Goldman Sachs (GS-PA) Tax Rate (2009 - 2026)

Goldman Sachs recorded quarterly Tax Rate of 13.2% in Q1 2026, down 37.58% quarter-over-quarter from 21.14% in Q4 2025, and down 290.0% year-over-year from 6.95% in Q1 2025.

Goldman Sachs' Tax Rate history runs 18 years deep, the most recent figure standing at 13.2% for Q1 2026.

  • In Q1 2026, Tax Rate fell 290.0% year-over-year to 13.2%; the TTM figure through Mar 2026 stood at 20.37% (down 50.0% YoY), while the FY2025 annual figure was 21.4%, down 100.0% from the prior year.
  • Tax Rate came in at 13.2% for Q1 2026 at Goldman Sachs, down from 21.14% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 29.95% in Q2 2023 to a low of 10.91% in Q4 2023.
  • A 5-year average of 19.95% and a median of 21.1% in 2024 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate plunged 836 bps in 2022 and surged 1254 bps in 2023, its largest moves.
  • Goldman Sachs' Tax Rate stood at 13.33% in 2022, then slipped by 18 bps to 10.91% in 2023, then soared by 100 bps to 21.8% in 2024, then dropped by 3 bps to 21.14% in 2025, then tumbled by 38 bps to 13.2% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 13.2%, 21.14%, and 24.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 19.58
2 Goldman Sachs 318.59 Bn -618.96 Bn - 13.20
3 Schwab Charles 154.74 Bn 109.76 Bn - 22.24
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 15.82
5 Interactive Brokers 39.54 Bn 50.13 Bn - 9.08
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 2.47
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 26.45
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 2.46
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 23.03
10 Goldman Sachs - - - 13.20

Historic Data

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DateValue
Mar 31, 2026 13.20
Mar 31, 2026 13.20
Dec 31, 2025 21.14
Dec 31, 2025 21.14
Sep 30, 2025 24.00
Sep 30, 2025 24.00
Jun 30, 2025 24.91
Jun 30, 2025 24.91
Mar 31, 2025 16.10
Mar 31, 2025 16.10
Dec 31, 2024 21.80
Dec 31, 2024 21.80
Sep 30, 2024 25.01
Sep 30, 2024 25.01
Jun 30, 2024 22.29
Jun 30, 2024 22.29
Mar 31, 2024 21.10
Mar 31, 2024 21.10
Dec 31, 2023 10.91
Dec 31, 2023 10.91
Sep 30, 2023 25.33
Sep 30, 2023 25.33
Jun 30, 2023 29.95
Jun 30, 2023 29.95
Mar 31, 2023 19.01
Mar 31, 2023 19.01
Dec 31, 2022 13.33
Dec 31, 2022 13.33
Sep 30, 2022 18.29
Sep 30, 2022 18.29
Jun 30, 2022 17.41
Jun 30, 2022 17.41
Mar 31, 2022 15.40
Mar 31, 2022 15.40
Dec 31, 2021 21.69
Dec 31, 2021 21.69
Sep 30, 2021 21.40
Sep 30, 2021 21.40
Jun 30, 2021 19.80
Jun 30, 2021 19.80
Mar 31, 2021 18.00
Mar 31, 2021 18.00
Dec 31, 2020 18.68
Dec 31, 2020 18.68
Sep 30, 2020 21.68
Sep 30, 2020 21.68
Jun 30, 2020 71.11
Jun 30, 2020 71.11
Mar 31, 2020 10.01
Mar 31, 2020 10.01
Dec 31, 2019 17.41
Dec 31, 2019 17.41
Sep 30, 2019 22.31
Sep 30, 2019 22.31
Jun 30, 2019 22.58
Jun 30, 2019 22.58
Mar 31, 2019 17.21
Mar 31, 2019 17.21
Dec 31, 2018 6.28
Dec 31, 2018 6.28
Sep 30, 2018 18.00
Sep 30, 2018 18.00
Jun 30, 2018 21.70
Jun 30, 2018 21.70
Mar 31, 2018 17.17
Mar 31, 2018 17.17
Dec 31, 2017 162.03
Dec 31, 2017 162.03
Sep 30, 2017 28.49
Sep 30, 2017 28.49
Jun 30, 2017 27.02
Jun 30, 2017 27.02
Mar 31, 2017 11.19
Mar 31, 2017 11.19
Dec 31, 2016 30.91
Dec 31, 2016 30.91
Sep 30, 2016 26.99
Sep 30, 2016 26.99
Jun 30, 2016 26.03
Jun 30, 2016 26.03
Mar 31, 2016 27.98
Mar 31, 2016 27.98
Dec 31, 2015 28.64
Dec 31, 2015 28.64
Sep 30, 2015 30.30
Sep 30, 2015 30.30
Jun 30, 2015 39.28
Jun 30, 2015 39.28
Mar 31, 2015 27.71
Mar 31, 2015 27.71
Dec 31, 2014 17.10
Dec 31, 2014 17.10
Sep 30, 2014 32.19
Sep 30, 2014 32.19
Jun 30, 2014 27.79
Jun 30, 2014 27.79
Mar 31, 2014 32.70
Mar 31, 2014 32.70
Dec 31, 2013 34.35
Dec 31, 2013 34.35
Sep 30, 2013 30.00
Sep 30, 2013 30.00
Jun 30, 2013 26.99
Jun 30, 2013 26.99
Mar 30, 2013 33.00
Mar 30, 2013 33.00
Dec 31, 2012 32.95
Dec 31, 2012 32.95
Sep 30, 2012 34.20
Sep 30, 2012 34.20
Jun 30, 2012 32.01
Jun 30, 2012 32.01
Mar 31, 2012 33.70
Mar 31, 2012 33.70
Dec 31, 2011 18.77
Dec 31, 2011 18.77
Sep 30, 2011 46.16
Sep 30, 2011 46.16
Jun 30, 2011 32.57
Jun 30, 2011 32.57
Mar 31, 2011 32.30
Mar 31, 2011 32.30
Dec 31, 2010 31.29
Dec 31, 2010 31.29
Sep 30, 2010 32.48
Sep 30, 2010 32.48
Jun 30, 2010 57.67
Jun 30, 2010 57.67
Mar 31, 2010 20.92
Mar 31, 2010 20.92
Dec 31, 2009 23.19
Dec 31, 2009 23.19
Sep 25, 2009 20.31
Sep 25, 2009 20.31
Jun 26, 2009 31.70
Jun 26, 2009 31.70
Mar 27, 2009 11.66
Mar 27, 2009 11.66