Goldman Sachs (GS) Net Margin (2009 - 2026)
Goldman Sachs' (GS) quarterly Net Margin came in at 31.46% in Q2 2026, up 765.0% year-over-year from 3.64% in Q2 2025, and little changed quarter-over-quarter from 31.36% in Q1 2026.
Powered by 
Analysis
Goldman Sachs (GS) Net Margin (2009 - 2026) Analysis & Trends
Goldman Sachs has disclosed Net Margin across 18 years of filings, most recently posting 31.46% for Q2 2026.
- In Q2 2026, Net Margin rose 765.0% year-over-year to 31.46%; the TTM figure through Jun 2026 stood at 30.28% (up 402.0% YoY), while the FY2025 annual figure was 27.97%, up 269.0% from the prior year.
- Net Margin came in at 31.46% for Q2 2026 at Goldman Sachs, roughly flat from 31.36% 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.
- Average Net Margin over 5 years is 24.01%, with a median of 24.99% recorded in 2023.
- Year-over-year, Net Margin tumbled 1895 bps in 2022 and surged 1288 bps in 2024.
- Over 5 years, Net Margin stood at 11.19% in 2022, then surged by 47 bps to 16.5% in 2023, then jumped by 71 bps to 28.29% in 2024, then rose by 15 bps to 32.59% in 2025, then fell by 3 bps to 31.46% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 31.46% in Q2 2026, 31.36% in Q1 2026, and 32.59% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 439.96 Bn | -148.54 Bn | 30.39 Bn | 27.72% |
| 2 | Morgan Stanley | 336.99 Bn | 176.86 Bn | - | 25.46% |
| 3 | Goldman Sachs | 299.92 Bn | -676.43 Bn | - | 31.46% |
| 4 | Royal Bank Of Canada | 288.24 Bn | 61.39 Bn | - | 32.48% |
| 5 | Mitsubishi Ufj Financial | 283.40 Bn | -100.92 Bn | 10.89 Bn | - |
| 6 | Wells Fargo & Company | 273.32 Bn | 71.49 Bn | - | 27.23% |
| 7 | Banco Santander | 219.61 Bn | 227.22 Bn | 28.01 Bn | 11.41% |
| 8 | American Express | 219.16 Bn | 169.84 Bn | 17.99 Bn | 15.84% |
| 9 | Toronto Dominion Bank | 204.38 Bn | 43.05 Bn | - | 26.78% |
| 10 | Schwab Charles | 185.52 Bn | 111.93 Bn | - | 37.91% |
Historic Data
Download Data
Historic 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% |