Mar 31, 2024 8.66 Bn
Dec 31, 2023 8.49 Bn
Sep 30, 2023 9.05 Bn
Jun 30, 2023 8.54 Bn
Mar 31, 2023 8.40 Bn
Dec 31, 2022 8.09 Bn
Sep 30, 2022 7.70 Bn
Jun 30, 2022 7.65 Bn
Mar 31, 2022 7.72 Bn
Dec 31, 2021 7.27 Bn
Sep 30, 2021 6.59 Bn
Jun 30, 2021 8.64 Bn