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
Download Data| Date | Value |
|---|---|
| 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 |