Goldman Sachs (GS) Net Margin (2009 - 2026)
Goldman Sachs (GS) posted Net Margin of 31.36% for Q1 2026, down 3.75% sequentially from 32.59% in Q4 2025, and up 94.0% YoY from 16.17% in Q1 2025.
Goldman Sachs (GS) Net Margin (2009 - 2026) Analysis & Trends
Goldman Sachs has reported Net Margin for 18 years, with the latest figure at 31.36% in Q1 2026.
- Quarterly Net Margin rose 94.0% year-over-year to 31.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.32% (up 224.0% YoY) and the FY2025 annual result came in at 27.97%, up 269.0% from the prior year.
- Net Margin eased to 31.36% in Q1 2026 per GS's latest filing, from 32.59% in the prior quarter.
- Over five years, Net Margin peaked at 32.59% in Q4 2025 and troughed at 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.
- The sharpest annual moves came in 2022 and 2024: Net Margin plunged 1895 bps in 2022, then soared 1288 bps in 2024.
- Over 5 years, Net Margin stood at 11.19% in 2022, then jumped by 47 bps to 16.5% in 2023, then soared by 71 bps to 28.29% in 2024, then advanced by 15 bps to 32.59% in 2025, then fell 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 25.46% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 31.46% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 36.98% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 42.89% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -171.16% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 16.00% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 7.31% |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 36.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.46% |
| 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% |